IRI 0.00% 92.5¢ integrated research limited

The increase in EPS is largely due to roping in expenditure,...

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    The increase in EPS is largely due to roping in expenditure, down 22%, which is a great outcome. Is this sustainable though?

    The churn is still high in collaborate, which obviously is a leading indicator. I do appreciate that management are open and honest, especially with the guidance that Collaborate churn will persist.

    On the balance of information not sure it'll warranty any re-rate, no dividend and churn persisting! I feel now is the time for the long term hold though of a clearly quality business.

 
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