RXP down today....., page-16

Chart looks more bullish on the Daily Timeframes now with those two hammer candlesticks forming.

I also exited after the 1H17 announcement as the earnings growth profile for FY17 looked relatively flat. It also seems odd that management are guiding for FY18 results; it looks to me as though they've just extrapolated FY16's EBITDA margins and sales growth when providing guidance.

Nonetheless, Pie have remained substantial which has to count for something as i read that they've recently rebalanced their holdings using a more stringent approach - it would appear RXP's passed the test.

Am considering re-entering, if management can show further traction in the FY17 results and reiterate guidance then i can see this pushing above $1.