Languishing Rakon share price fuels shareholder discontent

Languishing Rakon share price fuels shareholder discontent
Chair Lorraine Witten has her work cut out for her. (Image: Rakon)
Paul McBeth
Rakon’s shareholders fear the board is missing a beat in the way it’s been characterising the high-tech component maker’s outlook. The company raised the bottom end of its forecast for the March year earnings last month, but the share price continues to languish around 87 cents, almost half of what it was a year earlier. Shareholders were already upset over the board’s new dividend policy to retain cash surpluses to fuel planned growth and capital requirements for the next three years, rather than spit out a ju...

More Markets

Fisher & Paykel Healthcare helps NZX up 1%
Markets Market Close

Fisher & Paykel Healthcare helps NZX up 1%

Skellerup Holdings shares rose 5.1%. 

Gregor Thompson 01 Jul 2025
Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Gregor Thompson 01 Jul 2025
Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet. 

Pattrick Smellie 01 Jul 2025