Company is in reasonable shape considering all the disruptions of the pandemic on childcare – decent balance sheet, good cf, really just a reasonable set of assets that someone would pay far more than the market currently.
What needs to happen here is management and the board articulate a strategy for how shareholder value is realised. They need to assume that their cost of equity is far too expensive at the moment, and that the sector is probably about to head into a consolidation.
Based on prices floating around for good centres there is an incredible amount of latent value sitting there waiting to be tapped. Management are kidding themselves thinking they are going to be able to buy up centres in a consolidation with their share price languishing where it is; that's not how roll-ups work.
The best way forward is surely to realise the value of the centres through a sale.
Amirite?
Company is in reasonable shape considering all the disruptions...
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Last
81.0¢ |
Change
0.015(1.89%) |
Mkt cap ! $129.2M | |||
| Open | High | Low | Value | Volume |
| 79.5¢ | 81.5¢ | 79.5¢ | $291.6K | 362.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23000 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 19580 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| EVO (ASX) Chart |