|buy||SELL: 0%||HOLD: 0%||BUY: 100%|
|% From 52WK High||-44.24% (495)|
|% From 52WK Low||24.32% (222)|
|Business||Stadio is an investment holding company that focuses on the acquisition of, investment in, and the growthand development of higher education institutions to assist in meeting the demand for quality and relevant higher educationprogrammes in...Read More|
|Results||June 2019 Interim estimated to be released on Monday , 26 August 2019|
|AGM||Next AGM date: Friday , 05 June 2020|
|Market Cap||R 2,257,942,890|
|P/E Ratio||31.35||Dividend Yield||SUB REQUIRED|
|Offshore Earnings Component||Not available|
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|07:05||STADIO HOLDINGS LIMITED - Interim Results For The Six-Months Ended 30 June 2019|
|16/08/2019||STADIO HOLDINGS LIMITED - Trading Statement|
|03/07/2019||STADIO HOLDINGS LIMITED - Changes To The Stadio Board Committees|
|07/06/2019||STADIO HOLDINGS LIMITED - Change To The Stadio Board Of Directors|
|05/06/2019||STADIO HOLDINGS LIMITED - Results Of The Annual General Meeting|
|03/06/2019||STADIO HOLDINGS LIMITED - Broad-Based Black Economic Empowerment: Annual Compliance Report|
|10/05/2019||STADIO HOLDINGS LIMITED - Dealings In Shares By An Associate Of A Director|
|STADIO is an investment holding company that focusses on the acquisition of, investment in, growth and development of higher education institutions to assist in meeting the demand for quality and relevant higher education programmes in Southern Africa. STADIO intends to acquire and grow existing registered higher education brands, fund further expansions of existing brands and oversee the greenfield development of new campuses.|
STADIO started as a subsidiary of Curro Holdings. Curro has been a proud provider of pre-school and school-based education since 1998 and was listed on the JSE in 2011. Curro is currently the largest for-profit independent school group in Africa, providing education services to approximately 47 000 learners in 127 schools across South Africa and Namibia.
In light of the significant opportunities in the post-school education market, it was a natural progression for Curro to develop and expand its post-school education offering. The Latin word ?curro? can be translated into English as ?I run? and the Italian word ?stadio?, can be translated into English as ?stadium?. In ancient Rome, long-distance races required athletes to run from stadium to stadium to reach the finish line. The progression from Curro to STADIO symbolises the fact that STADIO is the way in which the race for education will be continued. It also epitomises the ethos of ?continuing? (lifelong) learning.
On 28 February 2017 Curro announced its intention to unbundle its entire interest in STADIO and to list STADIO on the JSE. The intention of the unbundling and listing is to create a separate listed business, focussing on higher education, with a strong management team and a dedicated anchor shareholder (namely PSG Group Limited) in order to become a leader in higher education market in South Africa.
To achieve its goal, STADIO intends to create a ?Multiversity?. A Multiversity is defined as a large, diverse institution of higher learning created to educate for life and for a profession, and to grant degrees, (including higher certificates and diplomas). Whereas a university implies ?sameness? and the integration of all knowledge, a Multiversity implies a DIVERSITY of knowledge with diverse institutions catering for the diverse and relevant needs of the South African market place. The concept of a Multiversity further respects the uniqueness of every student.
As a Multiversity, STADIO will own various registered higher education institutions, which will retain their own brands, campuses and management teams, but will share a common ethos and benefit from the synergies, infrastructure and shared services arising from the STADIO Group structure.
STADIO listed on the JSE main board on 3 October 2017. Dr Chris van der Merwe, founder of Curro and its CEO since 1999, is the CEO of STADIO.