IEL – UBS rates the stock as Buy
IDP Education is highly dependent on international travel but, UBS asserts, the structural thematic is unchanged.
Read MoreTag: IEL
Where Are The Opportunities In Australian Small-Caps?
Sam Twidale, Portfolio Manager for the DNR Capital Australian Emerging Companies Fund, explains why he believes recent volatility in equity markets has provided some excellent opportunities in the smaller cap sector.
Read MoreIEL – Macquarie rates the stock as Outperform
The broker has reviewed its position on IDP Education post equity raising, envisiging a three-stage recovery beginning with localised lockdowns and travel restrictions extending lower volumes, followed by lockdowns easing but travel restrictions lagging in FY21, and finally normalisation in FY22 with IDP taking market share.
Read MoreIEL – UBS rates the stock as Upgrade to Buy from Sell
While the next 6-9 months will be challenging, UBS assesses the $190m capital raising and incremental debt facilities provide ample flexibility.
Read MoreKathmandu, IDP Education Raisings Well Supported By Investors
Shares in IDP Education surged more than 20% yesterday after the struggling group raised a lot more money than originally planned. Kathmandu has also completed the institutional component of its deeply discounted $200 million capital raise, raising gross proceeds of around $NZ154 million ($150 million).
Read MoreIEL – Morgans rates the stock as Upgrade to Add from Hold
IDP Education was travelling along fine at the beginning of the year before the wheels fell off in March, a trading update revealed. This has prompted a $240m capital raising and debt refinancing. Morgans has cut earnings per share forecast by over -40% and does not expect a full recovery until FY22.
Read MoreIn Any Language, English Testing Is A Lucrative Market
The federal government may have succeeded in cleaning up the woeful private vocational education sector, but now faces a fresh issue in its quest to protect the $35 billion foreign student trade.
Read MoreIEL – Morgan Stanley rates the stock as Overweight
First half result beat Morgan Stanley’s estimates. Earnings are re-based higher while sales growth assumptions are lifted for FY20 and beyond.
Read MoreIEL – Morgan Stanley rates as Overweight
Direct competition is limited and highly fragmented so Morgan Stanley believes the company can attain global leadership.
Read MoreIEL – Morgan Stanley rates the stock as Overweight
Direct competition is limited and highly fragmented so Morgan Stanley believes the company can attain global leadership.
Read MoreIEL – Morgan Stanley rates the stock as Overweight
Morgan Stanley expects the the company to deliver a strong first half, with earnings certainty underpinned by strong student visa data. IDP continues to be the broker’s preference, notwithstanding it is trading on a higher multiple because of a faster growth trajectory versus Navitas ((NVT)).
Read MoreIEL – Macquarie rates the stock as Outperform
Macquarie reviews modelling assumptions following additional disclosures in the annual report.
Read MoreIEL – Macquarie rates the stock as Outperform
Macquarie reviews modelling assumptions following additional disclosures in the annual report.
Read MoreIEL & The International Education Boom
IEL Continues To Profit From The International Education Boom
Read MoreIDP Capitalises On Global Demand For A Good Education
IDP Education (ASX:IEL) is a provider of international student placement and English language testing services. It also owns English language schools in South East Asia and organises educational events and conferences. IDP’s strong result for the six months to December 2016 saw a spike in its share price, and confirmed our faith in this high quality business.
Read MoreIEL – Macquarie rates the stock as Outperform
First half earnings were ahead of Macquarie’s estimates. The beat on headline net profit reflected gross margin improvement and lower depreciation.
Read MoreIEL – Macquarie rates the stock as Outperform
IDP has acquired UK-based digital marketing and online student recruitment company Hotcourses, which is basically a global uni/college comparison site. The deal complements IDP’s student placement division and accelerates digital engagement strategies, the broker suggests.
Read MoreIDP Leveraging the Growth In Demand For Education
IDP Education listed on the ASX under the stock code IEL in the latter part of last year. Education Australia, which comprises 38 Australian Universities owns 50 per cent of IDP, and has agreed to escrow this shareholding until the release of the FY 2016 results in August.
Read More