Clearly management hasn't been perfect with this one. The software spend was not revealed until FY results and took everyone by suprise.
With that said, it is clear that emotions are again running hot with RFL. The market took the valuation waaaay to high on the run up..and is now doing the same on the blow off. Despite the setbacks, their is still some solid underlying recurring revenue streams that RFL is building. Once the acq and integration costs are finished and the segments are operating at full tilt this will have much cleaner earnings and EPS will look alot better. I expect that by then the sentiment towards RFL will be pretty cheery once more.
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