Most RXP investors are investment savvy - and so may hold back a little until there is sufficient confirmation not only of earnings growth - but that earnings growth can be sustained. When that's established PE expansion will follow.
Riding RXP over the past couple of years...has been interesting to say the least, but if shareholders get the chance - they might remind management there is no second chance from here. They need to stay focused and disciplined for the next acquisition. No selling off shares by directors this time. RXP is potentially a great business.
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RXP announce exceptional HY16 report., page-21
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