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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).

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)

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
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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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