XIP - somethings going on?, page-25

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MikeRowcap

1,867 Posts.

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05/10/18

12:07

Post #: 36010881
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Originally posted by nickle233 ↑

Thanks Mike, yes I'm only new to XIP so haven't been burnt yet - invested just before it went ex-Div in Sept to grab myself a little dividend.

However, the reasoning for my investment in XIP is:

1. Great full year profits compared to pcp;
2. Strong NPAT for it's small MC, with good growth prospects;
3. Seemed to have turned a corner since it's ugliness of October 17 and looks like the issues are ironed out now;
4. Is now in a general uptrend since July 18;
5. Brokers suggesting a $1.80 valuation;
6. Was a previous MF Hidden Gem recommendation, of which they provided research as to why the underlying business is strong and the share price will eventually recover from the Oct 17 crash - which it is clearly starting to now;
7. IP is becoming more and more valuable in today's innovative world, so companies like this are only getting busier;
8. Doesn't seem to be anything on the horizon that would have a negative impact on the SP.

If they can beat their latest results in their next half yearly results, which they should do, we should see it get back towards $3 at least, which is only a MC of around $270mil

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Some good points there.
I have an E/O sub with MF and did subscribe to SA for a few years but haven't acted on any of Anirban's recs. I've never joined Hidden Gems.

Who knows maybe I will look to recoup some losses in the future here.

Best.

XIP Price at posting: $1.52 Sentiment: Hold Disclosure: Held
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0 Great analysis

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