2014 P/E of 10x isn't bad value at all. Growth is baked into 2015 results as well because of the calendar impact of acquisitions in this FY that only count for part of this year. On top of that you can add the 20% organic growth that the business is currently growing at.
It was a shame the last cap raise changed the sentiment on the company, however the numbers won't lie. 2014 will be a year of modest EPS accretion, while the acquisitions done this year will set 2015 up for solid EPS growth.
RXP Price at posting:
64.0¢ Sentiment: None Disclosure: Held
