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Stagecoach Theatre Arts

  • BY: Andrew Hore |
  • POSTED: 15/07/2011 |

Stagecoach Theatre Arts has been hit by a downturn in student numbers enrolling at its schools and that will hamper progress in the year to May 2012.

The children’s theatre and dance schools franchise owner says that average student numbers attending each school fell by 2% to just under 41 over the past financial year. The number of schools declined from 613 to 603. The numbers have been hit by the tough economic background.

Stagecoach says that its profit for the year to May 2011 will be in line with expectations of £670,000.
Analysts had been expecting a profit of £750,000 for 2011-12 but this appears optimistic even if there are improved contributions from the North American and Germany businesses.

At 43.5p a share, Stagecoach is valued at £4.33m. Net cash was £1.59m at the end of November 2010.

The shares are trading on nine times prospective 2010-11 earnings. An unchanged dividend of 2.5p a share means that the shares yield 5.8%.

Full year results will be announced on 10 August.

Download the June 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFJuly2011_22.pdf

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