U may like to have another look at the immigration data, it is not the Middle East that is supplying the bulk of the skilled workers, it is South East Asia: the P.R.C., H.K. S.A.R., India and still some in ever decreasing factors from Europe. Those countries tend to have females working especially out of the emigrating population. South East Asian females tend to work in their new country more so than their country of origin liberated by the neo-classical values and positive discrimination towards them in countries such as Australia than the values of their place of origin. They are more likely in need of childcare as they have no support of the native, Australian born population and therefore require GEM services. (Note GEM's ANN re QLD is hardly surprised as the immigration figures suggest no immigrants go to QLD, hardly surprising given the job prospects or lack of them).
Middle Eastern immigration is a smaller portion, just tends to be more vocalized as it relates to the refugee quota, family reunion quota and the "boats" IMHO. This non-skilled quota tends to become media hyped more than the immigration and DIMA numbers actually suggest.
In Sydney and Melbourne where they all go, supply of childcare may need to increase. GEM should benefit from that and may actually gain as a result of rethinking their strategy, take the costs out of QLD and reposition themselves for Sydney and Melbourne minus this Business Development Manager that they sent into the garden IMHO but pls DYOR.
GEM Price at posting:
$3.48 Sentiment: Buy Disclosure: Held
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