No surprise to see the strong result posted by NVT today. The demand from Asian students to educate themselves in Western countries remains relentless. Revenue, margins, profits and divs all increased and debt decreased. Underlying EBITDA rose 16%.
Mkt only been open 20 mins but seems to like the result with SP up 10.6%. Just like CCP last week there are stks that can 'surprise' Mr Mkt.
Strong macro provides for sustainable earnings into FY17 and beyond.
Be great to hear from other holders.
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