KME 1.49% 33.0¢ kip mcgrath education centres limited

Yes looks like it was meant to be EBITDA not NPAT. Needless to...

  1. 96 Posts.
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    Yes looks like it was meant to be EBITDA not NPAT.

    Needless to say they have reaffirmed the positives and shed a bit more light on the online offering.

    30% clip of a $55 online session is substantial, at 150 students it is only 130K of revenue - however this initiative is new.

    They will not just sell to existing franchises but it will be offered as an 'online only franchise' a sort of back yard / hobby business.

    If we assume KME get 5% of volume online that is $1.7M in revenue at very high incremental margins - crudely ignoring cannibalization of course.
 
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