was trawling through the COSAMP site and I've noticed that they claim to have had 3500 students in 2020 which aligns with the $250/student that we understand VET provides. In the COSAMP acquisition announcement we were made aware of their yearly revenue of $800k+, that figure can be franked with a simple 3500*250 = $875k
We are also aware that COSAMP are a long way to satisfying their acquisition targets from the half yearly report where we are made aware in note 11 (off the top of my head - one of those) that the contingent consideration is almost at the end of the slide scale at the max of $400k. Note reads as below:
* Contingent consideration comprises up to $400,000 of ReadCloud shares (discounted back to a present value of
$374,000), which is contingent on PKY Media achieving defined revenue targets for FY21 and FY22.
I know that we can expect to have some loss once the students finish their 2 year programs but it also means that the co is established in that school and that should be enough to maintain numbers + grow.
8000 odd from AIET and 3500 COSAMP + a growth of 50% isn't beyond what we can expect especially considering the growth of AIET from year 1 to 2.
I was starting to have some doubts creep in (as you do when you watch a weak share price) but these numbers are solid. The company itself has signalled 117,000, with 17000+ of which being VET and the numbers to grow.
Might have talked myself into another parcel in the next few days !
- Forums
- ASX - By Stock
- Ann: Half-Year Results Presentation - March 2021
was trawling through the COSAMP site and I've noticed that they...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RCL (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.6¢ |
Change
-0.004(4.00%) |
Mkt cap ! $14.03M |
Open | High | Low | Value | Volume |
9.6¢ | 9.6¢ | 9.6¢ | $5.258K | 54.76K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 127000 | 9.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 127000 | 0.095 |
1 | 6500 | 0.093 |
1 | 111849 | 0.084 |
1 | 200000 | 0.065 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 10000 | 1 |
0.110 | 27000 | 1 |
0.115 | 8000 | 1 |
0.120 | 7826 | 1 |
0.145 | 68000 | 1 |
Last trade - 10.40am 18/10/2024 (20 minute delay) ? |
Featured News
RCL (ASX) Chart |