I was speaking to a friend a few days ago, he said last weeks AGM had less than a couple of dozen attendees. This just confirm my suspicion that the market is absolutely asleep on this business. Sadly, smaller caps like this one simply move lower on a lack of news.
All I need to know is the cashflow. Quarter-after-quarter these guys keep increasing revenue, staff, customers, and NPAT. This is a $1.20 business, even if the market is yet to accept it.
It's telling that no one posting here can actually pinpoint the problems with the business that is delaying (what I consider to be) the inevitable re-rate. If you think I'm missing something fundamental, please share it! Until then I'll just keep buying at below 80c.
RXP Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held
