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Agreed..absolute steal at this price..I’m holding tight on this one and adding when I can.. it looks like they could come out the other side of covid flying.
I’m looking forward to the climb back up!
It demonstrates they are being proactive and ensuring the business comes through this difficult time. I can see major improvements in Q2 2021 and the current sp could be a steal, buts lets wait and see.
Mr T
well, market likes the news a little bit
They are doing all the right things, looking after the capital and making sure they do get through it.
The fact that someone’s lent them some money at 11.25 and not 10% in the middle of a pandemic when other company’s are going out of business I wouldn’t really say is a vote of poor confidence.. that’s poor judgment
As expected they need more money to get through the Covid crisis. Not as much as I thought which is good but 11.25% interest. That shows poor confidence.
Need it!!
Great!
I made contact with Malvern and I’ve been advised that there should be an rns trading update soon
Thanks itsadubthing, hopefully trading is reasonable and continuing online as stated in H1, and any sort of announcement of this would send us flying
Following government advice, Malvern House will be closed for face-to-face lessons for a few weeks. However, we are pleased to announce that we offer online English lessons.
Our teachers are ready and waiting to welcome you to their online lessons where you will learn English, rapidly improve your speaking and listening skills and develop your reading and writing skills.
In these difficult times, enjoy social and interactive lessons with your teacher and classmates and continue to learn English and work on your goals together!
All current students will be contacted by our staff with information about how to access your online lessons.
For new students, find our courses here: https://malverncourse.com/
with a new lockdown looming, lets hope malvern have made provisions, and have developed their online business as this seems the only way forward in the current climate. it would be nice if they could update us shareholders
2 price monitoring RNS I wonder why
For a long term position it wouldn’t be much of a problem, although I agree the spread is a joke!
33.3% spread today, no wonder we have no trading!
Reminder from half year
Covid-19 has necessitated the accelerated development of Malvern Online Academy (MOA), due to the period of closure of our schools during lockdown. MOA continues to provide students language training and professional courses and has become, more than ever, an accepted teaching channel. At a minimum, MOA provides the Company with an insurance should further Covid-19 restrictions be applied, that enables the transfer of all students to remote learning under our standard terms. We believe that, with the right positioning and product offerings, MOA has the potential to become an important division within Malvern's portfolio in the long term in its own right, as well as supporting in-class learning and offering remote follow on courses for students that have completed their studies in one of our schools.
While the long-term education market fundamentals remain unchanged and current bookings are encouraging, the continuing effects of Covid-19 dictate it is appropriate that we remain cautious in our outlook, whilst continuing to invest in and grow the existing business."
Yes,i also was going to top up but with the spread as it is no-way until mm`s give a more acceptable purchase price
Should have kept my mouth shut spread has increased to 33% what a joke
If they were to lower the spread there would probably be a little more activity. At the moment mm are putting potential buyers off. The spread is ludicrous
I think your .3+ is realistic if we can get a trading update that instils some confidence and shows money coming in and the company financially stable
I’ve taken 1% of the company at this price..
I fully expect another raise at some stage nearer the summer if covid doesn’t appear to be getting any better.
But the company has done the correct thing with regards to cost cutting, and off loading loss making parts of the business.
I think a trading update on how online teaching is progressing would be good.
I would think with the lack of travel between countries at the Moment I can’t see face to face classes picking up any time soon.
If a break even position can be maintained through the pandemic then a longer hold for what could be massive rewards will be worth while.. just take a look at where this has been trading pre pandemic.
If you have the minerals to whack 10 or 20k in now it could easily make you a lot of money IF we come out the other side
What is everyone's prediction for the future of this share. Personally I have tucked away some shares and hopefully start to see a +. 3 by summer time. It would be good to get a progress update when the new term starts.
Radio silence until the new year i recon.. might be lucky and get something in February
Does anyone think an update will be provided this side of new year??
Very positive! Could do with a trading update to let us know how the online business side of things is getting on.. this looks to be the life line of the company at the moment and going forwards
Gotta be positive - would they be investing in recruiting if not doing the business? When are we due a trading update, I see WEY tipped and on the up today, online education growing (and Malvern very active in enabling this)