More valued added in 2014 since this article in November, 2014 not yet shown in the share price........
Loyalist Group Limited: An Undervalued, Profitable, Small-Cap Canadian Education Play
Nov 28, 2013 9:58 AM | about stocks:
LGLTF
INTRODUCTION
Loyalist Group Limited ("Loyalist" or "the Company") (TSX Venture: LOY) owns and operates private English as a Second Language (NYSE:ESL) schools across Canada, with a focus on Vancouver and Toronto. The Company offers ESL for international students, training programs for teaching ESL (TESL), career training courses, and corporate English for professionals. The Company has commenced a strategic initiative to become the premiere consolidator of independent, privately owned and operated schools, in what is considered to be a large and extremely fragmented market. Substantial revenue and cost synergies can be realized quickly, thus making acquisitions highly accretive to earnings. We believe that Loyalist is in a good position to continue executing its growth strategy given its experienced management team and the economies of scale gained over time.
CANADIAN LANGUAGE TRAINING MARKET
· ESL training is important to both international students and landed immigrants in accelerating their settlement in Canada, and/or their career progression
· Canada is one of the top 5 most popular host countries for international students, and Ontario and British Columbia are the most chosen destinations.
· Languages Canada reported that ~150K students attended its member institutions in 2012, generating ~$592M in tuition revenue and ~$1.9B in annual revenue for the country.
An overwhelming majority of students are from a country where English is not the first language, which creates a large marketplace for Loyalist to pursue:
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