Australian (ASX) Stock Market Forum

RFT - Rectifier Technologies

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Dona Ferentes said:
Recent FY summary:

• The total revenues decreased by approximately 11.33% to $16.7 million compared to $18.9 million in the previous reporting period.
• The decrease in sales during the year to 30 June 2020 was due to the impact from COVID 19 pandemic. The Government in each our operating jurisdiction has imposed restriction on movement to protect safety of general public, particularly in Malaysia, our factory has been shut down in the middle of March and was resumed to operate with a limited capacity in April and fully operating from May onwards.
• The Company reported a profit before tax of $3.1 million compared to a profit of approximate $3.3 million in the previous reporting period despite the global economics negatively impacted by COVID 19. However, the Company was able to report a profit with supported from the Governments in each operating jurisdiction, financial institutions, key stakeholders and our own reserves. The effective plan enables us to mitigate risk exposure.
• The Company expects sales from our legacy market and electric vehicle charging market to continue improving in the 2021 financial year.


Outlook
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Great post @Dona Ferentes , my main takeaway from it is that this little company still made a profit even in the middle of the pandemic even though the revenue was down... ?
 
aus_trader said:
Yeah, Mr.Frugal Rock seems to move in and out swiftly. I haven't executed any orders today and looks like I won't be able to...
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I'm just a country bumpkin, and as fresh as a cow pat on a pumpkin.
Good to see the market expansion and RFT attempting a wiggle on to 10 cent.
I can hear @jbocker whistling Steppenwolf....
"get your motors hummin..."
"Take the world in a love embrace"
bear hugs- squeeeeze!

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frugal.rock said:
I'm just a country bumpkin, and as fresh as a cow pat on a pumpkin.
Good to see the market expansion and RFT attempting a wiggle on to 10 cent.
I can hear @jbocker whistling Steppenwolf....
"get your motors hummin..."
"Take the world in a love embrace"
bear hugs- squeeeeze!

View attachment 120282
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With a bit of volume going through the stock lately, it looks like investors are starting to take note...
 
Snap, crackle, pop and the share price tumbles.... luck has it I jumped off @ 0.048 when support wasn't there.
Waiting for a suitable re-entry, plenty of growth potential attached to RFT, in my opinion.

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was trying to be in for the long run, and got lucky as I left last Thursday at 4.1c and lost $70 after brokerage fees...
but overall a risky time so not sure i want to play with speculative companies now.Retreating toward cash
 
charlsie said:
long term play for me as hopefully their business will expand as the years move along.
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Gee, they aren't prolific in the announcements department. But as a viable business, I guess they don't need to pepper the bourse with spin.

Biggest issue would be keeping up with tech developments (and competition)? It's a jungle out there.

[Our] high-powered power supply has been enhanced since its first release to deliver improved performance. We have taken the time over the last few months to incorporate new features that satisfies the trends of the fast growing HPC networks. The exclusive supply agreement does not contain any minimum purchase/supply amounts.
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Dona Ferentes said:
Gee, they aren't prolific in the announcements department.
It's a jungle out there.
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There is a lot of "soy" on the Top 20 register. Reason enough for me to take a wide birth

Largest shareholder, Pudu Investments originally bought into the Company at .001 cents,

Then eventually sold most of that at .004 cents to Sichuan Yimikang Environmental Technologies (Singapore investor?)

Company paid a fully franked .001 cent div this year so Pudu have no reason to do anything for the foreseeable future

The Top 20 own 78% of the Co yet the SP has been stagnant/ranging for a long time

Hopefully they can get things moving once the Covid settles @charlsie but it just feels a bit "sticky" to me
 
My personal view..andd probably wrong so not an advice:
Infant state,i like the domain,good tech and Qld based..but
Is an electronic company, compete with China using components mostly Chinese made and asset is IP plus team brain
repeat : asset is IP,using Chinese made part ..and some Chinese investors.
Draw the conclusions...
Add nearly got burnt by a fast crash.
So hum,,
 
charlsie said:
my tip again for the July comp, I'm down a little this month and hoping that this weeks sell off was just people settling for the financial year. Though i am a little unsettled by it.
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My thoughts on the sell off are that it's only natural after...?

They announced down graded earnings and profit guidances, apparently due to covid related component supply/ shortages issues, and the cancellation of the dividend, will usually end up shaking the tree like this.

Hopefully for hodlers it plays ball and bounces back soon enough.
??

Otherwise...?
 
Reading the EV thread and I thought of checking up on this one.
I'd imagine conditions haven't improved much for them as yet, and probably won't until well into next year...
At this stage, I couldn't see them paying a dividend again until 2023... will check in on them again each quarterly and see how their travelling.
Of course, they may win a major player supply contract which should put a good rocket onto the SP, in my opinion.
5 year chart.

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Errrr, I hadn't noticed the closing price yesterday, last I saw it was 0.046... my bad @charlsie

" Yes, on 9 November 2021, the Australian Government released the Future Fuels and Vehicles Strategy which includes initiatives to encourage increased use of electric vehicles. Such initiatives include plans for the Australian Government to partner with the private sector to fund electric vehicle charging infrastructure in over 400 businesses, 50,000 households and 1,000 public charging stations.
The Company also notes a media article was published by The Motley Fool on 9 November 2021 referencing the Australian Government’s Future Fuels and Vehicles
Strategy and RFT as an ASX share with exposure to electric vehicle charging stations."

eeek!

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