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Global Education Communities Corp T.GEC

Alternate Symbol(s):  GECSF

Global Education Communities Corp. is a Canada-based education and student housing investment company. The Company is focused on the domestic and global education market. The Company operates business and language colleges, student-centric rental apartments, recruitment centers and corporate offices at 41 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College Corp., Sprott Shaw Language College, Vancouver International College Career Campus, and CIBT School of Business & Technology Corp. It offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedic, and language training through these schools. It owns Global Education City Holdings Inc., an investment holding, and development company focused on education-related real estate. It also owns Global Education Alliance Inc. and Irix Design Group Inc. It serviced over 14,277 domestic and international students.


TSX:GEC - Post by User

Comment by parahyangamon Sep 19, 2022 5:19pm
245 Views
Post# 34972265

RE:t.MBA will be moving back to .45...watch and see!

RE:t.MBA will be moving back to .45...watch and see!shares are essentially worthless

take away the "Fair value change in investment Properties" you have no net income aka operating income.

The education income is meagre and declining. Not surprising since most of the students are local and part time, living at home with day time jobs. Most of the education courses are entry level, vocational training (eg. hospitality industry). 

The fractional ownership of the rather small number of rental units is not clearly disclosed. But after operating costs, mortgage costs, etc margins are likely under 15% of which CIBT likely has a fairly small share. 

These are the reasons why there are many days with no shares traded.
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