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  1. #821
    Legend Balance's Avatar
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    Feb 2003
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    Quote Originally Posted by Greekwatchdog View Post
    Sad but for kids but good news for EVO. Hope they can take advantage. https://www.stuff.co.nz/business/ind...ng-total-to-14
    High time the government tightens up and clamp down hard on the proliferation of child care centres - so there are only the properly & professionally run ones like Evolve.

    There is still spare capacity in the industry so the kids will find a place to go to - but probably not as close or handy.

    Cade in point - daughter of good friend could not get a place for her 1 year old in Auckland’s North Shore for nearly 2 months in Nov last year. Had to go on waiting list until a place became available.

  2. #822
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    Aug 2015
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    What do people think of the results.I'm not a expert by any stretch but i presume any profit in the conditions is good.

  3. #823
    Senior Member
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    Jul 2020
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    Chrsitchurch
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    Solid given the conditions and a good starting point from here given they seem to have cleaned out all the dead wood.

  4. #824
    Legend Balance's Avatar
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    Quote Originally Posted by Greekwatchdog View Post
    Solid given the conditions and a good starting point from here given they seem to have cleaned out all the dead wood.
    Good results - in line with my expectations and laying the foundation for a bigger re-rating next results.

    Occupancy up and stabilising.

    Discounting over.

    Costs brought under control.

    Cash in the bank.

    More acquisition in the pipeline.

  5. #825
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    Auckland
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    Quote Originally Posted by Balance View Post
    Good results - in line with my expectations and laying the foundation for a bigger re-rating next results.

    Occupancy up and stabilising.

    Discounting over.

    Costs brought under control.

    Cash in the bank.

    More acquisition in the pipeline.
    Nice turnaround in action. Will be looking to buy more on any weakness. Market may take some time to wake up to the potential here.

  6. #826
    Guru Rawz's Avatar
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    Jun 2020
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    This is one of the few stocks on the NZX one can double their money in a couple of years IMO.

    The new board have very successful ECE backgrounds and are masters of using other peoples money to grow earnings. I purely invested on the board/management team.

    The numbers already show the turnaround is in effect. And that is with a year of COVID interruptions.

    Occupancy rates can continue to grow. Lowering variable costs.
    Cash in the bank for acquisitions.

    Often overlooked this stock.

  7. #827
    Investor
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    Jul 2014
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    BOOM....

  8. #828
    Senior Member
    Join Date
    Sep 2001
    Location
    Wellington, , New Zealand.
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    626

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    Quote Originally Posted by sb9 View Post
    BOOM....
    Yes double boom. Acquisitions at just under 4x EBITDA and a confirmed intention to restart dividends

  9. #829
    Senior Member
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    Apr 2008
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    auckland
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    Nice one. Finally start to producing cash for shareholders. Wonderful management It is going to be my dividends stock for a while

  10. #830
    Guru Rawz's Avatar
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    Jun 2020
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    "Minimal additional support office costs".
    Economies of scale at play.
    And when they start to use debt to purchase new centers the ROE is going to go through the roof.

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