Yaroo, beasts! Private school stocks take a terrible caning

Business

Yaroo, beasts! Private school stocks take a terrible caning

Curro, once the star pupil on the JSE, has been marked down 43% over a year. Advtech is better, but still bad

Marc Hasenfuss

Private education stocks are taking an awful beating.

PSG (https://www.sharenet.co.za/v3/quickshare.php?scode=PSG)-controlled private schools business Curro (https://www.sharenet.co.za/v3/quickshare.php?scode=COH), once regarded as the star pupil on the JSE, has been marked down 43% over a year.

Things look even more dismal if the market performance of Curro’s unbundled tertiary education offshoot Stadio is factored in. Stadio’s share price (https://www.sharenet.co.za/v3/quickshare.php?scode=SDO) has plunged over 37% in 12 months...

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