Average occupancy reported 78.8%, would expect to see a higher occupancy level reported over the next eight months. The change to ratios in January 2016, saw Think reconfigure all of their existing centres. Reconfiguration and restructuring age groups has increased their licensed places by 75, creating the opportunity of possible increased revenue of $1.8m per annum, without purchasing another centre.
The recent acquisitions were high occupancy centres in high growth areas of Sydney. Acquisitions because of potential not for centre accumulation. They will spend time transitioning every acquisition and developing and supporting staff to ensure quality delivery of care.
The transparency in their reporting is refreshing.
TNK Price at posting:
$1.54 Sentiment: None Disclosure: Not Held
