Any lift in earnings is welcome as is the kick in the share price.
Didn't quite make double digit growth in EBITDA but not far off with more growth to come.
From $8.4 m EBITDA for the half, there is still a lot of headroom to the original combined business forecast of $25.5m PA .
The numbers I like at the current share price are the P/E ratio of 9.76 compared to market which is at 14.47 and the sector at 23.75.
The price to sales also augers well for a big lift in share price when the hic-up is forgotten if consistent performance emerges. 0.62 compared to 2.82 and 4.53.
RXP seems to be undervalued on all measures plus paying a 6.4% fully franked yield or 9.1% before tax.
RXP Price at posting:
54.5¢ Sentiment: None Disclosure: Held
