In my opinion G8 are very aware of the potential in some of the centres within the Affinity Group.
Many centres who have sold to Affinity would also have approached G8 when considering selling. DD would have been carried out by both corporates, with the centres selling to the highest bidder. G8 would be in possession of three years of financials and three years utilisation levels of some of those centres within the Affinity Group, and watched carefully as Affinity allowed occupancy to fall. This will allow G8 to identify and move quickly on under performing centres from the Affinity Group. They will have a time frame set for improving occupancy in those centres and will look at increasing confidence in the service delivery with parents, staff and the community very quickly.
My comments on G8 are based totally on the operational focus of the group.
GEM Price at posting:
$3.32 Sentiment: None Disclosure: Held
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