RafflesEdu   

Raffles Edu

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...

 

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.

 

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."

 

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."

 

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)

 

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

 

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.

 

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

 

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

 

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

 

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

 

Kim Eng Research says market is grossly undervaluing RAFFLES EDUCATION

Analyst: Eric Ong





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.

 

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."

 

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)

 

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.

 

seems like demand accumulating ... 

hope to see an impulsive breakout ... 

 

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."

 

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 ...

 

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  Shareholding

21-03-2011

2.

The change in the percentage level

From 10.67 % To 10.86 %

3.	Circumstance(s) giving rise to the interest or change in interest	Open 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 change	610,332,551	273,449,718
As a percentage of issued share capital	23.81 %	10.67 %
No. of shares held after the change	610,332,551	278,449,718
As a percentage of issued share capital	23.81 %	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).

Attachments

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