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0.32% $3.09 think childcare group

where from here?, page-10

  1. BlueKimba
    122 Posts.
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    23/09/16
    12:33
    Post #: 19375634
    Yes. It's not as cheap as it was, but debt is low and TNK has contracted the purchase of three greenfield childcare centres at < 4 x forecast EBITDA for CY17.

    BTW, after the H1 result in August, Canaccord Genuity lifted the price target to A$2.25/share from A$1.56, so they must have liked it. EPS for 1H16 was 4.0c, up 42% on 1H15. Note that EPS was 12.1c for CY15, which suggests that earnings are weighted to the 2nd half of the year.

    Does anyone understand why earnings are so weighted to the second half?
    Last edited by BlueKimba: 23/09/16
    TNK Price at posting: $2.04 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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