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GOLD Coast-based childcare operator G8 Education has marked itself as a true Gold Coast success story being elevated to the ranks of the top 200 listed companies in Australia and admitted to the S P ASX200.The company s market capitalisation this week also hit $669 million, giving it the highest capitalisation of any listed company on the Gold Coast.G8 just edged out for the top spot Gold Coast-based copper explorer CuDeco,http://www.hotelwestpoint.com/uk/ghd.html, with a market capitalisation of $668 million.G8 managing director Chris Scott said the ASX200 listing would be a great boon in helping the company access capital for yet further expansion. This will make us more attractive to a lot of the bigger institutional investors, which will now take notice of us, he said. A lot of the bigger funds and institutional players in Australia are likely to take a bigger stake in G8, which means our story will be heard by a wider audience and by more sophisticated investors, which we are very happy about. Mr Scott said the secret to G8 s success was that it remained disciplined in its approach to childcare acquisitions.G8 has been on a continuous buying spree, picking up a fast-growing list of childcare assets along the eastern seaboard.It now owns 201 centres in Australia,ghd, 18 in Singapore and a further 48 franchise businesses in Singapore. We have remained disciplined in our acquisitions and we don t pay too much for assets, Mr Scott said. The biggest problem with (failed childcare operator Eddy Grove s) ABC Learning Centres was that it overpaid for assets. By contrast, we only pay four times EBIT (earnings before interest and tax) and we only account for about 4 per cent of the childcare market in Australia, so we have a lot of room for growth yet. Mr Scott said he was proud of the company s achievements in a short time and praised his young and energetic staff for making a major contribution to G8 s success. We have 4000 or so employees and 99.9 per cent of them are under 35 years old, he said. They are a young team, but we are proud of what we have achieved in just three-and-a-half years.
China has built its first experimental fast neutron reactor which will help make better use of the nuclear energy.The reactor passed official checks on Wednesday after 20 years of developments by Chinese scientists, according to the China Institute of Atomic Energy (CIAE).Experts organized by the Ministry of Science and Technology (MOST) conducted examinations on the reactor, the CIAE said.The experimental fast neutron reactor is regarded as a major breakthrough in China's three-step strategy in developing its nuclear power, namely,Hogan Scarpe, from pressurized water reactor,True Religion Jeans outlet, fast neutron reactor,http://www.hotelwestpoint.com/uk/airmax.html, to fusion reactor.Dubbed as China Experimental Fast Reactor,Air Max, the development makes China one of a few countries in the world that has experimental,Prada handbags, power-generating fast reactors, according to the CIAE.The experimental fast neutron reactor, with nuclear heat power of 65 megawatts and a power-generating capacity of 20 megawatts,true religion brand jeans, is a large fast reactor power plant in terms of layout and reference. Its safety requirements have reached those of a fourth-generation nuclear power plant.According to the CIAE,hotelwestpoint.com/it/hoganoutlet.html, fast neutron reactor is a major type of fourth-generation nuclear power plant, and it sets the direction for the development of such power plants.A fast reactor can make better use of nuclear energy by increasing the utilization rate of uranium to 60 percent,cheap true religion, from the 1 percent utilization rate of a traditional pressurized water reactor.Fast reactor technology can also minimize radioactive discharge and raise security levels of the nuclear energy system.CIAE president Wan Gang said the fast reactor was developed, set up, operated and managed independently by Chinese professionals."China has got patents for many innovation achievements and cultivated its own research and development capabilities and expertise via the building of the experimental fast neutron reactor,gucci bags," he said."As an advanced and large sci-tech research and development platform,True Religion Outlet, the experimental fast reactor will boost technological progress in the field and contribute to sustainable development of nuclear power in both China and the world," he said.Initiated in 1992, the fast-reactor program has been jointly organized by the MOST,True Religion Outlet, the State Administration of Science, Technology and Industry for National Defense, and the China National Nuclear Corporation,airmaxnikebs.fr, while the CIAE has carried out the program in collaboration with hundreds of universities, research institutions and enterprises.In May 2009, the experimental neutron fast reactor conducted its heat debug operation and it reached its first nuclear criticality on July 21,tory burch, 2010. It generated electricity that goes into the grid for the first time on July 22, 2011.Chinese scientists are now engaged in developing key technologies, such as demonstration fast reactor and mixed-oxide nuclear fuel,Air Max pas cher, in order to develop commercial fast reactors and set up a recycled nuclear fuel system,oakley outlet, the CIAE said.
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