Genius and Challenger Services Group are likely to be the ones pushed out of business entirely due to compliance issues arising in the NSW Parliamentary Inquiry. Only About Children and Guardian are also likely to have problems.
Resulting from the 4Corners report, a lot of cleaners and workers of Challenger Services Group and Genius have had to undergo "Working With Children" Checks and many of these have cropped up visa violations and immigration compliance issues.
G8 might become the only real profitable provider in the entire sector if Guardian, Challenger Services Group, Only about Children and Genius are forced out of business due to compliance issues.
GEM Price at posting:
$1.29 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)