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EDU Holdings Ltd ASX:EDU

Operating Leverage Regulatory Risk Capital Management Share Buyback

0 opened or increased4 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 5 managers in total.

Position history by manager Showing 3 of 5 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

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20252026

31 Mar 2024 to today

Commentary Showing 2 of 31

DateManagerActionSummary

1 Sep 2026Raper CapitalHeldRaper Capital continues to hold EDU Holdings without change, describing the stock as very cheap and forecasting a boring but solid return of over 30% over the following six to twelve months. The manager highlights exceptional and still-improving operating performance, disciplined management evidenced by an aggressive buyback funded from a strongly cashed-up balance sheet, and a valuation of five to six times free cash flow that compares favourably to a recent sector transaction. Additional support is drawn from renewed institutional buying and the appointment of a high-profile new board member, reinforcing the manager's rerating thesis.

Post, price recorded $1.17

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31 Jul 2026Tamim Funds ManagementHeldTamim Funds Management continues to hold EDU Holdings because the manager notes record first-half results at the guidance midpoint, with revenue rising 48% to $53.5 million, EBITDA up 51% to $16.5 million and pre-tax profit increasing 57% to $13.0 million. Tamim highlights Higher Education enrolments in Ikon growing 57% on the prior corresponding period, driven by strong domestic and international demand, more than offsetting softer performance in the Group's vocational education business. With net cash of $24.0 million after shareholder returns, the manager notes EDU trades on 8 times earnings and will need to prove continued enrolment growth to sustain its trajectory.

Monthly Report, price recorded $1.08

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29 more comments on EDUPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 5 managers first commented on EDU.

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Articles

1 Sep 2026EDU Holdings Rallied 850%, and an Activist Still Calls It Cheap
31 May 2026EDU Holdings' 850% Rally Meets New Student Visa Rules

About EDU Holdings Ltd

Consumer Discretionary, Diversified Consumer Services

EDU Holdings (ASX:EDU), a higher education provider, has delivered record growth that has made it a strong performer for small-cap managers. In July 2026, DMX Asset Management reported EDU expected revenue to rise 48% to $53.5 million for the half, with profit before tax up 57% to $13 million and net cash of $24 million. Tamim confirmed record first-half results at the midpoint of guidance, with EBITDA up 51%, and Raper Capital believes the stock is cheap again, expecting returns of 30% or more over the next 6 to 12 months. EDU Holdings operates in the Consumer Discretionary sector within the Diversified Consumer Services industry, and Thesis Tracker has captured 31 comments from 5 fund managers, including DMX, Tamim and Raper Capital. Established in 1981 and headquartered in Sydney, EDU Holdings operates Ikon Institute and the Australian Learning Group, delivering higher education and vocational courses in health and community services, including nursing and counselling.

Market cap: $89m
Price to earnings: 9.4x
Return on equity: 98.7%
Dividend yield: 3.6%
Price to book: 8.25x
Net margin: 17.7%
52-week range: $0.53 to $1.23

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in EDU Holdings Ltd (ASX:EDU)?

Fund managers including DMX Asset Management, Monash Investors, Tamim Funds Management, Centennial Asset Management and Raper Capital have invested in EDU Holdings Ltd (ASX:EDU).

What opportunities or catalysts do fund managers highlight for EDU Holdings Ltd?

Managers highlight record revenue and profit growth, a strong net cash position, positive AGM trading commentary and the resumption of an on-market buyback, with Raper Capital expecting strong returns from a cheap valuation.

What are the key risks to the EDU Holdings Ltd investment thesis, according to fund managers?

DMX notes EDU's share price has been volatile, moving with market swings as investors weigh policy risk around international and domestic student settings that could affect enrolments.

What does EDU Holdings Ltd (ASX:EDU) do?

EDU Holdings Ltd. is an Australian-based tertiary education provider, headquartered in Sydney. Established in 1981, the company specializes in health and community services sectors. Operations are organized into two primary segments: International Student Education and Domestic Student Education. EDU Holdings focuses on delivering accredited vocational and higher education programs to support workforce development in these key service industries.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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