The passion and confidence that characterised Curro’s AGM presentation by CEO Chris van der Merwe would make the most cynical investor forget, momentarily, that the shares of this private education venture are trading at a dizzy trailing earnings multiple of around 130 times.Curro clearly has room for growth, as I pointed out in my article in Business Day earlier this week. The business is buzzing, and even the revised profit/ expansion parameters now look to have been markedly under-estimated. But what was more impressive was that even though Curro is tapping one of the few sweet spots in the moribund local economy, there is still a great determination to find further growth opportunities.Here I speak specifically of the company’s willingness to engage government on finding solutions to solving a growing education crisis in SA. Let’s not be naive, there needs to be at the outset a political will to implement plans, especially potential solutions bandied about by the private sector....
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