G8 Education Investment Thesis Supported by Progression of Child Care Legislation
The progression of the Federal Government's Jobs for Families Child Care Package bill through the Senate last week is a positive step for no-moat-rated G8 Education which reinforces our investment thesis. However, we expected legislation to pass and so maintain our fair value estimate at AUD 4.50 per share, implying a fiscal 2017 grossed up dividend yield of 7.1%. At the current market price of AUD 3.97, we continue to believe the shares are undervalued and expect the price/fair value discount t...G8 Education is engaged in the operation of early education centres owned by Co., and ownership of early education centre franchises. Co. operates in Australia and Singapore.
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