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67.0¢ embark early education limited

When groups are paying up to 6x for good centres it's hard to...

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TheScorpion

327 Posts.

15

28/12/23

13:56

Post #: 71642184
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Originally posted by bcc_100: ↑

Chris Scott needs to decide what the way forward is. He has touted buying centres on 4x EBITDA which is all well and good but he doesn't seem to be doing that and instead EVO itself is drifting down to 4x EBITDA – that's not how you get a public to private arb working. There are plenty of well heeled acquirers in the ECE sector so how on earth does he think EVO will compete with their $20m and an SP within earshot of its covid lows?

The big catalyst to revalue the SP was as we came out of covid the comps were going to look terrific and they did, but the re-rate has not eventuated, which would have opened the door to equity funding some acquisitions, so he needs to outline what Plan B is.

Let's see what happens in the new year.

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When groups are paying up to 6x for good centres it's hard to pay 4x!

EVO Price at posting: 61.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 67.0¢		Change -0.005(0.74%)		Mkt cap ! $106.8M

Open	High	Low	Value	Volume
67.5¢	67.5¢	67.0¢	$33.50K	50.00K

Buyers (Bids)

No.	Vol.	Price($)
3	51502	66.5¢

Sellers (Offers)

Price($)	Vol.	No.
67.0¢	23570	4

View Market Depth

No.	Vol.	Price($)
3	51502	0.665
2	45000	0.660
1	1900	0.650
1	1750	0.605
1	50000	0.600

Price($)	Vol.	No.
0.670	20089	3
0.675	11249	2
0.685	16274	2
0.690	75430	3
0.695	1701	1

Last trade - 15.46pm 03/05/2024 (20 minute delay)

EVO (ASX) Chart