Ann: Q2 FY19 Sales Activity Update, page-2

Steady as she goes ... not shooting the lights out but seems to me like good, steady growth.

I estimate RDF would need $30M in 2Q revenue to breakeven for the half (they achieved $27M 1Q).  I’d guess that would be a stretch but at these steady rates of growth, should get there over full year tho.  Likely need a major contract win (TCV $20M+) to lift the SP back to 60c before then.

My sentiment is ‘buy’ but I’m happy holding as I’m already above my target weight.