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peter122

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14/06/17

14:37

Post #: 25269708
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Originally posted by 007jb ↑

Over the last few years, many ASX listed education companies have disappeared costing hundreds of millions dollars to investors. This happened primarily due to their wrong doings, compromising with the quality of courses, and expensive acquisitions. However, RedHill Education (ASX: RDH) appears to be one of the rare in the class, which has sailed the rough weather. Sticking to quality education and remaining away from costly acquisitions, the RDH has done much better relative to its peers. (See chart on page 6, Chairman address to AGM; ASX announcement dated 24/11/2016)

RDH has no debt, and small equity around 30m shares is mostly in the hands of few (top 20 holders account for around 80%). Furthermore, there is turnaround in financial results. The latest half-year results show a profit of $54,000 v/s loss for the previous half year (31 December 2015: loss of $47,000). Above all, RedHill expects financial performance to improve significantly in the second half of FY2017, and for full year FY2017. (Ref: FY2017 Interim report, 22 Feb 2017, pages 1-2). As such, RDH share price appears to be just waiting for an investor update. During 2016, the investor update came on 24 June 2016, and perhaps it may be June again. So be ready for big jump!

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Expects FY2017 second half year financial results to include revenue of approximately $22.2 million, an increase of 42%

Expects FY2017 second half year EBITDA of approximately $3.0 million, an increase of 300% against previous corresponding half year

Expects FY2017 full year financial results to include revenue of about $40.2 million an increase of 42% against previous year

42 % ??? which of the educators can match that????
RDH Price at posting: $1.40 Sentiment: Buy Disclosure: Held
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Ready for big jump!, page-2

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