Firstly I was shitty with RXP Management for the tardy way they dealt with yesterday's AGM announcements but I make the following observations:
1. None of yesterday's announcements were deemed price sensitive so we have to read them with the FY Results as follows:
2. The AGM pres said they were managing the revenue mix which I interpret to mean they are NOT hiring new people to undertake this kind of work therefore revenue is not at risk
3. The Works integration is proceeding satisfactorily
4. EBITDA Margins remain at 15% (and, for me, this is the MOST important factor)
All of this means. for me, the Outlook, above, is confirmed.
RXP Price at posting:
80.0¢ Sentiment: Hold Disclosure: Held