Cash flow generated in the upcoming report will be a closer representation as the river of upfront student payments had slowed the the outflow for services rendered remained high. FY24 as a whole will show the market the business’ true earning ability without the distortion of student fee timing around the post Covid immigration spike.
I don’t know if it’s worth more of less than the current cap but there a clarification catalyst coming within the next year.
Cash flow generated in the upcoming report will be a closer...
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