XIP has traded so poorly for so long the market will take some convincing.
Having said that, if the QIP/XIP merger were to proceed then XIP would be worth $1.94 at the current QIP price, and together with the fact that IPH bought $33m @ $1.85, it is a bit bewildering.
Ann: IPH: IPH announces acquisition of a stake in Xenith IP Group, page-8
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