In February 2021, when IM last updated its overview of the private education sector, we said our preferred play was Stadio (215c), we issued a buy on AdvTech (R11.35), and we sent Curro (R10) to the bottom of the class, saying it needed to try harder.

Since then, our analysis of the prospects of the three mainstream private education stocks has been justified. Stadio romped home with a 68% rise in value, AdvTech ran 58% and Curro fell 7%...

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