Insights

Here’s why the Janison (ASX:JAN) share price is rocketing 20% today

The Janison Education Group Ltd (ASX:JAN) share price is rocketing higher on Wednesday. Here’s why it is up 20% to a record high…
The post Here’s why the Janison (ASX:JAN) share price is rocketing 20% today appeared first on The Motley Fool Australia. –

rocketing asx share price represented by man riding golden dollar sign speeding through clouds

The Janison Education Group Ltd (ASX: JAN) share price has been a very strong performer on Wednesday.

In morning trade, the educational technology company’s shares are rocketing 20% to a record high of 71 cents.

When the Janison share price hit that level, it meant it had doubled in value over the last 12 months.

Why is the Janison share price at a record high?

The catalyst for today’s strong gain has been the release of an announcement this morning.

According to the release, Janison has been accredited by the Organisation for Economic Cooperation and Development (OECD) as sole provider in Australia of the PISA for Schools assessment. This is known as the gold standard in the measurement of student learning, underpinned by the PISA-based scales.

Management believes this further strengthens Janison’s market leader position within Australia for school assessments.

The release explains that the OECD has accredited Janison in Australia for the next two years.

Janison’s CEO, David Caspari, appeared to be delighted with the development.

He commented: “The board and management of Janison are extremely honoured to be partnering with the OECD in the roll-out of such an incredibly well-regarded assessment and benchmarking tool – the only test of its kind in the world.”

“For us, this is our mission – to be a global force for good by powering best-in-class educational assessments with passion and purpose. I congratulate the Janison team for working seamlessly with the OECD’s team to bring us to today when we are launching in yet another country – our home country of Australia,” added Mr Caspari.

What now?

Janison expects the roll out for PISA for Schools in Australia to begin in New South Wales. Positively, it has strong indications from a large number of government and independent schools wishing to participate in the program. Tests are expected to start in April this year.

After which, management anticipates further demand from schools and state jurisdictions across Australia once the broader sales and marketing program commences this week.

Market opportunity

Once rolled out, schools choosing to undertake the assessment each year will be charged $7,000 per annum.

Management notes that there are approximately 2,700 secondary and combined schools in Australia. From these, ~50% are existing Janison ICAS customers.

This means that the total addressable market size in Australia is approximately $19 million. Furthermore, if it can convert just its existing ICAS customers, it will generate approximately $10 million in revenue.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Janison Education Group Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Here’s why the Janison (ASX:JAN) share price is rocketing 20% today appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!