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3.85%

81.0¢ rakon limited ordinary shares

"Cisco Systems Inc on Wednesday raised its full-year earnings...

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garymnz

7 Posts.

1

17/02/22

09:31

Post #: 59627719
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Originally posted by KiwiCheek: ↑

I'm thinking that you haven't read their investor releases for the last two years. As I feel like we are talking about two different companies. You seem to be talking about RAKON from 2-3 years ago.

Here is where they are at in 2022. A global company who should be moving to the ASX next:

They have developed very significantly into 5G and it is one of their biggest markets.

They focussed on transforming the massive surge in sales from their fire-hampered competitor into a permament relationship shift to RAKON.

They have built new manufacturing plants around the world.

They have significantly expanded into 6 global manfufacturing sites, 15 global sales and service sites.

They have grown significantly into space and defence.

And they have a pipeline of new technology. Which obviously, they do not want to talk about.

You should consider buying back in while this stock is under $2.20.

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"Cisco Systems Inc on Wednesday raised its full-year earnings forecast and reported quarterly revenue above expectations on strong demand for its enterprise communication tools and 5G gear"
5G continues to grow and outlook is really bright. In my opinion this will bode well for Rakon too.

Price at posting: $1.80 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 81.0¢		Change 0.030(3.85%)		Mkt cap ! n/a

Open	High	Low	Value	Volume
79.0¢	83.0¢	79.0¢	$43.31K	53.65K

Buyers (Bids)

No.	Vol.	Price($)
0	7964	81.0¢

Sellers (Offers)

Price($)	Vol.	No.
83.0¢	137	0

Last trade - 12.59pm 26/07/2024 (20 minute delay)

RAK (NZSX) Chart