Curro Holdings. A company that once promised so much (with an obscene valuation multiple to match) now finds itself in a loss-making position. You read that correctly – net of impairments (write-downs of school property values), Curro is going to report a loss for the 12 months to December 2020. the_ad id=”3223″ Right idea, wrong time Curro’s investment thesis was …
View PostCurro Holdings. A company that once promised so much (with an obscene valuation multiple to match) now finds itself in a loss-making position. You read that correctly – net of impairments (write-downs of school property values), Curro is going to report a loss for the 12 months to December 2020. the_ad id=”3223″ Right idea, wrong time Curro’s investment thesis was …
View PostImagine you held one of the first iPhones in your hands in 2007. With incredible insight into the future, you concluded that the smartphone would take over the world. Bravely backing your view, you decided to invest a sizable amount in this megatrend. If you had chosen Apple, you would be wealthy today. If you had chosen BlackBerry, you would …
View PostI feel that I must apologise up-front for the annoyance of a company name in capital letters. For an education group, one might think that STADIO (see?) would know that only one capital letter is necessary. Nevertheless, that’s their brand, so STADIO it is. Perhaps they want to shout the name from the rooftops and it’s hard to blame them …
View PostYikes. What a day for news. The JSE is a great place, giving investors the option to invest in companies that operate anything from private schools through to restaurants and industrial equipment. Almost any sector you can imagine is represented. Challenging economic times lead to volatility. Companies take action, for better or for worse. The stronger companies flourish and the …
View PostOne of the fundamental reasons to list a company on a stock exchange is to access capital from the market. There’s so much strategy in capital raising that an entire industry of highly-paid advisors and bankers exists around it. Curro Holdings, one of the private school companies listed on the JSE, has announced a rights issue. The Foschini Group did …
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