Trade opportunities
Essential services have captive audiences as highlighted by good results from G8 Education and Sydney Airport. Both bonds are available to retail investors from $10,000 per bond
Company updates
G8 continues to report strong acquisition led growth and recognise efficiencies however gearing is also increasing
Company factsheets
G8 Education AUD 7.65% 07 August 2019 senior unsecured bond
Company updates
G8 reported its interim 1H15 results to 30 June. Compared to the corresponding half, revenue increased to $310.8m ($187.3m 1H14), EBITDA was $63.4m ($32.3m 1H14) and NPAT was $28.2m ($16.3m 1H14). Growth was primarily driven by acquisitions with the group adding 21 new centres during the half with another 17 contracted but not yet settled at year end
Company updates
G8 Education has increased its bid for Affinity Education (Affinity) from $0.70 to $0.80 per share and is now also offering Affinity shareholders the option to take the offer in cash. G8 has also advised it has raised SGD$155m (~AUD$155) in one year unsecured notes paying a fixed rate of 3.5% to support the cash offer
Company updates
The acquisition announced includes the right to all of Sterling Early Education Limited’s issued capital and 91 premium childcare and education centres from various vendors
Company factsheets
BBSW + 3.90% 3 March 2018 AUD Senior Unsecured Bond Factsheet
Company updates
G8 Education (G8) reported that its underlying revenue and EBIT growth has continued strongly with the acquisition of 203 new centres in FY14
Company research
G8 Education Ltd (G8) is Australia’s largest publicly listed operator of childcare centres with 361 childcare and education centres in Australia as at August 2014, a 54% increase in the number of centres as at the end of 2013 (234)
Company updates
Australia’s largest publicly listed operator of childcare centres offers a high 6.06%p.a yield to maturity