KME - Kip McGrath

[galumay]

Interestingly ,my modelling has a range of IV slightly north of $1still. My conviction is not as strong!

 

[Dona Ferentes]

Interestingly ,my modelling has a range of IV slightly north of $1still. My conviction is not as strong!

must have been rather poor 1H ... down 33 per cent.

DNH

 

[Dona Ferentes]

.
FY24 Full Year Outlook
• Strong growth in the global tuition market, aligning with our business expansion
• Internal focus on improving profitability with ongoing margin enhancements
• Anticipating improved profitability for Tutorfly and corporate operations in the second half
• Enhanced technology is propelling franchise lesson expansion, higher student retention, as well as delivering efficiencies
• FY24 Global revenues are expected to continue to grow at similar rates as observed in the first half
• FY24 full year profit is expected to align with the prior year result.
.
is the model working? how's global expansion to be funded?

 

[galumay]

I think there are a lot of moving parts. Loss of a high margin client in the ME, Cluey 'poaching' customers with a loss leading adwords strategy, corporate model lessens high margin franchise revenues, poor franchises are incentivised to move to the corporate model, Tutorfly proving problematic. Probably my lowest conviction holding now.

 

[finicky]

FY24 result
And yet price up over 30%? On only 240k volume.
They're tipping revenue and orifit growth for FY25

Held
Stuck

 

[finicky]

I'll leave it to the experts as to why this is worth a 28% bump today. Exiting U.S venture, new M.D.

Sml Holding

 

[galumay]

Yes, find the x-spurt to explain, please! Sure got rid of Storm's folly of Tutafly in US, but that will wipe out any potential profit for FY 2025 as an impairment. (and associated losses). The only guidance was for bull**** earnings so hard to tell what the left over domestic business is worth, but I cant see how it can be worth 30% more than it was yesterday!!