Solid result with improvement in all the key metrics. Be aware...

Solid result with improvement in all the key metrics. Be aware the FY17 eps of 8.3c is prior to the addition of 21m shares in August which is dilutionary. Nevertheless, the acquisition is earnings accretive from day one and fits well with RXP strategy going forward.

I particularly like the firms strategy to entrench themselves more deeply with clients. Done well this makes the IT firm with all its digital implications virtually indispensable to the customer and ensures longevity and repeat revenue over many years.

At 87c RXP not expensive when compared with peers and esp when combined with a confident forecast from management for FY18. Divs of 4.5c ffr adds to the attraction.