As the have said
(i) likely costs of closure of BAWM and Aspin
(ii) the weakening of revenue in certain Vocational Education businesses in the current half.
My opinion is (i) closure would have net positive cash flow over the next quarter due to the on going operational costs of of BAWM and presumed loss making status of previous quarter...
Again my opinion (ii) this would be in regards to the expected changes to the guidance from last year which was revised to be about 27.5 mil EBITDA.
The trend implies (plucking figure from thin air) the next guidance will be closer to 20mil EBITDA.
So in short by April the company will be in a better position financially to continue the required efficiency measure and refocus the business. I personally don't like when assets are sold, but currently restructure is inevitable.
VET Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held