Unfortunately ALG has been progressing more slowly. Even with these IKN numbers it's likely to be touch and go whether EDU can return to overall profitability this year.
Might need to see more evidence over the year (and any threat of a Capital Raising pass) before we get a rerate although I personally don't understand why people are still selling at 11c after today's numbers showing continued movement in the right direction.
Maybe after the weekend's Queensland results they're worried about the LNP getting in, slagging off our trading partners and throwing another random spanner in the Education market.
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