Raffles Education

  • Guest
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11 years 8 months ago #10722 by Guest
Replied by Guest on topic Re:Re:Raffles Education
The point is whether there is a turnaround for Raffles education. Since the china forms majority of the business, it is difficult as people who seek premium education will go overseas instead of studying in China. As such, I think it is difficult to make money on this stock even it is now at 8 year low.

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  • Johnny
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11 years 7 months ago #10756 by Johnny
Replied by Johnny on topic Re:Raffles Education
There is a price level below which Raffles Edu would look like a safe bet. I think it's below 30 cents, which is way below NTA (48 cents -- source Credit Suisse).

Raffles is disposing of 670 mu of land and properties in OUC (with S$24.6 mn received) ----> this would firm up its balance sheet.

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11 years 7 months ago #10757 by fhamlee
Replied by fhamlee on topic Re:Re:Raffles Education
Under such adverse market climate coupled with lowered student intake and competition, most people would have chau loh already. Management's silence on the stock performance tells all.

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  • Guest
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11 years 7 months ago #10768 by Guest
Replied by Guest on topic Re:Re:Re:Raffles Education
I will give it a miss and focus on other great companies for investment. Like warren buffet said, It is better to pay a fair price for a wonderful business than to pay a wonderful price for a fair business. The CEO is still paying himself $4 mil despite poor performance.I also prefer to invest in companies when there is owner thinking.

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  • Guest Too
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11 years 7 months ago #10773 by Guest Too
Replied by Guest Too on topic Re:Raffles Education
I do agree with Guest below.  I had experiences with this company and their management is a failure. Imagine them saying foregoing S$30mil in an investment is not a problem last year!! I seriously have my doubt. Pse put your money in companies with reasonablly good corporate governance. There r so many companies to invest in. Dun burn good money after bad. Good luck.

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  • Johnny
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11 years 7 months ago #10875 by Johnny
Replied by Johnny on topic Re:Raffles Education
OMG, Raffles up 6 cents ----> 36.5 cents. I was waiting for it below 30 cents!
Must be directors buying to show support.

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