There's much interesting information re this highly complex area.
Good to see continued growth in the number of patent and trade mark applications.
However on page 24, while there's mention of 'continued organic revenue growth' and 'margin improvement', there's no dot point re improved NPAT or other measures of direct interest to SH such as a possible rising dividend.
What about positive cashflow? It says 'cash conversion' is expected to 'normalise'.
I "get" that it's a people business with retention of talented staff being a priority, as without intellectual capital, the business has a dim future. Therefore it's pleasing that QIP claims it's doing OK on this important metric.
This by the way is the second of similar events in about two weeks. Good to see QIP promoting itself but two events in quick succession must take up a fair amount of management time.
The SP is not far short of having halved since January 2019.
