The last announced debt refinancing agreement actually meant...

The last announced debt refinancing agreement actually meant more than what it was given credit for. It was over-ridden by comparisons to ABC from an article written by someone in a magazine. GEM has been oversold for a while now.
But what was so good about the debt refinancing agreement is that it was syndicated by big banks. And these banks would not proceed positively if they were not impressed with the forward outlook for GEM. With that money available, it would allow GEM to push with their training programmes, keep quality personnel, improve facilities and even acquire profitable independent child care centres.
Then, of course, the uncertainty that was made certain in July has now gone past and GEM can go on with their programmes with a 20-20 vision.
The first half report also made mention of the next half being a lot better as in previous years experience.
All these point to GEM's current sp levels below what it is really worth. In fact, several broker recommendations have been BUYs.
It only needed some big investor to roll the first ball. And this happened today. Current price is still a bargain. Sure, it will still come down, as expected in a volatile market. But, GEM ain't anything like ABC. All these, IMHO and DYOR.