Ann: Ikon T2'24 new student enrolments - up 244% on PCP, page-20

Just having another look at this and don't Mulpha have extensive property holdings here in Australia including accommodation? I thought student accommodation was one of the potential limiting factors in respect of student visa approvals.

With Mulpha having a decent EDU shareholding are we missing something here as to another potential reason why IKN might still be going gangbusters with new student intake while some other institutions are struggling?

I'd welcome others' input because I'll admit to being a bit bemused by the share price trajectory given that my interpretation of the student numbers is that they're imho) a good portent for the upcoming half year result.

Am I alone in thinking that EDU might do as much as $35m revenue this year?