International expansion is the route they are going down. A kind of pan Asian IP business.
From their preso, they are looking to be:
a “one-stop” service for clients co-ordinating IP applications in 25+ countries across Asia Pacific along with local offices in key jurisdictions.
Given their clients are mainly global fortune 500 companies, it is a sensible strategy.
No debt, large cash balance, a great div. and a few more acquisitions in the pipeline to spice up growth.
A pretty steady ship.
The only problem as far as I'm concerned is the constant selling pressure. Looking forward to the day hen it dries up.
Ann: Dividend/Distribution - IPH, page-7
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