Ann: Change in substantial holding, page-5

Well, there's a few well known fund manager's with egg on their faces by buying ISD at very high prices. Some have doubled down after the SP collapse's of which there have been a few and many have had to sell out due to index changes and mandate changes. So the ones remaining have been holding/buying and inserting their people on the Board. Everyone now waiting for evidence of stabilization of revenues and some green shoots of growth over the next 12 months, especially Asia, as the cost out and automation program is implemented.

Some insights from fundies:

https://www.livewiremarkets.com/wires/turning-bullish-on-isentia-a-turnaround-worth-investigating

And Spheria/SEC, though not sure when this was published:

https://spheria.com.au/makes-no-sense-pigeon-holed-growth-value-manager/