1. Most Discussed
  2. Gainers & Losers
AFJ 91.5¢

News: Affinity shares rise as centre portfolio grows

  1. Shares in Affinity Education Group Limited (ASX:AFJ) rose more than 5 per cent yesterday after announcing it has bought eight of the group’s managed centres for $17.8 million.  
    The provider of education and child care services has seen its stock gain more than 13 per cent this year as its total number of owned centres grows to 152. 
    Affinity expects to tie up the purchases in the first quarter of this year and says the latest acquisitions will be earnings accretive upon settlement as the centres are currently managed by the group. 
    CEO Justin Laboo says further managed centre opportunities remain of interest to Affinity and the company continues to assess and pursue a range of opportunities. 
    Affinity Education Group reported a net loss of $5 million in the first half of the 2014 financial year. 

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.