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Thread: Evolve IPO

  1. #1
    Reincarnated Panthera Snow Leopard's Avatar
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    Question Evolve IPO

    First I have heard of this:

    Evolve IPO runs hot

    Best Wishes
    Paper Tiger
    om mani peme hum

  2. #2
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    Had heard that PORSE was being sold, did not know who to though.
    Is this where some of the selling in RYM and Sum have/will go??

  3. #3
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    Thumbs up One for Roger

    Another article in the Herald

    going for $1,
    loss this FY (2015),
    profit next,
    dividends all round.

    and Norah Barlow.

    Best Wishes
    Paper Tiger
    om mani peme hum

  4. #4
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    Loving the prospectus. It has all the box ticking bits. Especially like the dividend policy of 40%-60% NPAT - nice and conservative. The net dividend is okay assuming they can deliver the harmonious amalgamation. A generally professional prospectus.

    Not overly keen on only forecast info and none of the previous year info. Presumably they would argue that this is without PORSE and Lollipops, but I still want to know what was running prior to their empire build.

    Seems to be a bit rushed to get everything clear before Christmas.

    I'm in for this one I think, if I can get some that is.

  5. #5
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    Quote Originally Posted by GoldenStag View Post
    Not overly keen on only forecast info and none of the previous year info.
    Ignore this, it is supplied on the website. A non-event.

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    Another acquisition for Evolve. Looking forward to the float this morning
    https://nz.news.yahoo.com/a/-/top-st...lve-education/

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    What happened to ABC learning with its MCAP of 2.5 billion in 2006 on the ASX?
    They were running the same strategy as evolve.

    Good luck for those who are in for the long term. Too much risk for me. Govt changes to funding in this industry are messy to say the least.

    I have a feeling that this one will always underperform due to "external factors".

    DYOR

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    Really like the look of this one myself. Thought the offer price of $1 was very competitive, Impressive margins on projections. Not too worried about regulation pressures... Nice long -termer

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    Quote Originally Posted by benjitara View Post
    Really like the look of this one myself. Thought the offer price of $1 was very competitive, Impressive margins on projections. Not too worried about regulation pressures... Nice long -termer
    I agree, I like it too Benjitara. I'm not concerned about govt regulation - it would be an incredibly unpopular move to reduce funding for early childhood education (ECE) with the cost of living the way it is - many families need two earners. From memory the prospectus talked about how the number of women going back into the workforce is increasing by 2% per year. I love companies with significant macro trends fueling demand (think Ryman etc).

    I have friends who own ECE centres and they're cash cows.

    The directors of this company also have a successful record of consolidating companies (from memory they did it with pharmacy companies) and this model has been successful with ECE centres in Australia recently (delivering significant shareprice appreciation for shareholders). Institutional demand for EVO was strong in Australia (probably in part for this reason).

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    A broker(Forbar) has started coverage on EVO. Outperform rating and target of 1.21
    More details here
    http://markets.ft.com/research/Marke...asts?s=EVO:NZC
    and here
    http://www.reuters.com/finance/stock...?symbol=EVO.NZ
    No advice here. Just banter. DYOR

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    Quote Originally Posted by noodles View Post
    A broker(Forbar) has started coverage on EVO. Outperform rating and target of 1.21
    More details here
    http://markets.ft.com/research/Marke...asts?s=EVO:NZC
    and here
    http://www.reuters.com/finance/stock...?symbol=EVO.NZ
    If they do make the target price in the next year, couple that up with a dividend, and you could see 25% returns.

    Of course there is further upside if (when) more eps accretive acquisitions are made.
    No advice here. Just banter. DYOR

  12. #12
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    Norah Barlow and Forsyth Barr, names you can really "trust". Credit Sails, Feltex, South Canterbury Finance, SUM insider trading. Good luck Noodles.
    Last edited by Beagle; 15-01-2015 at 10:35 AM.

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    3 million shares yesterday and another 3 million today - milford buying even more ?

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    Quote Originally Posted by hilskin View Post
    3 million shares yesterday and another 3 million today - milford buying even more ?
    Apparently because similar companies to EVO in Aus have had largely positive earnings announcements recently there is Australian institutional demand for EVO (i.e. looking for similar company in NZ)
    Last edited by Slam dunk; 24-02-2015 at 12:41 PM.

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    Thanks Slam dunk, that would explain it and I will be watching with interest.

    Hold.

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