Raffles Education

The point is whether there is a turnaround for Raffles education. Since the china forms majority of the business, it is difficult as people who seek premium education will go overseas instead of studying in China. As such, I think it is difficult to make money on this stock even it is now at 8 year low.

There is a price level below which Raffles Edu would look like a safe bet. I think it's below 30 cents, which is way below NTA (48 cents -- source Credit Suisse).

Raffles is disposing of 670 mu of land and properties in OUC (with S$24.6 mn received) ----> this would firm up its balance sheet.

Under such adverse market climate coupled with lowered student intake and competition, most people would have chau loh already. Management's silence on the stock performance tells all.

I will give it a miss and focus on other great companies for investment. Like warren buffet said, It is better to pay a fair price for a wonderful business than to pay a wonderful price for a fair business. The CEO is still paying himself $4 mil despite poor performance.I also prefer to invest in companies when there is owner thinking.

I do agree with Guest below.  I had experiences with this company and their management is a failure. Imagine them saying foregoing S$30mil in an investment is not a problem last year!! I seriously have my doubt. Pse put your money in companies with reasonablly good corporate governance. There r so many companies to invest in. Dun burn good money after bad. Good luck.

OMG, Raffles up 6 cents ----> 36.5 cents. I was waiting for it below 30 cents!
Must be directors buying to show support.