hi finch I have failed to see where they have reduced debt,abs have yet to sign a mou with morgan stanley, which in my opinion will not proceed and cost abs money.
With out a reduction in debt, profit will continue to fall,another problum is the bad publicity about abs management most centers vacancy rate will increase there for leading to more reduce profit (loss)
A lot of familys will be watching abs and some will move their childers to other centers not owned by abs , security for their childern will be of most importance, it could happen that they one day they arrive at a centre to find the doors locked and no one around.
CHEERS LINDO
ABS
a.b.c. learning centres limited