Ann: RXP Results Announcement, page-23

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mac 4218

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22/02/18

15:21

Post #: 31261666
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Originally posted by afterlife ↑

Ross Fielding is an Optimistic, what it means for shareholders is that he over promises and under delivers
He did it a few years ago and the share price reacted the same.

commodities work is shrinking, margins are shrinking, the entire IT sector in Australia is over competitive.

This reporting season has clearly demonstrated the downward trend with IT companies DWS, DATA 3. EMPIRE, MELB IT, and even the like of CITADEL all of them went down on the release of the report.

Most IT Comp have a down trending chart accept MLB IT, and CITADEL.

Lucky RXP has purchased "the works" to enhance work and boast Ebitda margins that have dropped this HY below 10%, Lots of catch up to do to reach 13.5%

Another good thing about integrating executives of "the works " into RXP top management is to assist Mr Ross Fielding with a more balanced assessment of reality and execute better in the future.

On 150 million revenue and 13% Ebitda margin we are now looking at Ebitda of 16.5 mil, Npat of 10 mil
and possible DIV of 2.5c , all up 4c for the year.

at 52c current SP RXP has a market cap of 83 mil, traveling on PE X8 for future earning ( on NPAT of 10-10.5 mil ) for FY18.

Although I am at huge losses, i can understand the mistrust the market placed on RXP management.
and maybe the sector in general.

I declare defeat in my own assessment of RXP. I am heading straight to the beach to wash it all off then to the humor section of HC to regain my sanity

Expand

Looks like fy 18 is likely to be EPS 6 cents DPS 3 cents. Fair to good value at SP of 50 cents.

RXP Price at posting: 49.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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Ann: RXP Results Announcement, page-23

Top Stories

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Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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Sales growth pushes Lovisa's fortunes (and shares) upwards

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MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

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Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse