In January 2016 centres will be restructured to accommodate the implementation of reduced ratios.
Concerning, is how, as a result of these changes there will be either a decrease in income or an increase in employee expenses and what effect those changes will have on the goodwill valuations of centres.
How will centres report their occupancy? Will it be reflective of current licensed numbers, which will see reduced occupancy levels or will we see licensed numbers, officially reduced through application to regulatory bodies?
Anyone who has been following the Slater & Gordon thread (SGH) will have read the comparisons to ABC and comments about the high valuations of goodwill. IMO the introduction of Ernst & Young may bring some reporting changes to G8.
@seamisty my earlier post about reporting on and balancing acquisitions to end of year reports, by your nemesis JH in the early days worth having a look at. Thank goodness Chris Scott relieved her of her duties in that department.
IMO & DYOR
GEM Price at posting:
$3.30 Sentiment: None Disclosure: Not Held
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