I told you this announcement was comming, you also need to look...

I told you this announcement was comming, you also need to look at how BAA makes there money. BAA gets paid regardless of graduation while this isn't optimum they still get paid by the government as soon as the student has made 6 weeks with a bonus amount paid on graduation.

The business is loan reliant like all developers, the short term loan will be resolved on sale of the developments which is no concern and a standard operating practice for development firms

I would have liked to see more information in regards to the building arm of Simonds as the update didn't state as much as it should have in regards to the site starts and new contracts but from word on the street the building arm is performing exceptionally