By the time AGM season rolls around, bad news has usually been baked in. But not at Perth’s APM Human Services.
On Friday, the largely government-funded employment, aged care and disability services company fell nearly 20 per cent shortly after 1pm. This was around the time chief executive Michael Anghie started speaking, revealing that a world of near-full employment was, well, bad news for unemployment service providers.
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Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
