Canaccord Genuity Report on OLL - $0.50 Fair Value, $0.74 Bullish Target, page-32

14 jobs going on the Openlearning website: https://solutions.openlearning.com/careers



reading the CS101 General Manager job description gives you a good idea of where they're planning to go with the course: https://solutions.openlearning.com/careers/general-manager-cs101

Considering today's SP weakness at 10.5c I was considering whether I buy more and trying to determine what the catalysts would be for the SP to regain momentum - would be interested in other people's thoughts on this, I see a couple of catalysts that would bring buoyancy back to the SP with varying degrees of likelihood being:
1. Revenue from Second (August) and Third (September) TPO intakes trend higher than the first intake with an upwards trend as more universities agree to accept students who have done the TPO. We should get an indication of the revenue from the second intake in the next fortnight with the quarterly, and in the half yearly they had already indicated it had exceeded the first intake. I rate this as a likely scenario.
2. the Intake for the first CS101 is significant - it would need to be much greater than the TPO intake size, just based on the cost profile (and the 67% discount for intake 1). Possible, but less likely than the TPO intake increases.
3. A new 'strategic partnership' is announced with another university for their LMS. It is possible, however I feel if a university hadn't already done this by now in the pandemic it is less likely to do it now?
4. Indications of enrolment sizes for the 5 TPO intakes next year. Just on this point - if we take the first intake as a baseline of ~$409K and say worst case is that the 5 intakes experience a similar revenue, you're looking at almost 100% yoy revenue growth, which if that is combined with reducing the costs of the program as it is now established as opposed to being developed, you'd see losses narrow substantively with that alone.

The main negative I see at the moment is the cash runway. Based on the last half yearly they're burning $5-6Mn per year, at this current rate they'll need another CR next year to keep afloat. are there other significant negatives that people are thinking about?