RAK Rakon

[Rawz]

Complexities'?? More like Robinsons family refusal to let it go. Poor minor shareholders.

On 18 December 2023, Rakon (NZX:RAK) informed the market that it was undertaking a process to consider the unsolicited, non-binding, indicative proposal (the Proposal) received on 7 December 2023. That Proposal was incomplete and highly conditional, including being subject to strict confidentiality controls. Rakon advises today that, following a period of due diligence, the Proposal will not be progressed further and the process is at an end. The parties were unable to reach a suitable resolution to the potential complexities encountered during due diligence (as announced on 13 May 2024). Given the strict confidentiality restrictions which remain in place, Rakon will not be providing further comment. Rakon Chair, Lorraine Witten, commented: “The Board considered the initial Proposal worthy of being assessed and, with support from its external advisers, undertook a comprehensive process to determine if the Proposal could be developed into a transaction to be presented to shareholders for consideration, and to consider any alternative proposals. While this process is now at an end, the interest shown in our company by this credible party is testament to Rakon’s leading technology, strong business operations and unrelenting commitment to customers. “The longer-term growth fundamentals for Rakon’s core markets remain strong and the opportunities significant, especially within the global space ecosystem and AI hardware sectors, as well as the ongoing evolution of 5G/6G, cloud and edge computing, and autonomous machines and vehicles. Rakon’s board and management remain focused on executing on the company’s growth strategy and delivering against our strategic priorities of technology innovation, core markets, customer partnerships, and flexible, scalable operations.”

this is why you always sell into the proposed takeover. same with ERD. Because the one proposal that falls over more than wipes out the other times you try hold on for another 5-10% gain or so

[winner69]

Lorraine still doing the sell job …..share price should be over 2 bucks with this outlook


“The longer-term growth fundamentals for Rakon’s core markets remain strong and the opportunities significant, especially within the global space ecosystem and AI hardware sectors, as well as the ongoing evolution of 5G/6G, cloud and edge computing, and autonomous machines and vehicles. Rakon’s board and management remain focused on executing on the company’s growth strategy and delivering against our strategic priorities of technology innovation, core markets, customer partnerships, and flexible, scalable operations.”

[Greekwatchdog]

Lorraine still doing the sell job …..share price should be over 2 bucks with this outlook


“The longer-term growth fundamentals for Rakon’s core markets remain strong and the opportunities significant, especially within the global space ecosystem and AI hardware sectors, as well as the ongoing evolution of 5G/6G, cloud and edge computing, and autonomous machines and vehicles. Rakon’s board and management remain focused on executing on the company’s growth strategy and delivering against our strategic priorities of technology innovation, core markets, customer partnerships, and flexible, scalable operations.”

And if the suitor who was doing due diligence thought that was going to be a big value add then there would have been no issues. Complexities my arse.

DISC. Not a holder, sold 2 + years ago for handsome profit. I guess I got lucky.

[SPC]

Ah yes, recent punters who hopped on board for the bright new future and who despararged the disgruntled old guard are now getting a taste of the rak medicine.
Buckle up for the long term. And it's going to be long. Disc: exited circa $1.50 some time back. I'm not fooled with this circus.

[Lego_Man]

Complexities'?? More like Robinsons family refusal to let it go. Poor minor shareholders.

Yep, pretty much this. I bet the terms they were asking for were untenable.

[winner69]

I expect Mike Daniel will be a bit ‘disappointed’

Mike knows nothing but told the NBR probably related to trade and geopolitical tensions between US and China

[winner69]

RAK share price 62 cents before the announcement in December …so at that 65 cents now almost back to where it started.

Rawz was right good strategy to sell into the offer and don’t wait for anything to happen

[stoploss]

RAK share price 62 cents before the announcement in December …so at that 65 cents now almost back to where it started.

Rawz was right good strategy to sell into the offer and don’t wait for anything to happen

61 Cents down 18 % on the day,should be a please explain ...... " we can't help it if we are useless "

[nztx]

https://www.nzherald.co.nz/business/...H7URTY7ATHJ74/

$391 million bid for Rakon comes to nothing

She said the outlook for Rakon’s longer-term markets were strong and the opportunities significant, especially in the global space and artificial intelligence sectors.

Stronger growth, growth in Share price & stronger Dividend habits on the way - Lorraine .. or is that sort of witting too hard for RAK and it's resident Fish Heads around the Boardroom table to compute ?

You lot have p*ssed the ultimate sale up against the wall, not to forget indulged in dividend suppression strategies hoisted on all stakeholders while continuing to whisper glowing future fluffies on the never never, in turn allowing market expression of any potential real value or gain therein to disappear down the can

[winner69]

https://www.nzherald.co.nz/business/...H7URTY7ATHJ74/

$391 million bid for Rakon comes to nothing




Stronger growth, growth in Share price & stronger Dividend habits on the way - Lorraine .. or is that sort of witting too hard for RAK and it's resident Fish Heads around the Boardroom table to compute ?

You lot have p*ssed the ultimate sale up against the wall, not to forget indulged in dividend suppression strategies hoisted on all stakeholders while continuing to whisper glowing future fluffies on the never never, in turn allowing market expression of any potential real value or gain therein to disappear down the can

It’s still worth $150m today ….what’s $250m between friends