I would have thought the combined numbers across IKN and ALG are better (IKN especially so) than the market could reasonably have expected 3-4 months ago but the share price action doesn't reflect that view.
Positioning for the visa reductions I expect but in the absence of EDUgeddon I would have thought those IKN numbers (longer duration courses) are setting the company up for a decent 2-3 years.
The market seems to disagree with me.
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