Bluechip stock? Dreamin'

I don't get the blind optimism around this stock. Someone even flagged it as the next blue chip stock!?!

The current board (bored?) has zero vision and has done absolutely nothing (*other than the deal of the year below) in the 5 years since they took control, apart from sitting in the grandstand and applauding what Garry Chapman was doing with the UK billing company, which he would have done anyway had this board never even existed.

*The board has actually made one decision in 5 years, and what a cracker that's been - to invest $250k for a miniscule stake in an UNLISTED startup, Open Learning, in an extremely crowded education space already dominated by multiple global gorillas. An investment with zero alignment with the existing company, strategy and expertise, with no explanation of how the investment may ever benefit shareholders, and no possibility of ever realising any upside or even an exit unless the start up ever gets to IPO. Outstanding!

Bluechip? There's only one little business unit in the empire, and no change to that in 5 years. And look at its progress under the 5 year "stewardship" of this board, in real $ terms not the confusing and misleading % KPI smokescreens that this board excels at. At a stretch it makes around A$1m pa, after buying the business 8 years ago when it was already making over $500k pa. So many opportunities lost to leverage the steady rise of the UK business, not just in UK but throughout EU. Compare with how Ramsay HC, Sonic etc have leveraged successful healthcare models in UK and EU. That's the sort of leadership required to become a bluechip.