I asked for my own post to be deleted as soon as I realised RXP might open lower than i anticipated i.e. around 77c. But it jumped juuust before the open. 82c day's high with huge vols. Maybe small-cap funds are climbing in. Here is my deleted post:
Another fantastic result from a small-cap company in the IT sector.
Rev up 61%.
Underlying EBITDA up 71%
U. EBITDA margin increased by 33% to 14.3%. That's a big jump!
OCF more than doubled.
NPAT up 131%!
EPS of 7.64 cents up a MASSIVE 127%
Pleny cash on balance sheet.
Almost zero debt.
Even better the outlook statement sez:
'Expect solid OCF to continue in FY17'
Revenue to grow by 10-15% in both FY17 AND FY18'.
And for me the key is: Sector (i.e. macro) "remains VERY strong".
Brilliant little company kicking plenty goals in its (growing) niche. Did well in IH16 and even better in 2H16.... with more to come.
RXP Price at posting:
79.0¢ Sentiment: Hold Disclosure: Held
