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
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
Update on Non-Binding Indicative Proposal Process Thu, Jan 18 2024 09:28 am MKTUPDTE
Update re non-binding indicative proposal Mon, Dec 18 2023 11:56 am MKTUPDTE
Rakon Limited (“RAK”) – Trading to resume at 4:28pm Mon, Dec 11 2023 04:18 pm HALT
Non-binding indicative proposal received Mon, Dec 11 2023 04:13 pm MKTUPDTE
Rakon Limited — Trading Halt of Securities Mon, Dec 11 2023 10:30 am HALT
Amended FY24 Results Announcement form Thu, Nov 23 2023 02:37 pm GENERAL
RAK focused on efficiency and investment for future growth Thu, Nov 23 2023 09:31 am HALFYR
Rakon HY2024 Results Webcast Details Fri, Nov 17 2023 09:38 am GENERAL

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


Markets News

RBNZ rate call gives NZ stocks a boost
Markets Market close

RBNZ rate call gives NZ stocks a boost

The S&P/NZX50 index ended at 11,763.32, up 68.71 points or 0.59%.

Markets

Skincare brand Me Today to sell King Honey as losses climb

Former Trilogy CEO Stephen Sinclair will take the helm.

Skincare brand Me Today to sell King Honey as losses climb
Markets

Meridian reports increased sales and higher prices

Net profit after tax was $ 191 million, $10m or 5% down on the same period last year.

Meridian reports increased sales and higher prices
Markets

Spark reports profit drop of 4.8%

But telco has reaffirmed its full-year guidance. 

Spark reports profit drop of 4.8%
Finance

PGG Wrightson CEO: OCR hike would hurt rural sector confidence

The company suspended its interim dividend, worrying about adding debt if rates go up.

PGG Wrightson CEO: OCR hike would hurt rural sector confidence