image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Nord Anglia - Nursery acquisition

October 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • NAE
Nord has expanded its fast growing nursery business, through the £3.2m acquisition of Petits Enfants, a chain of nine nurseries, based in the South and South West of London. In the year ended 31March, Petits Enfants made an operating profit of £0.26m from turnoverof £3.37m, implying a cost per place of £6k.  This comparesfavourably with the £13k per place that Just Learning paid for CareShare recently.  Clearly Nord will be aiming to drive PetitsEnfants' 65% occupancy rates towards the 80% that its own mature unitsenjoy.  The deal is being financed through a 1-for-11 placing andopen offer at 180p a share to raise £9.3m net of expenses.  Thebalance of the proceeds will be used to fund organic gro ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Nord Anglia - Shares break into higher ground (January 2004)
Nord Anglia Education - Big MoD contracts soon up for tender (August 2003)
Nord Anglia Education - Disappointing price for disposals (June 2002)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe

SUBSCRIBE NOW