RafflesEdu   

Raffles Edu

ITE Education Services Private Limited (“ITEES”) is a wholly owned subsidiary of the Institute of
Technical Education (“ITE”) and is authorised by ITE to grant licences to third parties in respect
of courses and other educational material developed by ITE. ITEES also provides professional
services in consultancy and projects as well as short term skills training and professional
courses. ITE is a statutory board under the Ministry of Education, Singapore and is Singapore’s
principal provider of technical education and training. ITE also develops national occupational
skills certification and standards to enhance Singapore’s workforce competitiveness.
Leveraging on more than 40 years of knowledge, capabilities and experience of ITE and its
predecessor organizations, ITEES is able to help organizations meet the training needs and
challenges of a rapidly changing global economy.

 

beware, ITE = It's The End...

 

Which ITE?

If it is Singapore's ITE, is it a Big Name?

May be it is a Big Market!

 

It is not difficult to see that REC is bringing in big names to boost its reputation. Should break 0.41 (23.6% Fibo) soon as it is starting to test the 0.4 again for the 4th time in the past 8 days.

If Ah Boy's waves r correct, current wave should peak around 0.70.  DYODD

 

Raffleseducationcorp And ITE In A Partnership

 

Refer to: http://raffleseducation.listedcompany.com/newsroom/20100223_194235_E6D_83282517DC3DF08A482576D3003A2AD0.1.pdf

 

Do anybody has the market depth on BB's return?

Thanks for the tip.

 

i checked 2009 Annual report on shareholdings:

as of sept 2009, Kim Eng Sec has a holding of 24,000,000 shares...and before the lastest announcement it has sold most ...till 72,000 shares....now starting to buy liao...

FYI only...BB playing the market....we just follow and get a free ride...

 

pharoah88      ( Date: 19-Feb-2010 13:59) Posted: 372,000 shares are too petty for Kim Eng Securities!? Expect to see at least 3,720,000 or better still 37,200,000! dragonhart      ( Date: 19-Feb-2010 10:35) Posted: check out announcement yesterday...3 substantial shareholders made large open market purchases from $0.375 - 0.393..Kim Eng securities is one of them(increased their holdings fr 72,000 to 372,000 shares. it has been  a longtime since they made any moves...hope it is good news for existing shareholders.

 

hi any kindsoul to update the lastest chart below, tks

boyikao3      ( Date: 08-Jan-2010 16:59) Posted: I posted this chart at around 34 cents signalling a buy. Reminder reminder - wave C should at least surpass wave A at around 67cents but use the fibonacci as a guide because sometimes, Cs can be prematurely truncated when not supported by euphoric optimism ! boyikao3      ( Date: 18-Dec-2009 17:54) Posted:

 

I have been waiting for the counter to come down. It has never, even last friday. Years of playing in this market, I think big guns are taking this duo listing seriously.

 

resistance not 0.32 meh?

xavier26      ( Date: 21-Feb-2010 16:40) Posted: Can anyone in here comment on the coming price to come for this counter? Up or Down? I think the resistance level is 0.37.

 

Can anyone in here comment on the coming price to come for this counter? Up or Down? I think the resistance level is 0.37.

 

 

This makes sense. That is perhaps why REC has decided to expand its market in India by opening another 4 more schools. China market already saturated liao....Need another lifeline to cover its lossess over the years.

soyabean      ( Date: 21-Feb-2010 13:47) Posted: Degree expires in 3 years? Where did u see this from? pharoah88      ( Date: 19-Feb-2010 18:04) Posted: Due to the Millions of UNemployed university graduates in China, Over-Priced education market collapsed in China. Parents are UNwilling to pay high prices for education and ended up having Debts Plus UNemployed graduate children.  Nowadays, a DEGREE expires in 3 YEARS. When an university graduate is UNemployed for 3 years, s/he needs a NEW DEGREE. Education must RE-invent its business model in terms of its Costs versus Benefits for its prospective students.

 

Degree expires in 3 years? Where did u see this from?

pharoah88      ( Date: 19-Feb-2010 18:04) Posted: Due to the Millions of UNemployed university graduates in China, Over-Priced education market collapsed in China. Parents are UNwilling to pay high prices for education and ended up having Debts Plus UNemployed graduate children.  Nowadays, a DEGREE expires in 3 YEARS. When an university graduate is UNemployed for 3 years, s/he needs a NEW DEGREE. Education must RE-invent its business model in terms of its Costs versus Benefits for its prospective students.

 

Due to the Millions of UNemployed university graduates in China, Over-Priced education market collapsed in China.

Parents are UNwilling to pay high prices for education and ended up having Debts Plus UNemployed graduate children. 

Nowadays, a DEGREE expires in 3 YEARS.

When an university graduate is UNemployed for 3 years, s/he needs a NEW DEGREE.

Education must RE-invent its business model in terms of its Costs versus Benefits for its prospective students. 

 

 

Khazanah clarifies US$44m investment in OUC

Written by Melody Song for Edge Malaysia online

Thursday, 18 February 2010 20:48

Malaysia’s state investment company Khazanah Nasional Bhd reiterated that its US$44 million ($61.94 million) investment in Oriental University City Ltd (OUC) in Hebei province, China, was in line with its strategic objectives and financial returns requirements.   Clarifying its announcement on Feb 10, Khazanah said in a statement yesterday the investment in OUC was an extension of its China and Education strategy. The move would allow Khazanah to achieve the dual objectives of tapping into the expertise of Raffles Education Corporation Ltd (REC) and capitalise on the upside of China’s growing and under-served education sector which was worth US$39 billion annually, it said. “As with all investment evaluations, the detailed investment evaluation applied in this transaction as a matter of investment policy had looked significantly beyond the historical performance and valuation multiples for 2009 that was quoted in various reports,” it said.   Besides historical performance, it said, the focus of this transaction was to concentrate on a complete set of valuation metrics involving forward-looking financial projections, inherent growth rates, forward price/earnings multiples and a discounted cash flow (DCF) model with an appropriate discount rate that properly reflected the risks involved in a high-growth investment opportunity.    “Suffice to say that the detailed investment evaluation more than satisfies stringent financial criteria that include DCF valuations and internal rate of return (IRR) estimates that are significantly above the risk-adjusted investment hurdle rates, forward earnings multiples that are comparable to industry averages, and compares favourably against inherent growth rates expected in the education sector in China.”    Several parties had expressed concerns over Khazanah’s investment role, strategy and philosophy after its acquisition of a 10% stake in OUC early this month.   “It should be highlighted that the investment has a clear and liquid path for exit if so desired through a planned listing over the medium term,” Khazanah said.   According to reports, OUC focuses on vocational education and provides services to 16 colleges with a total student population of about 36,000.

 

372,000 shares are too petty for Kim Eng Securities!?

Expect to see at least 3,720,000 or better still 37,200,000!

dragonhart      ( Date: 19-Feb-2010 10:35) Posted: check out announcement yesterday...3 substantial shareholders made large open market purchases from $0.375 - 0.393..Kim Eng securities is one of them(increased their holdings fr 72,000 to 372,000 shares. it has been  a longtime since they made any moves...hope it is good news for existing shareholders.

 

can share why u think "will see benefits ripen this yr"? seems like few people going long for this counter....thanks...

CrossCrescent      ( Date: 12-Feb-2010 10:44) Posted: personally I bought 100 lots at 0.415, shocked to see it dropped so much and rebounced.   A little speculative however, will see the benefits ripen this year. Bintang      ( Date: 12-Feb-2010 07:34) Posted: Any flunctuation below the dead cross of this counter is meaningless , to trade on this counter is very risky . Unless the trend has reversed n golden cross has formed , further rebounce is for off loading , n finally the gap at 33 cents  would  be filled

 

check out announcement yesterday...3 substantial shareholders made large open market purchases from $0.375 - 0.393..Kim Eng securities is one of them(increased their holdings fr 72,000 to 372,000 shares. it has been  a longtime since they made any moves...hope it is good news for existing shareholders.

 

personally I bought 100 lots at 0.415, shocked to see it dropped so much and rebounced.

 

A little speculative however, will see the benefits ripen this year.

Bintang      ( Date: 12-Feb-2010 07:34) Posted: Any flunctuation below the dead cross of this counter is meaningless , to trade on this counter is very risky . Unless the trend has reversed n golden cross has formed , further rebounce is for off loading , n finally the gap at 33 cents  would  be filled . risktaker      ( Date: 11-Feb-2010 21:31) Posted: They are right :

 

Any flunctuation below the dead cross of this counter is meaningless , to trade on this counter is very risky . Unless the trend has reversed n golden cross has formed , further rebounce is for off loading , n finally the gap at 33 cents  would  be filled .

risktaker      ( Date: 11-Feb-2010 21:31) Posted: They are right :P marubozu1688      ( Date: 11-Feb-2010 21:28) Posted: Bearish Englufing! Reverse again! Better Run!