Actually pretty happy with the result. Highlights for me:
- 40% increase in revenues (organic and acquistion)
- Big jump in online overseas revenues (a low cost / potential high growth business)
- Enrolments up overall
- TEC funding for Quantum in 2016 (although capped which necessitates a big reduction in enrolments)
Looks really good going forward once they can permanently sort Quantum, continue to grow online, slightly improve Dive school and D&A, and reduce debt (which I imagine they're doing in lieu of dividends) - Overall, very cheap for me once the reg uncertainties are dealt with (est mid year)
Actually pretty happy with the result. Highlights for me: - 40%...
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