trading halt, page-14

After this cap raise equity will stand at over $70m. So I think I am comfortable holding RXP if they can achieve at least 15% ROE that equates to at least $10m npat. Or $15m EBIT.

I think at the moment we might be tracking $10m EBIT????

I guess the positives moving forward:
- dividends are inevitable now
- $20m cash allows for at least $40m worth of acquisitions at say 50/50 cash/equity and 5 times ebit. So another $8m EBIT rolled in.

So without any organic growth factored we are staring down the barrel of a potential $18m EBIT business.....

Hope they aren't biting off more than they can chew, surely there will be some acquisitions in parallel to this raise.

Will be very interesting to see the price action behaviour after this.