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ReadCloud Ltd ASX:RCL

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

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

20252026

30 Apr 2024 to today

Commentary Showing 2 of 7

DateManagerActionSummary

31 Mar 2026Cyan Investment ManagementHeldCyan Investment Management continues to hold ReadCloud Ltd despite a 20% share price decline during the month, attributing the fall to bearish broader market sentiment rather than any specific negative company news. Cyan Investment Management notes the majority of its portfolio companies reported strong first-half FY26 results in late February.

SaaSMonthly Report, price recorded $0.07

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31 Dec 2025Cyan Investment ManagementHeldThe fund manager continues to hold ReadCloud because the education services company, which provides digital learning content, vocational education and training, and vocational training to industry, rose 15% in December after releasing a solid result in late November. They note the VET-in-Schools division is performing strongly and appears well placed for a robust 2026, which should drive further earnings growth. The manager believes the business is undervalued and underappreciated given its exposure to strong strategic assets in a growing segment of the education sector.

Monthly Report, price recorded $0.12

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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 1 managers first commented on RCL.

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About ReadCloud Ltd

Information Technology, Software

ReadCloud (ASX:RCL) is a digital education provider held by Cyan Investment Management for its exposure to schools and vocational training. In March 2026, Cyan noted ReadCloud's shares fell around 20% during the month due to bearish market sentiment rather than negative company news, observing that many of its small-cap holdings reported strong first-half results in February. In December 2025, Cyan highlighted ReadCloud's growth across digital eBooks for schools, vocational education content and industry training, particularly in early childhood education. ReadCloud operates in the Information Technology sector within the Software industry, and Thesis Tracker has captured 7 comments from 1 fund manager, Cyan Investment Management. Founded in 2009 and headquartered in Brighton, Melbourne, ReadCloud provides an eLearning platform and digital textbook solutions to secondary schools and operates ReadCloudVET, delivering vocational education and training content.

Market cap: $8m
Price to earnings: Loss-making
Return on equity: -4.2%
Dividend yield: 0.0%
Price to book: 1.05x
Net margin: -13.7%
52-week range: $0.05 to $0.13

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

Questions

Who is investing in ReadCloud Ltd (ASX:RCL)?

Fund managers including Cyan Investment Management have invested in ReadCloud Ltd (ASX:RCL).

What opportunities or catalysts do fund managers highlight for ReadCloud Ltd?

Cyan Investment Management highlights ReadCloud's diversified exposure across school eBooks, vocational education content and workforce training in growth areas such as early childhood education, supported by solid half-year results.

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

Cyan notes ReadCloud's share price is vulnerable to broad negative sentiment toward small-cap stocks, falling sharply without any company-specific news.

What does ReadCloud Ltd (ASX:RCL) do?

ReadCloud Ltd. is an Australian-based digital eLearning provider headquartered in Brighton. Established in 2009 by Lars Peder Lindstrom, the company operates through two primary business segments: eBook Solutions and Vocational Education and Training. The eBook Solutions division delivers digital educational content to secondary schools nationwide, while the Vocational Education and Training segment provides accredited vocational courses. ReadCloud serves the Australian education sector by facilitating digital learning transitions through its integrated platforms.

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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