Price leading up to Div, page-6

People worry about occupancy rates for the wrong reasons. In a perverse way, a low occupancy rate is great at this stage of the cycle. G8 are profitable at the current occupancy rate, so there is considerable speculative upside if their centres are a third empty. As EQ opines, the focus should be on their strategy going forward.

Childcare centres will always be beholding to govt largesse, that's almost inescapable. I very much doubt G8 can change the market without it. What they do control are their overheads and, in spite of mandated manning levels, they appear to be addressing this.