Rakon

Rakon is a global high technology company which was founded in 1967 by Warren Robinson. Rakon designs and manufactures advanced frequency control and timing solutions. The company has four manufacturing plants, including two joint ventures plants, located in New Zealand, France, India and China and five research and development (R&D) centres. Customer support centres are located in ten offices worldwide.

The company's focus is on enabling next generation technologies in the telecommunications, global positioning and space & defence markets.

Rakon designs and manufactures advanced frequency control and timing solutions for telecommunications, global positioning and space and defence applications. Rakon products are found at the forefront of communications where speed and/or reliability are paramount. The company's products provide extremely accurate clocking signals, which are then used to generate precise electrical, radio or optical signals in networks and systems around the globe. Additionally Rakon offers a broad product portfolio to meet its customers timing and frequency control requirements

Company Details

Registered Office: 8 Sylvia Park Road, Mt Wellington, Auckland 1060

Postal Address: Private Bag 99943, Newmarket, Auckland 1149

Telephone: +64 9 573 5554

Facsimile: +64 9 573 5559

Website: www.rakon.com

First Listed: 16/05/2006

Balance Date: 31 March

AGM: 16/08/2023

Directors and Executives

Sinan Altug

Chief Executive Officer

Drew Davies

Chief Financial Officer

Sinead Horgan

Independent Non-Executive Director

Keith Oliver

Independent Director

Brent Robinson

Executive Director

Maureen Shaddick

Company Secretary

Jung Meng Tseng

Director

Steven Tucker

Independent Non-Executive Director

Keith Watson

Independent Director

Lorraine Witten

Chair

Announcements

Title	Date	Type
Rakon 2024 Annual Report	Thu, Jun 27 2024 04:02 pm	ANNREP
Latest satellite subsystem contract	Thu, Jun 27 2024 08:35 am	MKTUPDTE
Director Resignation	Wed, Jun 26 2024 12:50 pm	ADMIN
NBIO process ended	Wed, Jun 19 2024 09:39 am	MKTUPDTE
Focused on efficiency and growth in NewSpace and AI	Wed, May 29 2024 08:30 am	FLLYR
Rakon awarded $17M satellite subsystem contract	Wed, May 15 2024 01:42 pm	MKTUPDTE
Update re non-binding indicative proposal	Mon, May 13 2024 08:44 am	MKTUPDTE
Rakon FY2024 Results Announcement Date	Fri, May 10 2024 03:31 pm	GENERAL
New Rakon product for AI computing and data centres	Thu, Jan 25 2024 08:30 am	GENERAL
Director Resignation	Mon, Jan 22 2024 08:30 am	ADMIN

Major Holdings Announcements

Date	Name	No. Held	%	Current
02/11/23	Wairahi Investments Limited & Waira	14,068,955	-	6.10
23/07/21	Siward Crystal Technology Co., Ltd.	28,016,681	16.60	12.23
29/10/20	Wairahi Investments Limited	11,591,506	-	5.06
03/10/19	Darren Paul Robinson	34,845,003	18.37	15.21
03/10/19	Michele Robinson	24,930,823	-	10.88

Director’s Interests Announcements

Date	Name	No. Held	%	Details	Other
07/09/23	Brent Robinson	35,308,538	-	-	-
04/08/23	Steven Tucker	59,991	-	-	-
01/06/23	Lorraine Mary Witten	222,720	-	-	-
04/10/22	Keith Watson	130,000	-	-	-
09/09/22	Anand Praful Rambhai	15,000	-	-	-
02/09/22	Sinan Altug	50,000	-	-	-

Analysts’ Forecasts

	profit2021	profit2022	eps2021	dps2021	sales2021	ebit2021	ebitda2021
mean	4.4	1.9	1.5	141.8	6.1	13.3
high	4.4	1.9	1.5	141.8	6.1	13.3
low	4.4	1.9	1.5	141.8	6.1	13.3
sample	1	0	1	1	1	1	1

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.

Last Updated: 08/08/2023