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I'll provide an alternative view:With no new students coming in...

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    I'll provide an alternative view:
    1. With no new students coming in for the forseeable future, that revenue headline will reduce quite quickly as current students graduate. Maybe 26% reduction year on year? (80% revenue from O/S students / 3). I used 3 years as the average number of years a student is on the books. Apply that through the forecast revenue, and you'll get a different picture
    2. Jobkeeper accounted for $2.4m odd of revenue. This too will reduce after October.

    It might be cheap, but it might be a trap as well, dependent on when COVID ends/borders open, Jobkeeper ends.
 
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