Hi Pardner, I have read with interest the various comments in this thread. Your analysis I think really hits on the critical issue. The company has had a recent history of over-promising and then under-delivering. The share market hates that and consequently the share price has been harshly dealt with. It will take a while for the company to build credibility and to do that, it will need to post some solid results. I am just revisiting my own analysis of RXP's recent results and have recently spoken to their investor relations officer trying to get some comfort about what might really happen in FY2020. It's a tough one, on the face of it the stock looks cheap, but it is cheap for the reasons that you have outlined. The question is, has it changed?
RXP Price at posting:
50.0¢ Sentiment: None Disclosure: Held