EVO - Evolve Education

[winner69]

Comforting words from Evolve today didn’t seem to reassure the market

Down more than AIR and they had a shocker of an announcement

http://nzx-prod-s7fsd7f98s.s3-websit...590/318342.pdf

[Balance]

Comforting words from Evolve today didn’t seem to reassure the market

Down more than AIR and they had a shocker of an announcement

http://nzx-prod-s7fsd7f98s.s3-websit...90/318342.pdf*

* Confirmation of Year End Date: The financial year end date for EVO is 31 March. EVO expects to announce results for the financial year ended 31 March 2020 on 25 May 2020.

https://www.nzx.com/announcements/351514

"Evolve Education Group Limited (NZX/ ASX: EVO) advises that NZ Inland Revenue has approved its application to change the EVO balance date to 31 December annually."

From no change in balance date, to massive change in balance date - to 31 December.

One of the red flags that one looks for when a company is trying to fudge its results or defer the inevitable - while it attempts to raise more capital.

[winner69]

* Confirmation of Year End Date: The financial year end date for EVO is 31 March. EVO expects to announce results for the financial year ended 31 March 2020 on 25 May 2020.

https://www.nzx.com/announcements/351514

"Evolve Education Group Limited (NZX/ ASX: EVO) advises that NZ Inland Revenue has approved its application to change the EVO balance date to 31 December annually."

From no change in balance date, to massive change in balance date - to 31 December.

One of the red flags that one looks for when a company is trying to fudge its results or defer the inevitable - while it attempts to raise more capital.

Yep, we’ve both seen the good old change the balance trick over the years eh Balance.

Definitely a red flag

[carrom74]

* Confirmation of Year End Date: The financial year end date for EVO is 31 March. EVO expects to announce results for the financial year ended 31 March 2020 on 25 May 2020.

https://www.nzx.com/announcements/351514

"Evolve Education Group Limited (NZX/ ASX: EVO) advises that NZ Inland Revenue has approved its application to change the EVO balance date to 31 December annually."

From no change in balance date, to massive change in balance date - to 31 December.

One of the red flags that one looks for when a company is trying to fudge its results or defer the inevitable - while it attempts to raise more capital.

The very reason for having a special meeting last fortnight was to get some leeway to raise more capital. The last placement was for A$0.13 and was paid mostly by the top management which is 50% more of the current sp. the current CEO has invested a lot and has a lot of skin in the game. Hope he doesn’t fail

http://nzx-prod-s7fsd7f98s.s3-websit...587/318338.pdf

Disc-Holder

[nztx]

https://www.nzherald.co.nz/hawkes-ba...ectid=12322866

"Covid 19 coronavirus: No risk to children at Napier daycare from worker who tested positive"

from article -

"A team member at Active Explorers Greenmeadows in Napier has tested positive for coronavirus after coming in close contact with an infected family member.

On April 2, an email was sent to the parents of children who attend the daycare on Kennedy Rd by Evolve Education Group, who own more than 120 centres across New Zealand."

[Cadalac123]

hmm well let’s see completely out of EVOs control a worker turns out to have covid no kids in hospital from the daycare . Move on.

[carrom74]

Hope this helps Evolve...

https://www.newstalkzb.co.nz/on-air/...hood-teachers/

[nztx]

Hope this helps Evolve...

https://www.newstalkzb.co.nz/on-air/...hood-teachers/

Wonder how things are chugging along with Aussie Govt funded Childcare facilities EVO has presumably been mopping up ?

[carrom74]

Wonder how things are chugging along with Aussie Govt funded Childcare facilities EVO has presumably been mopping up ?

That’s in cold storage- the mop ups didn’t proceed- reasons- you guessed it- Covid

[Cadalac123]

That’s in cold storage- the mop ups didn’t proceed- reasons- you guessed it- Covid

Yeah they acquired 10 before and lost out on 5, still have 5 from the november acquisition. Will be interesting to see the report.