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Bullboard - Stock Discussion Forum Reko International Group Inc. V.REKO

Alternate Symbol(s):  RKIGF

Reko International Group Inc is a Canada based company engaged in the activities of robotic factory automation solutions, the precision machining, and plastic injection and low compression acoustic tooling. The business divisions of the group are Automation, design and build, Tool and mold manufacturing, and Precision Machining. It supplies factory automation services in Canada. In addition, the company also provides machining, tooling, and engineering services. Precision machining relates to precision, custom machining of castings and assemblies. Its revenue is generated from the sales of custom machining, factory automation, and manufacturing molds. The company operates in Canada and the United States, of which the majority of the revenue is derived from Canada.

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RE:RE:RE:RE:RE:RE:3Q21/22

many thanks for the recap of the story GordonB! Very interesting, and quite a common route for companies to have taken - especially the ones who finds themeselves trading at a significant discount to...read more

RE:RE:RE:RE:RE:3Q21/22

They needed the money to expand their core mold business (which they no longer have) and to allow employee share ownership. They expanded into things, mostly through acquisitions, which failed...read more

RE:RE:RE:RE:3Q21/22

fair enough - I haven't been with the company long enough to feel that way, and I got in significantly lower than today. But one might indeed wonder why they are public - does anyone remember the...read more

RE:RE:RE:RE:3Q21/22

Well said, well said! Makes me angry too!  rate and reply

RE:RE:RE:3Q21/22

Unfortunately, that "slow motion buyout" has been twenty years. The company did its IPO roughly 30 years ago at $6.50 and has done nothing with its public company status since then. They are...read more

RE:RE:3Q21/22

Hi Hevin - many thanks for the extensive reply, and good to hear! Agree that there does not seem to be much of a reason to stay listed - perhaps it is a family planning thing with shares being further...read more

RE:3Q21/22

Hi Dempster: a bunch of us investors are in touch so I can tell u that I know the person who sold the bulk of those shares after the results.... didn't really want to but needed the powder for a...read more

3Q21/22

-18% (although very low volumes) seems like a bit of a harsh reaction on the report. It for sure wasn't strong, but there were some positives in regard to the future within it as well. The change...read more

RE:Lack of trading

Agree - don't really see the reason for this company being public. Low volumes and interest from the market. And the company does not seem to need the capital markets for raising equity - and even...read more

Help the minority shareholders

Will reko trade again before the end of April?  rate and reply

Lack of trading

Is anyone but the company buying the minimal shares traded? Do the remaining shareholders a favour and buy out the remaining shares. Steve would then be proud of his daughter.  rate and reply

Annual shareholders meeting

ASM today. Announcement on taking this family company private today? Do us long time shareholders a break. I can't make the meeting as i am washing my hair.  rate and reply

RE:Declares Special Dividend

While I never complain about receiving dividends I'd rather they buy us out at $7-8 a share.  rate and reply

Declares Special Dividend

WINDSOR, ON, Oct. 18, 2021 /CNW/ - Reko International Group Inc. (TSX-V: REKO) is pleased to announce the upcoming payment of a special cash dividend of $0.25 per share to all...read more

RE:Year end financial results

Agreed! Well said  rate and reply

Year end financial results

Reko is one of very few companys who fails to trade any shares the day after their financial financial results are released. Why are they still public? TAKE THIS COMPANY PRIVATE NOW AT AN APPROPRIATE...read more

RE:RE:Why is Reko a public company

It appears that someone other than company is buying in the 4.73 range; I believe the company is offering a slightly lower price for shares...imho  rate and reply

RE:Why is Reko a public company

Reko trades very infrequently. Of the few shares that actually trade, are any of the buyers other than the company through its normal course issuer bid?  rate and reply

Why is Reko a public company

Hasn't traded since last Thursday. Nearly five trading days. Steve Reko is turning over in his grave for this lack of respect for its shareholders. Take it private now.  rate and reply

RE:RE:RE:RE:RE:a reminder to other Reko shareholders

Reko is probably the only company whose Retained Earnings per share increases more from the cancellation of their shares through their normal course issuer bid then it does from actual profitability.  rate and reply