They must be doing something right for their market share of Australian Trademark applications to be holding up better than anyone else. Sortify seems to be delivering on that front. Asian patent applications now 16% of total group. Good to see them competing and winning in Asia.
IPH has a PE of over 19, and a dividend of 3.8% - much bigger business, greater presence in Asia, but revenue in Australia has been falling for a few years - about $500m revenue QIP has PE of 9.6 with dividend of 7.6% - about $130m revenue
Some messaging on costs from FPA head, but the focus of DCC appears to be on growth, which probably means NPAT will not rise at the same rate as market share - at least initially. More risk in smaller business compared to IPH, but more potential also.
QIP Price at posting:
85.0¢ Sentiment: Hold Disclosure: Held