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64.0¢ mayfield childcare limited

To be fair, a large majority of childcare centres across the...

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8 Posts.

25/07/24

11:30

Post #: 74910807
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Originally posted by Saluna: ↑

I hope that's the case Barren, but the cynic in me thinks the opposite might be true re: your points:

1. Directors appointed by the incumbent Board will likely be appointed if inclined to vote with the current Board. They are hardly going to appoint directors who don't agree with their strategy;

2. A high number of open positions may simply be indicative of a high turnover and a business in operational turmoil, which the results of the last 18 months suggest is exactly what it is;

3. Mayfield have shown no capacity to increase occupancy (the opposite is true), so history suggests they are certainly not capable of doing a turnaround at scale. Although we need to see Cargo numbers before knowing if it's a turnaround or independently profitable of other centres not being acquired

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To be fair, a large majority of childcare centres across the country have experienced higher than usual staff turnover in the past 18 months. The entire sector is facing an ongoing workforce crisis with no clear path out just yet.

MFD Price at posting: 71.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 64.0¢		Change -0.010(1.54%)		Mkt cap ! $41.80M

Open	High	Low	Value	Volume
64.0¢	64.0¢	64.0¢	$497	776

Buyers (Bids)

No.	Vol.	Price($)
1	19224	64.0¢

Sellers (Offers)

Price($)	Vol.	No.
65.5¢	4000	1

View Market Depth

No.	Vol.	Price($)
1	19224	0.640
1	5000	0.635
1	1075	0.610
1	5000	0.600
1	1662	0.575

Price($)	Vol.	No.
0.655	4000	1
0.660	11000	1
0.685	15000	1
0.690	10000	1
0.700	2366	1

Last trade - 16.10pm 29/08/2024 (20 minute delay)

MFD (ASX) Chart