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Ann: Appendix 3B, page-23

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imran khan

785 Posts.

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19/12/14

09:18

Post #: 14485245
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Originally posted by danbradster ↑

As far as I know, this wasn't released on the ASX but was released in an interview...

RXP's 2015 outlook is positive, although it didn't put any numbers in its forecasts. Fielding said that at the current rate of growth there is a possibility of delivering a dividend in 2015, in just the fourth year as a public company.

"We have had a strong start to financial year 2015 with July revenue in excess of $6 million," said Fielding.

$6m revenue for July doesn't seem above the FY14H2 average ($32.8m total), but FY15 H1 should be interesting nonetheless.

Oh, and when I gave an example of a dividend with 50% payout ratio, I wouldn't actually expect that right off the bat. If anything, $0.005 paid half yearly or maybe quarterly sounds more likely with most of the profit reinvested.

I just put another buy order in. I've convinced myself.

Let me know of any negatives you see.

Expand

Well the obvious negative is that RXP have been promising a dividend for years....so far just a whole lot of talk

i.e.
28/08/2013:
http://stocknessmonster.com/news-item?S=RXP&E=ASX&N=393857
"Based on forecast cash flow from operations, the company will consider beginning our dividend policy in the first half of calendar 2014"..... lol

RXP Price at posting: 53.5¢ Sentiment: Hold Disclosure: Held
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