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Raffles education has always been in the black every quarter. Just earn more or earn less.
lesliesiaky ( Date: 19-Jan-2011 20:00) Posted:
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What's the reason for getting back into the black in this Qtr reporting?
hyruga ( Date: 19-Jan-2011 11:49) Posted:
Just hold and wait for financial result coming in early feb. CNY also coming. Hopefully, got dividend this time round! |
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this question is not for u and the public to answer. projection of growth is a strategic matter to the company. study the annual report and roughly you will know the answer. the uptrend will continue to climb but staggard.
load up before you are left out.
RaffleEdu successful make its bullish reversal. Today it also breakout a 2nd time! Will this bullish trend continue?
read my analysis on RaffleEdu here
That is correct and especially so if the new schools can start generating profit, my question is how do we project that its earning will grow this quarter and not a year later?
this counter shd at least worth 60 cents by now if not for the pulling out of strategic investor and poor enrollment of students. this year will shine and double in price
load up before you are left out.
What's the reason for getting back into the black in this Qtr reporting?
hyruga ( Date: 19-Jan-2011 11:49) Posted:
Just hold and wait for financial result coming in early feb. CNY also coming. Hopefully, got dividend this time round! |
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Just hold and wait for financial result coming in early feb. CNY also coming. Hopefully, got dividend this time round!
Don't believe all the crap, do your own guts and homework !!!
Mon or Tue Good morning Ch8, broking house Analyst recommend OUE, and today drop like shit ! So you believe you die.
They want to make your $$$. So they say buy call, do your homework.
So they say Raffles only worth S$0.23 and target S$0.28, then we need to buy more. My target for this is after they announce the uni plan approval and maybe set at S$0.38.
Remember all those Money mind or Good morning Ch8 or ChannelnewsAsia, thet put up a disclaimer notice after the show. Good Luck.
ruanlai ( Date: 19-Jan-2011 10:35) Posted:
FM is pushing up for fund raising......Musical Chairs now go round and round.
See who is holding it when the music stop.
Beware........Stock only worth at 23cents........althougt Tg Px at 28cents recommended by house.
Good luck |
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FM is pushing up for fund raising......Musical Chairs now go round and round.
See who is holding it when the music stop.
Beware........Stock only worth at 23cents........althougt Tg Px at 28cents recommended by house.
Good luck
CNY hongbao for us. :)
Any good news ? if not why RE price jumped suddenly?
load up in tranches and wait patients for annoucements. potential multi baggers.
load up in tranches and wait patients for annoucements. potential multi baggers.
Its gonna go soon...
yes. coming and be patient. load and load fiercely under 30 cents.
masterlim,when will this be happen?this year through? (announcement of uni approval & Malaysia GIC)
masterlim8888 ( Date: 06-Jan-2011 21:27) Posted:
| dont sell for a merge profit. the best is yet to be. its not even 10% of the rally. once announcements of universities approval and malaysia gic is made, you will see crazy rally. from 30 cents straight to 50 cents. |
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A. INTRODUCTION
The Board of Directors of Raffles Education Corporation Limited (the “Company”) wishes to
announce that the Company has on 12 January 2011 exercised an option (the “Option”) dated 15
December 2010 between the Company as purchaser and Merchant Square Pte Ltd as the vendor
(the “Vendor”) in connection with the acquisition of 51 Merchant Road, 2, 4 and 6 Fisher Street, 1,
3 and 5 Angus Street, Singapore (collectively referred to as “Merchant Square”) (the “Proposed
Acquisition”).
B. THE PROPOSED ACQUISITION
1. Information on Merchant Square
Merchant Square is located at 51 Merchant Road, 2, 4 and 6 Fisher Street, 1, 3 and 5
Angus Street, Singapore, and comprises a four-storey office tower and two blocks of
shophouses. Merchant Square has a 99-year leasehold from 1993 and has a total net
lettable area of 50,262 square feet.
2. Consideration payable under the Proposed Acquisition
The consideration for the purchase of Merchant Square shall be satisfied by the payment
of the aggregate sum of S$65 million to the Vendor (the “Consideration Sum”).
Under the terms of the Proposed Acquisition, 1% of the Consideration Sum was paid upon
the grant of the Option on 15 December 2010, 4% of the Consideration Sum is payable
upon the exercise of the Option and the balance is payable upon completion which will take
place 12 weeks from the date of acceptance of the Option.
The aggregate value of the consideration for the Proposed Acquisition was arrived at on a
willing-buyer and willing-seller basis after arm’s length negotiations. The Consideration
Sum was determined after considering factors such as the current use of the property and
the general property market conditions in Singapore. No independent third party valuation
was conducted on Merchant Square.
The Consideration Sum will be funded by internal cashflows and bank borrowings.
Published January 13, 2011 
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Brokers' Take
Raffles Education Corp
Jan 12 close: $0.29
OCBC INVESTMENT RESEARCH, Jan 12
RAFFLES Education Corp (REC) is seeking to broaden and enhance its educational expertise with the recent launch of Raffles European Dual Academy Pte Ltd (REDA).
This means that REC will be the first academy in Asia to establish and introduce the 'Duale Hochschule' model of theory-practical education (also known as Dual Education System).
We view this move positively as it will provide a level of 'freshness' to REC's pedagogy and enhance its reputation as a leading private education provider.
Management has guided that they have received many queries pertaining to the new programme and are on schedule to commence classes in April 2011 as previously stated.
REC is currently undertaking a two-prong approach in the implementation of its REDA programme.
First, it is marketing this unique programme to students to generate awareness since this is a relatively new concept in Asia.
Secondly, REC is seeking to grow the membership of its partner companies as students are required to complete a supervised mentorship with a partner company for a duration of 18 months.
The initial curriculum at REDA includes three-year degree programmes leading to the Bachelor of Science in International Business with specialisations in 'international marketing' and 'hotel management'.
A Dual Education System (DES) has an entrenched tradition in Germany and is mainly practised in European countries such as Germany, Spain, and Switzerland.
This involves alternate study phases in theory and practical experience in companies such that students will be able to gain valuable first-hand work experience and a better understanding of industry practices.
We understand that REDA will provide the theoretical aspects of the programme while REC's partner companies will provide the practical aspects with real-life projects.
This DES has also been adopted as part of REC's collaborative agreement with Germany's Baden-Wurttemberg Cooperative State University.
We note that this collaboration is in line with the views of Singapore and Baden-Wurttemberg (a state of Germany) that the two places have many avenues to boost collaboration, with education being one of them.
While we are positive on the REDA initiative in raising REC's profile and broadening its educational capabilities, we do not expect significant near-term impact on our financial forecasts.
Hence we retain our estimates for now and reiterate our 'hold' rating and fair value estimate of $0.285 (based on 18x FY2011F EPS).
HOLD |
Business Times 13.01.2011
Brokers'
Take13/01/11
RAFFLES Education Corp (REC) is seeking to broaden and
enhance its educational expertise with the recent launch of Raffles European
Dual Academy Pte Ltd (REDA).
Broadening its educational capabilities
Implementation of new education system.
Education Corp (REC) is seeking to broaden and enhance its
educational expertise with the recent launch of Raffles
European Dual Academy Pte Ltd (REDA). This means that
REC will be the first academy in Asia to establish and introduce
the 'Duale Hochschule' model of theory-practical education
(also known as Dual Education System). We view this move
positively as it will provide a level of 'freshness' to REC's
pedagogy and enhance its reputation as a leading private
education provider. Management has guided that they have
received many queries pertaining to the new programme and
are on schedule to commence classes in Apr 11 as previously
stated. REC is currently undertaking a two-prong approach in
the implementation of its REDA programme. First, it is
marketing this unique programme to students to generate
awareness since this is a relatively new concept in Asia.
Secondly, REC is seeking to grow the membership of its
partner companies as students are required to complete a
supervised mentorship with a partner company for a duration
of 18 months. The initial curriculum at REDA includes threeyear
degree programmes leading to the Bachelor of Science
in International Business with specialisations in "International
Marketing" and "Hotel Management".
Raffles
What is a Dual Education System?
System (DES) has an entrenched tradition in Germany and is
mainly practiced in European countries such as Germany,
Spain and Switzerland. This involves alternate study phases
in theory and practical experience in companies such that
students will be able to gain valuable first-hand work experience
and better understanding of industry practices. We understand
that REDA will provide the theoretical aspects of the programme
while REC's partner companies will provide the practical
aspects with real-life projects. This DES has also been
adopted as part of REC's collaborative agreement with
Germany's Baden-Wurttemberg Cooperative State University.
We note that this collaboration is in line with the views of
Singapore and Baden-Wurttemberg (a state of Germany) that
the two places have many avenues to boost collaboration,
with education being one of them.
A Dual Education
