Ann: Half-Year Results Presentation - March 2021, page-18

was trawling through the COSAMP site and I've noticed that they claim to have had 3500 students in 2020 which aligns with the $250/student that we understand VET provides. In the COSAMP acquisition announcement we were made aware of their yearly revenue of $800k+, that figure can be franked with a simple 3500*250 = $875k

We are also aware that COSAMP are a long way to satisfying their acquisition targets from the half yearly report where we are made aware in note 11 (off the top of my head - one of those) that the contingent consideration is almost at the end of the slide scale at the max of $400k. Note reads as below:

* Contingent consideration comprises up to $400,000 of ReadCloud shares (discounted back to a present value of
$374,000), which is contingent on PKY Media achieving defined revenue targets for FY21 and FY22.

I know that we can expect to have some loss once the students finish their 2 year programs but it also means that the co is established in that school and that should be enough to maintain numbers + grow.

8000 odd from AIET and 3500 COSAMP + a growth of 50% isn't beyond what we can expect especially considering the growth of AIET from year 1 to 2.

I was starting to have some doubts creep in (as you do when you watch a weak share price) but these numbers are solid. The company itself has signalled 117,000, with 17000+ of which being VET and the numbers to grow.

Might have talked myself into another parcel in the next few days !