@Explore Thanks heaps for that information. (about only unprofitable companies releasing quarterlies) I really still know nothing. >_<
It possibly also shows the quality of some of the companies I'm investing in...
@Explore is correct @Stuey727 except there are a couple of exceptions, and they are (a) mining and (b) energy (oil & gas) exploration companies, who are also required to release Quarterly (Activities) Reports which usually include a development and exploration update or report. This is regardless of whether they are profitable or not, which is why you see large profitable companies like BHP, RIO, S32, FMG, WPL and MIN all releasing those quarterly reports; in fact those 6 companies have all released their March quarter reports in the past 8 days, RIO on the 20th, BHP on the 21st. MIN on 22nd, S32 and WPL on 26th and FMG on 28th April (today, and the FMG SP rose +8%, go you good thing!!).
The following shows the applicable ASX listing rules (from https://www2.asx.com.au/listings/how-to-list/listing-requirements)... I've added the yellow and blue highlights and the arrow.
You can click on that image if it's not clear and you should get a larger and clearer version that is easier to read. Click again to return to this forum thread.
At a brief look, the results look good here and seems to indicate the thesis playing out. I've added a small amount to my position IRL (Stocks are trading at the lower end of their trading range). Revenue has increased by 2.8 mil, with employee expenses increasing 1.9 mil, but covid makes this all messy and would expect the 2020 result to be pretty impacted by covid. Underlying profit seems to be increasing.
I think there is still a risk that the corporate centres will cause expenses to rise, meaning there is not enough of an additional profit.
I'd want to have a bit more of a look at what is going on with the admin and D&A expense.
Some anecdotal thoughts from the start of term at our centre:
Strong interest and retention compared to last two years.
Around 1/2 to 3/4 opting to stay online. Reasons usually covid related or limited time after school to drop students.
Thanks for posting AlphaAngle, great insight to hear from someone that owns a centre. I am curious now to know, do you own any shares KME yourself and what your opinion on it as an investment is?
Cheers