China Tracker - Details for Noah Education Holdings (NED)

 Noah Education Holdings
Shares Outstanding (MRQ): 36.49 mill 
New Shares / Dilution (TTM): -2.67 mill-6.82%
Cash (MRQ): 65.39 mill0.00%
Account Receivables (MRQ): 0.41 mill0.00%
Account Receivables (Q/Q): -38.33 mill  
Long-Term Debt (MRQ): 1.52 mill0.00%
Revenue Growth (Q/Q): -63.66% 
Revenue Growth (Y/Y): 115.56%
Net Income Growth (Q/Q): N/A (BACK TO PROFITABILITY) 
Net Income Growth (Y/Y): N/A (BACK TO PROFITABILITY)
EPS Growth (Y/Y): N/A (BACK TO PROFITABILITY)
Net Margin (Q/Q): 16.7% (-79.7%)96.30% 
Net Margin (Y/Y): 16.7% (-20.4%)37.10% 
EPS | P/E (2 MRQ Projection): -$0.390.00 
CFPS | P/CF (2 MRQ Projection): -$0.020.00 
Price/Sales (2 MRQ Projection): 0.00
Price/Book (MRQ): 0.00 
Auditor: Deloitte Touche
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2011-05-21): $0.090.00 
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2007-10-19 
IPO Price: $14.00 (-100.00% since IPO)

 Business Outlook

Based on current estimates and market conditions, Noah expects to generate in the range of US$3.7 million to US$4.0 million in revenue from education services for the fourth quarter of fiscal 2011. For the full fiscal year 2011, Noah expects to generate education services revenue between US$13.5 million and US$13.7 million.

"Looking ahead, our growth remains on track. The four Wentai kindergartens that were under conversion during the third fiscal quarter are due to contribute to revenue in the quarter ended June 2011, three new schools or kindergartens are scheduled to open by September 2011, and contracts have been signed to open three kindergartens and one school in 2012. The US$75 million cash, cash equivalents and short-term investments on our balance sheet at the end of March stands us in good stead to continue our organic and acquisitive growth. As we progress through this transitional period, we anticipate revenue in the range of RMB24.5 million – RMB26 million during the fourth fiscal quarter from Little New Star and Wentai Education, which constitute our existing education services portfolio."

(Source: PR Newswire, 2011-05-12)

Based on current estimates and market conditions, Noah expects to generate in the range of US$3.3 million to US$3.5 million in revenue from education services for the third quarter of fiscal 2011.

(Source: PR Newswire, 2011-03-01)

Noah Education Holdings today announced that the board of directors of the Company has received an indicative non-binding offer from Mr. Benguo Tang, one of Noah's founders, to acquire Noah's Electronic Learning Product business and operating assets (excluding cash and the office building in Chengdu). In connection with the submission of the Offer, Mr. Tang has also resigned from his role as Noah's President and Chief Operating Officer. Mr. Tang submitted the offer to the Board on February 22, 2011. The offer indicated a preliminary price range of RMB90 million to RMB120 million. While evaluating the proposal from Mr. Tang, the Special Committee is also authorized to solicit offers from other potential purchasers and will continue to assess other alternatives, including closure of the ELP business.

(Source: PR Newswire, 2011-02-25)

    see all Business Outlook notes

 Analyst Coverage (show more)
2011-08-22Roth CapitalDowngradeUnder Reviewn/a
2011-06-16Roth CapitalReiterationBuy$3.00
2011-05-16Roth CapitalReiterationBuy$3.00
2011-03-29Roth CapitalReiterationBuy$2.50
2011-03-01Roth CapitalReiterationBuy$2.50

    see all Analyst Ratings

 Investor Presentations
2010-02-12 (PDF)   DOWNLOAD (right click, save as)
NED
Education
SCORE
6
READ: Score Cards Explained
SAFETY/RISK SCORE
HIGH SAFETY
DETAILS: Safety/Risk Model for NED
Current Price:  n/a
F10k Day (2007-10-19): -100.00%$19.85
2009 Close: -100.00%$4.89
2010 Close: -100.00%$2.12
2011 Close: -100.00%$2.15
High (2012-02-28): -100.00%$2.08
Low (2012-06-15): -100.00%$1.02
Exchange: NYQ
Market Capitalization: n/a
Total Shares: 36.49 mill
Float: n/a
Avg Volume: 20.90 k
Short Interest: 17.10 k
Short Ratio: 0.13%0.8 d
Last Quarter: 2011-03-31
Revenue (MRQ): 3.53 mill
Net Income (MRQ): 0.59 mill
Op. Cash Flow (MRQ): 1.50 mill
all financial data provided without warranty