Kip Mcgrath Education Centre – Corporate News Update
Market Performance
- Current trading price: AUD 0.70 (as of 03:32 PM Central Europe, Friday 23 Nov 2026).
- Price change: -0.72 % over the past 24 hours.
- Shares outstanding: 52.5 million.
- Market capitalisation: AUD 24.7 million.
- 24‑hour trading volume: approximately AUD 5 000.
- Month‑end performance (since 23 Oct 2026): down 6.76 %.
- 200‑day simple moving average: AUD 0.59.
- 52‑week high: AUD 0.76 (recorded 16 Sep 2026).
- 52‑week low: AUD 0.41 (recorded 22 Jun 2026).
Takeover Bid
Crimson Consulting Australia Pty Ltd has submitted an off‑market takeover offer for all shares in Kip McGrath Education Centres Limited, in accordance with the Corporations Act.
| Item | Detail |
|---|---|
| Offer price | AUD 0.75 per share (after any dividend reduction). |
| Offer period | Open until 7:00 pm Melbourne time, 4 Nov 2026. |
| Settlement | Payment to accepting shareholders will occur within ten business days after acceptance or by 12 Oct 2026, whichever is later. |
| Shareholder acceptance | Online, via personalised acceptance form, or through the controlling participant. |
| Corporate action | Kip McGrath directors have withdrawn prior recommendations and encourage shareholders to accept the offer in the absence of a superior proposal. |
Related Stock Performance (Last 24 Hours)
| Symbol | Price | % Change | Market Capitalisation |
|---|---|---|---|
| Jindalee Lithium (JLL.AX) | AUD 0.32 | -1.49 % | AUD 28.6 million |
| Control Bionics (CBL.AX) | AUD 0.06 | 0 % | AUD 29.3 million |
| Nexus Minerals (NXM.AX) | AUD 0.04 | -2.44 % | AUD 28.9 million |
| European Metals (E861.F) | AUD 0.12 | 0 % | AUD 28.5 million |
| Dusk (DSK.AX) | AUD 0.69 | +0.72 % | AUD 29.3 million |
| Dusk (DSK.AX) P/E ratio | 8.22 |
Company Profile
Kip McGrath Education Centres Ltd. is a franchiser that operates tutoring centres for children aged 6 to 16. Services include tutoring in mathematics, reading, spelling, and English. The company’s website is accessible at www.kipmcgrath.com.au . Kip McGrath is listed on the ASX All Markets stock exchange.