This morning saw that Raffles Education is trading at 0.255, the previous lowest during financial crisis. So I bought some to accumulate.
The current low is due to some latest poor financial results. But my estimate is that the results will be better for the next 1-2 years because quite a number of new operations will be starting soon from 2011 onwards. Furthermore, there are quite some insider buying from the market and also company share buy back recently.
Quite optimistic on this counter.
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