RafflesEdu   

Raffles Edu

This counter have been sell down recently. Any news?

 

singaporegal, can you comment on the TA of this stock? Thanks!

 

Financial Statements for the Half Year Ended 31 December 2008

Revenue    $107,332,000    +37% vs '07
Net profit    $59,092 ,000    +79% vs '07

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_533FC2782F924A7B48257554003086CC/$file/RECL_Anncemt_2Q2009results.pdf?openelement

 

many actions by this counter recently

• major shareholders buying in massively (~500 lots) almost everyday last month?
• employee share option, execised px 53cents?
• scrip dividends @47cents?

my holding too small so subscribing to the scrip div will get me odd lots... rather get cash in hand ....

still rather optimisitic for M&A on this baby... hold tight

 

kkboy1      ( Date: 20-Jan-2009 06:53) Posted: What is scrip dividend?

 

This is a promising baby...

When the market starts to chiong, it may sprint faster than any other stock...

Because if the whole of China is eager to master English, you can imagine what will happen...

Hehehe...  

 

how's the KKR bidding getting along?

Stock losing steam lately....

ozone2002      ( Date: 01-Dec-2008 15:10) Posted: heard from the grapevine.. KKR bidding for this baby.. check with ur broker..

 

i think they give you shares instead of cash...

details , can check with broker.

kkboy1      ( Date: 20-Jan-2009 06:53) Posted: What is scrip dividend?

 

What is scrip dividend?

 

Most coys are going to announce their QTR results ds mth. As Raffles 1H09 falls on last Dec, AK guesses it will table its record card. May be hv some anticipation of the result loh.

francisd      ( Date: 14-Jan-2009 16:50) Posted: Any news guys, why this counter is going down today.  Please reply.

 

Any news guys, why this counter is going down today.  Please reply.

 

Looks like distribution from the acc/dist graph against price.

 

Anyone know what's going on at this counter? 83,951,000 shares crossed at 16:23 making it the top volume counter for today.

 

Bot at around 60 cents. Hope to reach there soon.

 

This one may be an exceptional stock which may go against the tide...

Think English education in China...

 

the buying is crazy...also good..makes it easier to dump..keke

 

There's strength in buying, hope is closes above .56 today 

 

surge to 55c..it better come true ..

 

Bid coming true?

 

%0Singapore: Banks back KKR`s Raffles Education bid (2008/12/01 10:39AM)

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%0Hong Kong (RLPC) December 1, 2008 - basis point- A group of at least five banks has been heard backing a sole bid from Kohlberg Kravis Roberts & Co to take Singapore Exchange-listed Raffles Education Corp Ltd private through a leveraged buyout. No%0other sponsors have been heard preparing bids for the asset, a pan-Asian private education provider. The Raffles Education buyout has been talked about in the loan markets for several months, but it was thought to have gone away in the wake of the%0collapse of Lehman Brothers in mid-September. However, rumours surrounding the deal intensified in recent weeks, with KKR emerging as the sponsor and a number of banks now linked to a potential buyout. Various banking sources suggest the following%0banks are close to the KKR bid: Credit Suisse, Mizuho Corporate Bank, UniCredit, UOB and UBS, with UBS taking an advisory role as Raffles'' house bank. Bankers looking at the target said they considered Raffles a solid asset, despite a share price%0which was down 70% over 12 months at S$0.44 a share on November 28. On the same date, Raffles Education had a market capitalisation of S$1.01bn. One banker looking at the asset estimated the enterprise value at around S$1.1bn (around US$733m), which%0with an offer premium would take the purchase price to around US$1bn. Assuming a debt component of around 55-60% in the current market, recent events surrounding acquisition and leveraged deals suggest more than five banks would be needed to provide%0the debt. Recent attempts at leveraged and acquisition transactions have been hampered by the limited number of banks able to commit funds, the lack of liquidity within those banks that can commit and the extended timetables needed to get approvals%0from credit committees. With share prices tumbling and limited debt backing for sponsor bids, a gulf has emerged between vendors'' expectations on price and buyers'' offers for assets. The result has been a slew of cancelled deals. Just last week,%0Temasek Holdings Pte Ltd cancelled the auction of the last of its three generating company assets, PowerSeraya Ltd, after a protracted bidding process that first saw limited commitments for a staple financing from a team of banks. DBS then offered a%0sole staple for the deal, but timetables were extended to allow more time for banks to sign up for bids, then revised bids were requested from a shortlist of just three bidders. Finally, Temasek cancelled the process. Not only were bids believed to be%0below Temasek''s expectations, but debt pricing had pushed up to four or five times the price paid for the first genco to be sold, Tuas Power Ltd. The top-level all-in on the bridging loan backing the Tuas takeout was around 80bp. In addition, lending%0banks were becoming increasingly wary of a refinancing timetable for 2009 that would have seen the three Singapore gencos - Tuas, Senoko Power Ltd and PowerSeraya - in the market at around the same time for funds. Prior to that, in early October in%0Hong Kong and China the holding company deals for PCCW Ltd and Huawei Technologies Co Ltd were cancelled after sponsor bids came in substantially under vendors'' expectations. While the few banks able to provide funding had continued to talk to sponsor%0 about both deals, few if any are thought to have provided commitments. The PCCW asset had originally been expected to fetch up to US$2.5bn and was backed by a staple financing of around US$900m from UBS. However, shortly before PCCW cancelled the%0auction, the loan portion on bids was rumoured to have fallen as low as US$300m. Describing the bidding process for the PCCW deal at that time, one banker, whose bank did not provide a committed bid said: "We never said no to an awful lot of people."%0 Raffles Education operates three universities and 22 colleges with a total student population of 30,000 across nine countries: Australia, China, India, Malaysia, Mongolia, New Zealand, Singapore, Thailand and Vietnam. In addition to these%0institutions, the company also owns Oriental University Ciy in Langfang in China''s Hebei province. Oriental University City is a 3.31m square metre campus containing 19 colleges and 57,000 students. Stephen Aldred Phone: (852) 2912 6609 Copyright%0[c]2008 by Reuters Loan Pricing Corporation. Any reproduction or retransmission of this story - via fax, photocopy or electronically - is a violation of Federal and International Copyright Laws. Contact Reuters LPC at (1) 646-223-6890 (New York) or%0(44) 207-542-8405 (London) or (852) 2912-6600 (Hong Kong) or (81) 3-6441-1623 (Tokyo) or (971) 0-4-3625805 (Dubai) for information on additional LoanConnector tokens