High quality business, but the recent share price increase (from $13 to $19) was unwarranted and the market priced in a recovery.
I suspect the market is preempting the Government allowing students into the country for study purposes only, as the Universities will pressure the Government.
However, IDP has not provided guidance on enrolments and the share price is $20.
It's really a gamble at this point, do you see the Government allowing students to Australia to study (share price will rocket) - if so buy it... otherwise, do you see the Government not allowing student's into Australia (share price will plummet) - if so don't buy/sell.
IEL Price at posting:
$19.37 Sentiment: Hold Disclosure: Held
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