KME 4.55% 31.5¢ kip mcgrath education centres limited

Ann: Profit Guidance, page-11

  1. 1,158 Posts.
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    I agree and am kicking myself for not having bought more (only about 6% of portfolio despite being a triple bagger from purchase) I am also surprised by the extent of the revenue growth.

    i disagree about the cash position- I don’t think you can count money held for franchisees as KMEs cash on the balance sheet is slightly misleading. Nevertheless this cash is favourable from a working capital point of view.
 
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