RafflesEdu   

Raffles Edu

this baby picking up on the rumor..

 

KKR is KKK brother....just kidding

no problem..we're all here to learn..

KKR (Kohlberg Kravis Roberts & Co ) is a leading global alternative asset manager with two primary business segments: private equity and fixed income.

 

sorry for this silly question

wat is KKR?

 

I read it also on a news agency service.  Hope it is true, all those who are vested will have windfall during this downfall times.  Cheers.

 

heard from the grapevine..

KKR bidding for this baby..

check with ur broker..

 

Reccession, retrenchment... from what i recall in 97 n 2001.. people will go back school for upgrade. Does that means R Edu will benefit??

Dear Seniors, Comments pls.... looking at this counter, but price keep falling..

 

Going up to 0.655

 

FYI

------

CLSA upgrades Raffles Education to Buy from Outperform, but trims target price to S$1.20 from S$1.40 on revised earnings estimates. Broker cuts FY09-FY11 earnings forecasts by 18-22% due to delays in creating new schools, higher interest expenses. But says education firm still expected to produce 25% core earnings CAGR in next 3 years; new, lower target price still offers plenty of upside as stock has suffered sharp correction recently. "After the recent stock weakness, we believe Raffles Education looks very attractive, the stock is trading below its long term average PE and is significantly lower than its peers even though it offers attractive growth."

 

http://singaporestockmarketnews.blogspot.com/2008/08/singapore-shares-end-flat-down-210.html

Extract:

Citigroup downgrades Raffles Education to Hold from Buy; cuts target price to S$0.95 from S$1.50. Broker says move follows unimpressive recent FY08 results, prospect of slowing organic growth as company encounters government restrictions setting up new colleges in China. Adds company facing cash constraints; "a continued aggressive M&A strategy to acquire Chinese colleges, high dividend payout, outstanding payment for OUC acquisition and delayed Hong Kong IPO of its China business create a funding gap, which we expect to be filled with new debt, resulting in higher interest expenses." But says stock does not merit Sell rating as still positive on company's aspirations to build private college network in long term, China regulatory overhang should at some point be resolved.

 

Raffles Education's valuations "very rich".

 

It is very bearish. I intend to short.

 

Can anyone comment if Raf Edu is still worth accumulating? Its been down for days already. Any reason?

 

 

 

Raffles Education
June 3 close: $1.28
DBS VICKERS, June 3

WE attended a briefing yesterday by Chew Hua Seng on the announced joint venture by Raffles Education Corporation (REC) with Educomp in India and China. Investment amount will total US$100 million in India and US$50 million in China over the next two to three years. The JVs will be focusing on tertiary education in India and K-12 education in China. We see the JV as positive as the potential of the education market for both REC and Educomp is huge given the population in India and China.

We

 

rolled over our discounted cash-flow (DCF) valuations to FY09F;

assume a higher weighted average cost of capital (WACC) as a result of higher beta currently at around 1.1 (from 1x previously);

higher level of gearing (net gearing of 38 per cent as at FY09 ending June); and

the slight dilution arising from the issue of new shares (for Hartford Education Corporation exit offer).

 

Consequently, our TP is adjusted slightly to $1.64 (previously $1.70), on DCF with a WACC of 9.2 per cent (from 8.6 per cent), terminal growth of 3 per cent. Maintain 'buy'.
BUY

 

Investors bullish on raffleseducation investing in china and india markets...

oriental century should be the next stock to benefit from this growth story, raffleseducation has quite a substantial stake in it and has been accumulating...

zero debt, good operating cash flow, large cash pile...there is no reason why this stock should lag behind if investors are still hyped up on the growth outlook for education in emerging markets like china..besides, eduation should make for good economic shelter against inflationary pressures.

 

 

 

Raffles Education rose to a 3-month high after the firm formed joint ventures with India's Educomp Solutions in India and China.

The US$150 million joint ventures with Educomp Solutions, which provides multimedia teaching aids and computer education programmes to schools, allows Raffles Education to tap into the Indian market.

"The Indian education market mirrors that of China in many ways -- inefficient spending by the government on infrastructure and restrictive regulations that stagger private sector participation," Credit Suisse said in a client note.

Credit Suisse analysts kept Raffles Education at "outperform" with a price target of $1.75, a 30% upside from the stock's last traded price.

They said both firms would have limited near-term synergies, and that their education programmes and systems would take time to gain recognition in China and India.

 

alot of 1 lot

funny

 

16:18:39	1.260	1,000	Buy Up
16:18:37	1.260	1,000	Buy Up
16:18:36	1.260	1,000	Buy Up
16:18:34	1.250	1,000	Sell Down
16:17:45	1.260	1,000	Sell Down
16:15:34	1.250	3,000	Sell Down
16:14:33	1.250	1,000	Sell Down
16:14:33	1.250	1,000	Sell Down
16:12:16	1.260	1,000	Sell Down
16:12:12	1.260	1,000	Buy Up
16:12:12	1.260	1,000	Buy Up
16:12:10	1.260	1,000	Buy Up

 

3QFY08 FS

income    $49.2mln   (up 73% vs 3QFY07)

profit     $19.4mln (up 76% vs 3QFY07)

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_353BD64C609D44C0482574410025A11E/$file/REC_3QFY08_NR.pdf?openelement

 

I prefer informatics. Can accumulate more when still not in demand. Can buy alot.

 

since theres no post on Raff Edu, ill be e first... Great company w/ great prospects going forward if executed to perfections. Anyone wanna share some insights or predictions??? Anyway, i bought 10lots at $1.13... my time horizon for tis stock is a longer term one...

 Javier