to join the discussion
after reading the second document, what anyone should read is the enrollment growth they're flagging for the tertiary division. that's where the margin sits. schools division is mature but steady, tertiary's where the multiple expansion could come from if they actually execute. R43.50 feels fair value for now but depends entirely on whether those pipeline numbers hold up.
Do you think the school closures during load-shedding actually hurt their per-pupil economics, or is tuition holding up anyway. Haven't seen them address that properly in their updates.
Schools biz is counter-cyclical to economic stress, people still pay fees even when rand gets hammered. ADH sitting at R43.50 with decent cash generationm, reminds me how Curro held up better than the broader market in 2020. Long term holder here, enrollment numbers matter more than monthly sentiment swings.
Reading the latest results, ADH balance sheet actually looking decent
ADH pushing above 43 rand on modest volume today, but I'm curious what's actually driving this given the education sector headwinds. Is anyone here seeing enrollment recovery signals or is this just technical bounce?
ADH down 0.39% feels like panic noise rather than fundamental deterioration. the education space is restructuring but their revenue growth trajectory and dividend yield suggest the market is pricing in worse outcomes than what's likely to materialise.
ADH sitting flat at R4357 today but I'm thinking about the bigger picture here. Education stocks can be lumpy with results but if they nail their growth strategy over the next couple years, this could compound nicely for patient investors like me.
Just noticed ADH dropped 1.45% to R4357, should I be worried or is this a buying opportunity? 🤔
ADH down 1.45% to R4357 isn't moving the needle much for me compared to the education sector's broader headwinds. Pearson trades on 18x forward earnings with better international diversification, whereas Advtech's domestic exposure and P/E compression suggest the market's pricing
ADH taking a knock today at R4387 but I'm wondering if the market's being too harsh on education plays given the structural tailwinds in private schooling uptake. Anyone tracking their enrollment numbers and fee inflation trends, or is the consumer weakness just too much headwind
Dumped half my ADH position at R4500 last week thinking it was overcooked, now it's down another 1.48% and I'm kicking myself because I probably sold at the worst time like always.
ADH's down 0.75% today but the real question is whether education services are pricing in the structural shift to online learning. At current levels we're looking at a business facing margin pressure from competition and changing consumer preferences, which makes the valuation ha
Still holding Advtech LTD (ADH) from when it was at R3038.40. Not selling here.
ADH's valuation at R4220 remains stretched relative to its dividend growth trajectory, and I'm concerned about whether the education services sector can sustain the earnings momentum needed to justify current multiples while maintaining dividend cover above 2x. The real question
ADH sliding 1% today, but education services aren't really my lane since I track food and groceries where volumes tell the real story. That said, consumer discretionary pressure across the board suggests input cost headwinds are hitting broader than just staples, which keeps me c
ADH's creep higher to R4265 ignores the structural headwinds battering private education: declining enrollment trends, margin compression from wage inflation, and deteriorating asset quality in their property portfolio signal a valuation disconnect. The 0.83% pop today appears to
ADH down 1.58% but the sell-off looks mechanical rather than fundamental. Haven't seen material deterioration in their education unit economics or NIM compression that would justify multiple contraction at these levels, though I'd want to see Q3 cash conversion and working capita
ADH down 1.58% today to R4230 but honestly the education space is still growing long term, even if these dips mess with my head when I'm trying to time entries. I keep telling myself to just buy and hold instead of waiting for the perfect price.
ADvTECH at R4354 is basically treading water on a macro pullback—the education services play is solid but faces headwinds from load-shedding disrupting learning centres and middle-class spending tightening. Long-term, the portfolio (Lyceum, Curro, etc) needs to prove enrolment gr
ADH up 1.06% to R4305 while Curro's been flat—education plays diverging hard lately. ADvTECH's government contracts keeping it steadier than private school exposure.