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Ann: Roadshow Slide Presentattion FY22, page-4

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  1. 379 Posts.
    lightbulb Created with Sketch. 38
    Well said.
    The R&D spend across both divisions looks to be a larger % of revenue than previously (including the Accountancy division which has been sold).
    I was surpised at no divvy. Though perhaps this was factored into the special divvy.

    Also no reference on the recent price increases since Jan-1. I would have thought this was a key item for their slide deck?
    I'm happy to hold - I rate mgmt highly, and fairly defensive earnings/user base.
 
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