Ann: Becoming a substantial holder, page-15

I'm willing to hear you out, and giving you chances to be convincing, but so far you are doing a poor job, and appear to be just making up numbers.

All the evidence is showing the growth of this company is still quite impressive.

There's been no revised guidance provided by management, the management also believe the issues in Canada will have no material impact, and there's plenty of tailwinds with covid over and universities & colleges increasing international student numbers.

If management come out with an announcement that 2nd half of FY23 will somehow slow to 15%-20% I'll tip my hat you.

Yeah the valuation was lofty in the high 20's and low $30's. But I think the current valuation is fair given the reported figures.