There are always risks. You can’t really mitigate for all of the...

There are always risks. You can’t really mitigate for all of the possible risks except for buying with a large margin of safety which there was, until today (?there was some huge volume going through on no news- have I missed something?)

I don’t think ASH is any more exposed to government change than any other particular business given how low the VET sector’s contribution is these days.

As an aside- the discourse has once again changed somewhat regarding the need to fund vocational education. As one of the few survivors of the VET sector, ASH may paradoxically be better placed to capture upside from increased government funding to the sector.