on the 25th May - this was in QIP's trading update:
"In its first half results presentation, QANTM noted the historic seasonality in its service charge
revenue and the softness experienced in the first half in its legal and advisory services. In the
period from the first half results to 30 April 2017, QANTM has experienced the following key
revenue trends:
legal and advisory service charges have remained below the prospectus forecast level;
patent prosecution revenue, which was expected to increase this year following strong
filing numbers in recent years, has fallen behind expectations and the company has seen
an unexpected decline in activity. Leading indicators of patent case progress suggest this
decline is a timing issue in the ongoing prosecution of patents and that this shortfall
should be made up in future periods;
as also noted at the half year, there has been a slight weakening in Australian patent
filings versus the last corresponding period (consistent with the market). This has partly
strengthened but remains below the level forecast in the prospectus."
So would be interesting if the current weakness in GH is due to similar reasons to QIP's weakness.
Enough rambling from me.
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