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.
RXP Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held