IPH Ltd (ASX: IPH) is up 5% at the time of writing to $4.06, trading on a forward price-earnings-ratio (PER) of 15x and paying an annual dividend yield of 5.7% with 40% franked. IPH Ltd is unlike most other companies in the same industry, which pay a meager dividend or no dividend. Over one year the share price is down 21%.
IPH Limited has announced an on-market share buy-back program of its ordinary shares of up to $40 million, in place from 23 May 2018 for 12 months. Buy-backs can indicate the share price is undervalued and is a good buy at the current market price.
IPH Ltd is the holding company for intellectual property (IP) and associated companies that according to the presentation at the Macquarie conference, provide a range of "services for protection, commercialisation, enforcement and management of all types of IP".
SEEK Limited (ASX: SEK) is in the same sector as IPH Ltd, trading on a forward PER 34x and paying an annual dividend yield of 2.2%.
