It had to happen. When considering the heady market ratings applied to private education companies like AdvTech and Curro — and especially the latter — it’s a wonder it took so long for other contenders to come to market.This week Pembury Group Ltd confirmed it had approval from the JSE to apply for a listing on the Alternative Exchange (AltX).The last time I spotted Pembury Group the company was rumoured to be listing its retirement lodge business.It seems the company chanced upon the private education caper. According to a press statement, a property was acquired in 2014 which was more suited for a school.This led to the establishment of PLG Schools — which now consists of seven campuses with 19 schools (pre-primary, primary and high school).The official line is that the listing of PLG Schools is the first step, and the retirement lodge portfolio will potentially be acquired at a later stage (dependent on investor appetite for the retirement segment).I am always a tad suspicious o...
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