Australia's largest stock trading and investment forum Australia's #1 stock forum

EVO

Click for more information

0.00%

80.0¢ embark early education limited

Certainly hope you’re right, and news imminent to stop it...

First 102 Last

Share
Profile

Follow
hsv2001

3,484 Posts.

310

01/11/19

10:48

Post #: 41194237
Share

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.

Expand

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
1 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

FFM

Firefly positioned for copper growth in Canada ahead of resource update

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

There are more pages in this discussion • 46 more messages in this thread...

First 102 Last

Add EVO (ASX) to my watchlist

(20min delay)
Last 80.0¢		Change 0.000(0.00%)		Mkt cap ! $127.6M

Open	High	Low	Value	Volume
80.5¢	81.0¢	80.0¢	$213.4K	266.5K

Buyers (Bids)

No.	Vol.	Price($)
2	11110	79.5¢

Sellers (Offers)

Price($)	Vol.	No.
80.5¢	9899	1

View Market Depth

No.	Vol.	Price($)
2	11110	0.795
3	45846	0.790
1	25500	0.785
2	6450	0.780
2	9450	0.775

Price($)	Vol.	No.
0.810	20000	1
0.815	68311	1
0.820	21122	3
0.830	100000	2
0.845	5305	1

Last trade - 10.51am 03/10/2024 (20 minute delay)

EVO (ASX) Chart