Media Releases

RLO stock of choice for telecoms exposure
Friday, 23 November 2001

Reunert RLO

RLO has triumphed again with yet another set of commendable results for the year-end 30th September 2001. HEPS increased by 25% with 7% of this growth attributable to the share repurchase programme. On a divisional basis, Nashua Mobile grew subscribers from 220 000 to 250 000, the Telecommunications division disappointed with revenue down 5.9% but going forward Cell C contribution could show strength. Panasonics operating profit margins improved by 28% on flat sales and the Defense division was the weakest performer with margins down 7%. RLO trades on a DY of 5.8% and on a forward PER 8.5 and earnings are expected to continue to grow at 20% for the next couple of years. RLO is our stock of choice for telecoms exposure.