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I did not know he had passed away. I just checked, it happened 20 May 2026. RIP.
finjungle ( Date: 29-May-2026 11:55) Posted:
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Wee Hur could have bought this company with full educational facilities then building a new school from scratch.
Surely there is nothing right in the company. After David Perry the founder passed away the management and board have lost their directions.
Alignment ( Date: 28-May-2026 22:15) Posted:
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There appears to be no evidence that management has a plan that can break the company out of this downward spiral they are in. Whatever they have been doing does not seem to be working.
Both the board of directors and management should examine the future of this company.
Alignment ( Date: 31-Aug-2025 14:14) Posted:
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Disappointing set of results. After all this time with Covid in the back mirror revenue continues to fall. Meanwhile personnel expenses keep rising... these expat teachers are expensive.
time to delist and relist in other place
It' s not true barriers to entry almost zero. OE needed to put up a couple of hundred million $ for their current Pasir Ris location. Obviously we are talking top end facilities etc, but difficult for a totally new start up school to do that as they don' t have any students. OE was only able to do it because it already had an existing student base that gave lenders comfort.
The issue with the Singapore international school market is that Singapore is strict about only expats being allowed to go to international school, so in terms of the demand side of the equation it really does depend solely on the number of expats in Singapore. That' s why COVID hit particularly hard. Things are obviously looking better now.
Due to the barriers to entry I mentioned above, at some point I would expect new players to buy existing schools rather than try to start from scratch. Hence I think the endgame is that OE will get taken over.
The issue with the Singapore international school market is that Singapore is strict about only expats being allowed to go to international school, so in terms of the demand side of the equation it really does depend solely on the number of expats in Singapore. That' s why COVID hit particularly hard. Things are obviously looking better now.
Due to the barriers to entry I mentioned above, at some point I would expect new players to buy existing schools rather than try to start from scratch. Hence I think the endgame is that OE will get taken over.
business good and profitable. and growing.
barrier to entry almost zero.
many more competitions has appeared since covid-19.
can always start a similar venture to take more money then investing in them.
barrier to entry almost zero.
many more competitions has appeared since covid-19.
can always start a similar venture to take more money then investing in them.
A good set of results. Dividends resuming on an upward trajectory.
Looks like the days of foreigners coming in and taking good jobs from locals are back.
Looks like the days of foreigners coming in and taking good jobs from locals are back.
Expat numbers in Singapore (not including domestic workers) increased 5% just between Dec 22 and June 23, with further to go.
One can debate whether this is good for Singapore as a whole, but it is certainly good for international schools, especially those with spare capacity like Overseas Education Ltd. Some of this uplift can be seen in the 1H numbers but they will feed through more fully in 2H.
One can debate whether this is good for Singapore as a whole, but it is certainly good for international schools, especially those with spare capacity like Overseas Education Ltd. Some of this uplift can be seen in the 1H numbers but they will feed through more fully in 2H.
Not only cancerous. Also one of the worst performing PENNY stocks.
The " INDEPENDENT" directors are on the board for years since IPO. They are paid $120,000 per annum each for sitting on the board of a one product and one country-centric company. Amazing board of directors!!!!
The " INDEPENDENT" directors are on the board for years since IPO. They are paid $120,000 per annum each for sitting on the board of a one product and one country-centric company. Amazing board of directors!!!!
john_ric ( Date: 07-Nov-2023 16:34) Posted:
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another cancerous penny.
Some interesting shareholder movements. A long holding fund finally exiting, facilited by a controlling shareholder buying?
Overseas Education 1HFY2023 earnings up 56.4% y-o-y on recovery of student numbers
Overseas Education, which runs the Overseas Family School, has reported earnings of $4.4 million for 1HFY2023, up 56.4% y-o-y.
Revenue in the same period was up 16% to $42.2 million, thanks to an improvement in student enrolment after all border measures were fully lifted.
The company does not plan to pay an interim dividend.
Barring the risks of a global recession, geopolitical tensions or a further wave of pandemic, Singapore expects the inflow of expatriate families relocating to Singapore will continue to recover, the company says.
Overseas Education is cautiously optimistic that student enrolment will also increase in tandem with the inflow of expatriate families entering and living in Singapore.
However, it warns that the foreign system schools&rsquo landscape and the operating environment to remain competitive and challenging amid new entrants, rising costs and a high inflationary environment.
An educational establishment with IDs being paid S$120,000 each per year since listing. Are the IDs still independent?
Why are IDs paid so much for a simple operating listed company?
The board and management shouldbe fair to its loyal shareho ders.
Why are IDs paid so much for a simple operating listed company?
The board and management shouldbe fair to its loyal shareho ders.
Alignment ( Date: 10-Aug-2023 15:52) Posted:
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The top line should grow going forward, but unclear if it can grow quicker than costs. Difficult to hire good teachers these days.
Overseas Education posts 16.7% decline in FY2022 earnings to $5.3 mil
Local international school operation Overseas Education RQ1 0.00% announced that its FY2022 ended Dec 31, 2022 has declined by 16.7% y-o-y to $5.3 million from $6.3 million in the previous year.
Total revenue for the full year period saw a 2.4% y-o-y increase to $76.4 million from $75.6 million last year. The increase in revenue was due to an uptick in student enrolment in the second half of 2022 with expatriate families returning to Singapore as most international borders are now fully reopened post-Covid-19.
The group saw revenue improvement across all its revenue segments &ndash tuition fees, registration fees, school shop revenue, enrichment programme revenue, interest income and other income.
Total operating expenses before depreciation and amortisation saw an increase of 10.8% y-o-y to $58.4 million from $52.7 million last year.
As at end-December 2022, cash and cash equivalents stood at $50.4 million.
The group has declared a final dividend of 1.1 cent per share, payable on May 19. This is lower than the 1.3 cent declared in FY2021.
Looking forward, the group says: &ldquo With most international borders fully reopened, Singapore is seeing a step-up in expatriate families relocating to Singapore. Barring any set back by a further wave of pandemic, the group is cautiously optimistic that the student enrolment will also increase in tandem with the inflow of expatriate families entering and living in Singapore.&rdquo
However, the group expects the foreign system schools&rsquo space and operating environment to remain competitive and challenging amid rising costs and a high inflationary environment.
Borders reopening so the expats will be coming back. Oversea family school should do much better from now right? The new campus got capacity for around 6000 right? But currently only around 3000 students right? So still got capacity to increase by 100%. Moreover at 50% capacity the PE is already around 10. So already very profitable at 50% capacity. If increase to 100% capacity, then huat liao. P/BV is only 0.75 so don' t have to be overconcern about new competitors coming in.
hahahaha, means rugi a lottttttttttttttttttttttttttttttttttttttttttttttttttttt
alimama ( Date: 09-May-2019 22:08) Posted:
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Go shot ! dividents very very high !!!!!!!!!!!!!!!!!1
Joelton ( Date: 19-Feb-2021 09:21) Posted:
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