In times of market stress, time horizons shorten.
But management have articulated a clear 3-5-year strategy and are tracking reasonably well, given COVID disruptions to schools around the world.
So management is running the business for the LT, but investors suddenly are switching focus on ST outcomes.... rather than.. what's the prize in FY25?
(Wilsons in particular are not a long term oriented fund. They recently bought into CGS high and sold low when the share price started moving against them.. and I could think of many other recent examples too)
Ann: JAN Preliminary 1H22 Results Update, page-19
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