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XIP, XENITH IP GROUP LIMITED
nipper
post Posted: Mar 12 2019, 10:44 AM
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QUOTE
Intellectual property services provider IPH Ltd on Tuesday offered to buy smaller rival Xenith Ip Group for about A$174.8 million .

IPH said it was offering A$1.97 in cash and equity for each share in Xenith. The offer represents a premium of about 23 percent to Xenith's last close.

Xenith is in the process of merging with peer QANTM Intellectual Property Ltd. QANTM made an all-equity bid for the company in November 2018 and offered 1.22 of its shares for each share in Xenith.

IPH, which had acquired a nearly 20 percent interest in Xenith last month, said its proposal was superior to QANTM's, and that it planned to vote against the proposal.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Oct 13 2017, 02:54 PM
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In Reply To: blacksheep's post @ Oct 13 2017, 02:27 PM

Ooh ah, so it goes; the complexity of corporate acquisitions pathway bites another.

After the 'other' IP company IPH struggled to digest, this one was dispatched; in fact, time to simplify and clear out the watchlists, both were deleted 2 days ago.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Oct 13 2017, 02:27 PM
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In Reply To: nipper's post @ May 8 2017, 09:16 AM

Massive sell off today, following their lower than expected earnings. Might be a trading opportunity, albeit a risky one.

QUOTE
Q1 Performance
We have completed one quarter of operating performance, post earn-out, with all four entities – Shelston
IP, Watermark, Griffith Hack, and the Glasshouse Advisory business which we launched in May 2017.
Financial performance in Q1 FY18 has fallen short of expectations at both the revenue and EBITDA line.
The under-performance is largely within Griffith Hack, and is influenced by several factors:
 the disruption of the transaction and the need to bed down new practice group structures and
reporting lines;
 the need to rebalance current capacity against current and anticipated workflows; and
 foreign exchange headwinds (across the board).
We expect to see an improvement in results throughout the remainder of the year as the acquisition is
further bedded down, but do not expect to recover this one-off shortfall in the 2018 full year results.
We also expect to experience continued foreign currency headwinds throughout the remainder of the year,
relative to prior year.

FY18 Guidance
The Company has not historically provided guidance. However, given the feedback from the investor and
analyst community regarding the complexity of the FY17 result due to the two recent acquisitions of
Watermark and Griffith Hack, we are providing a guidance range of EBITDA as $18m-$22m for FY18.
This EBITDA guidance has been provided on an underlying basis (after excluding integration and other one
off costs) and is sensitive to movements in revenue. The guidance is based on an estimated AUD:USD
exchange rate of 0.785. A 1 cent movement in the AUD:USD exchange rate is estimated to impact revenue
and EBITDA by $500,000.

Attached Image





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: May 8 2017, 09:16 AM
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QUOTE
IP law firm holding company Xenith IP Group will launch a specialist IP practice, Glasshouse Advisory, to take on big-four accounting firms in the business of valuing companies' intangible assets.

Glasshouse will consist of 40 practitioners and will be competing with the IP valuation practice within the big four that have traditionally been major players in this area. Glasshouse represents a carve out of an existing practice within Griffith Hack and Watermark and will be led by David Hughes, former executive chairman of Griffith Hack.

Glasshouse managing director David Hughes said IP valuation was traditionally seen as a "bit of a black art" and the advisory service will aim to put "rigour in the process" with the input of IP experts. Mr Hughes said so far companies had used IP law "defensively" to protect the assets from competitors, but there were opportunities for companies to realise the full value of their intangible assets.

"Traditionally intangible assets are not properly reported in the balance sheet and as a result of that sometimes the value of those intangible assets are not fully understood," he said. "So by looking at IP valuation, we start to uncover what the real value of those assets are."
performance since listing has been disappointing. XIP has droped from $4 to $2 in last 12 months and is well under IPO price



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Apr 2 2017, 07:29 AM
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Thanks: 1945


Xenith IP

A hot float often encourages rivals to raise capital, list and cash in on the sentiment. That was the case when IPH, an intellectual property services provider, delivered soaring gains after listing. Smaller rivals, Xenith IP Group and QANTM Intellectual Property, launched successful floats within 18 months.

Xenith and QANTM are trading below their issue price and appear to have been affected by declining investor sentiment towards IPH. Pengana Emerging Companies Fund co-manager Steve Black favours Xenith, believing recent price weakness is an opportunity to buy a company in an attractive sector.

"Intellectual property services benefit from stable clients who don't tend to move firms a lot," says Black. "Their clients pay upfront and are not overly price sensitive. The IP services industry is not particularly cyclical and should continue to grow as companies seek to protect their technologies." Xenith trades on less than 10 times 2017-18 earnings, on Pengana forecasts. "That's low given the nature of the industry and Xenith's position," says Black.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 29 2016, 01:13 PM
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Posts: 5,313
Thanks: 1945


Xenith IP Group Limited (XIP) is the holding company for the group of entities that comprise the Shelston IP business, namely Shelston IP Pty Ltd, Shelston IP Lawyers Pty Ltd, and Xenith IP Services Pty Ltd.

The Group's core business is to provide a range of IP services, including identification, registration, management, commercialisation and enforcement of IP rights mainly Patents, Trade Marks and Designs for clients in Australia, New Zealand and the rest of the world.

• Xenith IP Group is pleased to announce that it has entered into a binding agreement to acquire the businesses and brands of Watermark Group.
• Watermark is one of Australia's longest established intellectual property practices, employing more than 90 people nationally with offices in Melbourne, Perth and Sydney.
• The acquisition, which is aligned with Xenith's vision of becoming the leading IP services provider in Asia Pacific, will diversify Xenith's revenue streams, broaden its client base and enhance its geographical presence, amongst a range of other strategic and financial benefits.
• The acquisition is expected to be EPS accretive on an FY17 underlying basis1, with Watermark expected to contribute future maintainable EBITDA of c.$2.5 million.
• The estimated purchase consideration of A$19.5 million will comprise approximately 50% Xenith shares (escrowed for two years) and 50% cash.
• The Company has successfully completed a Placement to institutional and sophisticated investors raising $6.9 million to partially fund the cash component of the purchase consideration. In addition to the Placement, a share purchase plan will be offered to eligible shareholders.
• The acquisition is expected to be completed in early October 2016.

......... and another player about to hit the market:
QUOTE
QANTM Intellectual Property Limited www.qantminvestors.com

Proposed ASX code: QIP
Proposed listing date: 31 August 2016

Activities: Full service patents, designs and trade marks practice including an intellectual property focused commercial law and litigation practice
Capital to be raised: $146,700,000




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


ShareScene.com
post Posted: Mar 1 2016, 02:00 PM
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Added by request: XENITH IP GROUP LIMITED (XIP)

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ShareScene Admin

 
 



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