folkestone education trust
Acquired between 2008 and 2009
The Australian Education Trust, now trading as FET was oversold when its main tenant ABC learning went into administration, for which the trust held the childcare properties. Trading well below the value of this property on the balance sheet, negative momentum in the stock enabled it to be acquired at an average price of around 24 cents. This stock now trades over AU$2.20, offering a dividend of over 5% on the current price. The result of this investment is an 805% return, without including the high yield dividend.
