It probably has got more centres in its sights. There are nearly 17,000 childcare centres in Australia [number extracted from http://ifp.mychild.gov.au], and GEM has only a few hundred of them. ABC Learning had over 1,000 centres when it collapsed, and I would expect GEM to try to get well past that total. ABC sank under weight of debt, and GEM will have learned from that debacle not to over-use debt. I expect GEM therefore to progressively add to both debt and equity as it builds up its portfolio. I'm actually not wildly enthusiastic about that, because I think shareholders would be better served if GEM grew (more slowly) using only debt and profits.
It probably has got more centres in its sights. There are nearly...
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Last
$1.16 |
Change
-0.015(1.28%) |
Mkt cap ! $891.1M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.16 | $680.7K | 588.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 188454 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 20488 | 2 |
View Market Depth
| Last trade - 16.11pm 23/06/2025 (20 minute delay) ? |
| GEM (ASX) Chart |