it does continue to surprise me that this company is constantly hit by unfounded rumours. Either people have a very good internal source or they have a very creative mindset. Anyway, i think as debt starts to reduce the fundamentals will start to come to the fore again. It is after all in an industry struggling with shortages of places for parents being brought on by low unemployment, high interest rates (driving people into the workforce) as well as times of high educational levels (all these women extremely well educated post pregnancy rejoining the workforce).
Give this a year and allow the directors to learn from this experiance and this will start to get back on track. The short term yield is not too bad if you can get over the paper losses
ABS
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