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Posted at 21/11/2024 08:20 by Malvern Daily Update Malvern International Plc is listed in the Schools & Education Svcs,nec sector of the London Stock Exchange with ticker MLVN. The last closing price for Malvern was 19p. Malvern currently has 24,442,400 shares in issue. The market capitalisation of Malvern is £4,644,056. Malvern has a price to earnings ratio (PE ratio) of -29.23. This morning MLVN shares opened at 19p
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Posted at 27/8/2024 06:51 by nasarsaddique ?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 rns@lseg.com 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
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Posted at 23/4/2024 07:02 by nasarsaddique 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/.
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Posted at 12/2/2024 07:22 by nasarsaddique 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."
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Posted at 11/1/2024 08:07 by 3bene 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.
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Posted at 14/9/2023 17:20 by z1co 38,179 buy @ 27.3036p ( when the offer was 27p ) just before close was the reason share price increased by another 1p.
A new high for the year , in fact highest for two years.
Interim results could well be announced tomorrow morning if not then next week for sure
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Posted at 25/8/2023 06:16 by z1co After this very upbeat trading update and the fact that H2 has started very strongly share price will continue to stay strong.
25p tp 30p by the end of September.
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Posted at 24/8/2023 14:12 by z1co I apologise to all LTH about this pathetic troll that posts on all the thread that i post.
A very confused individual.
I have bought the shares today for the first time and i will try to up to 100,000 before the interim results next month.
H2 trading will be very strong and 2024 will be even better.
The share price will rerate significantly higher over the 6 to 12 months.
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Posted at 02/11/2022 15:50 by nasarsaddique CORRECTION to the announcement made at 11:44 (RNS number: 0927F) on 2 November 2022. The nominal value immediately following the share reorganisation is 1p not 0.1p as previously announced. All other information was correct. 2 November 2022MALVERN INTERNATIONAL PLC("Malvern", the "Company" or the "Group") Result of General MeetingandTotal Voting Rights Malvern International plc (AIM: MLVN), the global learning and skills development partner, is pleased to announce that at its General Meeting held earlier today all the resolutions proposed, were duly passed. Details of the resolutions were set out in a circular to shareholders dated 17 October 2022 (the "Circular"). Results of the proxy voting will be available on the Company's website in due course. All capitalised terms in this announcement are as defined in the Circular which in addition to the Notice of General Meeting and other relevant documents, are available on the Company's website, www.malverninternational.com. Share Reorganisation and New Ordinary Shares Following the General Meeting, 9,312 new Ordinary Shares will be issued at a price of 0.1 pence per share to ensure that as part of the Share Reorganisation an exact whole number of New Consolidated Shares will be issued. At the Share Reorganisation Record Date, the 2,194,240,000 Existing Ordinary Shares will be consolidated into New Consolidated Ordinary Shares each on the basis of one New Consolidated Ordinary Share for each 20,000 Existing Ordinary Shares. Each New Consolidated Ordinary Share will then be sub-divided into 200 New Ordinary Shares and 1,800 New Deferred Shares. Immediately following the Share Reorganisation, the Company's issued ordinary share capital will comprise 21,942,400 Ordinary Shares of 1p each. The closing mid-market price of an Existing Ordinary Share on 1 November 2022 was 0.095 pence which, had the Share Reorganisation occurred at that time, would be equivalent to a price of 9.5 pence per New Ordinary Share. Application has been made for the 21,942,400 New Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 3 November 2022 at 8 a.m. The New Ordinary Shares will trade under the ISIN: GB00BNBVJZ07 and SEDOL: BNBVJZ0. Existing share certificates will cease to be valid following the Share Reorganisation. New share certificates in respect of the New Ordinary Shares will be issued by first class post at the risk of the Shareholder within 10 business days of Admission. No certificates will be issued in respect of the New Deferred Shares, nor will CREST accounts of Shareholders be credited in respect of any entitlement to the New Deferred Shares. No application will be made for the New Deferred Shares to be admitted to trading on AIM or any other investment exchange. A CREST Shareholder will have their CREST account credited with their New Ordinary Shares following Admission on 3 November 2022. Total Voting Rights In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the Share Reorganisation, its issued share capital will comprise 21,942,400 new ordinary shares of 1p each ("Ordinary Share"), 44,198,781 deferred shares of 5p each, 654,234,932 deferred shares of 1p each and 2,327,186,637 deferred shares of 0.1p each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 21,942,400. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules. The expected timetable for implementation of the proposals is as follows:Record Date for the Share Reorganisation6 p.m. on 2 November 2022Admission and dealings in the New Ordinary Shares expected to commence on AIM3 November 2022Expected date for CREST accounts to be credited for the New Ordinary Shares to be held in uncertified form3 November 2022Despatch of definitive share certificates in respect of the New Ordinary Shares to be held in certificated form, if applicablewithin 10 business days of AdmissionNotes1. Each of the times and dates above are indicative only and if any of the details contained in the timetable above should change, the revised times and dates will be notified to Shareholders by means of an announcement through a Regulatory Information Service.2. All of the above times refer to London time unless otherwise stated. For further information please contact: Malvern International Plcwww.malverninternational.comMark Elliott - ChairmanVia our websiteRichard Mace - Chief Executive Officer WH Ireland (NOMAD & Broker)www.whirelandcb.comMike Coe / Sarah Mather0207 220 1666
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Posted at 17/10/2022 06:41 by nasarsaddique MALVERN INTERNATIONAL PLC("Malvern", the "Company" or the "Group")Share ReorganisationNotice of General MeetingMalvern International plc (AIM: MLVN), the global learning and skills development partner, is pleased to announce it will be publishing today a circular to shareholders setting out details of a proposed Share Reorganisation, approval to which will be sought at a General Meeting to be held on 2 November 2022.All capitalised terms in this announcement are as defined in the Circular which, in addition to the Notice of GM and other relevant documents, will be available on the Company's website, www.malverninternational.com.Background to and reasons for the Share Reorganisation The Directors believe that the Company's current capital structure, with over 2 billion shares in issue and a share price and nominal value at a fraction of a penny, causes some confusion in the market and should be simplified. The Share Reorganisation will, if implemented, allow the Company's share price to be consolidated such that it is no longer at a sub penny share price.In addition, the closing mid-market price of 0.095 pence per share as at 14 October 2022 (the latest practical date prior to the release of this announcement) is lower than the nominal value of the shares. The Company is prohibited from issuing shares at below nominal value and the Directors believe it is important to have the ability to issue shares should the need arise. For these reasons the Directors consider it both appropriate and beneficial to the Company and to the Shareholders to undertake the Share Reorganisation. The Share Reorganisation will result in the Company's existing capital being consolidated and subsequently sub-divided. Further details of the share reorganisation are set out in the paragraph below. Details of the Share Reorganisation Under the Share Reorganisation, 9,312 new Ordinary Shares will be issued at a price of 0.1 pence per share to ensure that as part of the Share Reorganisation an exact whole number of Consolidated Ordinary Shares will be issued. Then, the Ordinary Shares in issue at the Record Date will be consolidated into Consolidated Ordinary Shares on the basis of one Consolidated Ordinary Share for each 20,000 Ordinary Shares. Each Consolidated Ordinary Share will then be sub-divided into 200 New Ordinary Shares and 1,800 New Deferred Shares.Most Shareholders will not at the Record Date hold a number of Existing Ordinary Shares that is exactly divisible by the consolidation ratio. The result of the Consolidation, if approved, will be that such Shareholders will be left with a fractional entitlement to a resulting New Ordinary Share. Any such fractions as a result of the Consolidation will be aggregated and, following the Sub-division, the Directors will in accordance with the Articles sell the aggregated shares in the market for the benefit of the relevant Shareholders.The proceeds from the sale of the fractional entitlements shall be distributed pro rata amongst the relevant Shareholders save that where a Shareholder is entitled to an amount which is less than £3 it will (in accordance with the Articles) not be distributed to such Shareholder but will be donated to charity by the Company.The rights attaching to the New Ordinary Shares will in accordance with the Articles be identical in all respects to those of the Existing Ordinary Shares.The New Deferred Shares created as a result of the Sub-division will have the same rights and restrictions as the Existing Deferred Shares. These rights are minimal, thereby rendering the Deferred Shares, effectively valueless. The rights attaching to the Deferred Shares can be summarised as follows:· they will not entitle holders to receive any dividend or other distribution or to receive notice or speak or vote at general meetings of the Company;· they will have no rights to participate in a return of assets on a winding up;· they will not be freely transferable;· the creation and issue of further shares will rank equally or in priority to the New Deferred Shares;· the passing of a resolution of the Company to cancel the New Deferred Shares or to effect a reduction of capital shall not constitute a modification or abrogation of their rights; and· the Company shall have the right at any time to purchase all of the New Deferred Shares in issue for an aggregate consideration of £0.01.There are no immediate plans to purchase or to cancel the New Deferred Shares or Existing Deferred Shares, although the Directors propose to keep the situation under review.Existing share certificates will cease to be valid following the Share Reorganisation. New share certificates in respect of the New Ordinary Shares will be issued by first class post at the risk of the Shareholder within 10 business days of Admission. No certificates will be issued in respect of the New Deferred Shares, nor will CREST accounts of Shareholders be credited in respect of any entitlement to the New Deferred Shares. No application will be made for the New Deferred Shares to be admitted to trading on AIM or any other investment exchange.A CREST Shareholder will have their CREST account credited with their New Ordinary Shares following Admission, which is expected to be on 3 November 2022.General Meeting The Circular will contain a notice convening a General Meeting of the Company to be held at the offices of WH Ireland Limited, 24 Martin Lane, London, EC4R 0DR at 11:00 a.m. on 2 November 2022 at which the Resolution will be proposed to implement the Share Reorganisation. Recommendation The Directors consider the Share Reorganisation, to be in the best interests of the Company and its Shareholders as a whole. Your Directors unanimously recommend that you vote in favour of the Resolution to be proposed at the General Meeting as they intend to do in respect of their own beneficial holdings. EXPECTED TIMETABLE OF PRINCIPAL EVENTS Despatch of this document to Shareholders17 October 2022Latest time and date for receipt of Forms of Proxy11 a.m. on 31 October 2022General Meeting11 a.m. on 2 November 2022Record Date for the Share Reorganisation6 p.m. on 2 November 2022Admission and dealings in the New Ordinary Shares expected to commence on AIM3 November 2022Expected date for CREST accounts to be credited for the New Ordinary Shares to be held in uncertified form3 November 2022Despatch of definitive share certificates in respect of the New Ordinary Shares to be held in certificated form, if applicableWithin 10 business days of Admission
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Posted at 28/1/2021 11:22 by maytrees Greetings Gantenbrink I agree. MMs are far too wary. What has happened previously is that a couple of early sells cause them to drop the bid early in the day share price by a large %. By about 4pm though the bid share price has risen again. Of course with markets generally now falling substantially, MLVN share price movements may well have changed. Not for day traders imho.
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