RXP - RXP Services Ltd

[Joshuatree]

Yep very nice. New S/P high 93.5c atm
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levin; ASX announcements is where its at.

[levin123]

Ah okay thanks, silu's comment came through before the announcement.

If you don't already you should use the ASX app to get push notifications on your phone when announcements in tickers you are interested in are made. You can choose up to 10 at a time.

[Joshuatree]

ASX always releases first; there is a delay of 20 min for most other sources; sill's announcement came out just after the ASX release.

[DarkHorse]

Update repeats FY results. Outlook for profit at "top end of revenue growth guidance of 10 to 15%"

[Joshuatree]

A new 10 year high today hitting $1. Hope it holds

[silu]

HY out: Highlights:
H1 FY17 key highlights
 Revenue up 26% to $70.6 million (H1 FY16: $55.8 million), driven by strong growth in digital
 EBITDA of $9.2 million, up 31% (H1 FY16: 7.1 million); EBITDA margin of 13.1%
 EPS up 35% to 4.2 cents
 Continued growth in operating cashflow, up 39% to $7.4 million (H1 FY16: $5.3 million)
 Interim dividend of 1.5 cps fully franked (H1 FY16: 1.00 cps), payable 4 April 2017

Seems like a very good result which makes the weakness over the last few weeks a bit puzzling. Thoughts?

[Joshuatree]

Looks like another great result to me but can't remember mkts expectations. Very confident outlook re FY. Div up 50%.

• 
  
  Commenting on another set of great results, RXP Chief Executive Officer Ross Fielding said:
  “The RXP team has again produced a very strong set of results over the first half of FY17. Our team has againworked hard, delivering growth across all metrics, and we remain on track to deliver at the top end of our initialFY17 revenue guidance. The RXP story continues to grow and mature and we have been able deliver terrificoutcomes for our clients.
  “The ongoing evolution of digital technologies continues to provide RXP with a platform for strong growth,with project-based, outcome-focused work driving the business forward. Our focus on ‘design thinking andinnovation’ has resulted in new client and project wins, including a number of ‘cross practice’ digital projectwins during the half. It’s pleasing to see that we have been able to maintain the evolution and expansion of ourspecialisations in order to meet the changing demands of clients.
  “We are really excited about the RXP ‘Experience Hub’ that recently opened in January, with clients alreadyleveraging our ‘design thinking’ capabilities. By providing an innovative, user-friendly environment for ourclients to work with us, we are able to better understand their needs and provide the right customised solutions.
  “We have also been able to implement a range of people initiatives including Diversity@RXP (which isfocused on building a diverse high performing team), partnering with BeyondBlue (to provide resiliencetraining for our staff), and development of new leadership coaching programs (focused on building leaders ofthe future). By focusing on our people, we aim to drive long term growth and client satisfaction.”
  

[silu]

With their FY guidance on the top of their +10-15% expectations and EBITDA margin of 13-14% their PE seems ridicously low for their growth (and they are paying a dividend). Probably getting a little bit dragged down by the whole sector. Very happy to continue to hold RXP.

[percy]

I only had a small holding brought at 55 cents,so doubled up at .9750 cps.
My buying is the cause of the weakening sp.!
eps growth of 35% compared with current PE of 12.37,and paying a divie .!

[Snow Leopard]

I now own nearly twice as many as I did when I last posted.

This does look to be a somewhat undervalued company.

Best Wishes
Paper Tiger