Due to the nature of IT business I am very confident that cash flow will be markedly better in H2 than H1. It still has a lot to prove however.
A redeeming factor for the share price is that it clearly is not implying much, if any, confidence of even a decent result.
Some of the best companies on the ASX only make 3 or 4 announcements a year - while RXP IS NOT one of these, it should stand to reason that no news is not a reason to flip the bed. It is clear that the acquisition spree has been halted while RXP is unwilling (and likely unable) to raise capital at subdued levels. This will give us a look at a clearer set of FY15 accounts to see how the integration processes are travelling.
RXP Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held
