Recent Insider Transactions • Jul 01
Non-Executive Chairman recently bought AU$70k worth of stock On the 29th of June, Damian Banks bought around 150k shares on-market at roughly AU$0.46 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Damian has been a buyer over the last 12 months, purchasing a net total of AU$666k worth in shares. Recent Insider Transactions • Mar 06
Non-Executive Chairman recently bought AU$198k worth of stock On the 4th of March, Damian Banks bought around 350k shares on-market at roughly AU$0.57 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Damian has been a buyer over the last 12 months, purchasing a net total of AU$596k worth in shares. New Risk • Mar 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (AU$2.4m sold). Market cap is less than US$100m (AU$32.2m market cap, or US$22.8m). Declared Dividend • Feb 28
First half dividend increased to AU$0.01 Dividend of AU$0.01 is 100% higher than last year. Ex-date: 11th March 2026 Payment date: 26th March 2026 Dividend yield will be 2.7%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 9.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
First half 2026 earnings released: EPS: AU$0.027 (vs AU$0.011 in 1H 2025) First half 2026 results: EPS: AU$0.027 (up from AU$0.011 in 1H 2025). Revenue: AU$15.2m (flat on 1H 2025). Net income: AU$1.53m (up 148% from 1H 2025). Profit margin: 10% (up from 4.0% in 1H 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Feb 19
Kip McGrath Education Centres Limited to Report First Half, 2026 Results on Feb 26, 2026 Kip McGrath Education Centres Limited announced that they will report first half, 2026 results on Feb 26, 2026 Announcement • Jan 08
Kip McGrath Education Centres Limited Announces Executive Changes, Effective December 17, 2025 Kip McGrath Education Centres Limited announced that Brett Edwards has resigned as Company Secretary of the Company, effective December 17, 2025. The Company also announced the appointment of Adrian Sturrock as Company Secretary, also effective December 17, 2025. New Risk • Dec 10
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$2.4m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Significant insider selling over the past 3 months (AU$2.4m sold). Market cap is less than US$100m (AU$30.8m market cap, or US$20.5m). Recent Insider Transactions • Dec 10
Insider recently sold AU$2.4m worth of stock On the 4th of December, Storm McGrath sold around 5m shares on-market at roughly AU$0.45 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.8m more than they bought in the last 12 months. Board Change • Dec 04
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Chairman Damian Banks is the most experienced director on the board, commencing their role in 2024. Independent Director Lynne Lewis was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Recent Insider Transactions • Nov 29
Non-Executive Chairman recently bought AU$103k worth of stock On the 27th of November, Damian Banks bought around 200k shares on-market at roughly AU$0.51 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$291k. Damian has been a buyer over the last 12 months, purchasing a net total of AU$391k worth in shares. Announcement • Oct 27
Kip McGrath Education Centres Limited, Annual General Meeting, Nov 25, 2025 Kip McGrath Education Centres Limited, Annual General Meeting, Nov 25, 2025. Location: at the commons george street, level 1, 388 george street, sydney Australia Recent Insider Transactions • Oct 25
Insider recently bought AU$291k worth of stock On the 23rd of October, Storm McGrath bought around 493k shares on-market at roughly AU$0.59 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$187k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 30
Chairman of the Board recently bought AU$120k worth of stock On the 27th of August, Damian Banks bought around 200k shares on-market at roughly AU$0.60 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Damian has been a buyer over the last 12 months, purchasing a net total of AU$337k worth in shares. Reported Earnings • Aug 27
Full year 2025 earnings released: EPS: AU$0.04 (vs AU$0.026 in FY 2024) Full year 2025 results: EPS: AU$0.04 (up from AU$0.026 in FY 2024). Revenue: AU$31.4m (up 8.9% from FY 2024). Net income: AU$2.29m (up 54% from FY 2024). Profit margin: 7.3% (up from 5.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Aug 13
Kip McGrath Education Centres Limited to Report Fiscal Year 2025 Results on Aug 26, 2025 Kip McGrath Education Centres Limited announced that they will report fiscal year 2025 results on Aug 26, 2025 New Risk • Jun 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (AU$23.0m market cap, or US$15.0m). Announcement • Feb 26
Kip McGrath Education Centres Limited announces Annual dividend, payable on March 27, 2025 Kip McGrath Education Centres Limited announced Annual dividend of AUD 0.0050 per share payable on March 27, 2025, ex-date on March 12, 2025 and record date on March 13, 2025. New Risk • Nov 03
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$402k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Significant insider selling over the past 3 months (AU$402k sold). Market cap is less than US$100m (AU$23.9m market cap, or US$15.6m). Recent Insider Transactions • Nov 03
Insider recently sold AU$402k worth of stock On the 28th of October, Kip McGrath sold around 1m shares on-market at roughly AU$0.40 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$219k more than they bought in the last 12 months. Announcement • Oct 28
Kip McGrath Education Centres Limited, Annual General Meeting, Nov 26, 2024 Kip McGrath Education Centres Limited, Annual General Meeting, Nov 26, 2024. Location: at second floor, 31 market street, nsw, 2000, sydney Australia Recent Insider Transactions • Oct 16
Chairman of the Board recently bought AU$80k worth of stock On the 14th of October, Damian Banks bought around 200k shares on-market at roughly AU$0.40 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Damian has been a buyer over the last 12 months, purchasing a net total of AU$183k worth in shares. Recent Insider Transactions • Sep 07
Chairman of the Board recently bought AU$61k worth of stock On the 5th of September, Damian Banks bought around 139k shares on-market at roughly AU$0.44 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Damian has been a buyer over the last 12 months, purchasing a net total of AU$77k worth in shares. Announcement • Aug 21
Kip McGrath Education Centres Limited Does Not Declare Final Dividend for the Year Ended 30 June 2024 The Board of Kip McGrath Education Centres Limited has not declared a final dividend for the year ended on 30 June 2024, balancing the operating performance and capital needs whilst continuing to focus on growth in the business. A final dividend for the year ended 30 June 2023 of 1.5 cents per ordinary share, 0% franked, was paid on 21 September 2023. Buy Or Sell Opportunity • Jul 18
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to AU$0.34. The fair value is estimated to be AU$0.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 5.6%. Announcement • Jun 25
Kip McGrath Education Centres Limited to Report Fiscal Year 2024 Results on Aug 20, 2024 Kip McGrath Education Centres Limited announced that they will report fiscal year 2024 results on Aug 20, 2024 Announcement • May 24
Kip McGrath Education Centres Limited Announces Retirement of Trevor Folsom as Director, Effective 31 May 2024 Kip McGrath Education Centres Limited informed the market that Trevor Folsom has announced his decision to retire as a Director effective 31 May 2024. Trevor has been a Director since September 2014. Buy Or Sell Opportunity • May 13
Now 23% overvalued Over the last 90 days, the stock has fallen 27% to AU$0.34. The fair value is estimated to be AU$0.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 5.6%. Buy Or Sell Opportunity • Apr 24
Now 21% overvalued Over the last 90 days, the stock has fallen 31% to AU$0.34. The fair value is estimated to be AU$0.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 5.6%. New Risk • Feb 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 6.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 118% Cash payout ratio: 98% Earnings have declined by 11% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (AU$21.0m market cap, or US$13.8m). Buy Or Sell Opportunity • Feb 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.8% to AU$0.47. The fair value is estimated to be AU$0.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Dec 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be AU$0.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Dec 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be AU$0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Nov 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be AU$0.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Buying Opportunity • Oct 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be AU$0.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Announcement • Oct 20
Kip McGrath Education Centres Limited, Annual General Meeting, Nov 21, 2023 Kip McGrath Education Centres Limited, Annual General Meeting, Nov 21, 2023, at 11:01 AUS Eastern Standard Time. Location: Second Floor, 131 Macquarie Street Sydney New South Wales Australia Agenda: To receive and consider the financial report, directors' report and independent audit report for the Company for the year ended 30 June 2023; to consider re-election of Mr. Trevor Folsom; and to consider adoption of Remuneration Report. Upcoming Dividend • Aug 30
Upcoming dividend of AU$0.015 per share at 5.0% yield Eligible shareholders must have bought the stock before 06 September 2023. Payment date: 21 September 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 23
Full year 2023 earnings released: EPS: AU$0.034 (vs AU$0.035 in FY 2022) Full year 2023 results: EPS: AU$0.034. Revenue: AU$26.8m (up 8.8% from FY 2022). Net income: AU$1.92m (up 2.4% from FY 2022). Profit margin: 7.2% (down from 7.6% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Aug 22
Kip Mcgrath Education Centres Limited Declares Final Dividend for the Period Ended 30 June 2023 to Be Paid on 21 September 2023 The Board of Kip McGrath Education Centres Limited declared a final dividend of AUD 0.01500000 for the period ended 30 June 2023 to be paid on 21 September 2023. Ex Date is 6 September 2023. Record Date is 7 September 2023. New Risk • Jul 13
New major risk - Revenue and earnings growth Earnings have declined by 7.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (AU$30.9m market cap, or US$21.0m). Recent Insider Transactions • Jul 01
MD, CEO & Executive Director recently bought AU$86k worth of stock On the 28th of June, Storm McGrath bought around 200k shares on-market at roughly AU$0.43 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Storm's only on-market trade for the last 12 months. Announcement • Jun 28
Kip Mcgrath Education Centres Limited Provides Earnings Guidance for the Financial Year 2023 Kip McGrath Education Centres Limited provided earnings guidance for the financial year 2023. For the period, the company expects revenue to be between $26.9 million - $27.3 million and net profit is expected to be marginally behind the prior year at $1.7 million to $1.9 million. Upcoming Dividend • Mar 01
Upcoming dividend of AU$0.01 per share at 3.7% yield Eligible shareholders must have bought the stock before 08 March 2023. Payment date: 23 March 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 22
First half 2023 earnings released: EPS: AU$0.012 (vs AU$0.018 in 1H 2022) First half 2023 results: EPS: AU$0.012 (down from AU$0.018 in 1H 2022). Revenue: AU$12.4m (up 8.8% from 1H 2022). Net income: AU$652.0k (down 29% from 1H 2022). Profit margin: 5.3% (down from 8.1% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Di Pass was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Di Pass was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 31
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 22 September 2022. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of Australian dividend payers (6.6%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$0.035 (vs AU$0.033 in FY 2021) Full year 2022 results: EPS: AU$0.035 (up from AU$0.033 in FY 2021). Revenue: AU$24.6m (up 28% from FY 2021). Net income: AU$1.88m (up 8.4% from FY 2021). Profit margin: 7.6% (down from 9.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jun 30
Independent Non-Executive Director recently bought AU$53k worth of stock On the 27th of June, Diane Pass bought around 51k shares on-market at roughly AU$1.05 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$261k. Insiders have collectively bought AU$521k more in shares than they have sold in the last 12 months. Announcement • Jun 22
Kip McGrath Education Centres Limited Provides Earnings Guidance for the Financial Year Ending June 30, 2022 Kip McGrath Education Centres Limited provided earnings guidance for the financial year ending June 30, 2022. For the period, Company expects revenue to be between $24.0 million to $24.4 million, approximately a 25% increase on pcp of $19.3 million. Recent Insider Transactions • Apr 03
Independent Non-Executive Director recently bought AU$261k worth of stock On the 31st of March, Trevor Folsom bought around 219k shares on-market at roughly AU$1.19 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$468k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 22
Independent Non-Executive Director recently bought AU$105k worth of stock On the 18th of March, Trevor Folsom bought around 98k shares on-market at roughly AU$1.07 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$207k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 12
MD, CEO & Director recently bought AU$102k worth of stock On the 9th of March, Storm McGrath bought around 100k shares on-market at roughly AU$1.02 per share. This was the largest purchase by an insider in the last 3 months. This was Storm's only on-market trade for the last 12 months. Upcoming Dividend • Mar 02
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 24 March 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Australian dividend payers (5.7%). Higher than average of industry peers (1.0%). Reported Earnings • Feb 23
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.018 (up from AU$0.016 in 1H 2021). Revenue: AU$11.4m (up 33% from 1H 2021). Net income: AU$918.0k (up 11% from 1H 2021). Profit margin: 8.1% (down from 9.7% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 22
Kip McGrath Education Centres Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 24, 2022 Kip McGrath Education Centres Limited announced dividend for the six months ended December 31, 2021 of AUD 0.01000000 per share. Ex-date is March 9, 2022. Record date is March 10, 2022. Payment date is March 24, 2022. Recent Insider Transactions Derivative • Jan 06
MD, CEO & Director exercised options to buy AU$1.5m worth of stock. On the 29th of December, Storm McGrath exercised options to buy 2m shares at a strike price of around AU$0.36, costing a total of AU$535k. This transaction amounted to 51% of their direct individual holding at the time of the trade. Since March 2021, Storm has owned 2.88m shares directly. Company insiders have collectively bought AU$431k more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 15% share price gain to AU$1.06, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 29x in the Consumer Services industry in Australia. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 15% share price gain to AU$1.13, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 30x in the Consumer Services industry in Australia. Total returns to shareholders of 67% over the past three years. Announcement • Sep 01
Kip McGrath Education Centres Ltd (ASX: KME) agreed to acquire a 70% stake in Tutorfly for $1 million. Kip McGrath Education Centres Ltd (ASX: KME) agreed to acquire a 70% stake in Tutorfly for $1 million on September 1, 2021. Kip McGrath will take a 70% stake in the business for an initial payment of USD 500,000 via its newly incorporated subsidiary, Tutorfly Holdings Inc. The remaining 30% will be held by the Founders through their existing company, Tutorfly Inc. Kip McGrath will make a further payment of USD 500,000 to Tutorfly Inc. when Tutorfly achieves USD20,000 per month net revenue targets (calculated as revenue less tutor fees). The Tutorfly Team is especially excited to team up with Kip McGrath to further equip Tutorfly Tutors and students with proprietary Kip McGrath content, curriculum and training materials. The transaction is conditional on a number of standard corporate conditions precedent being satisfied or waived, including all relevant IT and telecommunications systems being in place for Tutorfly Holdings Inc. to operate the business.Tutorfly Inc. entering into an agreement to provide software and business advisory support to Tutorfly Holdings Inc. on terms satisfactory to it. Tutorfly Holdings Inc. receiving duly executed copies of all required third-party consents, approvals and assignments (including any assignments of software licenses) required to effect the sale. Completion of the acquisition is expected to occur in September 2021. Upcoming Dividend • Sep 01
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 23 September 2021. Trailing yield: 1.8%. Lower than top quartile of Australian dividend payers (5.2%). Higher than average of industry peers (0.7%). Reported Earnings • Aug 26
Full year 2021 earnings released: EPS AU$0.033 (vs AU$0.035 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: AU$19.8m (up 16% from FY 2020). Net income: AU$1.73m (up 10% from FY 2020). Profit margin: 8.8% (down from 9.2% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 17
MD, CEO & Director recently sold AU$104k worth of stock On the 11th of March, Storm McGrath sold around 69k shares on-market at roughly AU$1.50 per share. This was the largest sale by an insider in the last 3 months. This was Storm's only on-market trade for the last 12 months. Reported Earnings • Feb 24
First half 2021 earnings released: EPS AU$0.016 (vs AU$0.023 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$8.53m (down 2.4% from 1H 2020). Net income: AU$826.0k (down 19% from 1H 2020). Profit margin: 9.7% (down from 12% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. Announcement • Feb 17
Kip McGrath Education Centres Ltd Announces Appointment of Two New Executive Team Members Kip McGrath Education Centres Ltd. announced it has completed the appointment of two new Executive team members. Scott Hillard has been appointed as the new Chief Commercial Officer (CCO) and will be responsible for the Australasian operations. Abby Clifton has been appointed as the new Chief Product Officer responsible for key components of the company's direction with new product development globally. Scott is a sales & marketing professional with extensive experience in the education sector. His commercial leadership skills and customer-centric focus have delivered strong results in Australia, New Zealand, throughout APAC and the Middle East across a range of categories. Scott has led innovative international channel optimization and development projects with both SMEs and large listed organizations including Navitas and Management Consultancy International. Abby is a training and change management expert with extensive experience in the Australia and United Kingdom markets, working with blue-chip organizations such as Aldi Food Stores, Arthur Anderson, ERM, OneSteel and Qantas, as well as more recent work on the global-market tertiary offerings for the University of Newcastle. Abby provides Kip McGrath with unique innovation experience developing digital education products and her recognized background in organisational change management will allow her to foster innovation across Kip McGrath's product offering. Announcement • Feb 16
Kip McGrath Education Centres Limited to Report First Half, 2021 Results on Feb 23, 2021 Kip McGrath Education Centres Limited announced that they will report first half, 2021 results on Feb 23, 2021 Is New 90 Day High Low • Dec 09
New 90-day high: AU$1.60 The company is up 57% from its price of AU$1.02 on 10 September 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 16% share price gain to AU$1.56, the stock is trading at a trailing P/E ratio of 45.1x, up from the previous P/E ratio of 39.1x. This compares to an average P/E of 28x in the Consumer Services industry in Australia. Total returns to shareholders over the past three years are 241%. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 20% share price gain to AU$1.45, the stock is trading at a trailing P/E ratio of 42x, up from the previous P/E ratio of 35x. This compares to an average P/E of 28x in the Consumer Services industry in Australia. Total returns to shareholders over the past three years are 233%. Is New 90 Day High Low • Nov 17
New 90-day high: AU$1.45 The company is up 45% from its price of AU$1.00 on 19 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Services industry, which is up 47% over the same period. Valuation Update With 7 Day Price Move • Oct 27
Market bids up stock over the past week After last week's 16% share price gain to AU$1.34, the stock is trading at a trailing P/E ratio of 38.8x, up from the previous P/E ratio of 33.6x. This compares to an average P/E of 31x in the Consumer Services industry in Australia. Total returns to shareholders over the past three years are 199%. Is New 90 Day High Low • Oct 26
New 90-day high: AU$1.38 The company is up 47% from its price of AU$0.94 on 28 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 29% over the same period. Is New 90 Day High Low • Sep 24
New 90-day high: AU$1.20 The company is up 23% from its price of AU$0.97 on 26 June 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 15% over the same period. Announcement • Sep 24
Kip McGrath Education Centres Limited Appoints Daniel Pludek as Chief Technology Officer Kip McGrath Education Centres Ltd. announced that Daniel Pludek has been appointed as the new Chief Technology Officer (CTO). He will be tasked with the development of technology solutions that maintain the organisation's unique competitive advantage and provide ongoing value to franchisees and students as the company continues to invest in its online offering. Daniel is a technology professional who has an extensive history of partnering with businesses. He excels at using technology to enable optimisation, innovation and growth. Having spent over 20 years within both large corporates as well as start-ups, including a stint in Silicon Valley, Daniel has a broad range of skills allowing him to assist small to mid-sized companies achieve global best practice whist maintaining agility and a flair for innovation. Announcement • Aug 20
Kip McGrath Education Centres Limited to Report Fiscal Year 2020 Results on Aug 25, 2020 Kip McGrath Education Centres Limited announced that they will report fiscal year 2020 results at 2:29 AM, GMT Standard Time on Aug 25, 2020