Raffles Education *Official* (SGX: NR7)

nivlekoh

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Hey guys,

Do anyone think Raffles Education is a dead stock? Been holding that one for quite some time and after the consolidation, have yet to see any positive outcome from it as of yet.

By the way, I'd spent some months building a community investment tool (sticks-stocks.com) which I thought might be useful to us all. Currently building to improve and hoping to get some feedback from you guys!

Cheers
 

kebinu

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The stock rose after shares consolidation! That was the time to get rid of it. It's a downtrending stock with occasional spike up in price with volume.
 

tt32003

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Raffles Education

What happened in the last 15 minutes of trading today ?

Went up 3.5 cents ie up 12% in 15 minutes in low volume.

No any special news apart from approval granted for listing of their subsidiary in HK but that was like out before today.

Anyone vested ?
 

felixleong

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Raffles Education gets Hong Kong nod for spin-off
By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT
26 Dec 4:32 PM

PRIVATE education provider Raffles Education Corp said on Friday that it has obtained an in-principle approval from the Stock Exchange of Hong Kong (SEHK) for the proposed listing of its subsidiary Oriental University City Holdings (HK) on the Growth Enterprise Market (GEM) board. This follows a no-objection letter from the Singapore Exchange earlier this month...
What happened in the last 15 minutes of trading today ?

Went up 3.5 cents ie up 12% in 15 minutes in low volume.

No any special news apart from approval granted for listing of their subsidiary in HK but that was like out before today.

Anyone vested ?
 

lolita_5

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lol this stock only had its first transaction today at 445pm, 300 + lots transacted bid price
 

tt32003

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Like 0.375 is a celling ?

Retraced from that today.

Let's see anymore upside next 2 days or not.
 

Erwinlow

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What's with this stock? The amount of shares they've bought back in the last 2 weeks is quite substantial almost every other day but yet the price still maintain. Hyflux can do share buyback from 78 cents until 92
 

winorlose

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Speculators going in but can't hold over the last few sessions. 9th day since peak at 0.37
 

Keverus

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What's with this stock? The amount of shares they've bought back in the last 2 weeks is quite substantial almost every other day but yet the price still maintain. Hyflux can do share buyback from 78 cents until 92

very interesting.....

:s13:
 

RafflesFeedback

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Raffles Education Corporation Limited’s response to Terence Seet's online article

Dear Netizens

Raffles Education Corporation Limited’s response to the online article titled “Director at Raffles Education Corp Holds Fake Degrees” on allsingaporestuff.com (20 April 2015 at 9.25pm).

We would like to highlight that Mr Terence Seet, a Singapore citizen, was employed by us from 5 July 2010 to 18 September 2013 as a College Director with Educomp-Raffles Higher Education Limited in Chennai, a joint venture between Educomp Solutions Limited and Raffles Education Corporation Limited. He did not hold any teaching position.

At the time of Terence’s application for employment as College Director, we had in good faith relied on his purported qualifications and especially his 16 years of relevant working experience, and two supporting references from his previous reputable employers.

We had initiated an investigation to validate Terence’s qualifications after he addressed himself with a professional title of “Dr.” when dealing with people outside of our organisation. The investigation revealed that Terence’s doctorate was from a degree mill. In consequence thereof, Terence was asked to resign with immediate effect in September 2013 and which act is in conformity with the established practice of our company.

We take a serious view of this case. Further, the qualifications, suitability and integrity of all our staff (whether academic or administrative) are of critical importance to us. The fact of the matter is we were the one who had found out that Terence’s qualifications were not genuine and had immediately taken action on the matter the moment the truth was established.

Yours sincerely,
Angela Tan
Corporate Communications
Raffles Education Corporation Limited
[T] + 65 6338 5288
 

Perisher

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Dear Netizens

Raffles Education Corporation Limited’s response to the online article titled “Director at Raffles Education Corp Holds Fake Degrees” on allsingaporestuff.com (20 April 2015 at 9.25pm).

We would like to highlight that Mr Terence Seet, a Singapore citizen, was employed by us from 5 July 2010 to 18 September 2013 as a College Director with Educomp-Raffles Higher Education Limited in Chennai, a joint venture between Educomp Solutions Limited and Raffles Education Corporation Limited. He did not hold any teaching position.

At the time of Terence’s application for employment as College Director, we had in good faith relied on his purported qualifications and especially his 16 years of relevant working experience, and two supporting references from his previous reputable employers.

We had initiated an investigation to validate Terence’s qualifications after he addressed himself with a professional title of “Dr.” when dealing with people outside of our organisation. The investigation revealed that Terence’s doctorate was from a degree mill. In consequence thereof, Terence was asked to resign with immediate effect in September 2013 and which act is in conformity with the established practice of our company.

We take a serious view of this case. Further, the qualifications, suitability and integrity of all our staff (whether academic or administrative) are of critical importance to us. The fact of the matter is we were the one who had found out that Terence’s qualifications were not genuine and had immediately taken action on the matter the moment the truth was established.

Yours sincerely,
Angela Tan
Corporate Communications
Raffles Education Corporation Limited
[T] + 65 6338 5288

Well, the lastest update is

This site had a video posted 3 months ago which referred to him as Terence Seet, Director, Raffles Millennium International, Chennai: http://phpswiki.com/web_designing_i...f_13___Internship_in_companies__to_gi/936188/

So what is Raffles Millenium International? And how come he is still a Director?

http://forums.hardwarezone.com.sg/e...es-education-ltd-5030069-16.html#post93362786

So is he still hired with related company or?
 

Perisher

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Just a quick note, at least Raffles Edu sacked the person upon discovery... Can't say the same about I** which defended the employee...
 

winorlose

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my luck has been fairly good with RE.. never lost on any trade with RE before..

however i removed it out of my watchlist already since 4mths ago after my last profittable contra with RE.

Not interested in it that much anymore..seems like chew chew lost touch liao
 

Perisher

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Haha, nearly tio shock... thought it's RMG
 
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