Ann: Trading Update, page-21

So, here we are few days before the HY report, SP has shed off few more cents of late, and I have been adding more shares to my already large Holdings of RXP in my portfolio.

Regardless of a possible bias and blind compulsion on my behalf, this is what i see, when i dare to spread the Numbers given in the last update by the company. I will use the lower estimate.

THE NUMBERS : REVENUE for FY = 162 MIL 44/56 Earning SPLIT. EBITDA margins 14.6%

162 x 0.44 x 14.6% = Ebitda of 10.4 mil for 1HY

Next calculation of EPS , assuming NPAT is 60% of Ebitda (from previous years), and we have 160 mil shares on the registry.

Ebitda of 10.4 X 0 .60 : 160 = EPS of 3.9c for 1HY and Maybe a DIV of 2.0c in March

I have looked through EMPIRE ( EPD) HY Report this morning, saw the SP going up on the results and decided to BUY more shares in RXP.