KME 2.99% 32.5¢ kip mcgrath education centres limited

The online offering seems to be an add on product which is...

  1. 96 Posts.
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    The online offering seems to be an add on product which is driven through at the franchise level. They still retain the customer but have a broader offering attracting a broader range of students. I may be wrong however.

    You would think margins could improve from here as well as that consistent revenue growth we have been seeing.

    Margin Expansion:
    - Reduced product investment cost
    - Improved operating leverage with increased centre and student numbers
    - Increased product offering commanding higher revenue/margins per centre

    Revenue growth:
    - student volumes
    - centre numbers
    - increased product offering from the franchisor to the franchisee
 
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