Finally started studying up on TA a few months ago, just from books in the library. After a few careful tries I had a ruthless cull a few weeks ago, and RXP was one of its victims. Sold it at 59 cts. That obviously paid off.
Strong second half growth over pcp – up 26% in both revenue and profit
$25 million Westpac acquisition debt facility put in place
Maiden dividend of 1.25cps, fully franked, paid on 9 October 2015 RXP Chief Executive Officer Ross Fielding commented:
“The 2015 financial year produced solid growth across both revenue and profit before tax (PBT). It wasparticularly pleasing to see momentum build in the second half with growth in both revenue and PBT ofover 26% on the prior corresponding period.
“Our team continues to grow, our specialisations continue to evolve and the work we do with clientscontinues to grow in terms of size and duration.”
Outlook for the 2016 financial year:
Forecasting revenue in excess of $108 million and PBT margin in the range of 13–14%
Continue to see a strong pipeline across our specialist practices
Q1 revenue and PBT numbers were strong, providing a base for a solid first half result and positiveoutlook for FY16
Good organic growth so far (30+ people), with utilisation in line with plan
Integration of both EV and 10collective into RXP going to plan – we look forward to capitalising on the added opportunities these will bring
Investment in, and evolution of, “RXP Solutions and As A Service” offerings will continue
Progressive dividend policy now in place
I sold a while back,watching again.
Last edited by Joshuatree; 23-11-2015 at 04:38 PM.
Thanks noodles. Do you have any thoughts on the competence of their management (particularly from point of view of someone in IT)? I see that as particularly important with 'roll-ups' for obvious reasons.
Thanks noodles. Do you have any thoughts on the competence of their management (particularly from point of view of someone in IT)? I see that as particularly important with 'roll-ups' for obvious reasons.
Thanks again noodles, you're a star. Have a much better feel for the philosophy of the company and rationale behind all those acquisitions now. RF also seems like the kind of 'level-5 leader' (in Jim Collins' language) you want to invest with.
Thanks again noodles, you're a star. Have a much better feel for the philosophy of the company and rationale behind all those acquisitions now. RF also seems like the kind of 'level-5 leader' (in Jim Collins' language) you want to invest with.
Yes I too found the interview extremely interesting,and informative.
Thanks Noodles for the link.
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