APM Human services IPO, page-45

did you read this article?

nothing wrong u say..if theres nothing wrong why are there so many issues.

https://www.michaelwest.com.au/apm-promoters-exit-jobless-profits-in-asx-float-turn-to-profiteering-from-disabled/

their main contract jobactive- 35-40% of EBITDA is due to expire in 2023. thats only a year away. How did it even get to IPO with their main government contract pending imminent expiry. They could get cut in half if the Aus fed government awards it elsewhere. Even if they get awarded it, it will be substantially lower as NESM is a different model entirely.