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$3.09 think childcare group

where from here?, page-23

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Inferno31

3,251 Posts.

71

18/11/16

16:02

Post #: 20724707
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Originally posted by BlueKimba ↑

Nicholas Leitl from K2 Asset Management writes about TNK on Livewire today... https://www.livewiremarkets.com/wires/33713.

OK, he is talking his own book, but it's good to see someone giving it a plug.

"Think Childcare Limited as a company is well placed to deliver strong shareholder returns. The company owns, manages and operates 35 premium childcare facilities with a clear focus on centres located within 100km’s of Melbourne CBD. The company recently delivered a strong set of results for the Half Year 2016 of Revenues +19% and Profits +45%. The key growth drivers come from their successful strategy execution, targeted at improving occupancy and efficiency in its current portfolio, complemented by further acquisitions. With favourable industry dynamics and a proven strategy, management has the opportunity to grow the business substantially. The company trades on a 1year forward PE-14x and a ~4.5% Fully Franked Dividend Yield. We feel this represents compelling value and the ongoing delivery of earnings growth will prove to be the catalyst for a re-rating."

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Last edited by Inferno31: 18/11/16

TNK Price at posting: $2.11 Sentiment: Buy Disclosure: Held
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0 Great analysis

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