Intueri Education IPO

[Newman]

Till now it was TEC in NZ and now ASQA has also joined to spoil the party. I think its all over for this company.

It would be unaffordable bad news if it cannot be announced today.

[levin123]

Without ASQA funding, I cannot foresee any outcome other than a terminal ending

[stevevai1983]

it's like judgement day lol

[Snow Leopard]

So three announcements on the NZX so far:

1/ The announcement that there is to be a trading halt on the NZX and to wait for a further announcement.

2/ The announcement that there is to be a trading halt on the ASX and to wait for a further announcement.

3/ The announcement that announcement 2/ was not the announcement you were waiting for and to carry on waiting for the awaited announcement.

I just hope that it is not fatal. But fear it might be.

Best Wishes
Paper Tiger

[bull....]

they got a notification from au skills dept relating to possible sanctions so I read

[axe]

The longer it takes the worse i suspect the news to be.....

My hunch is sanctions from ASQA resulting in reforecast EBIT to potentially breach banking covenants - potential cap raise or something else??

What does everyone else think?

So three announcements on the NZX so far:

1/ The announcement that there is to be a trading halt on the NZX and to wait for a further announcement.

2/ The announcement that there is to be a trading halt on the ASX and to wait for a further announcement.

3/ The announcement that announcement 2/ was not the announcement you were waiting for and to carry on waiting for the awaited announcement.

I just hope that it is not fatal. But fear it might be.

Best Wishes
Paper Tiger

[levin123]

I predict loss of $6m ASQA, leading to a likely breach of banking covenants = major restructuring/sell off or fold.

Looking at the numbers, can't see how banking covenants can be maintained on a reforecast

The longer it takes the worse i suspect the news to be.....

My hunch is sanctions from ASQA resulting in reforecast EBIT to potentially breach banking covenants - potential cap raise or something else??

What does everyone else think?

[trader_jackson]

https://www.nzx.com/companies/IQE/announcements/289681

Well... you guys were on the money about the bankers part, and that it is already priced in (in my view)

[Hectorplains]

https://www.nzx.com/companies/IQE/announcements/289681

Well... you guys were on the money about the bankers part, and that it is already priced in (in my view)

Sadly, I don't believe that it is priced in. They were applying for a $6m VET extension. They were confident it would be granted but that's now dead in the water.

[Lewylewylewy]

The risk was priced in, the eventuality was not, imo.