large client lost, page-6

First 6 Last

Share
Profile

Follow
Fangk

1,303 Posts.

56

25/03/16

08:55

Post #: 17360333
Share

Originally posted by Shiva100 ↑

I will answer a few questions in the same post.

The main reason I am staying out is it clear that some people, particularly patent attorneys, have better access to price sensitive information. We are only going to know of major issues after all the patent attorneys have sold.

ePCT national phase is major issue and I doubt the market has factored in impact of ePCT national phase. In the 2014 prospectus ePCT as well as trans tasman single market were mentioned as possible risks but with no certainty regarding if and when it would happen. Now in 2016 the trans tasman common market looks to be a certainty and the published minutes of WIPO for May 26 to 29 2015 (search PCT/WG/8/26) suggest a pilot program commenced in late 2015.

The earlier posted analysis showed that Sprusons made about 1/3 of its profit from national phase filings in 2014. The patent attorney I spoke to said that the fall in their own firm profits would be closer to 40%. There was a fall of $3 in the share price when the IPH profit was towards the lower end of the expected range. The share price listed around $3. How big will the fall be when profits are below those at listing?

Earth93, the information is available on the internet though I did talk to a patent attorney for some guidance. The recent loss of a large client by Pizzeys comes from a search of the records of IPAustralia. You can view filed documents including a change of agent form filed on 9 March moving the work from Pizzeys to Phillips. I understand that larger attorney firms have automated watches which provide alerts.

Superweath, the most recent client loss was not factored into the Feb price crash. The 23 Feb ASX announcement referred to an earn out criteria not being met in relation to Callinans. There was no mention of any impairment or earnout issues for Pizzeys. This makes sense as the client was lost from Pizzeys in early March.

Another person suggested the failure of a large client of Callinans to come across was part of the reason for the crash in the February share price. If that is the reason we will see another large fall in the share price when IPH issues another ASX report which mentions earnout issues for Pizzeys.

I did not see any upside to the stock and a lot of downside risk.

Expand

Well done Shiva. Although it's bitter but I appreciate your posts, which are resourceful and not emotional. What price do you think it's fair value under current circumstances? Cheers

IPH Price at posting: $6.40 Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 4 more messages in this thread...

First 6 Last

Add IPH (ASX) to my watchlist

(20min delay)
Last $5.08		Change -0.060(1.17%)		Mkt cap ! $1.578B

Open	High	Low	Value	Volume
$5.17	$5.19	$5.08	$2.281M	446.3K

Buyers (Bids)

No.	Vol.	Price($)
6	19240	$5.08

Sellers (Offers)

Price($)	Vol.	No.
$5.10	2799	2

View Market Depth

No.	Vol.	Price($)
1	1335	5.980
6	25069	5.950
2	6370	5.940
1	3489	5.930
1	534	5.920

Price($)	Vol.	No.
5.990	2951	3
6.000	5688	3
6.010	8304	2
6.020	7870	3
6.030	16750	2

Last trade - 16.10pm 22/11/2024 (20 minute delay)

IPH (ASX) Chart

large client lost, page-6

Top Stories

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Scientific conference spotlights PYC's work on blindness disease treatment

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Sales growth pushes Lovisa's fortunes (and shares) upwards

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Buyers (Bids)

Sellers (Offers)