Child Care News
Parents wanting to return to work locked out of ‘free’ childcare
Herald Sun - James Campbell and Matt Johnston - April 22, 2020Families desperate for childcare say they have been locked out of the sector despite a change to government funding designed to safeguard places for parents returning to work. Coronavirus chaos at childcare centres led to plunging enrolments, with the Morrison Government forced...
COVID-19 isolation: Keeping schools closed is state and union push back against Scott Morrison
The Courier Mail - Renee Viellaris - April 21, 2020Childcare workers – those who have to deal with younger children who share germs more than they share their toys – are desperate for an income. So the question is: Why can every single enrolled kid in daycare turn up, but not every student enrolled in a school? If there are no health implications...
G8 asks childcare centres for half rent
Financial Review - Liam Walsh - April 21, 2020Childcare giant G8 Education has hit up landlords for a 50 per cent rent reduction, far higher than flagged to the market and greater than the hit to top-brass pay. Such a rent reduction – if successful – would mean G8 would potentially move from breaking even to being cash-flow positive...
COVID-19 has laid bare how much we value women’s work, and how little we pay for it
The Conversation - Lyn Craig - April 21, 2020All of a sudden, child care is an ‘essential service’. After years of it being treated as a commodity, formal childcare is for the moment free. Until this crisis measure, Australian childcare was among the most expensive in the world – more expensive than private schooling. In a strictly financial sense...
Leading brokers name 3 ASX 200 shares to sell right now
Motley Fool - James Mickleboro - April 21, 2020A note out of the Macquarie equities desk reveals that its analysts have downgraded this childcare centre operator’s shares to an underperform rating with a 78 cents price target. Although the broker expects its capital raising to leave it with a strong balance sheet, it has concerns...
New childcare centre a saviour for healthcare families
The Courier Mail - Kara Sonter - April 20, 2020A new Redland Bay childcare centre has thrown a lifeline to the parents of 100 children, opening today despite knowing it will initially operate without any income. Little Scholars School of Early Learning has welcomed its first 50 children of essential services workers. But the Centre will have...
New Rutgers recommendations for ECEC policy makers to prevent COVID-19 spread
The Sector - Freya Lucas - April 20, 2020A series of recommendations and specific measures for safer early childhood education and care (ECEC) delivery during the COVID-19 pandemic have been released by the Rutgers Pediatric Early Education Working Group, advising policymakers and administrators to enact...
Emergency workers lose child care in 'unintended consequence' of coronavirus rescue package
ABC News - Jessica Longbottom - April 21, 2020Emergency workers across Australia who use government-subsidised nannies have had their care withdrawn and are scrambling for other childcare options, because of the Federal Government's new policy to make child care free. Three weeks ago, the Federal Government...
Don’t worry, your child’s early learning doesn’t stop just because they’re not in childcare
The Conversation - Jeanne Marie Iorio, University of Melbourne - April 20, 2020At childcare and preschool, children experience belonging to a community and engage actively with their learning. They also collaborate in groups, which helps them learn how to negotiate, listen and engage together. Learning in this sense is layered and complex in that children...
Mount Helen childcare centre sold to local investor
Property Observer - April 20, 2020A local investor has purchased a childcare centre in Mount Helen in Victoria from a local private for $4,275,000. Located at 1848 Geelong Road, the centre is currently occupied by tenant Goodstart Early Learning. The yield achieved was 6.40%. The 120 place child care centre provides...
QikKids and Xplor to merge, Mark Woodland appointed to lead new group
The Sector - Jason Roberts - April 19, 2020The QikKids and Xplor child care management software (CCMS) platforms will be combined into a new education focussed vertical called TSG Education which will be led by Xplor’s founder and current CEO Mark Woodland. The announcement comes two months after confirmation...
G8 completes despatch of Retail Entitlement Offer booklet
Financial Review - April 20, 2020G8 Education Limited confirms that the retail entitlement offer booklet (Retail Offer Booklet) and personalised entitlement and acceptance form in connection with the fully underwritten1 1 for 2.2 pro rata accelerated non-renounceable entitlement offer (Entitlement Offer), as announced ...
Seven in 10 suspended kindergarten kids have a disability, new figures show
Sydney Morning Herald - Jordan Baker - April 19, 2020More than two-thirds of kindergarten suspensions involve students with a disability, and many of those kids were sent home more than once, new figures show. The NSW Department of Education data shows there were 1252 suspensions of 626 kindy kids in 2018 while over the four years ...
Coronavirus is upending childcare centres, which are struggling under new funding rules
ABC News - Eleni Roussos - April 18, 2020As Australian parents save on free childcare during the Coronavirus pandemic, the director of one childcare centre has found it hard to sleep at night, worried how she will keep her centre open. Ms Casimiro Branco is the director of the Casuarina Childcare Centre in Darwin and has ...
How Does MindChamps PreSchool's (SGX:CNE) P/E Compare To Its Industry, After Its Big Share Price Gain?
Yahoo Finance - Simply Wall St - April 18 ,2020Those holding MindChamps PreSchool (SGX:CNE) shares must be pleased that the share price has rebounded 31% in the last thirty days. But unfortunately, the stock is still down by 26% over a quarter. But shareholders may not all be feeling jubilant, since the share price is still down...
