RDH - RedHill Education

[System]

RedHill Education was founded in 2006. Today it comprises a number of specialist education and agency businesses, each with specific focus within the education sector.

http://www.redhilleducation.com

 

[robusta]

Not bad numbers ROE a bit under 20% not much debt. Would like to see the numbers of companies being bought with proceeds of IPO before I consider investing.

 

[greggles]

RedHill Education seems to be going from strength to strength recently. Here's their most recent half-year results:

The RDH share price just broke through $3 today. By all accounts it looks to be a well managed, thriving tertiary education business that services 16,000 overseas students a year. It's certainly flown under my radar until now.

 

[galumay]

I cant remember where, but it crossed my bows somewhere and I did a fairly deep analysis on it, at the time I decided it was trading near the top of my range of valuation so I gave it a miss. Looks like I missed an opportunity!

EDIT - went back and looked at my notes and it was already pricey as I thought, also the ½ year numbers look particularly strong because by comparing to the PRP it accentuates the %'s. Still looks like reasonable growth going forward, but its certainly priced for continued extremely strong growth at $3!

 

[System]

On October 27th, 2021, Redhill Education Limited (RDH) was removed from the ASX's Official List under Listing Rule 17.14, following compulsory acquisition of its remaining securities by iCollege Limited.