External broker reports(aggregated public sources), Taylor Collison

Taylor Collison

External broker reports(aggregated public sources)

Taylor Collison is a leading financial services firm, providing advice & wealth creation strategies to private & institutional investors and corporate clients throughout Australia. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Elevated Mathletics churn and muted B2C growth extrapolated from third party web traffic1 and app download data2 foreshadowed FY24’s guidance miss.</li><li>Acknowledging FY24’s transitionary nature, our outlook remained optimistic due to a long-term growth strategy bolstered by experienced management and the expected return of B2C consumers.</li><li>Drawing on third party data, we anticipate 1H25 to provide another underwhelming result due to continued muted revenue growth.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Elevated Mathletics churn and muted B2C growth extrapolated from third party web traffic1 and app download data2 foreshadowed FY24’s guidance miss.Acknowledging FY24’s transitionary nature, our outlook remained optimistic due to a long-term growth strategy bolstered by experienced management and the expected return of B2C consumers.Drawing on third party data, we anticipate 1H25 to provide another underwhelming result due to continued muted revenue growth.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

3P Learning Limited (3PL) - Mathletics Usage Data Indicates Compounding Decline

Analyst, Schoolhouse Solutions

Daniel Su

Analyst

Schoolhouse Solutions

Schoolhouse is a strategy and research provider for the Education sector. We publish differentiated reports and bespoke research on the sector, focused on private and public companies in Asia-Pacific. Our team has decades of experience working with Education companies ranging from K-12 to Tertiary and Edtech.

Strategy and Research Provider

Thematic (Sector/Industry)

<ul>
<li>The education sector remains resilient despite headline privatisations, with market cap only slightly down to US$142bn after the removal of <a href="https://www.smartkarma.com/entities/powerschool-holdings-inc" target="_blank" data-smartkarma-citation="entities:36946:1" rel="noopener">PowerSchool Holdings (PWSC US)</a> and <a href="https://www.smartkarma.com/entities/instructure-holdings-inc" target="_blank" data-smartkarma-citation="entities:26502:1" rel="noopener">Instructure Holdings (INST US)</a>.</li>
<li>AI disruption is reshaping the landscape, with key players like <a href="https://www.smartkarma.com/entities/chegg-inc" target="_blank" data-smartkarma-citation="entities:10114:1" rel="noopener">Chegg Inc (CHGG US)</a> collapsing while innovators like <a href="https://www.smartkarma.com/entities/duolingo-inc" target="_blank" data-smartkarma-citation="entities:33531:1" rel="noopener">Duolingo (DUOL US)</a> surge, highlighting a potential shift in investor focus.</li>
<li>M&amp;A and IPO activity is reawakening, with <a href="https://www.smartkarma.com/entities/kindercare-learning-cos-inc" target="_blank" data-smartkarma-citation="entities:35721:1" rel="noopener">KinderCare Learning (KLC US)</a> 's IPO, India's robust upcoming pipeline, and renewed private equity interest pointing to a cyclical upturn.</li>
</ul>


The education sector remains resilient despite headline privatisations, with market cap only slightly down to US$142bn after the removal of PowerSchool Holdings (PWSC US) and Instructure Holdings (INST US).
AI disruption is reshaping the landscape, with key players like Chegg Inc (CHGG US) collapsing while innovators like Duolingo (DUOL US) surge, highlighting a potential shift in investor focus.
M&amp;A and IPO activity is reawakening, with KinderCare Learning (KLC US) 's IPO, India's robust upcoming pipeline, and renewed private equity interest pointing to a cyclical upturn.


Valuations, Visas & Venture Pullback: An Equity + M&A Overview of the Education Sector in Q1 2025

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Apr 4th (reported today) which has an aggregated short interest worth USD23.3bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in James Hardie Industries, Transurban, Coles, Northern Star Resources, Evolution Mining, Goodman.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Apr 4th (reported today) which has an aggregated short interest worth USD23.3bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in James Hardie Industries, Transurban, Coles, Northern Star Resources, Evolution Mining, Goodman.


ASX Short Interest Weekly (Apr 4th): James Hardie Industries, Transurban, Coles

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Mar 28th (reported today) which has an  aggregated short interest worth USD 23.9bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT.</li>
<li>We highlight short interest changes in Commonwealth Bank Of Australia, James Hardie Industries, Westpac, Suncorp, ANZ, Macquarie.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Mar 28th (reported today) which has an  aggregated short interest worth USD 23.9bn.
We tabulate league table for top short by value and short as multiple of ADT.
We highlight short interest changes in Commonwealth Bank Of Australia, James Hardie Industries, Westpac, Suncorp, ANZ, Macquarie.


ASX Short Interest Weekly (Mar 28th): Commonwealth Bank Of Australia, James Hardie Industries

<ul><li>At 3PL’s last result management highlighted their intention to accelerate growth in the US market.</li><li>Part of this strategy was re-acquiring the school distribution rights to their core reading product Reading-Eggs.</li><li>Third party web traffic1 and third-party app download2 data available to us appears to confirm the accelerated rollout of Reading-Eggs in the US. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

At 3PL’s last result management highlighted their intention to accelerate growth in the US market.Part of this strategy was re-acquiring the school distribution rights to their core reading product Reading-Eggs.Third party web traffic1 and third-party app download2 data available to us appears to confirm the accelerated rollout of Reading-Eggs in the US. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

3P Learning Limited (3PL) - Confirmation of US Growth Acceleration

Australia

3P Learning Limited provides educational services. The Company owns and operates a website for students, teachers, and mathematics coordinators with a focus on e-learning of mathematics. 3P Learning serves the kindergarten through twelfth grade curriculum worldwide.

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3P Learning (3PL AU)

3P Learning Limited (3PL) - Mathletics Usage Data Indicates Compounding Decline

Elevated Mathletics churn and muted B2C growth extrapolated from third party web traffic1 and app download data2 foreshadowed FY24’s guidance miss.

Taylor Collison

Valuations, Visas & Venture Pullback: An Equity + M&A Overview of the Education Sector in Q1 2025

Education sector resilient post-privatisations, AI disruption reshaping landscape, M&A/IPO activity reawakening - potential shift in investor focus.

Daniel Su

ASX Short Interest Weekly (Apr 4th): James Hardie Industries, Transurban, Coles

We analyzed ASX short interest report for the past week and highlight short interest changes in James Hardie Industries, Transurban, Coles,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Mar 28th): Commonwealth Bank Of Australia, James Hardie Industries

We analyzed ASX short interest report for the past week and highlight short interest changes in Commonwealth Bank Of Australia, James Hardie...

Ke Yan, CFA, FRM

3P Learning Limited (3PL) - Confirmation of US Growth Acceleration

Third party web traffic1 and third-party app download2 data available to us appears to confirm the accelerated rollout of Reading-Eggs in the US.

Taylor Collison

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

3P Learning Limited (3PL) - Mathletics Usage Data Indicates Compounding Decline

Elevated Mathletics churn and muted B2C growth extrapolated from third party web traffic1 and app download data2 foreshadowed FY24’s guidance miss.

Taylor Collison

Valuations, Visas & Venture Pullback: An Equity + M&A Overview of the Education Sector in Q1 2025

​Education sector resilient post-privatisations, AI disruption reshaping landscape, M&A/IPO activity reawakening - potential shift in investor focus.

Daniel Su

ASX Short Interest Weekly (Apr 4th): James Hardie Industries, Transurban, Coles

We analyzed ASX short interest report for the past week and highlight short interest changes in James Hardie Industries, Transurban, Coles,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Mar 28th): Commonwealth Bank Of Australia, James Hardie Industries

We analyzed ASX short interest report for the past week and highlight short interest changes in Commonwealth Bank Of Australia, James Hardie...

Ke Yan, CFA, FRM

3P Learning Limited (3PL) - Confirmation of US Growth Acceleration

Third party web traffic1 and third-party app download2 data available to us appears to confirm the accelerated rollout of Reading-Eggs in the US.

Taylor Collison

Education sector resilient post-privatisations, AI disruption reshaping landscape, M&A/IPO activity reawakening - potential shift in investor focus.