Malvern Share Discussion Threads

[nasarsaddique] 23/4/2024 08:02

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 11:06

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 15:27

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 09:43

Looking good and just no stock atm

[nasarsaddique] 29/9/2023 07:46

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."

[ajmcampbell] 29/9/2023 07:45

Very pleased with these results and a very positive outlook too. Great news with more to come by the looks of things.

[z1co] 29/9/2023 07:37

Solid interims and the outlook for H2 is excellent;

Profit before tax from operating activities increased to GBP0.22m (H1 2022: loss GBP0.68m), 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).

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."

[z1co] 25/9/2023 14:05

Results will be announced this week and no doubt they will be exceptional.

The shares considerably undervalued are will continue their rerating for the foreseeable future.