34 replies to this topic

[Saints]

Guys, the trick with these shares is to get in on listing and participate in rights offers based upon your initial holding. In this way your vwap is close to the NAV. I agree with the comments here that this is an expensive share and buying at these levels is absurd but there are investors out there still buying the share. You guys should also read the commentary to the results yesterday saying where Curro lies on the hockey stick growth curve and how the PE issue will be addressed as earnings climb rapidly 

[HendrikB]

Curro is the most expensive share on the JSE.  I have no intention of buying a share with a PE of 217. 

[Moonraker]

I am being ridiculed for not buying COH at these levels.

Wonder what HDB thinks about that. 

[soutie]

Why the capital raise so soon...me also thinking same..

Still the price is WWwwwwaaaaaaaaayyy high @ R20 I mean NAV is not even R6 bucks.

It's much easier to raise money when your tail is up I suppose.

What did really surprise to the upside was the monthly fees @ Meridian schools 

[Saints]

Great set of results but did not expect another rights offer so soon. With the increase in price and probable further upside due to the rights offer announcement there is an incentive to take up the offer.

[Saints]

As long as Curro continues with acquisitions and building new schools the market will continue to price future earnings into the share price. It happened with Capitec until the earnings continued growing and the share price plateaued allowing the PE to adjust to the sector PE. Curro still has a few years of solid growth and in addition any bad publicity around SA education spurs investors to buy the share and unfortunately there is always plenty of that around. logic tells me that this one should not move beyond R30 this year but R40 -R50 is not unrealistic for this type of share

[Zero Hedge]

Count your blessings if Curro is above current levels by end of 2014.

[davidp13]

how bout a poll to see where ppl think this one will be at the end of the year.

North of R50

[Shi]

how bout a poll to see where ppl think this one will be at the end of the year.

[Sugafoot]

... I'm hoping it can pull back to R24 so I can start accumulating

[Bread]

Perhaps a pullback to around the 2130 level would be a good buy?

[ThatBlackGuy]

Extremely overvalued. 

 

 

[Saints]

share price took a knock this week. Following the trading statement investors realised that the price has moved too quickly on this one and with the high PE a sell off was inevitable. A PE below 100 would go nicely with this one building in fat for future earnings

[Saints]

A good number of analysts picking Curro for 2014. Interesting to see that based upon the trading statement the market prefers to hold the price and lower the PE.

[gamma]

No problem
Current PE is 200.

They grow earnings by 100% and the PE will still be over 100..

roughly 13c earnings for the year !!!

still wonder how ppl can favour this one.

[Shi]

roughly 13c earnings for the year !!!

 

still wonder how ppl can favour this one.

[gamma]

way overbought. ripe for a big correction

[HendrikB]

Not illogical. Its been coming for some time.

[antonuys]

Curro is on fire.  This is illogical, but beautiful to watch.

[Perreby]

estimate Interim results coming out next week, I am a bit scared to hold because I waited for ellies results to come out and then went downhill from there. What are your views hold or sell before tuesday?

Don't expect to much fireworks..

Their expenses will weigh them down for a few years as they rapidly expand their footprint in SA.

But they are better managed than ELI tho so don't worry about this one