Malvern Share Discussion Threads

[nasarsaddique] 02/11/2022 08:56

Malvern International PLC Trading UpdateSource: UK Regulatory (RNS & others)TIDMMLVNRNS Number : 9774EMalvern International PLC02 November 2022This 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.2 November 2022MALVERN 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 ahead of the General Meeting being held later today.University PathwaysWhilst numbers are not yet certain, based on deposits, we expect this coming January's student intake for pathways to be significantly ahead of the previous January's intake and management's budget. This is the product of the strategic investment over the last two years in sales and marketing, management team and processes within our University Partnerships structure.English Learning Training ("ELT") and JuniorsThe results from our Summer British Council inspection of our Language in Action junior programmes have been published and are available to view on this link ( https://www.britishcouncil.org/sites/default/files/language_in_action_full_2022_published.pdf ). The final result is excellent and puts us in the top quartile of inspections in the industry. The Malvern Board see this as a great result not only for the team running the Junior division but for ongoing marketing of our products for 2023 and beyond. Our next full inspection of Junior programmes is due in 2026.For ELT, Q4 is a period where the sales cycle begins for 2023. Our team will be attending events and focusing on building our international agent network.The Board believes Malvern in a strong position to grow its market share in 2023 and beyond.For further information please contact: Malvern International Plc www.malverninternational.com Mark Elliott - Chairman Via our website Richard Mace - Chief Executive Officer WH Ireland (NOMAD & Broker) www.whirelandcb.com Mike Coe / Sarah Mather 0207 220 1666 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.Malvern House Schools - British Council accredited English Language Training at English UK registered schools in London, Brighton and Manchester.Malvern Online Academy - British Council accredited online school, offering supported tuition to students from around the world in English language, higher education, and professional education.Juniors and summer camps - 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

[nasarsaddique] 17/10/2022 07:41

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

[3bene] 25/8/2022 19:20

Being held down by a stale bull. He will be taken out over time.

[gantenbrink] 25/8/2022 11:27

Seemed a fairly good update to me. Been sitting here waiting patiently for the pick up as we come back from Covid and it appears to be happening.

[maytrees] 25/8/2022 10:43

Good morning NasarSaddique

A large number of holders seem to have used today's share price gain on good news to sell causing the share price to fall.

I have therefore bought few at sub 0.10p

[nasarsaddique] 25/8/2022 09:55

Cash and working capitalCost control and cash flow management continues to be a focus for the Group during this period of recovery. Following our debt restructure in March 2022, the Board remains in regular contact with BOOST, the fund manager acting on behalf of the Company's debtholder. BOOST has reiterated its commitment to provide ongoing financial support to Malvern for its short-term working capital requirements should it become necessary.Richard Mace, Chief Executive Officer, said: "The strategic initiatives we have taken throughout the pandemic to navigate the crisis, manage risk and improve the business are now bearing fruit."It is pleasing to see confidence return to the international study market now that travel restrictions to the UK have been lifted. There remains strong demand for our education products, as seen with international students travelling to the UK in numbers again."I would like to thank the Malvern team and BOOST for their support and hard work as Malvern continues to recover. For these reasons, and with a significantly stronger and experienced management team now in place, we remain positive about the outlook for the Company."

[nasarsaddique] 25/8/2022 09:55

25 August 2022MALVERN INTERNATIONAL PLC("Malvern", the "Company" or the "Group") Trading updateCapitalising on strategic investment as sector recoversMalvern 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 2022 ("H1"), ahead of announcing its interim results in the first half of September 2022.Malvern has seen a significant improvement in student numbers and business pipeline in H1 with revenues around 60% ahead of H1 2021.The Company is seeing the benefits of its strategic investment over the last two years in its brand, sales and marketing, management team, processes, partnerships, products and student offering. The Board believes Malvern is in a strong position to grow its market share for the remainder of 2022 and beyond. Pre-booked and delivered revenues for H2 2022 are showing a three-fold increase on H2 2021 and are ahead of like-for-like pre-pandemic levels of H2 2019. Pre-bookings indicate that the Group can expect further growth in revenues in 2023.Management continue to maintain strong cost controls as the Group recovers from the COVID-19 period and continues to have the option of BOOST&CO's ("BOOST") support for its working capital requirements as required.

[3bene] 23/5/2022 08:21

Good business

[nasarsaddique] 23/5/2022 07:37

MALVERN INTERNATIONAL PLC("Malvern", the "Company" or the "Group") Contract awardPreferred supplier to recruit students from China for the University of East London ("UEL") Malvern (AIM: MLVN) is pleased to announce it has been appointed by UEL as the preferred supplier to provide student recruitment services in mainland China, by establishing a strategic collaborative partnership for the next five years. The primary aim of the partnership is to rapidly increase the volume of Chinese students who will enrol onto Pre-Sessional English, Pathway, Undergraduate and Postgraduate degree programmes at UEL's three London campuses.The services that Malvern will provide include, but are not limited to:· providing access to, and manage on behalf of UEL, an established and extensive education agent network across China;· undertaking student recruitment and conversion activities on behalf of UEL in mainland China with the support of UEL International Office and academic staff;· developing and delivering a comprehensive marketing plan for the Chinese audience, in collaboration with UEL's marketing department; and· working with UEL to provide access to, and support partnership development with, academic institutions in mainland China to progress the development of Transnational Higher Education opportunities and articulation agreements.We expect to recruit our first students in Q4 2022 and then more significant student numbers from Q4 2023 and beyond.Richard Mace, CEO of Malvern International: "We are delighted to extend our relationship with UEL through the award of preferred supplier of student recruitment services in China. We are confident we can build UEL's brand presence and achieve their goals in the world's biggest student recruitment market through this collaboration."Daniel Cuffe, Director of Recruitment at UEL: "The University of East London is thrilled to be expanding its collaborative partnership with Malvern International. China is a key a part of our internationalisation strategy and a core pillar of our Vision 2028 mission statement. We are very excited to be able to work with Malvern International to help us achieve our strategic goals in this key recruitment market."

[3bene] 04/5/2022 10:08

So seems approximate breakeven this year with profit in 2023. That would be my take. Key is China for big profits.

[3bene] 18/9/2021 11:27

Do these new travel announcements mean lift off for MLVN?

[tenniselbow] 27/8/2021 10:58

It’s a great company when even there media company can’t answer the phone

[isa2020] 26/8/2021 12:02

Accounts are an achivement, special in the currently market

[jdk14] 26/8/2021 10:44

Why copy and paste all that info when it is available with one click?

[nasarsaddique] 26/8/2021 08:08

Half-year ReportMALVERN INTERNATIONAL PLCReleased 07:00:01 26 August 2021RNS Number : 8024JMalvern International PLC26 August 2021 26 August 2021 Malvern International PLC("Malvern", the "Group" or the "Company") Interim results for the six months ended 30 June 2021 Malvern International plc (AIM: MLVN), the global learning and skills development partner, announces its interim results for the six months ended 30 June 2021 ("H1").Results· H1 revenues from continuing operations of £1.42m (H1 2020: £1.37m).· H1 operating profit (before depreciation, amortisation and finance charges) of £9k (H1 2020: loss £53k)· H1 loss before tax on continuing operations was £0.35m (H1 2020: loss £0.44m).· Loss per share on continuing activities of 0.02p (H1 2020: loss 0.16p).· £1.70m gross raised (£1.60m net of expenses) by way of placing and subscription.· Cash as at 30 June 2021 was £1.28m (31 December 2020: £0.10m and 30 June 2020: £0.06m). *In August 2020, the Group announced the closure of Singapore operations. The Singapore company was formally placed in liquidation in April 2021, this is reported in the current and prior periods as a discontinued operation. Financial information relating to the discontinued operation for the period to the date of the closure is set out in note 7 of the interim statements. Operating highlights and outlook · English Language Training ("ELT") schools are currently operating at approximately 20% of pre-pandemic levels, in line with management expectations.· Provisional bookings for ELT are encouraging, demonstrating the pent-up demand in this area, however many student start dates remain subject to easing of travel restrictions.· University Pathways deposits for 2021/22 academic year are currently ahead of the previous year. However, with the current restrictions in place for international travel, there has been a significant level of deferrals to a January 2022 start.· The Group's NCUK offering was launched in H1 2021. Student applications are currently being processed for September 2021 term start and we have received the first deposits. The sales and marketing teams are focused on building the brand and reputation of this area of the business.· The Group received a significant number of bookings for the 2021 summer camps prior to being put on hold, which points to a strong demand for our product. Our expectation is that this demand will return for summer 2022 as the border restrictions are relaxed.· It has been announced that the Hungarian Government's Language Learning Scholarship Programme for Hungarian Students, Tempus Public Foundation will open again for summer 2022. We can expect to accept bookings for summer 2022 from December 2021. Commenting on the results and prospects, Richard Mace, Chief Executive Officer, said: "We have continued to provide tuition to students throughout the period through face-to-face, online and blended learning. While the pandemic has continued to disrupt bookings and the timing of start dates, we are pleased that we have managed to keep our ELT schools open and that provisional bookings for both ELT and University Pathways are rebuilding. There is a clear back-log of demand for all our education services and we expect a robust return once restrictions are eased and in-class teaching can resume. In the meantime we continue to strengthen our sales and marketing teams and ensure the quality of our education services remains high."

[isa2020] 11/8/2021 11:56

Opti9ns are set at .4 and .8 i believe so .24 is great.

[gantenbrink] 17/6/2021 15:20

Sitting patiently with this one. It moves up a little then drifts back again on a fairly regular basis. Waiting for the time it keeps on going but would be good to see it break above .3 just for a bit of variation.

[maytrees] 08/4/2021 11:18

Possibly the 20m trade was a placee selling?
In any event my earlier buy was just under the placing price.

[maytrees] 08/4/2021 09:12

Good morning
Added a few at just sub 0.20 in the light of that 20m buy - dyor

[maytrees] 07/4/2021 10:52

Good morning
0.2013p to buy at present so I have a few again now.
Presumably the cheap (dyor!) ask share price arises because of the recent successful fundraising.
I note a t/o of WEY is in hand.

[riddlerone] 31/3/2021 17:02

Needed here for sure but nasty when they do that after hours.

[maytrees] 10/3/2021 12:58

TX psheerani

I see that there was a 1m sale shortly after my buy which presumably explains static share price