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27.5¢ rxp services limited

Ann: Trading Update, page-16

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mickeebee

1,130 Posts.

51

17/05/18

18:28

Post #: 33171691
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Originally posted by DSD ↑

Bought some RXP at open i.e. 49.5c. Yes, its their 3rd downgrade but sense CEO knows he must have accuracy this last time or he's gone.

EPD and RXP very similar share # and share price.

I have RXP rev fy19 at 157m @ 13% margin = 20.4m ebitda. With SP at 49.5c EV/ebitda ratio is 90/20.4 = 4.4x.
I have EPD rev fy19 at 186m @ 9% margin = 16.7m ebitda. With SP at 46c EV/ebitda ratio is 87/16.7 = 5.2x.

Both ratios are very good and i expect SP of both small caps to do well.

RXP divs fy18 3c ffr.
EPD 1.5c ffr.

Main thing for me is both companies have recent statements stating that revenue/earnings going fwd will be significantly better. Plus EPD has a buyback each time SP dips below 45.5c.

disclosure: I hold both EPD and RXP.

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My point exactly....4th qtr perf will be verified in 3mths. And why not take a bit of a bath this yr anyway. Looking fwd to healthy divi...

RXP Price at posting: 49.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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