Pleasing to see the start for Q1 FY23 although margins have somewhat dropped off.
If we have the mother of all recessions in FY23, it might in a strange way be OK for ASH as after corporates reduce their full and part time staff, they may have increasing reliance on labour hire to fill gaps, or build numbers up again should they eventually sense an uptick in trading conditions.
Am I being over optimistic?
Training seems to have a reasonable future as 'compliance' is a major feature of (for instance) rail employees' working lives, and it needs gents with industry knowledge and experience to teach the requirements.
ASH Price at posting:
66.0¢ Sentiment: Hold Disclosure: Held
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