Q: Could you comment on Zedcor's moat and if it is at risk of being disrupted? Is there a 5i research report on Zedcor? Thank you!
5i Research Answer:
We don't have a report on ZDC currently. We wouldn't really consider it a 'high moat' type of business but it has very high growth at this stage which can be its own advantage as it grows market share and reinvests in the business. We don't see a reason to think it is being disrupted.