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Thread: Evolve IPO

  1. #556
    Reincarnated Panthera Snow Leopard's Avatar
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    I need a new rule book as I have broke every rule in the old one and bought a few shares
    om mani peme hum

  2. #557
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    Quote Originally Posted by Snow Leopard View Post
    I need a new rule book as I have broke every rule in the old one and bought a few shares
    Would you like to enlighten us what made you interested in EVO?

  3. #558
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    Quote Originally Posted by Snow Leopard View Post
    I need a new rule book as I have broke every rule in the old one and bought a few shares
    There's a lot of good reasons not to be invested in Evolve - just reread some of this thread. There's also a few why it could be worth the risk. Was your reason to buy any of the following?
    The number of females in NZ aged 20 to 34 has increased 19.5% between 2013 and 2018. This could increase the NZ birth rate at some stage and result in more children needing childcare.

    NZ's net migration continues to increase the NZ population in their 20's - see above.

    Insiders have a lot of skin in the game - Chris Scott has a 19% stake.

    Chris Scott built up G8 in Australia so he should know what he's doing in the childcare space.

    While profits have been hit by declining occupancy, if this can be reversed it will cause profits to grow rapidly.

    The capital raise had Salt buying rights then selling them (for a profit). This has negatively impacted on the share price.

    Insiders recently bought - Director Chris Sacre has increased his stake to 6.387% including $3m of on/off market purchases during June/July

    The new director Hamish Stevens has been involved with the institute of directors since Nov 2012 and would therefore be fully aware of careful due-diligence before associating yourself with a new company. He obviously sees a worthwhile risk/reward balance on being associated with Evolve.

  4. #559
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    Quote Originally Posted by Snow Leopard View Post
    I need a new rule book as I have broke every rule in the old one and bought a few shares
    So you could go & play with the kids?

  5. #560
    Reincarnated Panthera Snow Leopard's Avatar
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    "Anyone who dislikes children and dogs can not be all bad" to misquote somebody (probably W C Fields)

    Having read the FY19 report and post the capital raise what I see is a well capitalised company which is essentially profitable being run by people with skin in the game and a good track record in this field.

    I believe at the current market price the risk/reward profile is net reward and so I bought some shares so that I will keep a close eye on where it goes.

    And if it looks like it is on the up I will buy a decent stake.
    om mani peme hum

  6. #561
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    Thanks SL, might be worth another look.

  7. #562
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    I had a look at the TA and noted it looks ugly. Turning their occupancy rate around is the key and I think its like turning the Titanic around. Doesn't matter how experienced the skipper is if the rudders are too small. (My less than cryptic way of saying there are systemic issues within the company and the industry).
    No butts, hold no mutts, (unless they're the furry variety).

  8. #563
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    The only thing I feel about investing in this share is "Danger Will Robinson, Danger!!!"

  9. #564
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    Chris Scott as MD
    Chris Sacre as Australia Country Manager

    Looks like the two Chris are slowly taking over the management of the company.

    https://www.nzx.com/announcements/339273

  10. #565
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    Quote Originally Posted by silverblizzard888 View Post
    Chris Scott as MD
    Chris Sacre as Australia Country Manager

    Looks like the two Chris are slowly taking over the management of the company.

    https://www.nzx.com/announcements/339273
    All good in my book. Many companies pay a fortune in shares and performance bonuses to get senior mgmt to have skin in the game so their interests align with shareholders.

  11. #566
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    Caught up with family members involved in EVO centres on the weekend.
    Please see previous posts over the years and I note anyone who has taken note of my cautionary posts would have saved themselves a small fortune in wealth destruction.
    Dynamics in terms of supply demand have not changed in the industry, if anything they continue to deteriorate.

    Obviously I cannot share too much as it would then be possible to track back to my sources and they could be in real trouble but this is what I can say.
    1. EVO simply do not understand the need to invest in their facilities. Things like doing up the tired old lunchroom is basic absolute minimal maintenance but EVO are trying to shift the cost of this on to the community and get it done for free.
    2. EVO took over a number of privately run facilities years ago some of which had unique features that marked them out as attractive in their community. These unique features have been lost in the move to a corporate structure and EVO management simply do not recognise the importance to the community of having a deafferented product offer relative to the area in which the centre's operate.
    For example, a semi rural privately owned centre might have had the nice touch of a couple of farm animals for the kids to interact with. This has all been lost and its importance is not understood by EVO management.
    3. EVO invest absolutely nothing in their facilities other than the absolute bare bones basics legally required.
    4. EVO do not understand, or do not want to understand that their are newer flasher facilities coming on stream from their competitors which better gear, equipment and teacher aids.
    5. Everything in terms of maintenance must be run right up the authority channel and is signed off by a senior manager who is known to take an approach towards maintenance expenditure that is simply diabolically tough such that its begs the question if EVO understand the need to keep their facilities maintained to even the most basic standard.

    Hard to believe me ol mate Norah Barlow is still there milking directors fees after the tremendous destruction in market value she has presided over...

    My conclusion...nothing has really changed and I reiterate all previous warnings and concerns expressed. The Australian expansion is nothing in my opinion other than a red herring to draw new investors in and to try and divert attention away from their truly appalling track record of wealth destruction in New Zealand.
    Last edited by Beagle; 20-08-2019 at 05:39 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  12. #567
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    Quote Originally Posted by Beagle View Post
    Caught up with family members involved in EVO centres on the weekend.
    Please see previous posts over the years and I note anyone who has taken note of my cautionary posts would have saved themselves a small fortune in wealth destruction.
    Dynamics in terms of supply demand have not changed in the industry, if anything they continue to deteriorate.

    My conclusion...nothing has really changed and I reiterate all previous warnings and concerns expressed. The Australian expansion is nothing but a red herring to draw new investors in and to try and divert attention away from their truly appalling track record of wealth destruction in New Zealand.
    Thanks, Beagle.

    Most helpful.

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