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RHP, RHIPE LIMITED
nipper
post Posted: Apr 29 2021, 06:23 PM
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In Reply To: nipper's post @ Feb 16 2021, 07:02 PM

As a result of the strong performance in the third quarter 3Q21, rhipe expects its full year operating profit for the financial year ending 30 June 2021 to be in excess of $18 million ahead of previously disclosed guidance of $17.5 million. This operating profit guidance excludes any changes in market conditions.
QUOTE
In addition to the solid financial results, rhipes 01 April 2021 acquisition of cyber security distributor, emt Distribution, is expected to complete on 30 April 2021. The acquisition strengthens rhipes presence in security software distribution and will expand rhipes offering to the enterprise market, providing a full spectrum of security solutions from a wide choice of vendors to both our existing and new Partners.

emt is an Australian headquartered cyber security distribution specialist that focuses on sourcing innovative security software vendors and working with channel partners, to deliver both on-premise and cloud-based security solutions, aimed at protecting companies against cyber security attacks. emt has operations in Australia, the Middle East and Asia, with 40 employees and sales of $26m across these locations.

The acquisition strengthens rhipes presence in security software distribution and will expand rhipes offering to the enterprise market, providing partners with a full spectrum of security solutions from a wide choice of vendors, to help them build their own security portfolio. The acquisition complements rhipes existing cyber security software offering centred around Microsofts product stack and also the recent launch of rhipes own SMB focused encryption product SmartEncrypt.

emt was founded in 1988 and has a portfolio of over 15 security vendors that offer cyber security solutions, catering to the needs of both small and medium businesses and large enterprise companies. Services provided by emt include pre and post sales technical support and professional services.





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 16 2021, 07:02 PM
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QUOTE
rhipe delivered a resilient performance despite the impact of COVID-19 on many of the small and midsize businesses that rhipe serves across Asia Pacific. The result was achieved due to continued strong growth in Microsoft Cloud Solutions Provider or public cloud program for Office365 and Microsoft Azure. Our ongoing investments in Microsoft public cloud capabilities over the last five years has driven the growth in the Group with Microsoft CSP now accounting for over 75% of the growth in software licensing sales in 1H FY21 and 40% of total licensing sales for the Group. We continue to invest in our CSP capabilities most notably with our recent entry into the Japan market where cloud penetration lags other developed nations.


rhipe also continues to invest in our Solutions business which provides support and consultancy services to our vendors and partners. This investment is focused on expanding our technical support as a service offering, consultancy services centred on Microsoft Dynamics and investment in our encryption software product SmartEncrypt, which was officially launched at the beginning of February 2021. rhipe will continue to invest in these operations with the objective of increasing the revenue and profitability of our Solutions business.


During 1H FY21 rhipe acquired 100% of Parallo, a New Zealand-based Azure managed services business. Parallo focuses on managing the cloud environment for independent software vendors and software-as-aservice providers allowing them to focus on core product development and customer needs. The acquisition of Parallo will allow us to support the expansion of our partners Microsoft Azure capabilities to their end customers.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
JSB
post Posted: Nov 9 2018, 10:19 AM
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Trading update provided alongside provided alongside Chairman commentary at the AGM, Operating profit guidance is up 5-15% to $10.5-11.5m on the back of $2.8m operating profit announced for Q1FY19 (up 133%)

Share price up to $1.40 after consolidation in the $1.05 - $1.20 range with Shaw and Partners, Bell Potter, and Morgans lifting SP targets to $1.55, $1.60 & $1.44 respectively. Capturing strong growth in the shift to subscription service for software rather than full upfront payment but any move higher might stretch some of the multiples it's trading on (currenty ~17x EV/EBITDA and ~30-35x PE).

 
blacksheep
post Posted: Sep 21 2018, 09:47 PM
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In Reply To: JSB's post @ Sep 21 2018, 04:46 PM

Haven't followed but noticed it on this list of 30 Upcoming Dividends in October

Had a quick look - apart from the directors selling, noticed Regal & Credit Suisse have also recently reduced/taken some profits? UBS buying recently (not shorting biggrin.gif yet anyway)

QUOTE
Rhipe Ltd

Rhipe Ltd (ASX: RHP) has now sold over 300,000 Office365 user subscriptions as part of its Microsoft Cloud Solutions Provider (CSP) public cloud program. In addition, we continue to see significant growth in revenue from Microsoft’s public cloud infrastructure product, Azure.

Dividend ex-date: 4/10/18

Dividend pay date: 24/10/18

Annual dividend yield: 1.29%


Not a lot of short positions
https://www.shortman.com.au/stock?q=rhp
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: JSB  
 
JSB
post Posted: Sep 21 2018, 04:46 PM
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Anyone else following this one?

Seeing strong growth in the core licencing business as a dedicated Microsoft reseller throughout APAC. Speed of onboarding new licencing customers seems to be gathering pace. Institutional top-heavy register. (Regal, Pie Funds, Australian Ethical Investment).

Negatives revolve around recent management sell down at $1.18 and changes in remuneration policy aligned to operating profit rather than EBITDA - Management argues that operating profit is a better measure of management performance as it excludes one off items outside of their control (currency fluctuations, etc), but shareholders are still subject to them.

 
 



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