In my view this announcement will not have any negative for ASH, beyond the further reputational damage to the industry caused by the VET FEE Help rorters. Simply because ASH have hardly had any skin in this area of the VET industry. There may even be a slight positive in that ASH have already geared to fight for larger portions of their business where money is not gushing in their direction.
Biggest concern this week is that strange half a story floating about Cummins & Andrews (VIC premier). Victorian govt would be significant revenue for ASH I think.
And the concern still hangs over why Cummins actually resigned. As much as some are trying to put a positive spin on it, why on earth would he leave without warning or explanation, two months before AGM, given the great job he has apparently been doing? Doesn't add up.
I still think ASH our best chance in VET public though!!
ASH Price at posting:
18.5¢ Sentiment: Buy Disclosure: Not 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)