RXP 5.77% 27.5¢ rxp services limited

yeah revenue miss from that forecast - well spotted on the plus...

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  1. 235 Posts.
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    yeah revenue miss from that forecast - well spotted

    on the plus side the ebitda margin was a nice increase from the first half

    most importantly they seem to have pulled in 7-7.5m in free cashflow for the half (higher than NPAT) which is very good news as this has been one of the concerns for this stock

    (ie they have gone from over $3m net debt to $2m net cash in the half after paying out $2.1m in divs)

    once the churn is out of the way and now with more scope for insto's to get on board this will surely get to 10x earnings pretty quick (= around $1.10)
 
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Currently unlisted public company.

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