For FY16 company provided guidance of $105m and upgraded to $120m in February before reporting an actual revenue of $127m. They exceeded their updated guidance in excess of 5%.
FY17 guidance has been set at $146m (127*1.15) of which $70.6m was obtained in the first half. So any revenue over $75.4m for the 2nd half will exceed guidance. In FY16 2nd half they received $71.3m meaning guidance is currently forecasting only 5% revenue growth for the second half. Some HotCopperites identified this and expressed concerns that second half revenue would be flat. Given this recent forecasting of yet another 10-15% revenue growth for FY18, I feel the company has confirmed that this won't be the case.
My conservative numbers are with the company exceeding guidance by at least 4%:
FY17 first half = +26% revenue growth (ACTUAL)
FY17 second half = 15% revenue growth (ESTIMATE)
71.3*1.15 = $82m
$82m + 70.6 = ~$152m revenue FY17
Also expecting raise to 3c dividend to bring total to 4.5c for FY17.
Company will sell itself on Monday.
RXP Price at posting:
81.5¢ Sentiment: Buy Disclosure: Not Held
