Here's the gameplan20,000 students across various campuses - running a low margin business.
Purchase, develop and acquire partial ownership of multiple real estate projects (7 so far).
Homestay is well beyond max capacity in the lower midland.
Homestay also increasing rates because of foreign buyers tax, which is not hitting commercial.
Students no where to go - so CIBT builds units for rental.
Currently, only 500 beds operating and ramp up to 1,000+ in the very near term. Hopefully 2,000 by 2019.
There becomes a tipping point and critical mass where rental profits surge.
Continue raising funds and increasing the book; eventually take out the GP's to become 100% owners of the properties.
Share price will switch from value to growth - and will receive a growth multiple based on projected best case scenario of 10,000 beds in operation as stated by Toby - next 5 years.
Meanwhile, they'll be marketed as an activist investment as they are keeping the kids in school and out of the Hastings homestays where they surely will be spending their excess cash on Hastings Heroin.
Big Banks latch on to the story and mutual funds join in around the $2 mark as they are prone to be very late to the story.
Self fulfilling prophecy from there.