EDU

6.49%

7.2¢ edu holdings limited

You don't understand the capital cycle in this kind of business;...

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madamswer

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11/09/24

15:59

Post #: 75630822
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Originally posted by mike88 ↑

If you read my previous post comparing the cash flows from operations for the Jan to June 24 for EDU, NXD and AKG, EDU's performance was far superior.

I honestly don't get Matt's continued digs at EDU's viability, it produced 7.54 million cash from operations on receipts of 21.6 mill and increased it's cash balance by 3.1 million to 8 million as at 30 June and was the only of the three that didn't need loans to bolster its cash balance.

It appears to me to be well placed to benefit from it's expansion into Higher Education for a number of years yet on the back of it's very impressive increase in student enrolments in the IKON business this year so far, eg the Bachelor of Childhood Education degree is a 4 year full time course.

As per Edu's latest presentation the study duration of courses across all divisions is 30 months.

This should enable it's cash position to continue to improve for a while yet.

Hopefully once next years election is out of the way, there might be some reconsideration of this absurd policy, I agree with the summing up of the situation made in DMX's latest update.

Also not beyond the realms of possibility that EDU could make an acquisition targeting the local market.

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You don't understand the capital cycle in this kind of business; negative working capital companies are jolly nice things when the top line keeps expanding.

If it doesn't, watch out: deferred revenue account needs to be fully financed.

.

EDU Price at posting: 9.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 7.2¢		Change -0.005(6.49%)		Mkt cap ! $10.83M

Open	High	Low	Value	Volume
7.2¢	7.2¢	7.2¢	$1.1K	15.27K

Buyers (Bids)

No.	Vol.	Price($)
2	500000	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.5¢	150000	1

View Market Depth

No.	Vol.	Price($)
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.087	13574	1
0.090	57500	1
0.100	100000	1
0.120	69103	2
0.135	74800	1

Last trade - 16.10pm 15/11/2024 (20 minute delay)

EDU (ASX) Chart

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