Run up to Ann, page-11

On 19/07 I sold my holding in RXP for 65.25c to free up cash after buying some DTL and ASZ. These are also IT stks in the 'cloud' space and both have done well over past fortnight. Alerts popped up this morn when RXP hit 66c and i've been updating myself via company website.

The RXP update on 27/07 confirms FY16 revenue at 120m and EBITDA margin at 13.5%. Lets extrapolate from 1Hfy16 to get a handle re 2hfy16.

Rev 1h16 55.8m
EBITDA margin 13.9%
underlying EBITDA 7.77m
# of shares 139.4m
EPS 4.0 cents
1H div 1.5c ffr.

Rev 2h16 64.2m
EBITDA margin 13.3%
underlying EBITDA 8.53m (up 9.8%)
# shares 140.1m
EPS 4.35 cents (up 8.8%)

So full year totals for FY16:

Revenue 120m
EBITDA margin 13.5%
underlying EBITDA 16.2m
EPS 8.35cents

With SP at 66.0 cents (my re-entry price about 30 mins ago) ratios are:
PE 7.9x
EV/EBITDA 5.72x (I've assumed net zero debt... please correct if wrong)

So compared with my other 4 IT stks DWS, DTL, ASZ and EPD (a dog)... then RXP looks good buying. Not sure why SP has slipped since hitting 71c 4 trading days ago. Anyone buying/seling/topping up at these levels?

Its a very long shot but not inconceivable RXP could become a TO target as sector is ripe for consolidation.