That I would very much doubt.
We must remember "when you sup with the devil you need a long spoon."
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Ben Graham reckons the right PE for a no growth company is 8.5 and guess what, that's about where the company is now after the major SP correction. I wouldn't trust this management so wouldn't be interested at any price. It would appear that one of the prerequisites to conning the public and getting a great IPO price is to simply talk about growth plans regardless of whether they are actually feasible, credible or realistic or not, (Tegal another good example) and the gullible public lap it up like lambs to the slaughter. A fine example of another bit of tough old mutton dressed up as fresh spring lamb. Some of us warned about this old mutt right from the outset and also the old tough inedible Tegal bird.
Nice jump for this one recently. Moved from under 50c a few days ago to close over 60c for the first time in a few months. Is this just a short-term spike before it returns to the low 50's (or even lower) again. Is it the start of a return to previous higher levels and the tough old mutton will give some tasty meals for those prepared to take the risk?
I suppose if you throw it in the pot long enough and stew it, it might be edible but I think there are SUM far tastier opportunities.
Keep in mind the vast amount of intangibles on the balance sheet, all predicated upon the assumption that the centers acquired would generate far more profit than they currently are...you think that might undermine the real value of those intangible assets more than just a bit !
I love it when companies have ‘a year of transition’ ....all bodes well for the future
Bit miffed with Jacinda not helping them out more
And they reported a LOSS but looking forward normalised is OK and a divie coming
http://nzx-prod-s7fsd7f98s.s3-websit...554/279962.pdf
Inside gossip from the coal face.
Morale never been lower at Evolve centers.
Cost cutting taken to even more extreme level's.
Manipulation of qualified staffing level's by sending qualified caregivers to center's under audit and later reassigning them back to their regular center's when audit finished, (effectively gaming the system that's established in terms of qualified to unqualified staff minimum legislated ratio's)
Increasing use of minimum wage employees with inadequate training and inadequate supervision
Just what the hound heard by pricking up his ears at a recent family lunch.
Evolve in the news again
https://www.stuff.co.nz/national/104...her-hiv-status