From the AGM preso
The outlook:
Sector remains strong with digital solutions/services driving
convergence (consultancies <
-
> digital agencies) and therefore new
opportunities The Works acquisition is supporting our growth objectives
Expect growth in Digital Services revenue to continue, with overall blended EBITDA margin target of 15%
Maintain progressive dividend policy
This was the outlook from the AGM - pretty opaque, no revenue guidance which they have provided in the past. Overall the fundamentals look fine but I am already fully invested in this to consider buying anymore.
The selling is a concern with reasonable volumes going through. Mkt Cap is nearing $100m which could see further selling if breached by fund managers.
From where we were 12 months ago this stock has been disappointing, and I think the employment vacancies are a bit of a furphy. Employment numbers have decreased as the work mix has changed.
RXP Price at posting:
68.5¢ Sentiment: Hold Disclosure: Held