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Nido Education Limited ( (AU:NDO) ) has provided an announcement.
Nido Education Limited has announced the acquisition of two incubator services for approximately $7 million, with both services having high occupancy rates. This move is part of Nido’s growth strategy, supported by a $30 million extension of its acquisition facility and an increased bank guarantee facility. The company aims to expand its operations by leveraging its incubation growth strategy, which requires services to meet specific financial and occupancy criteria. Despite subdued trading, the performance of services in the incubator aligns with expectations, suggesting positive prospects for future acquisitions.
The most recent analyst rating on (AU:NDO) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Nido Education Limited stock, see the AU:NDO Stock Forecast page.
More about Nido Education Limited
Founded in 2021, Nido Education Limited is a national owner, operator, and manager of long day early childhood education and care services, operating under the Nido Early School brand.
Average Trading Volume: 130,652
Technical Sentiment Signal: Sell
Current Market Cap: A$132.8M
Find detailed analytics on NDO stock on TipRanks’ Stock Analysis page.