Disgraceful from RXP management: In November they noted: "RXP is...

Disgraceful from RXP management:

In November they noted:
"RXP is forecasting strong revenue and earnings growth in FY15, with the PBT margin expected to be similar to that achieved in FY14. The Company also expects solid growth in earnings per share over FY15.
......We are pleased with how RXP is trading in FY15,"

they are now "disappointed' and have now guided for EBIT margins of 7% in H1 and 13% for FY (versus 17% for FY14....so 25% lower now)...surely RXP would have known more than 2 days before Xmas that there would be project delays. With literally 2 days of billable days left to the end of the year, they now realise they are going to be $2 mil short!! yeah right. either they have NFI as to what is going on internally, or there have been some major project cost overruns that they have now identified and that they are trying to cover.

Being generous I guess you could say this is yet another emerging small cap stock suffering growing pains, however, in my view, Management has now had 3 years to prove they can get some decent growth from this model. 3 years is long enough in my books, and today is confirmation they have failed.

Sold my last remaining  RXP  today