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RHP - Rhipe Limited

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OK - must start out by declaring an interest in this stock - I do own shares in this company - please do your own research!!!!

I came across FRR a few weeks ago and starting building a stake - normally I'm a trend trader but this one caught my attention for fundamental reasons. It has been around for decades (although only listed in march last year) and has really good financials as well as paying an annual yield of almost 10% fully franked! I studied it for quite a while and the reason I think the yield is so high is because the market is only factoring in one div (it has only paid one since floating - the other only being declared today) - giving it a yield of about 5% - but when you factor in the second div it comes out at about 10%.

The only real negative I could find (and it is a serious one) was that one of their major contracts (with coles) is due for renewal in march and if they lose that - their income for 2007 onwards would take a hammering! I think this risk is fairly small but it is still there!!!

Management seem to be recognising that they are really reliant on two main contracts and are now starting to diversify by buying bolt on businesses. This seems to be working - but is still a bit early to know for sure.

From a technical point of view it has been up against the 80 centish barrier for quite a while and broke through it today (on the interim profit announcement) so things are looking up.

Anyway - one to research and would be very interested in anyone elses thoughts on this company.

PLEASE NOTE: I own shares in this company - please do your own research!!
 
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Re: FRR - Frigrite Limited

Well I work for coles as a dairy manager so can shed some inside info,

1) Having contracts with coles is really crap, they will force the price down so low with so many conditions that it really is hardly worth while doing business with them.

As an example the contract for collecting/maintaning trolleys at the centre I work at is valued at ~$2000 a week which includes collecting them when dumped several km's away etc. This centre is a rather large one and the contractor has about 4 people (fulltime) on the books plus has to maintain a ute and trailer. If the trolleys are empty we are entitled to make a claim (I think $50 per occasion).

2) I personally don't think much of their technicians. (in hindsight I wish I had done an apprenticeship with them) All they ever seem to do is bandaid any problem that comes along. This may seem good on a profit side of things but bear in mind that they are paid a fixed price no matter how many callouts they attend.
 
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Re: FRR - Frigrite Limited

These guys may no longer be profitable, I'm glad I sold earlier.
Never going to buy a >10% dividend stock again.

From the announcement yesterday...
Frigrite now further revises its expectations for the 2008 full year financial result, down to an
underlying EBIT outcome of between a loss of $1m and a profit of $0.5m,
 
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Re: FRR - FRR Corporation

Something is going on with the price, enthusiast newbie/bot maybe? Some fud/rumours floating about equity fund/rebirth? The mining camp purchases don’t seem to lead anywhere, establishing new mines/camps in the current environment seems unlikely.
 
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Re: FRR - FRR Corporation

Something is going on with the price, enthusiast newbie/bot maybe? Some fud/rumours floating about equity fund/rebirth? The mining camp purchases don’t seem to lead anywhere, establishing new mines/camps in the current environment seems unlikely.
FRR Corporation dives into the clouds with acquisition

Source : http://www.proactiveinvestors.com.a...-into-the-clouds-with-acquisition--50871.html

Frost & Sullivan: Greater demand for cloud services to be driven by need to reduce IT spending in weaker economic outlook for Australia in 2014

Source : http://www.frost.com/prod/servlet/press-release.pag?docid=284458752
 

System

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Re: FRR - FRR Corporation

On April 9th, 2014, FRR Corporation Limited (FRR) changed its name and ASX code to Rhype Limited (RHP).
 

System

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On December 9th, 2014, Rhype Limited changed its name to Rhipe Limited.
 

greggles

I'll be back!
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Anyone have thoughts about Rhipe as a business?
If you'd have bought in when you posted you would have done very well for yourself. Rhipe Limited has risen from 34c in June 2017 to $1.265 today. It has gapped up this morning and is looking like a breakout.

They released their Unaudited FY18 Financial Results today and they seem to be growing the business very well indeed.

RHP is one of those companies that you wish you'd seen the potential of when it was much cheaper, but didn't. :(

screenshot-www.aspecthuntley.com.au-2018.07.26-11-06-44.png


big.chart-RHP.gif
 
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Growth could continue in the near term due to contract wins such as Microsoft Kiwi public cloud program and also due to introduction of dividend payments. Dividend was increased too compared to the first one.

upload_2018-7-28_1-16-39.png
 

rnr

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RHP re ASF 2019-05-25.png


Current ATH since 2014 is $2.48 established less than a month ago and hit 3 time during last week.
Where to from here? Will price break above the ATH or fall back to the $2.00 mark.
 

galumay

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Its certainly priced for stellar growth currently, my range of value based on the guidance for FY19 is under $1, so lots of future growth priced in. At least its debt free and being so capital light the earnings drop straight thru to free cash flow.
 
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rnr

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RHP re ASF 2019-06-09.png


Since the May 26th post, price has moved down to make a double bottom @ $2.01 on June 4th rejecting a further move lower at that stage. Friday's close was $2.29 which is $0.19 below the ATH.
 

Ann

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@rnr I had a look at this on EOD, does this look like a potential Broadening Wedge forming to you? I see the Twiggs Money Flow on your chart shows a falling away from that first high at the end of April. This suggests it might have the potential for a bearish outcome? I also note the 50dsma appears to be offering support but the 21dsma may well be a resistance, although the previous price levels don't appear to be too responsive to the 21dma set on simple. Your thoughts?

rhp 7.6.19.png
 

rnr

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Hi Ann,
Given the different methods we choose for charting, the patterns you have drawn on your charts would be totally different if they were drawn on my charts For example where you see a Broadening Wedge I see a Rectangle. As to the question of support and resistance I would have to, at this point in time, refer you to the High (resistance) & Low (support) of the rectangle.
Cheers,
Rob
 
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Another stock that is trending well for me.

Bounced of support and was trending up over the last few days. Small bump in road today (hopefully) and will continue to shoot for $3.00

upload_2019-11-18_18-26-12.png
 
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tinhat

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I bought into this a few days ago. Resistance around 3.10.
 

rnr

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RHP re ASF 2019-11-21.png


I'm just not getting this and I'm failing to understand the logic!
I see today's report as distinctly positive and yet price was marked down by approximately 11.27%.
My estimates of resistance are: level 1 @ $2.40 & level 2 @ $2.01 and yet we see RHP closing @ $2.44 after a day of positive announcements.
????
 
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2 x green days in row....phew!!

Hopefully the bottom has been found and we can have a go at $3 ( well maybe 2.40 then 2.50...you get the picture :p )

upload_2019-12-16_13-40-47.png
 
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