"cash flow eating up capital". sounds like what a broker would say to me, and i think "WHAT THE !!!!"
I'll redirect the question so my time is not wasted,
-the benefit of the childcare allowance which supported the ABC model may have been a contributing factor to investors capital inflow. That model was adopted in the US,however,too much debt scared the market perception during the perfect storm hence the sell off.
I'm suggesting it is fear dtermining the price, not the model of the bisiness.
ABS
a.b.c. learning centres limited