KME 1.59% 31.0¢ kip mcgrath education centres limited

Wow KME's future prospect seems EVEN more exciting now. Business...

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    Wow KME's future prospect seems EVEN more exciting now. Business changes from Bricks and mortars to modern society lifestyle ( online business) sounds like Amazon? The surge in ipads and tablets over the years made usage of online tutoring more viable

    In KME Annual Report

    Initiatives & factors outlined by CEO

    Major Initiatives include
    Gold Partnership Franchisees - Providing back office supports for franchisees
    Online Tutoring- Over the web, which accomodates the modern society lifestyle
    License Sales- with only minimum cost from Co
    National Marketing- To create more Awareness
    Technology Development- Key to adapting to the current technology trends of people

    We expect revenue will continue to grow due to:
     An increase number of students through our national advertising campaigns
     An increase in the number of Gold Partners
     An increase in online students; and
     An increase in centre numbers.

    We expect costs to decrease due to:
     All legal cases have been settled - last year we incurred costs of $200,000
     The major upgrades to our online software including scalability for the future is complete
     The HTML 5 version of the tutoring software is now complete; and
     Minimal expenditure required in establishing a licensing business.

    From these factors, it dawned on me that the CEO is pointing out very precise initiatives and goals to achieve. I view this as very positive. From the past annual reports, past initiatives have been executed nicely & showing a consistent upward trend in Profits.

    From the initiatives outlined, 2017 will be more exciting, as the revenue & profit growth. A fatter profit margin is highly expected.

    Look forward to the exciting prospects of KME.
 
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