Very comfortable with this investment, and will seek to add more.
I fully expect positive guidance on the call will result in share price appreciation in the short term.
Just a snippet I heard yesterday, is the Uniting Church is the second biggest employer in QLD, after the government. Not sure if they are a direct customer, but it is a reminder of the huge workforces in the non-porfit sector with healthcare, education, welfare etc.
Consider the volumes of background checks Australian Red Cross, The Smith Family, MercyCare and the Wesley mission will be driving through their fundraising staff, their care homes and their support staff. These employers also typically have substantial ongoing staff turnover - all a positive for CV1.
Similar story with G4S (security staff) and Visy with large workforces. Visy has almost 10,000 staff alone...
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