From the MarcusToday Newsletter
G8 Education (GEM +3.40%) – Broker Moelis reduced its earnings estimates leading into 1H16 results, cutting CY16 EBIT estimates by 7% to reflect a slower than expected acquisition run rate, weak trading conditions in WA and a higher forecast capex spend. The analyst has a hold recommendation with a target price of 388c. While they believe consensus earnings downgrades are likely, they see this as a potential buying opportunity, noting GEM attractive features including: (1) high cash conversion business; (2) high fully franked dividend yield; and (3) defensive sector with both the Coalition Government and Labor proposing generous child care packages.
I'm a LT holder and likely to stay that way unless SP goes outrageously high
GEM G8 Education, page-23
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Last
$1.27 |
Change
0.030(2.42%) |
Mkt cap ! $1.032B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.28 | $1.24 | $2.957M | 2.336M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2678 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 2638 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| GEM (ASX) Chart |