weakness, page-3

It is a waiting game in early childhood at the moment. The lengthy delivery of changes to funding from Scott Morrison is making everyone jittery. The biggest changes to affect profitability in the childcare sector will be the changes to ratios for 2-3 yr olds in 2016.

In my opinion Think are strategically bedding down the acquisitions in their first year on the ASX and focusing on organic growth, rather than growth by acquisition. They have purposely selected Victoria for acquisitions, the attraction being state funding and fewer issues with engaging qualified staff. I suspect they are focusing on growth opportunities with their purchases, improving delivery of service, increasing occupancy and licensed numbers and have stated publicly that they may not, or chose not to pay the prices that other corporates may offer. However, shareholders would be expecting to see further acquisitions soon.

Large number of shares being held by directors.