ICT on Sparkler Watch

- Fully underwritten rights issue
- New series of listed options coming
- Low EV
- Low mkt cap
- would be cash flow positive if not for the one-off MIA costs
- Moving into high growth, high revenue CRICOS (international) courses
- Govt Strategy to 2025 is to significantly increase International student numbers
- Significant cornerstone investors (Copolous, Avanatis)
- Director buying on mkt above 10c
- Quality board restructure
- New CEO - Stuart Manifold - hitting govt contracts
- Excellent range of course offerings
- News flow/updates/sp drivers expected on several fronts