Raffles Education

Up 4 cents today..... almost 10% up.... closed at 45.5 cents. Kena queried by SGX, standard reply given : we are not aware of the reason for the trading activity.

Aug 2011.
S$0.435 | Neutral
Credit Suisse upgrades Raffles Education to Neutral from Underperform given the stock’s recent underperformance and keeps S$0.45 target price.
It says Raffles Education reported weak Q4 results, with revenue down 19 per cent on year, and excluding S$76.8 million in revaluation gains on its OUC investment property, “would have reported S$14.2 million net loss, marking the worst quarterly performance since listing”.
House says Raffles Education’s earnings outlook in China remains challenging, but it sees further traction from new colleges across Asia and upside from larger-scale university projects in Malaysia, India and Australia.

Lousy numbers for FY12. just announced
But have a feeling they want to take all the bad news into FY12 statement in order that FY13 will look cleaned up and beautiful.

Any expert here on Raffles Education?

 Raffles is asking for money from shareholders ....

S$0.14 for each Rights Share on the basis of one (1) Rights Share for every five (5) existing Share

Hopeless stock..Raffles EDU

Touched a low of 34.5 cents today. So sad.

Once was a S$4 stock that made most people hit their forehead in despair at missing the train to being a millionaire.

Can it do an OSIM????