Occupancy Comparisons - Long Term Investors, page-7

Hi Transversal,

Occupancy levels for G8 are beginning to improve. It is impossible to give accurate occupancy levels using "the sessions", you could easily have a centre that is showing availability in every session, but reporting 90% occupancy. To maximise the staff to child ratio's centres normally try to fill days that are close to full first, sometimes though with working parents, it can be hard to achieve. When you look at availability, if you see centres reporting no availability in a few sessions, it would be reasonable to assume that, the centre is achieving high occupancy.

I also had a look at the ratings history of some of their centres and pleasingly, some of these ratings are improving. As there is a direct link between quality and occupancy this is very much a positive.

Islay