DAVY VIEW

VR Education Holdings’ (VRE) interim results provide a strong basis for future growth. The opportunities presented from en masse remote working and educating allowed the group’s higher margin ENGAGE product to gain significant traction in the first six months of the year. ENGAGE has proved remarkably flexible through its capacity to adapt to consumer needs (facilitating virtual conferences), while the HTC investment and partnership validated the product’s competence. Post period-end, commercial deals alongside ENGAGE’s anticipated release into China (expected in Q4) bolster our FY 2020 growth outlook and VRE’s future earnings potential.