Private education: Advtech is the clever bet in the sector
Advtech’s ballpark earnings are comfortably ahead of those of rival private education practitioner Curro
The interim report card from private education conglomerate Advtech will be keenly scrutinised when it is published next Thursday.
The trading statement for the six months to the end of June – released on Wednesday – received a positive market reaction with the share price (https://www.sharenet.co.za/v3/quickshare.php?scode=ADH) perking up to about R11.50. The gain is off a low base since Advtech’s share price has been on a steady decline since peaking at R20 in early 2017.
The nub of the trading statement is that Advtech – which owns school brands Crawford, Trinity House and Abbotts as well as tertiary brands Varsity College and Rosebank College – has pencilled in a 5% to 9% gain in normalised earnings to between 41.4c a share and 43.3c a share...