why the sell off? No volume admittedly but a remarkable 25% collapse in the SP.
I would have thought the annual report was good or as expected. Recurring revenue up 46%, increasing profits and a positive outlook forecast. The management appear quality and pro shareholders. The only negative that I can see is the founding shareholders reducing their holdings. But this is a focussed company in expansion mode and profitability is likely to drastically improve. A top 300 ASX company ambition too.
RFL Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held