re: Ann: RXP Acquires Integrated Value and No...
From same report:
“As seen below, our DCF valuation (not used) results in a similar valuation of $1.08ps. Interestingly, if we assume the company can reinvests the cash proceeds at its cost of capital (11%) our valuation increases to $1.26ps”
“The company has an offshore presence in Hong Kong (24 FTE) and as part of the initial agreement with Indigo Pacific, the company maintained the relationship with its Malaysian back office which assists with application development and code testing.”
“Key clients are typically Tier Two and SME’s, however the company boasts a list of Tier One clients including HSBC, Department of Defence, Telstra, SEEK, TABCORP, Woolworths, NAB, CPA, Super Partners etc”
“Jul-12 PL Consulting 1 Peter Lammer was former head of delivery manager for SMS Management. The firm is domiciled in Hong Kong with a long list of enterprise clients (including HSBC).”
http://www.smsmt.com/About/Investors/Financial-Reports/SMS-Annual-Report-2007 see pg 15
http://www.smsmt.com/getattachment/32f1a1eb-8465-482f-b98f-cf25e7a2ed76/Investor-Presentation,-Financial-Results-for-the-f.aspx see pg 16
From Investor presentation:
“Maintain focus on targeted acquisitions in Australia, Hong Kong and Singapore.”
“Strengthened Executive team with the addition of Jason Young, Ramon Ali, Brad Taylor, Tim Moon and Ben Meek”
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01436376 see pg 31
Readers must note from report:
“Canaccord Genuity or one or more of its affiliated companies intend to seek or expect to receive compensation for Corporate Finance/Investment Banking services from the relevant issuer in the next six months.”
RXP Price at posting:
74.0¢ Sentiment: None Disclosure: Held
