G8 Education Australia s Largest Provider Of Childcare...

Company Overview G8 Education is Australia’s largest provider of childcare services listed on the Australian Stock Exchange (ASX). They provide development and educational child care services mainly in Australia. A merger between Payce Child Care Pty Ltd and Early Learning Services Limited in March 2010 resulting in the name of G8 Education. Currently, G8 education accounts for over 370 centres spreading across Australia and Singapore. G8 Education’s acquisition strategy has resulted in a market share of 5% which saw a 44% growth in their portfolio which resulted in securing 86 centres with a Net Profit After Tax of $31.07 million for the financial year of 2013. Their strong acquisition strategy prime them to be major players in the†¦show more content†¦Jennifer Hutson continued to highlight their company’s strong acquisitions of childcare centres in Australia whilst touching on relevant Australian government reform in the childcare sector and G8 Education’s man agement team and their dedication to improving efficiency in order to maximise shareholder profit. This was illustrated by earnings per share growth in the company on the previous year.3 This address was to provide current stakeholders and ordinary investors with activities pursuant to G8 Education for the 2013 year. It gave a summary of activities for the financial year and provided a glimpse to future activities of the company. The diagram below depicts the top 20 shareholdings and the substantial holders G8 Education from the 2013 annual report. J P Morgan Nominees Australia Limited, HSBC Custody Nominees, National Nominees Limited account for 41.83% of the 75.91% of issued shares. Between the three they account for 55.10% of issued shares thus providing them with substantial voting rights during general meetings. The remainder of this list is made up of foreign investment companies, domestic institutional investors and/or ordinary investors that are not involved within the company. Substantial holding in G8 Education is comprised of Perpetual Limited and National Australia Bank each holding 5.75% and 5.02% respectively. Following the global financial