I have a slightly different perspective about RXP...
I bought my first parcel of RXP in early 2013; 20,000 shares at $0.54. I recall that what caught my interest was their growth by acquisition strategy that resulted in successive increases in revenue and profit announcements. My perception of those times is that the market has never embraced this company and that it would take days, if not weeks, for the SP to reflect the positive revenue/profit announcements.
Then came the AGM November 2014 "set the sales for growth" ramp and the December Trading Update smack. The key upshot of this was the market seemed to completely lose confidence in RXP management and the SP crashed to the low $.30's.
My perspective at the time was that the Trading Update reflected a timing issue only and no business was lost. It was a terrific buying opportunity and I went for it "with my ears pinned back"!!
It is worth noting that RXP actually achieved the 2015 full year profit performance outlined AGM November 2014 presentation. I did my numbers and called the Dec 15 performance prior to the announcement .....
It is worth noting that the projected 2016 FY performance outlook will be revenue and NPAT both up 50% vs pcp.
My perspective is that RXP is, at the moment, an excellent investment; it has been my 3rd best! Other than a couple of glitches management has performed well and, my view, will achieve the FY performance stated above.
...but the market doesn't like it!!!
RXP Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
