Childcare business magnate Chris Scott sits atop a pretty fortune with his numerous childcare investments over the years. He has been on the scene, kind of in an artful Willy Wonka fashion, inviting children and their parents into his massive empire, which has been taking advantage of the increased Child Care Subsidy by the Australian
Read More
Despite all the corporate cash grabs to profit from the Government’s Child Care Subsidy boost, there’s plenty of profit opportunity in the next age bracket up too with tutoring provider Kip McGrath (ASX: KME) issuing an earnings upgrade, primarily from rising demand for tuition services. Government-affiliated tutoring provider Kip McGrath forecasts a revenue boost, citing
Read More
As per the Australian Bureau of Statistics, in 2022, 80% of children enrolled in a preschool program were aged 4 years as compared to only 20% aged 5 years. Parents are adopting the “you’ve got to teach them young” policy, putting the focus on developing the early childhood care industry. That is probably why companies,
Read More
As a new CEO, there’s usually a lot on the line—it’s probably why you’re brought in in the first place. This was a time to prove his merit for early education and care provider G8 Education’s (ASX: GEM) CEO Pejman Okhovat. And so he did with a $40 million on-market buyback, wherein the Company repurchased
Read More
If childcare occupancy rate is an indicator that the pandemic has come to an end, then the recent announcement from G8 Education (ASX: GEM) indicates that we are one step closer. The childcare education provider reported a core occupancy rate of 77.3%, which is a 1% improvement from CY21. This brings the company closer to
Read More
Charging an average of $131 per day across their 448 childcare clinics, parents are voting with their feet away from centres run by early education company G8 Education (ASX: GEM) which has reported a 63% decline in profits for the Half Year. For the six months ended 30 June 2022, G8 Education reported a 1.1%
Read More