$GEM - G8 EDUCATION - Broken $3 resistance and growing

GEM is looking interesting. Has successfully broken through and started to build support above the $3 ceiling. Nice big profitable company that had a $4.70 price tag in the past. One to watch.

Only word of warning is its a bit gappy on the buy side in the market depth queue. Would be nice to see more buyers lined up with a closer spread.

G8 Education Limited provides developmental and educational child care services. The Company's principal activities include the operation of early education centres owned by the Company and its subsidiaries, and the ownership of early education center franchises. It provides quality care and education facilities across Australia and Singapore through a range of brands. The Company's portfolio consists of approximately 490 in Australia and over 20 in Singapore. These centers provide a total combined licensed capacity of approximately 38,710 places. It offers brands, such as First Grammar, reative Garden, Kindy Patch Kids, buggles, Sandcastles, World of Learning, jellybeans, Kinder Haven, Pelican Childcare, Nurture One and Penguin Childcare. The Company's subsidiaries include Sydney Cove Children's Centre B Pty Ltd, Sydney Cove Property Holdings Pty Ltd, World Of Learning Licences Pty Ltd, Kindy Kids Operations Pty Ltd, Alfoom Investments Pty Ltd and Cherie Hearts Corporate Pte Ltd.

Comment:

Running nicely. Quite a lot of upside before previous levels reached.

Comment:

Just revisiting. I got out successfully ages ago and a LOOOONG way down now and with all the Coronas keeping people at home thought it might be worth a look.