External broker reports(aggregated public sources), Taylor Collison

Taylor Collison

Taylor Collison is a leading financial services firm, providing advice & wealth creation strategies to private & institutional investors and corporate clients throughout Australia. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li><span data-sheets-root="1" data-sheets-value='{"1":2,"2":"Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below."}' data-sheets-userformat='{"2":33281,"3":{"1":0},"12":0,"18":1}'>Acknowledging this result was largely transitional, we believe 3PL is in a strong position to capitalise on the opportunities that lie ahead, with all key strategies now in place. </li><li><span data-sheets-root="1" data-sheets-value='{"1":2,"2":"Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below."}' data-sheets-userformat='{"2":33281,"3":{"1":0},"12":0,"18":1}'>The re-acquisition of Reading Eggs US schools’ distribution rights in 1H24 means 3PL owns distribution of all products globally and allows management to focus on the lucrative US schools market. </li><li><span data-sheets-root="1" data-sheets-value='{"1":2,"2":"Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below."}' data-sheets-userformat='{"2":33281,"3":{"1":0},"12":0,"18":1}'>We continue to monitor for definitive signs that 3PL’s rebuilt product suite is gaining traction over the short- term (management has stated the goal to achieve double digit B2B billings growth in all key markets from FY25). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Acknowledging this result was largely transitional, we believe 3PL is in a strong position to capitalise on the opportunities that lie ahead, with all key strategies now in place. The re-acquisition of Reading Eggs US schools’ distribution rights in 1H24 means 3PL owns distribution of all products globally and allows management to focus on the lucrative US schools market. We continue to monitor for definitive signs that 3PL’s rebuilt product suite is gaining traction over the short- term (management has stated the goal to achieve double digit B2B billings growth in all key markets from FY25). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

3P Learning Limited (3PL) - 1H24 Result – Margin Expansion on the Horizon