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Raffles Edu

GuavaXF30
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29-Mar-2011 09:14     
 
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 Alert Admin 		Likely volume and price drop further. Punters less likely to play up and company and business fundamental not happening. Already down 2% today. :(

isaac976      ( Date: 29-Mar-2011 09:09) Posted:

Hi Louis001, much appreciated for your advise, since they have initiated the 3-1 now, I wonder what most likely is gonna happen now... 

louis001      ( Date: 28-Mar-2011 11:16) Posted:

its neither good or bad thing...according to the company official  annoucement, it is NOT to let it be a penny stock and manipulated by speculators, to reduce the no of shares available, also to attract big institutions' attention.... long term wise, seems to be OK to keep at current price, based on what has been reported...what happens after CONS is anybody guess...
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isaac976
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29-Mar-2011 09:09     
 
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 Alert Admin 		Hi Louis001, much appreciated for your advise, since they have initiated the 3-1 now, I wonder what most likely is gonna happen now... 

louis001      ( Date: 28-Mar-2011 11:16) Posted:

its neither good or bad thing...according to the company official  annoucement, it is NOT to let it be a penny stock and manipulated by speculators, to reduce the no of shares available, also to attract big institutions' attention.... long term wise, seems to be OK to keep at current price, based on what has been reported...what happens after CONS is anybody guess....

isaac976      ( Date: 28-Mar-2011 09:48) Posted:

Will the consolidation from 3 - 1 be a good thing or a bad thing? sorry if this is such a novice question, really would like to learn more from everyone out here. 


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GuavaXF30
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29-Mar-2011 09:03     
 
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 Alert Admin 		REMINDER. Raffles Edu sahre has consolidated 3 into 1. Whatever you had yesterday, please divide by 3 in your are selling ! DON'T BOO BOO !!!

louis001      ( Date: 28-Mar-2011 11:26) Posted:

Raffles Education Corporation rated 'buy' by Kim Eng

Written by The Edge
Wednesday, 23 March 2011 16:47

Kim Eng Research in a Mar 23 research report says: " Raffles Education’s (REC) share price has fallen by 24% from its recent high amid the rising tension in the Middle East and the unfolding nuclear crisis in Japan.

" We reckon there is a good chance REC may float OUC on the Hong Kong Stock Exchange ahead of its targeted timeline of August 2013. Assuming that the initial public offering goes through, OUC could command a P/B of 1.5-1.7x (about $700-800 million), depending on market conditions. At the current price of 26 cents, this means investors would be getting REC’s core education business for a steal.

" Operationally, we think REC is near the trough as growing contribution from its colleges in the region should help to mitigate the structural decline in student enrolment in China. Target price of 40 cents, based on SOTP valuation. MAINTAIN BUY."

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louis001
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28-Mar-2011 11:26     
 
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 Alert Admin 		Raffles Education Corporation rated 'buy' by Kim Eng

Written by The Edge
Wednesday, 23 March 2011 16:47

Kim Eng Research in a Mar 23 research report says: " Raffles Education’s (REC) share price has fallen by 24% from its recent high amid the rising tension in the Middle East and the unfolding nuclear crisis in Japan.

" We reckon there is a good chance REC may float OUC on the Hong Kong Stock Exchange ahead of its targeted timeline of August 2013. Assuming that the initial public offering goes through, OUC could command a P/B of 1.5-1.7x (about $700-800 million), depending on market conditions. At the current price of 26 cents, this means investors would be getting REC’s core education business for a steal.

" Operationally, we think REC is near the trough as growing contribution from its colleges in the region should help to mitigate the structural decline in student enrolment in China. Target price of 40 cents, based on SOTP valuation. MAINTAIN BUY."
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epliew
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28-Mar-2011 11:20     
 
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 Alert Admin 		welcome back pharoah !

pharoah88      ( Date: 25-Mar-2011 10:17) Posted:



Raffles Education: Approval obtained for share consolidation

Summary: Raffles Education Corp (REC) announced that it has received the relevant approvals with regards to its proposal to consolidate every three existing ordinary shares into one ordinary share in the capital of the group. While there is no difference to shareholders, it could help to reduce the magnitude of volatility in REC’s share price. Given the increasing emphasis and awareness placed on education, we opine that quality private education providers such as REC would stand to be a beneficiary. We like REC for its established track record in the regional education scene and its efforts to improve the depth of its services by moving up the education value system. However, we expect headwinds from China to persist for some time while meaningful contribution from its new schools is only beginning to accrue.

This could limit the potential upside for REC’s share price, in our opinion.

As such we maintain our HOLDrating and fair value estimate of S$0.27 (S$0.815 after adjusting for the share consolidation). (Wong Teck Ching Andy)
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louis001
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28-Mar-2011 11:16     
 
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 Alert Admin 		its neither good or bad thing...according to the company official  annoucement, it is NOT to let it be a penny stock and manipulated by speculators, to reduce the no of shares available, also to attract big institutions' attention.... long term wise, seems to be OK to keep at current price, based on what has been reported...what happens after CONS is anybody guess....

isaac976      ( Date: 28-Mar-2011 09:48) Posted:

Will the consolidation from 3 - 1 be a good thing or a bad thing? sorry if this is such a novice question, really would like to learn more from everyone out here. 

louis001      ( Date: 25-Mar-2011 21:09) Posted:



The EGM was only on  23 Mar. REdu really works fast to  issue the following:

29/03/2011: Ex-Dividend
ENTITLMENT : CONSO 3 TO 1
Record Date: 31 Mar 2011
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GuavaXF30
Master
28-Mar-2011 10:37     
 
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 Alert Admin 		Worst, blur blur sell more than you actually have after consolidation ! Remember, it becomes 1/3 of what you actually have.

OneSharer      ( Date: 28-Mar-2011 10:17) Posted:

don't blur blur sell tomorrow just because the price is higher than today. 

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OneSharer
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28-Mar-2011 10:17     
 
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 Alert Admin 		don't blur blur sell tomorrow just because the price is higher than today. 
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GuavaXF30
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28-Mar-2011 09:53     
 
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 Alert Admin 		Think if got profit, better sell. Consol is neutral and is quite meaningless. It's worst than dual listing and only artificially presents a higher unit value....

isaac976      ( Date: 28-Mar-2011 09:48) Posted:

Will the consolidation from 3 - 1 be a good thing or a bad thing? sorry if this is such a novice question, really would like to learn more from everyone out here. 

louis001      ( Date: 25-Mar-2011 21:09) Posted:



The EGM was only on  23 Mar. REdu really works fast to  issue the following:

29/03/2011: Ex-Dividend
ENTITLMENT : CONSO 3 TO 1
Record Date: 31 Mar 2011
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isaac976
Member
28-Mar-2011 09:48     
 
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 Alert Admin 		Will the consolidation from 3 - 1 be a good thing or a bad thing? sorry if this is such a novice question, really would like to learn more from everyone out here. 

louis001      ( Date: 25-Mar-2011 21:09) Posted:



The EGM was only on  23 Mar. REdu really works fast to  issue the following:

29/03/2011: Ex-Dividend
ENTITLMENT : CONSO 3 TO 1
Record Date: 31 Mar 2011
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louis001
Master
25-Mar-2011 21:09     
 
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The EGM was only on  23 Mar. REdu really works fast to  issue the following:

29/03/2011: Ex-Dividend
ENTITLMENT : CONSO 3 TO 1
Record Date: 31 Mar 2011
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ruanlai
Master
25-Mar-2011 15:49     
 
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 Alert Admin 		Kim Eng Research says market is grossly undervaluing RAFFLES EDUCATION

Analyst: Eric Ong

Oriental University City: Its campus covers 3.31million sq m with a built up space of 1.04 million sq metres, and houses 14 colleges with a student population of over 35,000. Source: OUC website




Our scenario analysis suggests that if Oriental University City (OUC) is successfully listed, then the market would be grossly understating the value of Raffles Education’s (REC) education business. Maintain BUY with a target price of $0.40, which implies 54% upside.

Our View

We reckon there is a good chance REC may float OUC on the Hong Kong Stock Exchange ahead of its targeted timeline of August 2013 Assuming that the initial public offering goes through, OUC could command a P/B of 1.5-1.7x (about S$700-800m), depending on market conditions. At the current price of $0.26, this means investors would be getting REC’s core education business for a steal.

Separately, management is close to identifying a co-developer for the OUC land, which will therefore allow REC to monetise part of its RMB2b investment. A new master planning document has also been submitted to the relevant authorities to convert more land (in addition to the 280,000 sq m) for mixed residential/commercial use. However, based on the company’s experience, the approval process could take up to 1.5 years.
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seanpent
Elite
25-Mar-2011 14:53     
 
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 Alert Admin 		hopefully it will head towards 30cts early next week ...

hyruga      ( Date: 24-Mar-2011 00:03) Posted:

Raffles Education Corporation rated 'buy' by Kim Eng

Written by The Edge
Wednesday, 23 March 2011 16:47

Kim Eng Research in a Mar 23 research report says: " Raffles Education’s (REC) share price has fallen by 24% from its recent high amid the rising tension in the Middle East and the unfolding nuclear crisis in Japan.

" We reckon there is a good chance REC may float OUC on the Hong Kong Stock Exchange ahead of its targeted timeline of August 2013. Assuming that the initial public offering goes through, OUC could command a P/B of 1.5-1.7x (about $700-800 million), depending on market conditions. At the current price of 26 cents, this means investors would be getting REC’s core education business for a steal.

" Operationally, we think REC is near the trough as growing contribution from its colleges in the region should help to mitigate the structural decline in student enrolment in China. Target price of 40 cents, based on SOTP valuation. MAINTAIN BUY."

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pharoah88
Supreme
25-Mar-2011 10:17     
 
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Raffles Education: Approval obtained for share consolidation

Summary: Raffles Education Corp (REC) announced that it has received the relevant approvals with regards to its proposal to consolidate every three existing ordinary shares into one ordinary share in the capital of the group. While there is no difference to shareholders, it could help to reduce the magnitude of volatility in REC’s share price. Given the increasing emphasis and awareness placed on education, we opine that quality private education providers such as REC would stand to be a beneficiary. We like REC for its established track record in the regional education scene and its efforts to improve the depth of its services by moving up the education value system. However, we expect headwinds from China to persist for some time while meaningful contribution from its new schools is only beginning to accrue.

This could limit the potential upside for REC’s share price, in our opinion.

As such we maintain our HOLDrating and fair value estimate of S$0.27 (S$0.815 after adjusting for the share consolidation). (Wong Teck Ching Andy)
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hyruga
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24-Mar-2011 12:38     
 
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 Alert Admin

This is only counting tangible assets. It doesnt count in goodwill, trade receivables and reputation and the fact that RE has been making money every single quarters for past 5 years.

Also, RE now owns many properties and land. They pay less rentals now and also their present land value will  probably increase with time. 

knightrider      ( Date: 23-Mar-2011 09:37) Posted:



knightrider      ( Date: 16-Mar-2011 10:47) Posted:



So they want to scare the shit out from the Ass. LOL.

I bought my share in S$0.255, good luck. 
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seanpent
Elite
24-Mar-2011 08:43     
 
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seems like demand accumulating ... 

hope to see an impulsive breakout ... 
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hyruga
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24-Mar-2011 00:03     
 
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 Alert Admin 		Raffles Education Corporation rated 'buy' by Kim Eng

Written by The Edge
Wednesday, 23 March 2011 16:47

Kim Eng Research in a Mar 23 research report says: " Raffles Education’s (REC) share price has fallen by 24% from its recent high amid the rising tension in the Middle East and the unfolding nuclear crisis in Japan.

" We reckon there is a good chance REC may float OUC on the Hong Kong Stock Exchange ahead of its targeted timeline of August 2013. Assuming that the initial public offering goes through, OUC could command a P/B of 1.5-1.7x (about $700-800 million), depending on market conditions. At the current price of 26 cents, this means investors would be getting REC’s core education business for a steal.

" Operationally, we think REC is near the trough as growing contribution from its colleges in the region should help to mitigate the structural decline in student enrolment in China. Target price of 40 cents, based on SOTP valuation. MAINTAIN BUY."
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knightrider
Elite
23-Mar-2011 09:37     
 
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knightrider      ( Date: 16-Mar-2011 10:47) Posted:



So they want to scare the shit out from the Ass. LOL.

I bought my share in S$0.255, good luck. 

louis001      ( Date: 15-Mar-2011 21:03) Posted:



just checked the circular to shareholders: 2.7 pg 7, it states for illustrative purposes only, excludes treasury shares:

after consolidation : $458,079,000 / 854,474,587shares = $0.54/shr. If that is the case, than the REdu shares before consolidation will have to DROP to $0.18 for this to happen, really very very scary.... if it is for illustrative purposes only, than  this example 2.7 is  a very lousy and scary one ...
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knightrider
Elite
23-Mar-2011 09:30     
 
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 Alert Admin
1.Date of notice to issuer *21-03-2011  
 
2.Name of  Substantial Shareholder  *Doris Chung Gim Lian 
 
3.Please tick one or more appropriate box(es): *
 
  • Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]
    •  
     
    > > PART II
     
    1.Date of change of  [Select Option] 
     
    2.Name of Registered Holder 
     
    3.Circumstance(s) giving rise to the interest or change in interest[Select Option]  
      # Please specify details
       
     
    4.Information relating to shares held in the name of the Registered Holder
     
    No. of  [Select Option]  held before the change 
    As a percentage of issued share capital%
     
    No. of N.A. which are subject of this notice 
    As a percentage of issued share capital%
     
    Amount of consideration (excluding brokerage and stamp duties) per share paid or received 
     
    No. of N.A. held after the change 
    As a percentage of issued share capital%
     
     
    > > PART III
     
    1.Date of change of  Shareholding21-03-2011  
     
    2.The change in the percentage levelFrom 10.67 % To 10.86 %
     
    3.Circumstance(s) giving rise to the interest or change in interestOpen Market Purchase  
      # Please specify details
    Open market purchases by spouse  
     
    4.A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:
    The change in the percentage level is the result of a series of tansactions.  
     
     
    > > PART IV
     
    1.Holdings of  Substantial Shareholder  , including direct and deemed interest :
     
    Direct
    Deemed
    No. of shares held before the change610,332,551   273,449,718  
    As a percentage of issued share capital23.81 %10.67 %
    No. of shares held after the change610,332,551   278,449,718  
    As a percentage of issued share capital23.81 %10.86 %
     
    Footnotes
    Shareholding figures shown under Direct includes 544,864,933 shares which are held jointly by Ms Doris Chung and her spouse.

    The above percentages of interests were calculated based on the issued share capital of 2,563,423,702 shares (excluding 59,796,000 Treasury Shares).
     
     
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    knightrider
    Elite
    		23-Mar-2011 09:29     
     
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    1.Date of change of  Shareholding21-03-2011  
     
    2.Name of Registered HolderChew Hua Seng  
     
    3.Circumstance(s) giving rise to the interest or change in interestOpen Market Purchase  
      # Please specify details
       
     
    4.Information relating to shares held in the name of the Registered Holder
     
    No. of  Shares  held before the change818,314,651  
    As a percentage of issued share capital31.92 %
     
    No. of Shares which are subject of this notice5,000,000  
    As a percentage of issued share capital0.20 %
     
    Amount of consideration (excluding brokerage and stamp duties) per share paid or received0.255  
     
    No. of Shares held after the change823,314,651  
    As a percentage of issued share capital32.12 %
     
     
    > > PART III
     
    1.Date of change of  [Select Option] 
     
    2.The change in the percentage levelFrom % To %
     
    3.Circumstance(s) giving rise to the interest or change in interest[Select Option]  
      # Please specify details
       
     
    4.A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:
       
     
     
    > > PART IV
     
    1.Holdings of  Director  , including direct and deemed interest :
     
    Direct
    Deemed
    No. of shares held before the change818,314,651   65,467,618  
    As a percentage of issued share capital31.92 %2.55 %
    No. of shares held after the change823,314,651   65,467,618  
    As a percentage of issued share capital32.12 %2.55 %
     
    Footnotes
    Shareholding figures shown under Direct includes 544,864,933 shares which are held jointly by Mr Chew Hua Seng and his spouse.

    The above percentages of interests were calculated based on the issued share capital of 2,563,423,702 shares (excluding 59,796,000 Treasury Shares).
     
     
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    Total size =  0
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