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71.5¢ embark early education limited

EVO could hit $3-$4 in the future, page-102

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hsv2001

3,477 Posts.

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01/11/19

10:48

Post #: 41194237
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Originally posted by GD4 ↑

I would suggest that it is possibly a bit of profit taking. For mine this share is absolutely a long term hold as they still have $10.8 million remaining from there $25 million capital raise for the purpose of acquiring new centres.

The initial acquisitions announced on 8/1019 and 14/10/19 will add $3.1 Million EBITA to there existing business . This amount could quickly almost double if they spend the $10.8 million of there remaining budget for new acquisitions.

If they do manage to acquire new centres then the Australian business could be adding up to $6 million EBITA to the NZ business and that is before you even consider that they have paid down $30 million off there line of credit which would possibly also be saving $1.5 million in interest which would go straight to the bottom line.

Note that they could also possibly use the redraw facility to acquire more centres.

Chris Sacre and Chris Scott have done this all before with G8 (GEM) and have invested heavily in Evolve and are implementing a plan to increase the profitability of the NZ business. This is a business going places in my opinion.

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Certainly hope you’re right, and news imminent to stop it falling :/ 2m just sold into 14c

EVO Price at posting: 14.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 71.5¢		Change -0.003(0.35%)		Mkt cap ! $114.8M

Open	High	Low	Value	Volume
72.0¢	72.0¢	71.5¢	$1.048K	1.461K

Buyers (Bids)

No.	Vol.	Price($)
2	13346	71.5¢

Sellers (Offers)

Price($)	Vol.	No.
72.0¢	140921	2

View Market Depth

No.	Vol.	Price($)
2	13346	0.715
2	47151	0.710
1	20000	0.700
2	10000	0.695
6	128590	0.690

Price($)	Vol.	No.
0.720	140921	2
0.725	8180	2
0.730	53963	2
0.740	20000	1
0.750	89541	2

Last trade - 11.24am 24/07/2024 (20 minute delay)

EVO (ASX) Chart