Difficult to comment on occupancy growth, there does not appear to be a 'like for like' in either the 2014 reports or the HY15.
Recent acquisitions/proposed acquisitions
October 2014 - 3.98 anticipated EBIT price paid per licensed place $22,619
October 2014 - 6.19 anticipated EBIT price paid per licensed place $59,090. (sterling group)
February 2015 - 4.00 anticipated EBIT price paid per licensed place $35,892
June. 2015 - 4.00 anticipated EBIT price paid per licensed place $14,105
November 2015 - 4.10 anticipated EBIT price paid per licensed place $ 29,700
The fact that there were very few acquisitions during the 2015 reporting year should make it easier to view organic growth, whilst taking into account, that childcare fees, on average have increased by 7.6% during the year.
Think (TNK) also added to their acquisitions yesterday, clear transparent reporting on acquisitions. Hopefully, this is something that G8 can work towards.
Yesterday was the sweetner, lets see what's next.
GEM Price at posting:
$3.54 Sentiment: None Disclosure: Held
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