Navitas

The sharemarket has thrown its weight behind education provider Navitas. The 2011 downturn in student enrolments referred to in Friday Fishing: A Navitas education on 23 Mar 12 (No View – $3.42) has been judged to be temporary. There are now early signs of a recovery in enrolments and, while yet to flow through to profitability, the company’s share price has jumped 54% since last year’s exploratory review. In the 2013 interim results, weakness from the more mature Australian business was offset by strong performances from its fresh-faced Canadian and Singaporean divisions. Start-up losses in the US were also...

The sharemarket has thrown its weight behind education provider Navitas. The 2011 downturn in student enrolments referred to in Friday Fishing: A Navitas education on 23 Mar 12 (No View – $3.42) has been judged to be temporary. There are now early signs of a recovery in enrolments and, while yet to flow through to profitability, the company’s share price has jumped 54% since last year’s exploratory review.

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