Expect RCR to trade high on the back of a fairly pleasing full year report.
(refer ASX Announcement)
Positives:
1. Gearing drops from 245 to 21 %
2. Revenue up from $518m to 4589m
3. Order Book up from $170m to $245m
4. Payment of 2.5 cent final dividend
5. Introduction of DRP scheme
4. Also look good on a chart
Negatives;
1. Drop in profits of 22%
Market could start to re rate this stock in the short term. Worth a little research.
Regards
Buffett
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