Global Education & Technology Group Limited (GEDU)

BBC News  Dec 7  Comment 
Why do Asian countries do so well in global education rankings? The OECD's education director says it reflects a belief that all pupils can succeed.
The Hindu Business Line  Sep 28  Comment 
Manipal Global Education Services, a part of the Manipal Group, has partnered with Coursera, an online education company, to offer its specialisation and certification programmes. As part of this t...
The Hindu Business Line  Sep 27  Comment 
Manipal Global Education Services, a part of the Manipal Group has partnered with Coursera, an online education company, to offer its specialisation and certification programmes.As a part of this tie...
The Economic Times  Aug 21  Comment 
Javadekar has proposed the fairs on the lines of international education fairs across major global education centres to attract the best of faculty.
New York Times  Apr 1  Comment 
Hanan Hroub, who recently won a $1 million global education prize, developed her play-therapy approach to help her own children cope with the trauma of violence.
The Economic Times  Mar 15  Comment 
The jury will comprise Mohandas Pai, chairman of Manipal Global Education; Sharad Sharma, cofounder of iSPIRT foundation; and Nasscom president R Chandrasekhar.
The Economic Times  Mar 13  Comment 
The alliances include prominent individuals from organisations such as UNESCO, Harvard University, Amazon, LEGO Education.
The Economic Times  Feb 17  Comment 
Axis Group has tied up with Coursera - a global education aggregator to skill almost 12,000 Axis Group employees out of the 80,000 over a period of three years.
The Hindu Business Line  Dec 14  Comment 
Internet has not only connected businesses but also connected seven billion people around the world, according to TV Mohandas Pai, Chairman of Manipal Global Education Services. Deli...
The Hindu Business Line  Dec 10  Comment 
  Manipal Global Education Services (MaGE) has signed a MoU with Open University, UK, one of the world’s oldest open universities, here on Thursday. The MoU wil...
The Hindu Business Line  Dec 10  Comment 




 
TOP CONTRIBUTORS

Global Education & Technology Group Limited (NASDAQ:GEDU) is a Chinese company which provides education courses and services, particularly for foreign language and test preparation.[1] As of 2009, Global Education was the largest providers of preparation services for English-proficiency test in China by revenue and student enrollment. The company also directly operates 66 learning centers and operates 226 through franchises.[2]

Global Education plans to capitalize on the growing demand for English education. The growing middle class in China has increasingly pushed their children to learn English. The number of Chinese students admitted to US colleges and universities also has risen by 250% from 1,000 in 2006 to 2,500 in 2009. Global Education expects that the continued economic growth in China will continue to push up these numbers.[3]

The company's initial public offering of stock on the NASDAQ and occurred on October 7, 2010. Its initial price range was $8.50-$10.50, and the stock priced at the top at $10.50. The company sold 6.375M ADS shares and raised $67M. The lead underwriter were Credit Suisse Group (CS) and Bank of America (BAC).[4]

The company's revenue figures have consistently risen since 2007 - 83M RMB in 2007, 148M RMB in 2008, and 229M RMB in 2009. These increases have been roughly followed by growth in the net income figures. In 2007 the company reported 23M RMB, in 2008, 41M RMB, and in 2009, 56M RMB.[5]

References

  1. GEDU F-1/A 2010 Prospectus Summary "Our Company" pg 1
  2. GEDU F-1/A 2010 Prospectus Summary "Market Opportunity" pg 3
  3. Renaissance Capital - IPO Home "Global Education price IPO at $10.50, high end of the range; Chinese IPOs continue to take center stage"
  4. GEDU F-1/A 2010 Prospectus Summary "Summary COnsolidated Statements of Operations Data" pg 10
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki