EVO - Evolve Education

[cyclist]

You need to be aware that there are SRN (issuer) and HIN (broker) numbers in the land of Oz.
Check with the broker you use whether they want/need you to move from SRN to HIN.
It may avoid a lot of trouble later.

Thanks. They have just confirmed I can sell as long as I have the SRN.

For other's interest: I've never done the paperwork to buy and sell on the ASX, but selling an existing holding can be done via Jarden without that. Or that is what they said anyway. Once prompted, Jarden also very quickly did the entries to correctly reflect the transfer in my portfolio.

[maclir]

In case it is helpful to anyone:

Yesterday I asked link market services nz:



Today's reply:

.

Letters???? Email, please.

[sb9]

Positive market update with occupancy into mid 80s now and topped it off with 2c divvy. Onwards and upwards!!!

[Balance]

Positive market update with occupancy into mid 80s now and topped it off with 2c divvy. Onwards and upwards!!!

Nice!

Best thing they have done to jettison NZ and concentrate on Australia.

https://quoteapi.com/resources/97bfb...pdf?download=1

[sb9]

Nice!

Best thing they have done to jettison NZ and concentrate on Australia.

https://quoteapi.com/resources/97bfb...pdf?download=1

Strong close at 70c, should see it get close to a buck soon.

[Balance]

Strong close at 70c, should see it get close to a buck soon.

Hope so! Been a hard turnaround story!

But she is finally on the way!

[nztx]

Still a nice pile of Imputation credits with this one to pad up the Div's for Kiwi holders ?

[silverblizzard888]

Hope so! Been a hard turnaround story!

But she is finally on the way!

More to come once things settle. I think they wanted to complete the NZX delisting and ASX main listing before they started too much more expansion. Now that everythings complete they should be full steam ahead!

[Balance]

More to come once things settle. I think they wanted to complete the NZX delisting before they started too much more expansion. Now that everythings complete they should be full steam ahead!

I recall being told by one of the EVO executives that they operate on the basis that their childcare centres breakeven at 70% occupancy, reasonable return at 80% and super profits from above 85%.

They are now comfortably above 85%.

[silverblizzard888]

I recall being told by one of the EVO executives that they operate on the basis that their childcare centres breakeven at 70% occupancy, reasonable return at 80% and super profits from above 85%.

They are now comfortably above 85%.

Yes you're right I think I remember coming across a similar stat too. They will be making a extra couple of million of profit at the current rate since the leasing cost is usually their biggest cost, more occupancy is nearly pure profit apart from the labour cost. Last year the profit for Australia was $5 million NZD, if they bring that up to say $7 million NZD based on occupancy rates and make some extra acquisitions using their $26 million with no debt either, they could generate $8-10m be year end, which would be a good result. With interest rates looking like they will drop next year they should do pretty well as a high dividend payer. At some stage when interest rates are lower I expect them to start issuing bonds and going back to Chris Scott's famous G8 Education playbook.