For three years Ross has been promising the same old story: cross selling, operating leverage, strong cash flows.
It is fair to say he has not delivered. The share price is now 20% less than the 2011 IPO price (50c)
The dividend flagged a couple of years never eventuated.
There has been the strange capital management strategy.
When RXP came along it was presented as a new innovative, fresh player in the ICT world. Turns out it is subject to the whims of the economy and client deferrals, just like most other average ICT plays.
I, for one, have stopped listening to the Ross promises.
Probably think it is time for a new face at the helm to try and restore some credibility in the market.
RXP Price at posting:
37.5¢ Sentiment: None Disclosure: Not Held
