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There is year on year license growth, eroding ARPU is the way to...

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    There is year on year license growth, eroding ARPU is the way to go to build overseas market

    In this space strategic investments into other offerings is a must and can then be leveraged through existing schools! The strategy is correct

    75% of billing given cyclical nature comes in H2

    Only mistake here was cancelling dividend or perhaps originally paying one in the first place, once you start you cannot stop. strategically this was a mistake

    Very happy with growth in offshore markets and happy to accumulate at these prices.
 
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