Interesting article in the AFR today stating that Education...

Interesting article in the AFR today stating that Education Centre of Australia is considering a $500m IPO. It doesnt provide much financial detail, other than it has $100m of revenues and is profitable. It also mentions that peers have high valuations, including IDP Education trading at >20x forward EBITDA and takeover target Navitas at 13x Ebitda. If this IPO goes ahead, it will highlight the strong demand for the high growth education sector and the latent potential value building in ASH. If you consider this, and compare ASH's labour business against PPE, ASH sp could double and still look like good value. In the meantime, you get a ~13% divvy including franking.