13-05-2015, 10:06 PM
Oh my, your data/knowledge is impressive. Do you work in the private education or have access to Foreign System Schools industry matters?
If so, could you shed some light on what the fees are at the various schools? I'm expecting OFS to raise school fees at the new campus or in the near future but don't know enough to know how much headroom the school fees have. (You mentioned 6-7% p.a. so far?)
Update for 1Q15: Earnings this quarter have been pretty much stable and maintained -> No surprise there.
Revenue has dropped due to reduced students but that was foreseen. Personnel expenses have been cut, I believe teachers have been cut and it's sort of a belt tightening measure at this point.
My gut feel is the new school will be the catalyst and the next ascending step.
My position was initiated early March 2015 but so far still watching (like you) to see if its worth adding more.
(vested)
If so, could you shed some light on what the fees are at the various schools? I'm expecting OFS to raise school fees at the new campus or in the near future but don't know enough to know how much headroom the school fees have. (You mentioned 6-7% p.a. so far?)
Update for 1Q15: Earnings this quarter have been pretty much stable and maintained -> No surprise there.
Revenue has dropped due to reduced students but that was foreseen. Personnel expenses have been cut, I believe teachers have been cut and it's sort of a belt tightening measure at this point.
My gut feel is the new school will be the catalyst and the next ascending step.
My position was initiated early March 2015 but so far still watching (like you) to see if its worth adding more.
(vested)