BlackBull starts coverage on undervalued Rakon

Rakon has positioned itself well to latch on to 5G and space industry opportunities. (Image: Depositphotos)

Wed, 26 Apr 2023

Boutique research house BlackBull Research has thrown its weight behind a call for Rakon to start paying a dividend to revive investor interest and lift what it sees as an undervalued share price.The research house, formerly ATM Strategy before online trading platform BlackBull Markets bought it last year, has started coverage of the technology components maker, which it rates as materially undervalued compared with both its tech peers and the wider New Zealand market. Equities analyst Eden Bradfield said he’s watched Rakon for a lon...

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