JD Vox13 May 2020 23:44
Nonegsplease: is it possible to short wey? Sounds like you could be if it was . Lol. Don’t worry about the forecast. They keep beating them materially. The delay is likely probable as new pupils will be centred around the start of the school year, ie September for inter high. They’ll know a number of enquiries converts to new pupils at x% typically so their line of sight for likely September numbers is reasonable. They’ve also grown 43%! There will be pupils here who’ll flow into future years at zero cost. They’re basically investing a lot more in marketing than they ever have. Gross margin is higher than it has ever been yet profits are only in line with prior forecasts because the investment in marketing & growth is working. They could switch it off and report increased profit but why if growth is the way it is