Thanks Mike, yes I'm only new to XIP so haven't been burnt yet -...

Thanks Mike, yes I'm only new to XIP so haven't been burnt yet - invested just before it went ex-Div in Sept to grab myself a little dividend.

However, the reasoning for my investment in XIP is:

1. Great full year profits compared to pcp;
2. Strong NPAT for it's small MC, with good growth prospects;
3. Seemed to have turned a corner since it's ugliness of October 17 and looks like the issues are ironed out now;
4. Is now in a general uptrend since July 18;
5. Brokers suggesting a $1.80 valuation;
6. Was a previous MF Hidden Gem recommendation, of which they provided research as to why the underlying business is strong and the share price will eventually recover from the Oct 17 crash - which it is clearly starting to now;
7. IP is becoming more and more valuable in today's innovative world, so companies like this are only getting busier;
8. Doesn't seem to be anything on the horizon that would have a negative impact on the SP.

If they can beat their latest results in their next half yearly results, which they should do, we should see it get back towards $3 at least, which is only a MC of around $270mil