Look I thought $EDU.AX was cheap (at $1.1) before the enrolment print and here we are at 70c. I will go on the record and give you all one, this is an INSANE price for this asset imo. It is not hard to calc the 'in-force' value of the student body they have (that is, the ~7k enrolled students). On my math (wont share now) its about 45c a share NPV, to be delivered into the PnL over next 2-3 yrs. Then they also have ~20-25c a share of net cash. No debt. That is to say, if they shut the border tomorrow and killed new enrolments TO ZERO I think you would more or less get your money back. Ofc that is not what is happening. If you dig into the print here the two new diversifying angles - domestic enrols, and postgrad - are both growing like weeds (off a low base). If these growth rates co
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