Im interested in dicussions about (ELY) Early Learning Services; They are a newly listed Australian childcare service provider (CCSP) and according to their presentation 14/03/08, they have 31 childcare centres expanding to 46 by year end, and aim to be the second largest AU listed ccsp.
Directors have advised that they have no margin loans agains the co, and balance sheet is healthy for expansion.
Can anyone explain what is meant by them owning the leasehold rather than the freehold please? They listed at $1 in 12/07 and Im wondering if they may be a speculative buy at current prices.
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