Ann: AGM Presentation, page-3

I got a fill even with the extremely low liquidity. So +20% to my holding.



This is my favourite slide.

It looks like Southern Solutions is more successful in RCL's hands? Maybe due to cross-selling courses, or more effective marketing?

See the big jump in enrolments YoY (and no deceptive Y axis needed).

They mention margins improving, which could be good combined with a growing business. Meaning better staff utilization maybe? Like more students allows a higher students:teacher ratio?

I assume there are delayed payment terms, so the increased sign-ups may have boosted revenue but with a lot of the cashflow yet to show up in the cashflow reports.

I'm a bit optimistic that they can finally turn around the margins in the cashflow reports.