Ann: Appendix 4E and 30 June 2020 Annual Report to Shareholders, page-8

wishful thinking oracle. The biggest increase in share price over the past decade to $1.25 occurred between 2015 and early 2020. All the people that made that happen have left!
Reading between the lines, the increase in online lessons are existing students that had to transfer across to the online platform because of covid and growth in corporate numbers has only come about because the company is buying back existing centres and adding those student numbers onto their own i.e. that equals no growth.
They even admit that parents still prefer face to face but they are continually losing centres and aren't acquiring any new franchises. The pandemic is slowly passing by and they haven't been able to anchor on that.