Patent business IPH reports its Full Year (FY) numbers next Thursday and after trading sideways for basically 3-years we will be looking for any catalyst from its earnings that may take the shares higher into 2023. The stock is not overly cheap trading on 21.2x Est 2022 earnings but a sustainable 4.15% yield makes patience easier – a candidate...
Intellectual property services company IPH rallied +5.6% yesterday making it the 7th best on ground after reporting FY21 earnings - the headlines were average with revenue down 2% to $363.5m and NPAT also 2% lower at $54.8m. However the company was able to deliver consistent earnings through the pandemic which is no mean feat, moving...
Companies reporting today on MM’s radar include:
ASX (ASX) FY21 Results: Expectations for revenue of $941m, EBITDA of $681m, NPAT of $474m (down 7.6% on FY20), EPS of $2.45, FY Dividend $2.21. Market currently pricing NPAT for FY22 of $485m, a jump of ~2%.
Intellectual property firm IPH has been catching my eye over recent weeks and yesterday it tested its 2021 high, a part franked yield ~3.6% is clearly attractive to many in today’s environment.
IPH Limited is an Australia-based holding company. The Company provides intellectual property (IP) services in the Asia-Pacific region. It offers a range of IP services and products to a diverse client base including companies, multi-nationals, universities, public sector research organizations, foreign associates and other corporate and individual clients. It operates through three segments: Intellectual Property Services Australia & New Zealand; Intellectual Property Services Asia, and Adjacent Businesses. It operates an intellectual property services group, comprising a network of member firms working in eight IP jurisdictions and servicing more than 25 countries. The group includes AJ Park, Applied Marks, Griffith Hack, Pizzeys and Spruson & Ferguson, and the autonomous timekeeping business, WiseTime.
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