I thought the half year result was solid and proved RXP are progressing their strategy. Margins are down, but I suspect there are some one offs in there that have impacted. Results IMO are not as bad as some think.

However, FY minimum guidance of $7.8m EBITDA is so far short of the $9.6m consensus estimates, so it is no longer going to be a brokers favourite. There is some acquisition upside, but all these acquisitions are starting to make me nervous.

I reduced my holding today, and no longer have RXP as a core hold