Malvern Share Discussion Threads

[nasarsaddique] 26/9/2024 06:38

Commenting on the results and prospects, Richard Mace, Chief Executive Officer, said:"Our performance in H1 2024 reflects the investment made across the business over the past three years. This investment is ongoing, and we are currently in a transition phase where top-line revenue growth is fueling further investment in our sales and marketing, teaching, and back-office functions, setting the stage for accelerated growth in 2025. Whilst Pathways and Juniors are thriving due to strong demand, our adult ELT centres are not experiencing equal growth. We are taking measures to address this, including launching low-season and academic group programmes to improve staff and centre utilisation throughout the year at our permanent schools.Looking ahead, our forward bookings and revenue visibility for H2 2024 and early 2025 provide confidence in Malvern's short- and long-term prospects, with growth anticipated across all divisions in 2025." 

[nasarsaddique] 27/8/2024 06:51

?RNS Number : 6888BMalvern International PLC27 August 2024 This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. 27 August 2024MALVERN INTERNATIONAL PLC("Malvern", or the "Company")Trading updateGrowth in student numbers and revenues supporting ongoing business transformation Malvern International plc (AIM: MLVN), the global learning and skills development partner, is pleased to provide a trading update for the six months ended 30 June 2024 ("H1 2024") ahead of its interim results to be announced in September 2024.HighlightsSubject to review, the Company currently expects to report performance in H1 2024 as follows:·    c.22% increase in underlying revenues, excluding agent commission, to £5.10m (H1 2023: £4.18m);·    underlying operating profit of £0.40m (H1 2023: underlying profit £0.50m);·    encouraging profit and revenue growth in the University Pathways division, following strong student recruitment for the 2023/24 academic year;·    significant growth in the Juniors division, the Group expects revenue of c.£6m, the bulk of which will be recognised in H2 2024; and·    English language centres experienced modest growth in a challenging market.Group profit in H1 2024 was flat versus the prior year. After successfully completing the leap from a loss-making operation to a profitable business in 2023, management has ramped up strategic investment in people, travel and marketing activities in 2024. This spend is targeted at accelerating revenue and profit growth and business development across all divisions.  Return on this investment will be seen from 2025 onwards. Further details will be outlined in the interim accounts in September 2024.The Company paid down £0.22m of the BOOST&CO debt in H1 2024. This debt stood at £2.02m as at 30 June 2024 down from £2.24m as at 31 December 2023.Forward bookings and outlookUniversity PathwaysApproximately 475 students will start courses in September 2024 at the Group's University of East London ("UEL") International Student Centre, compared to 450 students in 2023. This solidifies the Group's partnership with UEL as one of the UK's largest and most successful University Pathway centres.In addition, a cohort of 10 to 15 NCUK students will start University Pathway courses in September 2024. This result follows investment in the sales team, which has been developing relationships with universities and building the Group's agent network.The investment in business development has resulted in discussions with several potential new university partnerships. Some of these discussions are at an advanced stage. The opportunities offer different models, including providing a comprehensive Pathway programme and exclusive direct recruitment contracts. These initiatives are with universities in the UK and the US.  Additionally, discussions regarding a renewed contract remain ongoing with UEL, and the Board anticipates an update on this before the end of the year. JuniorsThe Company delivered programmes to c.3,300 students in July and August 2024 (2023: 2,478 students), generating revenues of c.£6.0m (2023: £3.7m), with 95% of the revenue to be recognised in H2 2024. Pleasingly, in addition to growing the student numbers in 2024, the Company is also making progress on its strategic aim of diversifying the student nationality mix. While the number of Italian students grew significantly in 2024, the proportion of Italian students has reduced to c.65%, down from 95% in 2023. Following the Company's investment in China / East Asia, it is pleasing that we experienced growth in student numbers from both China and Taiwan in 2024. MENA, a region of strength for the Company, also produced encouraging growth. The Group plans to launch Junior Easter programmes in 2025 which will support continued growth and provide the Group with a better income profile throughout the year.English language teaching ("ELT")Building on solid growth last year, student numbers saw a modest uplift in H1 2024. The Adult ELT industry is still recovering at around 80% of its 2019 student weeks. To increase the Company's market share, it has recruited new sales staff to cover Europe, Spanish LATAM, and the Far East. Given the long ELT recruitment cycle, this investment will not produce significant revenue until 2025. Richard Mace, Chief Executive Officer, said:"Our performance in H1 2024 is the result of investment across all areas of the business over the last three years. This process is ongoing, and we are currently undergoing a transition period where top-line revenue growth is supporting investment in our sales and marketing, teaching, and back-office functions to accelerate growth in 2025.  In the meantime, we continue to pay down the Company's debt, which is expected to reduce to around £1.80m by year end."  For further information please contact: Malvern International Plcwww.malverninternational.comMark Elliott - ChairmanVia our websiteRichard Mace - Chief Executive Officer Zeus Capital (NOMAD & Broker) Mike Coe / Sarah Mather0203 829 5000   Notes to Editors:Malvern International is a learning and language skills development partner, offering international students essential academic and English language skills, cultural experiences and the support they need to thrive in their academic studies, daily life and career development.University Pathways - on and off-campus university pathway programmes helping students progress to a range of universities, as well as in-sessional and pre-sessional courses.English Language Schools - British Council accredited English Language Training at English UK registered schools in London and Manchester.Language in Action juniors and summer camps ("Juniors") - fully-immersive summer residential English language camps and bespoke group programmes for 13 to 18 year olds.For further investor information, go to www.malverninternational.com.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END  TSTQKABQOBKDFFB

[nasarsaddique] 23/4/2024 07:02

RNS Number : 5688LMalvern International PLC23 April 2024  23 April 2024 Malvern International plc("Malvern", the "Company" or the "Group") Annual Report & Notice of Annual General Meeting Malvern International plc (AIM: MLVN), the global learning and skills development partner, announces that its Annual General Meeting will be held at WH Ireland at 24 Martin Lane, London EC4R 0DR at 11.30 a.m. on 20 May 2024.The Annual Report in respect of the year ended 31 December 2023, together with the Notice of Annual General Meeting and Form of Proxy, was posted to shareholders today and copies of which are available at www.malverninternational.com/category/financial-news/.

[3bene] 14/2/2024 11:18

Amended statement. Strong Pathway growth clarification. Onwards and upwards.

[ajmcampbell] 12/2/2024 16:07

The trading update confirms to me this is totally unloved, under the radar and under valued. It keeps delivering, reducing debt and now in profit. Hopefully a rerate soon.

[3bene] 12/2/2024 09:05

So, this year looking like £16m sales maybe £1.5m EBITDA?

[dave4545] 12/2/2024 07:59

55k buy order in auction at 27p when opening spread is 24-26p

[nasarsaddique] 12/2/2024 07:22

MALVERN INTERNATIONAL PLC("Malvern", the "Company" or the "Group")Trading updateMalvern International plc (AIM: MLVN), the global learning and skills development partner, is pleased to provide a trading update for the year ended 31 December 2023 ("FY23"), and current trading.FY23The preliminary unaudited assessment of trading for FY23 indicates an increase in revenues of 79% to circa £11.3m (FY22 restated to exclude agent commission income: £6.3m) and a small profit before tax from trading activities of circa £0.3m (FY22 Loss: £1.0m). Trading activities exclude annual revaluations of warrants and share based payments, as well as £0.2m losses relating to discontinued operations from the Brighton school.The cash balance at 31 December 2023 was £2.2m (FY22: £1.2m). As with the prior year, the cash balance is better than management were expecting due to the late invoicing to the company of summer accommodation costs for Juniors of £1.0m (FY22: £0.7m). The balance of term loans amounted to £2.1m (FY22: £2.5m) and lease liabilities totalled £2.7m (FY22: £3.1m). Consequently unaudited net debt was £2.6m (FY22: £4.4m). H2 saw another strong high season return for Juniors with £3.7m revenue from 2,478 students, predominately during July and August 2023 (H2 FY22: 975 students and £1.3m). Adult ELT revenue from our Manchester and London schools increased 13% to circa £1.8m (H2 FY22: £1.6m) with July and August 2023 performing 20% higher than the previous year, reflecting a return in confidence in the market. A higher than expected 447 students joined the International Study Centre at the University of East London (UEL) in September 2023, due to exceptional results from certain markets and programmes.The combination of growth across all three divisions resulted in H2 revenue increasing from £4.2m in FY22 to circa £7.3 m in FY23.Current trading and outlookJuniors and English Learning Training ("ELT")The current revenue pipeline for Juniors is showing significant growth at £6.5m for FY24 (FY23: £3.7m). Of this around 20% originates from China and Taiwan (up from 4% in FY23) following our investment in sales and marketing in the region, in addition to growing our existing Italian accounts. ELT continues to perform in line with expectations with a steady increase in student numbers and revenue growth.On the back of this momentum, we have appointed a very experienced sales director to drive product development and help scale the Junior and ELT divisions, as well as developing academic programmes to extend our geographic reach and build out of season revenues.University PathwaysJanuary's student intake for University Pathways was once again ahead of management expectations with circa 330 students enrolled (January 2022: 245 students, January 2021: 80 students). We currently have circa 770 students studying on courses for the 2023/24 academic year, up 62% on 2022/23 which had 475 students.Following exceptional entry numbers for the 2023/24 academic year, early bookings for the 2024/25 are expected to soften following changes in UK government immigration rules. Our rapid scaling of the International Student Centre at UEL has made it one of the larger UK Pathway centres and this is expected to continue. Our performance in student recruitment has been accompanied by high levels of student attainment and satisfaction and is a feature of our existing contract with the university, as well as in our ongoing discussions with them regarding a longer-term contract renewal for the 2025/26 academic year and beyond.International students remain vital to the financial sustainability of many universities, and we continue to leverage our success with UEL to secure new partnerships. To support this, we are making strategic hires in our business development and sales and marketing teams, with senior individuals who have strong track-records in building higher education businesses and forming successful university partnerships.Universities UK have recently announced a review of admissions practices, following recent press speculation around students' access to UK universities. At UEL, our admissions and compliance processes are fully embedded within the University's teams to maximise their oversight of our practices and procedures, and our agent management procedures comply with UK Visa Immigration requirements.Mark Elliott, Chairman, said: "I am very pleased with the progress being made by the management team. This, together with the investment in the business development and sales and marketing teams, combined with an expanded agent network is supporting the growth in student numbers. Through this we are building a high performance team, and attracting talent with significant track records and profiles in our industry, and who have bought into our growth ambitions.We remain watchful of - and are preparing for - shifting visa and academic student requirements for higher education and the changes the University Pathways business may face as a result. In response, we are making strategic investments in people, products and locations to scale Juniors and build adult ELT numbers at our schools. The result will see a more balanced mix of revenues between the three divisions and the Board remains confident that FY24 will see further growth in revenue and profit."

[ajmcampbell] 12/1/2024 09:15

I agree dave4545, a lot of patience required here and there's been a nice move in the share price throughout 2023. MLVN's last update at their H1 for 2023 the Board was feeling confident about the future "the Group has a solid base on which to keep building for 2024 and beyond", then in the interims "Our forward bookings and revenue visibility in H2 2023 and for the start of 2024 gives us confidence in Malvern's near and longer-term prospects. We expect to see growth in all divisions in 2024", so hopefully the next trading update will confirm that this is a very undervalued stock at just £7m mkt cap!

[fillipe] 11/1/2024 14:04

MLVN's last year's Spring t/up was the 9th Feb.

f

[z1co] 11/1/2024 13:17

A three year high if it closes at 29p.

[dave4545] 11/1/2024 12:20

You can just sense business is booming here.

The chart certainly suggests it along with the buying

[3bene] 11/1/2024 08:07

Press talk of uk uni having hard time recruiting enough foreign students. Seems good time to exploit MLVN marketing network to range of similarly challenged UK universities.

[ajmcampbell] 05/1/2024 09:06

We should be getting a Trading Update for 2023 soon. Hopefully it'll be as good as past updates and we see next leg higher.

[nasarsaddique] 18/11/2023 22:03

https://www.theguardian.com/education/2023/nov/18/uk-universities-paying-millions-in-agent-fees-to-secure-international-students

[z1co] 15/11/2023 07:40

Excellent update:

UEL's International Study Centre has welcomed its biggest intake of c450 students in September 2023, and is set for further year-on-year growth in the January 2024 intake and over the coming years as we build on our sales and marketing efforts and continue to provide high-quality foundation and pre-university education to international students.

[dave4545] 27/10/2023 10:06

It still is a bargain but the vast majority want instant profits so they pile into the rubbish like Enet which is almost broke.

If this was 2.5-2.9p I'm sure it will be more popular

Anyway just a matter of time before it's over 30p, not much stock out there, one little player robbed selling at 25.4p when mm's are offering nearer 29p

[ajmcampbell] 25/10/2023 14:27

Been 28p offered all day - you have to pay to pick up MLVN shares now, but in a few weeks time this level might seem like an absolute bargain!

[dave4545] 03/10/2023 08:43

Looking good and just no stock atm

[nasarsaddique] 29/9/2023 06:46

RNS Number : 0575OMalvern International PLC29 September 2023 ? 29 September 2023 Malvern International PLC("Malvern" the "Company") Interim results for the six months ended 30 June 2023 Malvern International plc (AIM: MLVN), the global learning and skills development partner, announces its interim results for the six months ended 30 June 2023 ("H1 2023").H1 2023 results·    Revenues from operations increased 110% to £4.85m (H1 2022: £2.31m)·    Operating profit (before depreciation, amortisation and finance charges) of £0.58m (H1 2022: loss £0.34m).·    Profit before tax from operating activities increased to £0.22m (H1 2022: loss £0.68m), largely due to an increase in strategic investment in the Company's sales structure and significant recruitment travel to key feeder markets including India and Nepal.·    Profit per share from operating activities of 0.92p (H1 2022: loss 3.16p).·    Cash at 30 June 2023 was £2.12m (FY 2022: £1.18m and H1 2022: £0.88m) and the Company's debt facility with BOOST&CO remained at £2.6m. Operating highlights ·    University Pathways student numbers increased by 247% in H1 2023 to 500 students (H1 2022:  144 students) studying in our centres.·    English Language Training ("ELT") centre revenues were 66% ahead of H1 2022.·    Junior summer camps returned once again over the summer months with a record number of camps and students. Payments in advance for these camps account for the high level of cash held at 30 June 2023. Commenting on the results and prospects, Richard Mace, Chief Executive Officer, said:"We are extremely pleased with our performance in H1 2023 which has been driven by a combination of a strong return in the international study market and our strategy to invest in our sales and marketing function over the last three years. The momentum has continued in the second half as we welcomed the new cohort of 450 University Pathways Students in September, and we experienced record performances from our ELT and Junior Summer camps in July and August. We are also investing in highly experienced people in the Pathways sector to continue to expand our reach, whilst improving our systems of control and reporting. As a result of this investment we are expecting break-even or a small loss for H2 2023.Our forward bookings and revenue visibility in H2 2023 and for the start of 2024 gives us confidence in Malvern's near and longer-term prospects. We expect to see growth in all divisions in 2024."