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24-07-2017, 04:03 PM
#251
Junior Member
My shares went last week at .97 in favour of Sum. Lost the faith.
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24-07-2017, 04:06 PM
#252
Originally Posted by percy
Sold the balance of our holding at 98 cents per share this morning,after not being impressed by either The Chairman's,or the CEO comments, in the annual report.
You've been a long time supporter so things must look pretty "ordinary"... Wonder if Noodles still a fan ?
Last edited by Beagle; 24-07-2017 at 04:07 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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24-07-2017, 06:04 PM
#253
Originally Posted by percy
Not the result I was expecting.
Sold 75% of our holding.
Has brought the average cost of the balance to 68 cents per share.
Beagle, I think Noodles would have sold straight away after reading the result on 22nd May.
His reaction time has always been quicker than mine .!!...lol.
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27-07-2017, 09:25 PM
#254
I'm sure you're right Percy (I got out too)
Interesting to see a preschool teacher's Herald opinion piece this week on the shamefully cramped conditions our battery farmed preschoolers now face:
http://www.nzherald.co.nz/nz/news/ar...ectid=11894416
My wife has seen this first hand visiting various centres to seek work placements for an ECE training course
Some extracts:
The minimum required in New Zealand is 2.5sq m per child inside and 5sq m per child outside. The minimum in the US is 3.5 to 4.2 square metres per child, with a preference for 5sq m indoors. This is measured as free, clear floor space. In New Zealand, furniture is not taken into account.
In the 1960s, when New Zealand children spent a few hours a week in early education, not up to 50 hours a week as they do today, the outside space was 75sq ft per child, or 6.9sq m. This is now 5sq m, half the US recommendation of 10sq m outdoors....
In the market driven, profit-oriented environment of early childhood, some centres will pack the maximum number of children into the minimum required space, and will receive more funding and fees for the same resources. Those centres who do not operate in this way will struggle to maintain staffing and financial viability on an uneven playing field, despite providing far better quality.
Last edited by DarkHorse; 27-07-2017 at 09:26 PM.
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17-08-2017, 02:59 PM
#255
This is a pretty shocking announcement ...even though full of optimism for the future
https://nzx.com/files/attachments/263689.pdf
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-08-2017, 03:02 PM
#256
Originally Posted by winner69
And down goes the price.....shocking announcement!!!
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17-08-2017, 03:10 PM
#257
Originally Posted by percy
Sold the balance of our holding at 98 cents per share this morning,after not being impressed by either The Chairman's,or the CEO comments, in the annual report.
Above posted 24/7/2017.
Lucky./......again...lol.
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17-08-2017, 03:10 PM
#258
Even their worst case FY number neans H2 will be much better than last year ...reversing a big drop in profits in H1
How often do these promises actually occur?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-08-2017, 03:13 PM
#259
I thought they had so many new centres that increased profits were a given
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-08-2017, 03:32 PM
#260
Evolve increases dividend on strong growth *
*
Evolve Education Group Limited ("Evolve") has delivered a strong result for *
the year ended 31 March 2017 with revenue of $151.4m (an increase of 10% over *
the equivalent period last year, of $137.4m) and Profit before interest and *
income tax of $23.6m. *
I remember at the time asking what strong growth. When the tide goes out you sees who's been swimming naked.
Strong growth LOL definitely time for a Tui ! No wonder the director was desperately keen to quit millions of shares.
As I have stated from the very outset of this thread I remain of the view that early childhood centers are best run by caring private owners well connected to the community and are not well suited to the corporate model. I think shareholders can take their assurance that they are addressing lower occupancy at their centers and are confident of restoring profitability with a large grain of salt.
Last edited by Beagle; 17-08-2017 at 03:33 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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