LONDON, July 6, 2026, 21:07 BST
- Fairview’s quoted price rose 0.50p, or 6.9%, to 7.75p; Hargreaves Lansdown showed a 7.25p sell quote and 8.25p buy quote after the London session.
- Investing.com showed no reported volume and a three-month average volume of 5,000 shares, worth about £390 at the 7.75p quote.
- The stock is still 22.5% below the 10p issue price set at admission, based on the latest quoted price.
- Fairview entered 2026 with 723 pupils against stated capacity of 2,250 across Kuala Lumpur and Johor Bahru.
Fairview International PLC (LON:FIL) rose on Monday, but the move said more about scarcity than fresh news. The shares were shown at 7.75p, up 0.50p, or 6.9%, on Investing.com and MarketScreener, while Hargreaves Lansdown showed a 7.25p sell quote and 8.25p buy quote, a 1p spread equal to about 12.9% of the mid price.
That spread matters. Hargreaves Lansdown showed no volume in its key metrics, Investing.com also showed volume as “-”, and the latter put three-month average volume at 5,000 shares. At Monday’s 7.75p quote, that average day is less than £400 of stock. HL
The thin tape has a root in the float. Fairview’s 2024 prospectus said the company would have 556 million shares at admission, with 56 million in public hands, just over 10%. It also said 26.5 million new shares were issued at 10p, raising gross proceeds of £2.65 million.
There was no obvious new company catalyst on Monday. MarketScreener’s news list showed the latest Fairview items as the March 12 half-year results and related reports, with no later RNS-style item on that page.
The last formal numbers gave the stock a cleaner investment case than the tape. Fairview reported H1 FY2026 revenue up 7.1% to £2.98 million, statutory profit before tax up 121.8% to £1.22 million and profit after tax up 257.7% to £0.93 million. EPS was 0.16p.
Chairman Daniel Chian said the “increase in enrolments and applications is particularly encouraging” and said he expected “momentum to continue” ahead of the FY26/27 academic year. FinancialFilings
Stockopedia said it could not find analyst target price data for Fairview and showed no consensus recommendation. The table below uses a straight H1 run-rate, not company guidance or a broker forecast.
| Measure | FY2025 reported | H1 FY2026 run-rate forecast | Investor read |
|---|---|---|---|
| Revenue | £5.34 mln | £5.96 mln | About 11.6% above FY2025 |
| Statutory profit before tax | £1.30 mln | £2.43 mln | Boosted by absence of IPO/reorganisation costs in H1 |
| Profit after tax | £0.75 mln | £1.86 mln | Implied market cap/PAT near 23x at £43.09 mln |
| EPS | 0.13p | 0.32p | Price/run-rate EPS near 24x at 7.75p |
Reuters calculations annualise H1 FY2026. Inputs are from Fairview’s March 12 interim results and Hargreaves Lansdown’s quoted market value.
The bigger valuation swing is in classroom capacity. Fairview said its Kuala Lumpur campus can take 1,500 students and Johor Bahru 750, while the group had 723 students at the start of 2026. That puts occupancy near 32%, leaving about 1,527 spare places.
| Capacity scenario | Students | Occupancy | Revenue forecast using H1 revenue/student | EV/sales using £53.8 mln EV |
|---|---|---|---|---|
| Current H1 run-rate | 723 | 32.1% | £6.0 mln | 9.0x |
| Half full | 1,125 | 50.0% | £9.3 mln | 5.8x |
| Two-thirds full | 1,500 | 66.7% | £12.4 mln | 4.3x |
| Full capacity | 2,250 | 100.0% | £18.6 mln | 2.9x |
Not a company forecast. It applies H1 annualised revenue per student to possible enrolment levels.
Reuters calculation: £43.09 million market value plus £10.7 million bank debt net of cash, based on the quoted price and H1 balance sheet.
Fairview said in March that no significant fixed-asset purchases were made in H1 and that both schools were operating at around one third of maximum student capacity. That is why Monday’s price rise is less important than the next pupil count, fee yield and cash line.
