I’m not sure they will be updating on a strategy to engage govt...

I’m not sure they will be updating on a strategy to engage govt funding
My feel from the previous announcements is that the 3 remaining businesses are pulling in the revenue as anticipated.

The strategic review should focus on the 3 core brands that remain and how they adjust the cost base and operating model

I hope Mr Cummins is looking at ACO - who they should be mirroring I believe
ACO appear to be a very similar company – who are going great guns with what appears to be an identical business model

• Listed last year
• Delivers V E T qualifications through RTOs
• Revenue $56M with ~84% from Vic Govt
• Very lean Balance sheet just $35M intangibles &< $10M debt

…..sound familiar
BUT….

• Very healthy profit forecast $16M NPAT for FY15
• Market Cap of $150M

Can’t see why VET can’t achieve this, they have the revenue base to do so & the balance sheet should look almost identical post asset sales