I believe vacancy rates may not always be a true indicator of a successful child care operator. Obviously if the rate is very low then that is a concerm, however at some level a child care centre operates on break even. Above that level is profit and as an investor to expect (or demand) 100% occupancy is unrealistic. I would expect that if GEM had centres with 100% occupancy then they would be looking to open more centres in those areas. GEM also has overseas exposure which doesn't seem to get much coverage in HC posts.
I have been adding to my holding, as yield, steady growth, increasing dividends, dividends paid quarterly and the tailwind of a growing child care market/demand, for my mind put GEM ahead of many other ASX stocks. Motley Fool continues to have GEM as a BUY recommendation - given July 2015 (reaffirmed in June 2016) when SP was $3.06, however, although the SP has risen since then the BUY recommendation remains.
DYOR as I am not a licensed advisor - just a small time investor - what would I know!
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$1.27 |
Change
-0.020(1.55%) |
Mkt cap ! $1.028B |
Open | High | Low | Value | Volume |
$1.29 | $1.29 | $1.26 | $743.7K | 586.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6865 | $1.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.28 | 19516 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6865 | 1.265 |
2 | 6865 | 1.260 |
3 | 10745 | 1.255 |
3 | 19341 | 1.250 |
2 | 4512 | 1.245 |
Price($) | Vol. | No. |
---|---|---|
1.280 | 19516 | 2 |
1.285 | 6865 | 2 |
1.290 | 275 | 1 |
1.300 | 44350 | 3 |
1.305 | 27027 | 1 |
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