The recent history of RXP is that on 5 Nov last year RXP Management announced a forecast of strong revenue growth and solid growth in earnings for FY 15 over FY 14; SP was $0.61. On 22 Dec 14 they rescinded that guidance and said FY 15 profit would be similar to FY 14; SP crashed to $0.35 in early 2015.
Move forward to the actual FY 15 result; Revenue up 42% and NPAT up 12.4%, in line with the 5 Nov Guidance and a maiden dividend; SP was $0.555....now the SP is $0.515.
The extreme volatility has sucked all of the momentum out of this stock; SP should be .?.???
RXP Price at posting:
51.5¢ Sentiment: Hold Disclosure: Held
