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Investor News - Articles


Moneyweb : Investing in futures young and old

30 OCTOBER 2017  ALEX COYNE


Business Day : Pembury targets 12 new schools as revenues rise

31 AUGUST 2017  MARC HASENFUSS


Business Tech : Why private schools are an excellent investment opportunity in South Africa

1 AUGUST 2017  STAFF WRITER


Engineering News : BMFI board approves 15% shareholding acquisition in Pembury

28 JULY 2017  NATASHA ODENDAAL


Randfontein Herald : New School in Randfontein from 2018

13 JULY 2017  NADINE MARE


Moneyweb : Pembury snaffles valuable land for new school

2 JUNE 2017  ELEANOR BECKER


Business Tech : Pembury to add retirement villages to its portfolio

3 MAY 2017   ANINE KILIAN


Financial Mail : Education Sector information

03 MAY 2017 - 08:05 MARC HASENFUSS


Business Day : Pembury in robust school expansion

19 APRIL 2017 - 05:13 ALISTAIR ANDERSON


Business Tech : Private schools group hits acquisition trail with Midrand property

11 APRIL 2017   STAFF WRITER


Market Watch : Pembury put to the test

06 APRIL 2017 - 12:54 PM   MARC HASENFUSS


Business Tech : Private schooling group makes JSE debut

31 MARCH 2017   STAFF WRITER


Moneyweb : Pembury lists in JSE disorder

31 MARCH 2017 - 15:29 PM SASHA PLANTING


Sharebox : Pembury Lifestyle listing

15 MARCH 2017 - ANCHOR CAPITAL RESEARCH


Business Day Live : Pembury expects appetite for its listing

10 MARCH 2017 - 06:14 AM COLLEEN GOKO


Business Tech : Private schooling group sets JSE listing date

10 MARCH 2017 - STAFF WRITER


Check out Anthony Clark's Twitter comments on the PLG Listing at https://twitter.com/SmallTalkDaily ... he thinks we "are worth a look see"


Market Watch : Paying school fees

17 FEBRUARY 2017 - 07:13 AM - MARC HASENFUSS


PLG Schools in Business Tech on 15 November 2016:  Another schools group to list on the JSE

Pembury Group says it has received approval from the JSE Limited (JSE) to proceed with an application to list on the Alternative Exchange (AltX). In 2014, Pembury Lifestyle Group launched PLG Schools which has since grown to seven campuses with 19 schools.  Its schools offer a co-ed learning environment with a maximum of 25 learners per class, from Pre-Primary to Matric, with English as the primary language of instruction. “The first step in this process is to list PLG Schools, which will include the underlying properties for each school site. This first step is important as it positions us for future growth and structures the company appropriately for the acquisition of additional properties for the roll out of school campuses,” said PL Group’s founder and CEO, Andrew McLachlan.

PLG Schools said it aims to bridge the financial gap between government school fees and the ‘elite’ independent school fees and brings the benefits of private education to many more families. Its fees range between R18,000 – R54,000 per annum.

PLG Schools currently operates in Gauteng and the North West Province. In 2017, the group will open three new campuses in Centurion, Roodepoort and Springs; taking the number of campuses to seven, with 19 schools. The school will have 2,200 pupils by next year, up from 420 two years ago, and double its content in 2016. McLachlan said he expects to increase the number of campuses to 19 with approximately 55 schools by 2022, growing by at least three campuses per year.

In addition, PLG Schools has plans to expand into tertiary education with PLG Tech Colleges. PLG Schools aims to raise around R140 million in external capital to fund the growth aspirations of the group, which include adding several new school campuses to its portfolio, as well as a property division in the future. “The listing will not only will assist in the funding for this expansion, but we will be able to offer our shareholders confidence and transparency through the AltX environment,” said McLachlan.

In the financial year ending 29 February 2016, PLG Schools generated revenue of over R19 million and EBITDA of R7.27 million. Revenue is derived from monthly fees, non-refundable registration fees, monthly aftercare fees, monthly boarding fees and other opportunities such as transport services.

Read the article: Business Tech : Another schools group to list on the JSE  


PLG featured on Moneyweb on 15 November 2016:  New schools listing headed for AltX

South Africa’s listed education sector is about to get busier with the imminent listing of PLG Schools, part of the Pembury Lifestyle Group, on the JSE’s Alternative Exchange. It will join the likes of main board listed Curro, AdvTech and property specialist Trematon, which has a fledgling schools division.

Founded in 1999 and initially focused on developing retirement accommodation the Pembury Lifestyle Group stepped into the schools space in 2014 when it acquired a piece of land more suited to a school than a retirement complex. Over the last two years PLG Schools has grown from one campus, comprising three schools, to seven campuses with 19 schools in 2017.  A campus generally includes three schools comprising Pre-primary, Primary and High School.

The company is deliberately targeting the ‘affordable’ schooling space with fees ranging from R18 000 to R54 000 per learner, per annum. These fees are comparable to or just higher than the fees at many government schools. The focus is on mid-sized campuses with 600 – 1200 learners per school and no more than 25 to a class. “Our vision is to make independent, quality education accessible and affordable to more communities across South Africa, driving development forward,” says Pembury Lifestyle founder and CEO, Andrew McLachlan. Affordable fees do not mean large classes or education-by-computer; rather, competitive efficiencies in capital utilisation allow for smaller classes taught by experienced educators. For instance, PLG Schools uses existing structures in prime locations.

Properties are converted and can open within six months. In addition, overheads have been reduced by the inclusion of action sports (rather than catering for swimming, tennis, hockey and so on) These are part of PLG Schools sports-for-life ethos and include action cricket, action netball, action soccer and action hockey. Private schooling, while delivering better results for learners in many instances, remains unaffordable to the majority and provides education to just over 500 000 students out of a total learner population of 12.4 million. According to McLachlan fees are 15-25 % less than those of the nearest competitor and learners follow the IEB or CAPS curriculum. “Our vision is to offer a quality, affordable private education to all South African children built on a solid Christian Foundation,” he says.

PLG Schools currently operates in Gauteng and the North West Province. In 2017, the group will open three new campuses in Centurion, Roodepoort and Springs; taking the number of campuses to seven, with 19 schools therein. McLachlan expects this to increase this to 19 campuses and about 55 schools by 2022, growing by at least three campuses per year. Like its bigger peers, which are already invested in tertiary education, PLG Schools intends expanding into tertiary education with PLG Tech Colleges. This is targeted at alleviating the critical shortage of technically qualified people – less than 20% of the country’s matriculants enter university. “We see enormous potential for this type of post-matric qualification,” McLachlan says.

But the first step in this process is to list PLG Schools, which will include the underlying properties for each school site.  The retirement lodge portfolio will potentially be acquired at a later stage, dependent on investor appetite.  “This first step positions us for future growth and structures the company appropriately for the acquisition of additional properties for the roll out of school campuses,” says McLachlan. 

PLG Schools aims to raise around R140 million in external capital to fund the growth aspirations of the group, which include adding several new school campuses to its portfolio, as well as a property division in the future. In the financial year ending February 29 2016, PLG Schools generated revenue of over R19 million and EBITDA of R7.27 million. Revenue is derived from monthly fees, non-refundable registration fees, monthly aftercare fees, monthly boarding fees and other opportunities such as transport services.

“The listing will not only assist in the funding for this expansion, but we will be able to offer our shareholders confidence and transparency through the AltX environment,” says McLachlan. The company anticipates growth of three campuses per year between 2016 and 2020. A prospectus will be made available in due course. PL Group has appointed Arbor Capital Sponsors as the designated advisor to advise on the listing.

Read the article:  Moneyweb : New schools listing headed for the AltX   


PLG Schools featured in Sake 24 on 14 November 2016:  Nog 'n skoolgroep kom beurs toe

Die Pembury Lifestyle Group (PLG) het toestemming van die JSE gekry om sy skoolgroep op die AltX, die JSE se alternatiewe beurs vir kleiner maatskappye, te noteer. Pembury, wat aanvanklik op aftreeoorde gefokus het en later ook private skoolkampusse begin vestig het, sal die derde genoteerde groep met belange in private skole wees. Hy beoog om teen volgende jaar sewe kampusse met 19 skole te bedryf – ’n kampus bestaan gewoonlik uit ’n preprimêre skool, ’n primêre skool en hoërskool.

Die eerste stap is volgens Andrew McLachlan, uitvoerende hoof, om PLG Schools op die AltX te noteer. Dit sal onder meer die eiendom van elke skool insluit.  Sy portefeulje van aftreeoorde kan later volg, afhangende van beleggersaptyt daarvoor, het McLachlan luidens ’n verklaring gesê “Die eerste stap is belangrik omdat dit ons posisioneer vir toekomstige groei en die maatskappy na behore struktureer om bykomende eiendom vir skoolkampusse aan te skaf,” sê hy.

PLG Schools oorbrug luidens die verklaring die gaping tussen skoolgeld betaalbaar by regeringskole en die “elite” onafhanklike skole. “Ons visie is om onafhanklike, gehalteonderwys toeganklik en bekostigbaar vir meer mense in Suid-Afrika te maak,” verduidelik McLachlan. PLG Schools het tans kampusse in Gauteng en Noordwes en beplan om volgende jaar nuwe kampusse in Centurion, Roodepoort en Springs te open.  McLachlan verwag dat dit teen 2022 tot 19 kampusse en 55 skole sal groei.

PLG Schools het ook ’n glinster in die oog vir tersiêre onderwys en tegniese kolleges.  “Ons sien reuse-potensiaal in dié soort naskoolse instansies,” sê McLachlan. PLG Schools hoop om sowat R140 miljoen uit die notering te verkry. Skoolgeld by sy skole wissel tussen R18 000 en R54 000 jaarliks per leerling.

By JJ van Wyk

Link to the article: Sake 24 : Nog n skoolgroep kom beurs toe