GEM - well the 40 cps was discounted by the market a long time...

GEM - well the 40 cps was discounted by the market a long time ago.
I bought some on the dip today, as I like the outlook statements I copied below as relates to occupancy derived from the new funding package. As we had never had real confirmation of the expected difference til now. We'll see what happens I guess.

"While the supply/demand imbalance is projected to persist until June, the implementation of
the new Child Care Funding package is forecast to increase demand from July 2018. In
conjunction with our partner, PwC, we have been assessing the impact of the new funding
package on our existing family base, including reviewing historical transaction data, census
information as well as a survey of our families that was conducted in March this year.

This analysis confirms that 95% of existing G8 families will be better off under the new funding
package, with a significant proportion of these families having substantial reductions in their out
of pocket costs, allowing for increases in days care at no or little extra personal expense. We will
be working with our partners over the next couple of months to develop and deliver offers that
represent increased value to our families and that drive increased demand for our services.

On the basis of the analysis done to date, the new funding package will stimulate demand in the
market from July 2018, with the overall demand/supply environment being much more in
balance in the first half of 2019. It also provides the group with the opportunity to grow
occupancy in the second half of 2018. We note that market consensus EBIT forecasts are around
$167 million for 2018. We will provide an update on our progress in relation to occupancy and
resulting impact on EBIT forecast when we release our half-year results in August."