Dividend policy New dividend policy in place now for 12 months The NZ Market 0 20 40 60 80 100 120 140 160 180 200 Kingfish NZ50 Index. Since balance date 31 March 2010 21 July 2010 Divs % Comvita, Rakon. Portfolio metrics Kingfish NZ50 Index PE Ratio 11.4 13.8 Forecast earnings growth 16% 10% dividend stream of a stock that continues to grow at a constant rate forever. The formula is as follows: (1) k g D P e − = 1 0 where P 0 is the current share price, D 1 is the expected dividend per share in the next financial year, k e is the cost of equity or the rate of return required by investors and g is the constant growth rate of the Dividend Payment Date Not Applicable Not Applicable Comments Rakon Limited (NZX: RAK) has achieved a significant increase in revenue and earnings for the first half of FY11, with revenue up 31% and EBITDA of $13.5 million 778% ahead of the same period last year. What we do every day… New Zealand Shareholders Association (NZSA) represents, promotes and protects the interests of investors in shares and other investment products. ADVOCATING FOR YOU One voice to represent, promote and protect investors' interests. SCRUTINISING BOARD PERFORMANCE Regular engagement with and constructive challenge for New Zealand's corporate leaders.… New Dividend Policy announced June 2009, well received Capital Management irrespective of performance of underlying portfolio • Innovative approach for NZ market but established practice in US (40% of US closed-end funds have adopted a similar policy) Rakon's sales are in US$. Slight fall in STEEPP rating, but remains In total, 451 thousand shares were bought and sold for approximately $1.16 million. Given the current short-term trend, the stock is expected to fall -9.80% during the next 3 months and, with a 90% probability hold a price between $2.05 and $2.33 at the end of this 3-month period. Do note, that if the stock price manages to stay at current 6 Source: CS&A 2014.04 Worldwide Ranking No. 3 in 2013 Think of Frequency, Think of TXC Rank Company Name Area 2011 2012 2013 (11-12) Change % (12-13) 13 Source: CS&A 2014.04 Worldwide Ranking No. 3 in 2013 Think of Frequency, Think of TXC Rank Company Name Area 2011 2012 2013 (11-12) Change % (12-13) 11 Source: CS&A 2014.04 Worldwide Ranking No. 3 in 2013 Think of Frequency, Think of TXC Rank Company Name Area 2011 2012 2013 (11-12) Change % (12-13) 62,46MB Core Maths Aki Ola Shs Pdf Ebook14.16What are series and parallel circuits 14.17Simple series circuits..May 2017 The Board maintains a dividend policy, such that a dividend will be paid of up.The board didnt declare a dividend, and said it was optimistic for the Rakon Ltd.Stock - RAK.NZ news, historical stock charts, analyst ratings, Under Brent's leadership Rakon has grown into a global and diversified business with revenues increasing from NZ$1 million to over NZ$100 million. Brent also acts as Rakon's Chief Technology Officer, driving the business's technology and innovation. Awarded the New Zealand Hi-Tech Trust - Flying Kiwi Award in 2011. 62,46MB Core Maths Aki Ola Shs Pdf Ebook14.16What are series and parallel circuits 14.17Simple series circuits..May 2017 The Board maintains a dividend policy, such that a dividend will be paid of up.The board didnt declare a dividend, and said it was optimistic for the Rakon Ltd.Stock - RAK.NZ news, historical stock charts, analyst ratings, 62,46MB Core Maths Aki Ola Shs Pdf Ebook14.16What are series and