RXP 5.77% 27.5¢ rxp services limited

Ann: RXP AGM Presentation, page-10

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  1. 446 Posts.
    lightbulb Created with Sketch. 98
    bought more shares today below the 79 c' mark.
    Many IT companies share value has dropped today ( DTL, MLB, DWS, EPD, OCL, CGL) a bit of weakness all over the sector.
    just an assumption, but could be a rotation in the market from one sector to another and from low n mid-cap to the top 200, now that we brook through 5850. as top-tier companies go up first, the like of BHP.

    unfortunately, no real numbers on the outlook for RXP, except for 15% FY 18 EBITDA margins, solid pipeline. further reduction in commodities work of lower margin, and the positive look on the newly acquired digital segment and the expansion of " the work" into Melbourne.

    I hope this weakness in share price is temporary, I firmly believe in the story and the expansion into the DIGITAL services as the way for future growth and margin expansion.
    I buy on weakness and sit back, go for a swim or a walk and as time goes by we may realize that all is good.
 
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