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. The company recently expanded its digital & trade mark capacity through the acquisition of Applied Marks which we believe is a good deal and overall MM likes the company but the $8 region is not overly exciting, one to watching closer to $7.50 from a risk / reward and valuation perspective.
MM is mildly bullish IPH around $8
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