Apologies, haven't read the thread.
But looking at the operations update, they have 1,824 starts at the end of March (over 9 months, this equates to 203 starts per month). Assuming SIO's business improvement continues and they do 10% more starts each month between March and June (i.e. 220 per month), 1824 + (220 x 3) = 2,484 starts.
This is still 61 starts below FY16, which at $220,000 per start is a $13.5m hit to revenue and a $1.8m hit to earnings for FY17 as compared with FY16.
Apologies, haven't read the thread. But looking at the...
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