Ann: 1H24 - Half-Year Report, page-12

I have compared the cash flow from operations from Jan to June 24 for EDU, NXD and AKG.

EDU : Receipts from customers 21.69 mill, net cash provided by operating activities 7.5 mill.

NXD ; Receipts " " 45.2 mill, net cash provided " " 3.6 mill

AKG " " " 21.8mill, " " " " " 800k

EDU with less than half the receipts of NXD had more than double the net cash from operations.

EDU pointed that Ikon Institute was the big growth driver of the company and that should continue for a few years yet due to the average study duration of 3-4 years.

I am hoping that some kind of intervention can take place to stop these caps happening. I wonder if a legal challenge is possible from an interested party?

This seems to me mindless economic vandalism driven by the opposition and a weak kneed approach by the Government.