Ann: Appendix 4D and Half Year Financial Report, page-9

- Government changes policy.
- Money flows to VET.
- Competition ramps up.
- But acquisition interest rises too.
- And we have a fine head start, to hold our position (lots of courses, and decent market share).
- It feels like our VET division is evolving sufficiently quickly that we'll not be caught unaware, by any increased competition?


Probably dividends wouldn't make much sense, when it's not long ago we were raising cash. You'd want a streak of profits before dividends, and no low hanging fruit to spend the money on.

I'm just thinking how we shareholders make money if we continue to remain unknown. I guess the SP has to move at some point (upon good news), otherwise we become undervalued / an acquisition target, or a big buyer takes a holding.


Anyway, the news I posted above seems like it could be a 3 year tailwind for us. It might mean VET can post strong numbers for 3 years to come, and it's already going well.