EVO - Evolve Education

[winner69]

At first glance todays announcement is not encouraging.

Even if the offer of future dividends.

So ebitda in 2021 could be less than 2020 ...with the new centres on board

But 2022 going to be a boomer so no worries

Must be frustrating fighting government immigration policy .....but they’d say plenty of kiwis available to do child care learning stuff.

[Rawz]

This is not a good update.

Much to my surprise there is no growth in occupancy in NZ. And maybe even discounting to maintain 70% since underlying ebitda less than last year, even with the new centres as w69 points out.

[Rawz]

Nice of them to give the market their expectation for FY22. $23-$25m underlying EBITDA would be a fantastic result. And close to the numbers they did back in 2017 ($26.25m) under 80% occupancy.

I guess with FY22 expectation and the coming dividends its worth holding?

[winner69]

Jeez 85 cents (or 8.5 cents in old lingo) is pretty low

Hmmm

[Rawz]

Jeez 85 cents (or 8.5 cents in old lingo) is pretty low

Hmmm

Sad aye. Guess that's what a not so great update will do to a sp. Market had growth baked into the SP!

Trading on a historical 11.7 p/e now.
Maybe on a FY21 p/e of 15
and a FY22 of 9.5

With hindsight we retail investors were lucky we didnt get the opportunity to invest in the recent capital raise. That was done at $1.25 right?

[Muzz1234]

Any wise souls know what's going on with this stock when fall may stop know percentage rates in nz centres aren't great 70 or less does that warrant current share price

[Balance]

Any wise souls know what's going on with this stock when fall may stop know percentage rates in nz centres aren't great 70 or less does that warrant current share price

Markets hate earnings downgrade.

[sb9]

Markets hate earnings downgrade.

Add to that lockdowns across big cities in AUS doesn't help..

[Muzz1234]

And further down we go 76cents be interesting to see if it can slide much further

[Beagle]

I've been consistently bearish on this stock over the years and been consistently right.
The current lockdown situation in Australia and over supply of childcare centers in N.Z. does not bode well for this company. Technically, this looks like a train wreck and screams get out and stay out until there is a clear change of trend, (break up through the dark line (100 day moving average)
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