If you read my previous post comparing the cash flows from operations for the Jan to June 24 for EDU, NXD and AKG, EDU's performance was far superior.
I honestly don't get Matt's continued digs at EDU's viability, it produced 7.54 million cash from operations on receipts of 21.6 mill and increased it's cash balance by 3.1 million to 8 million as at 30 June and was the only of the three that didn't need loans to bolster its cash balance.
It appears to me to be well placed to benefit from it's expansion into Higher Education for a number of years yet on the back of it's very impressive increase in student enrolments in the IKON business this year so far, eg the Bachelor of Childhood Education degree is a 4 year full time course.
As per Edu's latest presentation the study duration of courses across all divisions is 30 months.
This should enable it's cash position to continue to improve for a while yet.
Hopefully once next years election is out of the way, there might be some reconsideration of this absurd policy, I agree with the summing up of the situation made in DMX's latest update.
Also not beyond the realms of possibility that EDU could make an acquisition targeting the local market.
EDU Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
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