IEL – UBS rates the stock as Buy
IDP Education is highly dependent on international travel but, UBS asserts, the structural thematic is unchanged.
Read MoreIDP Education is highly dependent on international travel but, UBS asserts, the structural thematic is unchanged.
Read MoreSam 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 MoreThe 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 MoreWhile the next 6-9 months will be challenging, UBS assesses the $190m capital raising and incremental debt facilities provide ample flexibility.
Read MoreShares 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 MoreIDP 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 MoreThe 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 MoreFirst half result beat Morgan Stanley’s estimates. Earnings are re-based higher while sales growth assumptions are lifted for FY20 and beyond.
Read MoreDirect competition is limited and highly fragmented so Morgan Stanley believes the company can attain global leadership.
Read MoreDirect competition is limited and highly fragmented so Morgan Stanley believes the company can attain global leadership.
Read MoreMorgan 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 MoreMacquarie reviews modelling assumptions following additional disclosures in the annual report.
Read MoreMacquarie reviews modelling assumptions following additional disclosures in the annual report.
Read MoreIEL Continues To Profit From The International Education Boom
Read MoreIDP 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 MoreFirst half earnings were ahead of Macquarie’s estimates. The beat on headline net profit reflected gross margin improvement and lower depreciation.
Read MoreIDP 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 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