As ABC Learning Centres Limited, look for further acquisition to...

As ABC Learning Centres Limited, look for further acquisition to improve their EBIT for the year, the last remaining listed childcare operator CFK Childcare Centres Limited is an obvious target. CFK is controlled by Macquarie Bank Limited which is a likely seller at the right price and if ABC pay’s anything like the $65 million they paid for Macquarie’s 49 New Zealand Childcare Centres, then the current market capitalisation of CFK at $30 million looks ridiculously low. You do the maths……