Ann: Half Yearly Report and Accounts, page-11

Interesting thread....concur with sentiments. As I have said in a previous RXP thread I made good money on RXP in 2013-14 and bought the November announcement of double digit growth for 2015....now in a hole!!!

Issue is to look at RXP today..... it is trading on a forecast PE of 6.3 and do I/we trust management to deliver the Guidance.!?!?!? This management team took revenue and PBT from nothing in 2011 to $56 Million and $9 Million respectively in 2014 and (if you believe the Guidance) more in 2015. Market Cap went from less than $20 Million on 30 June 2012 to $53 today (approx CAGR of 55%) even at today's share price. In broad terms they have been very successful...then made a complete mess of the Guidance in the AGM announcement.

At a SP of $0.385 it could be a great deal....only for the brave??..I'll think about it over the weekend.

Cheers