I ran into a IP lawyer recently and asked her about Spruson and Ferguson. She said that they were a pleasure to work with and were known to be good at what they do.
The IPH strategy is to aggressively consolidate a fragmented patent market through acquisition of trusted IP management companies that they've personally worked with.
Being the first company to list on the ASX, they've had a significant head start in mobilising capital to fund these acquisitions. The extremely strong uptake of the share issue points to an acknowledgement of the success of this strategy to be EPS accretive.
My LT price over the next 5 years has this company pushing through the $50 mark with ease.
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