I think the rationale behind a swim school is as follows
1) cash flow from day 1
2) trend is that houses are getting smaller and pools are more and more uncommon, everyone needs to learn to swim and hence this will get more popular and high in demand, couple with investments in efficiency, margin will improve
3) this is a non discretionary spending as kids will need to learn swimming irrespective of economic conditions
Ann: Soul Patts Shareholder Briefings, page-18
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$34.44 |
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Mkt cap ! $12.66B | |||
| Open | High | Low | Value | Volume |
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| SOL (ASX) Chart |