AKG 16.7% 17.5¢ academies australasia group limited

Well that's nice and all, but I'd still prefer a formal...

  1. 377 Posts.
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    Well that's nice and all, but I'd still prefer a formal update.
    You'd expect AKG operating in sector that is materially affected by the pandemic to update the market already.
    The good news is that they did pay the March dividend, but that was still at the early stages of the outbreak and now we can safely see that international education will not resume to the previous state for at least 1 year or more. Hopefully AKG is ready to adapt to online programs and maintain/increase their market share with perhaps new courses.

    I know we do offer lots of tourism related programs, which are likely to see lower enrolments in the aftermath of COVID, but I hope it's not as bad as the market expects it to be. At the moment we are more than 50% down and did not enjoy any relief rally with the broader market, so that is a bit worrisome, but I am holding in hopes of a mid-term rebound if international education reopens by 2021.
 
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