Raffles Education

Re: Raffles Education

Postby winston » Thu May 10, 2012 12:23 pm

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Raffles Education: Profit of S$1.54m. Raffles Education posted a 3QFY12 net profit of S$1.54m, helped by a fair value gain.

This is compared to a restated net loss of S$0.46m for 3QFY11.

Revenue dipped 5% yoy to S$36m on the back of lower revenue from its Asia Pacific (ex-China) operations, reduced contributions from Zhongfa College following the divestment of a 50% interest in Value Vantage as well as lower enrolment at its colleges in China.

Source: The Business Times
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Re: Raffles Education

Postby winston » Sat Aug 25, 2012 6:53 am

Education not sure thing ?

Raffles Education posts full-year loss By Emilyn Yap

Raffles Education Corporation swung to a net loss attributable to equity holders of $76.8 million for the year ended June 30, from a net profit of $41.9 million the previous year.

Revenue fell 10 per cent during the period to $131.1 million.

Loss per ordinary share for the year was 8.98 cents, compared with earnings per share of 4.89 cents a year ago.

Raffles Education has seen its revenue from China decline and expects this to continue as a result of "challenging operating conditions" in the country.

http://www.businesstimes.com.sg/breakin ... s-20120824
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Re: Raffles Education

Postby winston » Tue Aug 28, 2012 8:48 am

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Singapore education services provider Raffles Education said on Monday, it plans to issue up to 170.9 million rights shares at S$0.14 each, on the basis of one rights share for every five existing shares held by certain shareholders.


Source: Reuters
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Re: Raffles Education

Postby winston » Thu Sep 13, 2012 1:07 pm

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Raffles Education Corp Ltd jumped 19.2 percent to S$0.435 after Singapore tycoon Oei Hong Leong raised its direct stake in the company to 4.86 percent from 3.51 percent previously, a stock exchange filing showed.

Oei also has a deemed stake of 1.28 percent in Raffles Education.


Source: Reuters
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Re: Raffles Education

Postby winston » Mon Feb 04, 2013 9:59 am

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Raffles Education rises as OEL heads for IPO

A surge of interest in impending new listee Overseas Education Ltd (OEL) has also lifted the stock of another listed education player, Raffles Education.

Raffles Education started stirring last week, gaining some 10 per cent to hit a four-month high before the close of Friday trading, when it edged up 2.5 cents to 38.5 cents.

All this comes ahead of the Thursday listing of private foreign education player Overseas Education, whose 125 million shares are being offered at 48 cents apiece, translating into a price-earning multiple of 6.6 times. It has an NTA of 27.8 cents, total equity of $54.7 million and a return on equity of 35.4 per cent.

Raffles Education, on the other hand, has had a tough few years recently and posted a loss of some $85 million for the year to end-June 2012, largely due to write-offs in Vietnam and China.

This compares with a profit of $51.3 million in the previous year. But it completed a one-for-five rights issue in October last year at 14 cents per share, boosting its new NAV 51 cents following the issue.

The company has been on a turnaround path, boosting its profit for Q1 to end-September 2012 to $5.4 million on revenue of $32.8 million. It has also been expanding its ex-China footprint aggressively over the past two years. It bought new campus space at Merchant Square for $65 million in January 2011, and through its 80 per cent owned Raffles Iskandar, bought a 2.8 million-sq-ft property for RM90 million (S$36 million) to house its new Raffles University Iskandar and American school campuses there.

In India, it is boosting its presence via its Raffles Millenium University at Greater Noida in New Delhi. Meanwhile, it is also growing its Oriental University City in Beijing after hiving off some assets there. Schools are also planned for Medan and Batam.

Some within the market reckon that, as the largest private education group in the Asia-Pacific with 22,000 students in 33 colleges in 30 cities across 13 countries, Raffles Education will remain on the radar screens of investors.

Source: AmFraser
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Re: Raffles Education

Postby behappyalways » Thu Oct 30, 2014 6:52 pm

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CEO lost his cool... calling shareholders "Oii.. you're ridiculous!!" and telling them to sell their shares if they not happy with company.


Mano Sabnani: On PEC, RAFFLES EDUCATION and AUSGROUP
http://www.nextinsight.net/index.php/st ... o-sabnani-
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Re: Raffles Education

Postby behappyalways » Fri May 12, 2017 6:23 pm

Raffles Education 3Q losses widen 43% to $9.4 mil on lower revenue
http://www.theedgemarkets.com.sg/raffle ... er-revenue
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Re: Raffles Education

Postby behappyalways » Sun Aug 27, 2017 9:10 pm

raffles-education-swings-back-black-fy17-reversal-tax-payable
https://www.theedgesingapore.com/raffle ... ax-payable
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Re: Raffles Education

Postby winston » Tue Sep 26, 2017 8:09 am

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Oei Hong Leong scoops more shares in Raffles Education


Source: The Edge

https://www.theedgesingapore.com/oei-ho ... a-87358173
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Re: Raffles Education

Postby behappyalways » Sat Sep 30, 2017 6:01 pm

raffles-education-placing-out-95-million-new-shares-raise-285-mil-pare-loans
https://www.theedgesingapore.com/raffle ... pare-loans
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