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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$1.30 |
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No. | Vol. | Price($) |
---|---|---|
27 | 20370 | $1.30 |
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Price($) | Vol. | No. |
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14 | 30506 | 1.290 |
12 | 17161 | 1.285 |
9 | 36365 | 1.280 |
7 | 10468 | 1.275 |
Price($) | Vol. | No. |
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1.300 | 47094 | 7 |
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1.310 | 27902 | 11 |
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