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Question: Are the new centres being operated (i.e. earning income) until a franchise buyer is found?
From their websites approx
11/6/14 NZ Established centres for sale 7 27/6/14 7 for sale
11/6/14 NZ new centres f/sale 10 27/6/14 10 for sale
11/6/14 Aus 9 estab centres f/sale . 27/6/14 10 for sale
11/6/14 Aus 138 new f/sale 27/6 /14 132 f/sale 2 deposits received and 2 statements of int
Last edited by Joshuatree; 27-06-2014 at 07:30 PM.
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Originally Posted by DarkHorse
I hear that several Auckland franchisees are so disillusioned with the way management has treated them recently, that they're cutting their ties with KME and will just offer tuition independently.
Come on NZ franchises - move with the times!!
"Centre numbers have declined slightly with the final stages of our technology and contract conversion, particularly in theNew Zealand and Singapore markets, where older style centres are not making the change. However this is not impactingon revenues or earnings and we continue to push to complete the transition globally. "
Luckily, "Australasian revenue has risen by 46% to $8.232 million this year with a continuation of the move to percentage of revenuecontracts for most centres " and "UK and European revenues are up 11% to $3.632 million".
Now lets see how the online strategy plays out, and wait for the dividends to start soon....well done KME
Share prices follow earnings....buy EPS growth!!
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Originally Posted by steve fleming
Come on NZ franchises - move with the times!!
"Centre numbers have declined slightly with the final stages of our technology and contract conversion, particularly in theNew Zealand and Singapore markets, where older style centres are not making the change. However this is not impactingon revenues or earnings and we continue to push to complete the transition globally. "
Luckily, "Australasian revenue has risen by 46% to $8.232 million this year with a continuation of the move to percentage of revenuecontracts for most centres " and "UK and European revenues are up 11% to $3.632 million".
Now lets see how the online strategy plays out, and wait for the dividends to start soon....well done KME
It is well done KME and well done Steve Fleming.You have done it again!
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Originally Posted by steve fleming
Come on NZ franchises - move with the times!!
"Centre numbers have declined slightly with the final stages of our technology and contract conversion, particularly in theNew Zealand and Singapore markets, where older style centres are not making the change. However this is not impactingon revenues or earnings and we continue to push to complete the transition globally. "
Luckily, "Australasian revenue has risen by 46% to $8.232 million this year with a continuation of the move to percentage of revenuecontracts for most centres " and "UK and European revenues are up 11% to $3.632 million".
Now lets see how the online strategy plays out, and wait for the dividends to start soon....well done KME
Yes was a case of myopia in Godszone and the blind leading the blinding in our little bubble. I missed an entry by a few hours on the Editure selldown. Pie funds indicated Editure couldn't find anyone else to unload the rest of their KME holdings to.Maybe they will now.
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This is building a very nice base around 30-32c.
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From The Chairman's AGM speech;
"Supported by a much improved financial position,our strategy going forward will deliver increased profits through the provision of our enhanced service offering to our global network."
Sounds positive enough. No projections given,so we will have to wait until the end of February for the half year to see how they are performing.
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On HC, that very highly respected poster Imran Khan, has posted an interesting article on KME.
All there,where they came from, and where they are going to.
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Not a lot of shares traded.[29,124] but the astute buyer has cleaned out all the sellers.!
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Originally Posted by percy
Not a lot of shares traded.[29,124] but the astute buyer has cleaned out all the sellers.!
I'll put a 40 target up ..
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Originally Posted by stoploss
I'll put a 40 target up ..
And so it came to pass that a seller appeared at 40 cents.!
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