AKG 5.56% 17.0¢ academies australasia group limited

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

  1. 133 Posts.
    lightbulb Created with Sketch. 3
    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.
 
watchlist Created with Sketch. Add AKG (ASX) to my watchlist
(20min delay)
Last
17.0¢
Change
-0.010(5.56%)
Mkt cap ! $22.54M
Open High Low Value Volume
17.0¢ 17.0¢ 17.0¢ $850 5K

Buyers (Bids)

No. Vol. Price($)
2 111125 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 5241 1
View Market Depth
Last trade - 11.21am 26/06/2024 (20 minute delay) ?
AKG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.