Victorian State Budget announced this morning, for more details https://www.theage.com.au/national/victoria/victorian-government-announces-3-billion-funding-boost-for-state-schools-20201124-p56hc4.html
- Dan Andrews plans to build or upgrade more than 200 state schools
- 11 Victorian schools to be built by 2026
- Additional 22,700 student places
However Readcloud may have to rethink their VET growth strategy - cross selling and relying on more enrolments.
- VCAL and VET programs will be scrapped and merge with VCE by 2025 as mentioned in the article.
- Over 25,000 Victorian students were enrolled in 2019 so this number is significant
The share price today may or may not have been a reflection of this, I don't know. At present, financials are healthy and management team are solid so I'm not really worried. Keen to hear from you guys what you think.
Victorian State Budget announced this morning, for more details...
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