GEM 0.00% $1.33 g8 education limited

Barring the obvious types of potential blow ups with GEM eg...

  1. 214 Posts.
    Barring the obvious types of potential blow ups with GEM eg becoming way over leveraged, not integrating new acquisitions, losing focus on operations leading to lower occupancy etc, the Citi valuation is a good downside type case ie only deploy existing capital at 6x, longer term mean reversion of margins, terminal growth slightly above inflation etc.

    Also, I think the recent UBS valuation is the bull case given it's assumptions are quite aggressive.

    So, probably more upside v downside at this point.
 
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