>PATIENT

>PATIENT <. sorry to disagree. I am a true believer in the IT sector, I do have a large holding in RXP
I also hold MLB, DWS, and DDR that are related to this industry,

I wish I have bought TNE a few years ago at $1.00, as it is the best in the sector in myo (hence the high PE).

they all enjoy high cash flow, and therefore the unique ability to purchase and amalgamate new and up and coming new trending technologies. low working capital demand. high cash return to share holders in the form of a dividend ( 100% franked).

the business world and the public are spending more and more on high technologies, apps, software etc,,, someone has to be there servicing and connecting this ever changing landscape. for me, the IT sectors is a booming industry yet to be recognized by the investor.

RXP or any other IT comp that service a solid and large clientele, benefits from the very fortunate position which they can leverage and introduce to their clients these emerging aspects of new technologies and services, they are already trusted by the customer and have built confidence, now it is up to a good management to steer the business in the right direction.

RXP is a new comer to this sector, only a few years old and has emerged by acquisition. it does take time to create a trusted brand or a name in any industry. they did struggle in the beginning at the end of 2014, in relation to earning relaibilty, that was early days. I am aware that The market is a bit hesitant towards them, so here we are traveling on less than 10 x earning multiples. maybe one day they will be re rated to
a higher earning multiples, that will be nice.