Rakon makes big promises, but a dividend isn’t one

Rakon chair Lorraine Whitten said that Rakon needs to invest to “capture these market opportunities while they are here”. (Image: Rakon)

Ben Moore

Thu, 11 Aug 2022

Rakon is placing some big bets on its future with hopes its plans will reward (or at least placate) shareholders, pinning much on its new manufacturing plant in India and plans to take the US market by storm.The electronic components design and manufacturing company had a massive short-term gain due to the chip shortage in the 2022 financial year ending March, making it the company’s best year on record.Rakon’s guidance for the current financial year positions FY23 as its second-best year.While many shareholders had good reason to e...

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