Ann: 1H24 - Half-Year Report, page-13

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optimistus

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02/09/24

13:22

Post #: 75487998
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Originally posted by mike88: ↑

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.

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Still the potential for growth in NSEs during remainder of 2024 and ultimately a standout 2024 result.

Until it's fully legislated and numbers confirmed I'm still hopeful they're able to negotiate away some of the worst impacts for 2025 and 2026.

EDU Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
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Last 28.5¢		Change 0.020(7.55%)		Mkt cap ! $42.15M

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Ann: 1H24 - Half-Year Report, page-13

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Ann: 1H24 - Half-Year Report, page-13

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