Don't forget the institutions who took up the rights in the book build at 10c for an overnight book gain of 30% at the closing price of 13c. I say book gain because it may be difficult to offload a lot of shares without impacting the price.
Printable View
http://nzx-prod-s7fsd7f98s.s3-websit...516/301140.pdf
Director buying...
Early education sector is the most sought after for prospective employees... says the survey...
https://www.newstalkzb.co.nz/on-air/...ed-to-work-in/
So compared to the price pre the cap raise shareholders aren’t any better off ....except knowing the company debt is a bit lower and the company have some cash to take on the world.
Obviously the future is all about performing and delivering on the promises made
It seems that most of the shares sold over the past week have come from SALT
The price has shown considerable resilience in the face of this substantial selling.
https://www.careforkids.co.nz/childc...ne-graham.html
Interview with the CEO of Evolve. I find this interview quite “to the point” with regards to the challenges facing in the sector.
They estimate EBITDA for 2019 at 13.3 m. They say 2020 will have discontinued activities impacting but some Aus income and I hope a better performance from NZ. Maybe an EBITDA of 20m is possible for 2020 allowing say 1cps div or 9.7 m. Thus a 15c share price would translate to a 6.7% net div yield. PE is harder to assess as I'm unsure on depn, Fixed asset write offs and tax payable for 2020. If the march 2021 year has no legacy issues and Aus is making a full contribution then maybe a net profit of 20m is possible. We will benefit from low interest rates on our 30m of debt. Thus eps of 2cps which on a PE of 15 translates to a SP of 30. Chris Scott and Chris Sacre and related parties appear to control EVO and with so much skin in the game and past experience at G8 I am very optimistic about the future.
Director Chris Sacre increasing holding from 37M to 47M on-market trades
Chris Sacre and Upton124 Pty Ltd...........total number held in class: 62,180,500
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Between 21 May 2019 and 8 July 2019, Upton124 Pty Ltd acquired shares through the following transactions:
1. Acquisition of 1,180,000 shares for NZ$0.085 per share (the consideration being NZ$100,300 in aggregate) on 17 May 2019 pursuant to the institutional entitlement
2. Bookbuild component of the accelerated rights entitlement offer announced by Evolve Education Group Limited on 8 May 2019.
2. Acquisition of 37,000,000 shares for NZ$0.10 per share (the consideration being NZ$3,700,000 in aggregate) on 6 June 2019 pursuant to the retail entitlement bookbuild component of the accelerated rights entitlement offer announced by Evolve Education Group Limited on 8 May 2019.
3. Aggregated on market acquisitions of 9,010,500 shares for total consideration of NZ$1,106,627.37 between 13 and 17 June 2019.
4. Off market acquisition of 14,990,000 shares for consideration of NZ$1,967,437.50 on 8 July 2019.
I am 'Well positioned' and much better percentage to date then SUM others
The acquisition as part of the book builds were at $0.085 and $0.10
Average price for the June purchases NZ$0.1228
Average price for the July off-market purchase NZ$0.13125 (or about A$0.125 and an exchange rate of just over 0.95)
The average price Chris has been prepared to pay has increased :)