Ann: JAN FY22 Trading Update, page-9

I have been disspointed with the SP performance of JAN. It has fallen victim to the general technology and small cap stocks. I think JAN is different as it has a focus in a growing market and good track record. However the troubling signs for me are

1. With one of few companies that have the ability to provide assessments platform globally the growth has been slow. They need to entrench them faster.
2. PISA and similar exams may be good news but I suspect the profits and the cost of servicing will be high. JAN need to chase exams like CPA which are professiobally required for accountants
3. The investments in new senior leaders needs to show some results as a sign of progress.

I think JAN as an upside but I am not sure it is much as I expected 12 months ago when there was money pouring into tech.