Australian (ASX) Stock Market Forum

RFT - Rectifier Technologies

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Just a quick chart update.
I'm looking at things through a longer yard glass these days, so a 3 year chart. Not held.

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One of the better things in Victoria..

www.rectifiertechnologies.com
9 June 2023

ASX Announcement

Appointment of Chief Manufacturing Officer

The Board of Rectifier Technologies Limited (ASX:RFT) (“RT” or “Company”) is pleased to announce the appointment of Uei Jou TAN as the new Chief Manufacturing Officer, effective on the 13th of June 2023.

Rectifier Technologies Limited is continuing to grow its volume sales orders, particularly in the
e-Mobility sector and in line with this, we are rapidly expanding our worldwide manufacturing capabilities.

Uei Jou brings a wealth of expertise and a successful track record in manufacturing operations. With his deep understanding of production processes, supply chain management, and continuous improvement strategies, Uei Jou will play a pivotal role in driving operational excellence and enhancing the Company’s manufacturing capabilities into the future.

Authorised by:
Yanbin Wang
CEO

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RFT is my pick in the April 2024 monthly comp.

i have almost been tempted to dabble here ( with real cash ) several times

between power grids , renewable energy , EVs ( and fast chargers ) there is plenty for this company to trip over for a nice price spike

( i do NOT have an order in for this share ... currently , and do not hold it either .. but that may have changed by the end of April )

good luck everybody
 
yes a complete change of strategy , especially for a non-trader

but maybe this time after a 'board refresh' , and may be even a victim of an opportunist take-over

after all the old board derailed when a planned capital raising wasn't even going to get to the offer stage

at currently sub 2 cents this is probably the last gasp before resorting to a share consolidation ( or a reverse takeover )

but the comp. is all about large gains in the month ( or big losses to claim the wooden spoon )

i think April will be a volatile month
 
divs4ever said:
but the comp. is all about large gains in the month ( or big losses to claim the wooden spoon )
Click to expand...
Somewhere you wrote you were considering buying some.
Is that a consideration now?
I know you like to wait for basement bargain discount prices, is that something you are seeing here.
I have no opinion either way here.

I do wonder whether Tritium charger component failure stems from Rectifier equipment though.

I don't think Rectifier has commented on the matter, so one might assume that the problem is not with Rectifier equipment. However, the board shake up lately? What's that about?

Down 50% from the start of the month to $0.009
 
frugal.rock said:
Somewhere you wrote you were considering buying some.
Is that a consideration now?
I know you like to wait for basement bargain discount prices, is that something you are seeing here.
I have no opinion either way here.

I do wonder whether Tritium charger component failure stems from Rectifier equipment though.

I don't think Rectifier has commented on the matter, so one might assume that the problem is not with Rectifier equipment. However, the board shake up lately? What's that about?

Down 50% from the start of the month to $0.009
Click to expand...
yes .. the order is in the market @ 0.6 cents ( but only a small order , please note )

all these smug cities, networks , etc etc etc are going to need electronic components ( or the 'high-tech world' faces major issues )

also note at 0.6 cents a share this is more gamble than 'investment ' ( more likely to be taken over than start paying divs. )
 
all the 'new electronic world ' needs components , copper wire and warehouses , copper mining is unsatisfactorily covered ( in my portfolio , after BHP grabbed my OZL ) sheds/warehouses , i have some REITs exposed to them , but what about some tiny bits and pieces ( since RFX has been a R&D cesspit )
 
frugal.rock said:
Not no more.
3 directors have quit.

"The" Yanbin remains.

Would anyone like to conspire in some industrial espionage?

Suspended from trading due to lack of governance.

@Garpal Gumnut this may have a knock on effect to Tritium, although it's hard for Tritium to get much cheaper.
Click to expand...
I was tempted to look into RFT for the first time after seeing tips from @divs4ever. I noticed that @Garpal Gumnut did not respond to your call. There is a high Chinese factor (and this is a good sign to do business with China) and a sliding share price trend.
So, would it offer an opportunity in the short term?
DNH and know nothing about this stock.
Stock specialist shows a high conviction for sale

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Miner said:
I was tempted to look into RFT for the first time after seeing tips from @divs4ever. I noticed that @Garpal Gumnut did not respond to your call. There is a high Chinese factor (and this is a good sign to do business with China) and a sliding share price trend.
So, would it offer an opportunity in the short term?
DNH and know nothing about this stock.
Stock specialist shows a high conviction for sale

View attachment 175842
Click to expand...
risky as heck , sure

but AI is gone , copper is ( finally ) rising , but all this runs on 'smart grids '

the question is will this stock fold or finally get traction ( if we start sanctioning cheap Chinese components)
 
Market Update –

Tritium Order Fulfilment

On 9 February 2022, Rectifier Technologies Limited (“RFT” or “the Company”) announced that the Company had received product purchase orders from Tritium Pty Ltd totaling USD20 million.

By 31 March 2024, approximately 90% of these orders had been fulfilled and dispatched to Tritium and its overseas affiliates (“Tritium”).

The remaining 10% of these orders, totaling approximately USD2 million, remain unfulfilled.

In addition to the USD20 million orders received in 2022, RFT has continued to receive regular orders for various products from Tritium over the past few years, which are fulfilled as part of the Company’s normal operations and production schedule.

The current remaining unfulfilled regular order balances are approximately USD16 million, most of which were originally expected for delivery in 2025 and 2026.

In April 2024, RFT received a notice advising that Tritium Pty Ltd had gone into voluntary administration.

In response to this, the Company’s new management team has taken appropriate steps to mitigate the financial impact of this situation. RFT is currently seeking clarification and confirmation from Tritium regarding whether the remaining order balances will be assumed by other Tritium affiliates.

As of now, the Company has not yet received a formal response from Tritium on this matter.

RFT will continue to monitor the situation closely and will provide further updates when more information becomes available.

While the Company expects its sales for the year ending 30 June 2024 will decrease significantly due to Tritium’s current situation, the new Board remains committed to exploring new opportunities and strengthening relationships with other key clients to mitigate this impact.

This ASX Announcement has been approved for release by the Board.

i do not hold this share

CURSES this news probably would have clinched to Wooden Spoon for me last month

i don't currently have an order for this in the market ... but gee it could drop below my target range , do i under-arm a low-ball
 
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