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
$1.33 |
Change
0.000(0.00%) |
Mkt cap ! $1.076B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.32 | $2.986M | 2.241M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8560 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 13364 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| GEM (ASX) Chart |