RFL 0.00% 16.5¢ rubik financial limited

why the sell off? No volume admittedly but a remarkable 25%...

  1. 408 Posts.
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    why the sell off? No volume admittedly but a remarkable 25% collapse in the SP.
    I would have thought the annual report was good or as expected. Recurring revenue up 46%, increasing profits and a positive outlook forecast. The management appear quality and pro shareholders. The only negative that I can see is the founding shareholders reducing their holdings. But this is a focussed company in expansion mode and profitability is likely to drastically improve. A top 300 ASX company ambition too.
 
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Currently unlisted public company.

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