IRI 2.16% 94.5¢ integrated research limited

I don't understand what the concern is here. This company is...

  1. 790 Posts.
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    2017: NPAT 19m vs Op cash flows 26m
    2018: NPAT 19m vs Op cash flows 21m
    2019: NPAT 22m vs Op cash flows 21m
    2020: NPAT 24m vs Op cash flows 24m

    2020 similar as you mention. 2018-2019 reasonably close.
    2017, sure the receipts were much higher but perhaps some other underlying reason (I cannot recall).

    The cash conversion of this business is amazing as highlighted above! This is a good thing!

    I don't understand what the concern is here. This company is generating cash close to NPAT!
    FYI - slide 10 of the AGM presentation shows the difference between current model and new SAAS model.

    Not sure if there will be a chance to top up under $2 (similar to end of 2018) but lets wait and see!
    Last edited by DBrent15: 04/01/21
 
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