Malvern Share Discussion Threads

[jusjusjus] 24/9/2020 16:06

looks like all buys today, being quoted 0.133 to buy

[jusjusjus] 24/9/2020 15:10

news, news or news please BOD?

[psheeran1] 08/9/2020 14:24

Would WEY not do well to snap them up at this MC with their cash in bank?

[city analyst1] 04/9/2020 09:39

Jus, year-end results, alongside a 'current trading' update, are due anytime from now.

Ideally, I would like to see the stock re-rate towards its fair value (0.39p or £4.69m) ahead of any trading update.

And once the BOD confirms the business as being 'back on track', I would then expect the stock to begin re-rating towards peer valuations.

Thus, even at today's prices, the stock is still profoundly mispriced.

[jusjusjus] 03/9/2020 10:17

ticking along nicely, surely we are due an update after start of term??

[city analyst1] 01/9/2020 22:31

Sidam, Malvern International was built with a belief that learning would move increasingly online and the business has always bet on that inevitability.

The COVID-19 pandemic, for its part, has accelerated that shift and it’s now clear that learning tools and academic support must be available online, affordable, on-demand, tailored to the individual learner, and geared towards the skills needed in the modern workforce.

By way of a reminder, the company received approval from Qualifi (an OFQUAL approved UK qualification provider), to offer their foundation, certificate and diploma courses through its online platform. These courses not only provide graduates a pathway to the top up degrees in the UK, but are also highly cash generative. The courses hit the market in Q3 2020.

More importantly though, a record number of new programmes are due to come online in the UK in H2 2020 whilst the UK government policy on ‘post study work rights for degree students’, which will allow them to find employment in the UK for a period of two years upon graduation, is expected to add more value to the company’s university partnerships.

Remember, online education is a key part of the company’s diversification plan. And with the arrival of additional funds (£1.14m plus the government support loan of £100,000 secured in June 2020), the company is actively expanding Malvern Online Academy.

So the key focus, for anyone looking in, is not the COVID-triggered drop in earnings (Q2 to Q3 2020), which was pretty much priced-in at the last fundraising, or the marginal loss in revenue following the much-needed divestment of the loss-making Asian businesses, but the journey ahead; Malvern International operates a high growth, high margin business model with a large addressable market boasting compelling market trends.

House broker WHIreland sights the entry of hardened serial entrepreneur Richard Mace, the company’s Enterprise Value of £5.73m, its large and expanding market opportunity, the rapid growth of its online offering, and its track record of delivering significant outcomes for students, as the reasons underpinning its strong BUY rating.

However, that aside, and when viewing the company through multiple industry metrics, it’s pretty damn clear that the stock is spectacularly undervalued, especially when pitched against its peers (like Wey Education at £37m market cap).

Thus, take cue from the smart money taking LONG positions at these fire-sale prices.

[jusjusjus] 28/8/2020 12:51

might make the top 10 risers, couple of small ticks up will do it, then see who may join the party!

[nasarsaddique] 24/8/2020 16:22

Might get a reply from the LSE MLVN board, tends to be a bit quiet here.

[rmart] 24/8/2020 15:12

anyone any idea when final results are expected ?

[nasarsaddique] 24/8/2020 14:47

Welcome to the board rmart

[rmart] 24/8/2020 14:25

NasarSaddique - Hi, just bought 3.3m of these. Pure punt but I saw you had been here a while and thought I would join the fun!

[sidam] 24/8/2020 13:52

I think the company has considerable net debt. I think that revenues will be much Lowe than is shown above as overseas schools have been closed. The change in ownership percentage appears to have come from more shares in issue. I could not see that the sale box was ticked.

Of course do you own research, but I think I am correct.

[city analyst1] 24/8/2020 13:26

Jus, as indicated in my previous post, Malvern is currently sporting an extraordinary price disconnect that is wholly unwarranted.

WEY EDUCATION PLC
• Current cash balance is circa £4.5m.
• Current market capitalisation is £36m (26pence per share).
• The market is valuing the business at £31.5m (£36m less cash of £4.5m).

MALVERN INTERNATIONAL PLC
• Current cash balance is circa £1.14m.
• Current market capitalisation £1.77m (0.1475pence per share).
• The market is valuing the business at £630,000 (£1.77m less cash of £1.14m).

A spectacular gift at these current prices and definitely a long-term recovery play.

AIMHO.

[jusjusjus] 24/8/2020 08:31

2 month delay on being reported!

start of day sellers may curse the 8:24 RNS

[nasarsaddique] 24/8/2020 08:30

Holdings RNS, hopefully seller is done and we start rising again

[jusjusjus] 21/8/2020 12:41

thx for your thoughts CA.

caught my attention after coming back from suspension and then person(s) taking a long position with SpreadEx to the tune of 6.8%.

looks like a fair bet for a recovery play, so I put some money on it!

[jusjusjus] 21/8/2020 09:54

some interest today....

[nasarsaddique] 12/8/2020 08:54

Not the way I'd hoped for but at least the spread has tightened

[nasarsaddique] 10/8/2020 19:08

Boris Johnson gives update on schools in England reopeninghttps://www.walesonline.co.uk/news/uk-news/boris-johnson-gives-update-schools-18743984

[nasarsaddique] 07/8/2020 16:24

Last 5 minutes of this week, Monday 2 of the schools reopening, hopefully should see a rise

[nasarsaddique] 04/8/2020 09:25

RNS Number : 9992UMalvern International PLC04 August 2020  4 August 2020  MALVERN INTERNATIONAL PLC("Malvern" or the "Company") Closure of SingaporeMalvern International plc (AIM: MLVN), announces that following a review the Board has decided to close its Singapore operations. The Company has agreed with the regulatory education board in Singapore that over the next few weeks the majority of existing students will either be taught to the end of their course or transferred to other institutions. Commenting Mark Elliott said "It is obviously disappointing to close our activities in Singapore but the operations there have been loss making for some time and, now due to impact of COVID 19, we can't see Singapore turning a profit in the medium term. We believe the Group's resources are therefore best focused around the Group's strongest performing schools in the UK."Unaudited net loss for SAA-GE for December 2019 year end accounts is expected to be SG$1.34m on a revenue of SG$3.14m.In the UK, the Group's schools in Manchester and London are scheduled to open on 10 August 2020, and the Brighton school in September. Bookings have commenced. In addition, university pathway bookings are in line with expectations. This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

[stalker_boy] 31/7/2020 13:43

Brighton establishment now scheduled to open in September and they are taking bookings.

[jusjusjus] 30/7/2020 10:01

SAM MALAFEH getting rid of whatever he had left under 3%

[nasarsaddique] 30/7/2020 09:54

Seller possibly clear and the run up to reopening the week after next