As many of my earlier posts on previous thread have noted... the...

As many of my earlier posts on previous thread have noted... the macro facing NVT is exceptional. Tens of thousands bursting to get into Oz and completing a degree here is often the easiest method.

NVT jumped onto the bandwagon early and got established well before the plethora of newcomers. NVT colleges prepare overseas students for entry into our universities and their course has a 90%+ retention/success rate. Compare this with some colleges who have gone belly-up (think Vocation) or others who have fudged the system and lost their govt accreditation.

NVT has agents all over the globe and work with colleges in USA, UK along with 1 or 2 others. They recently increased their enrollments in Vancouver by 18% but will lose Macquarie next year.

But as manufacturing declines sharply (think Ford, Holden, Toyota) and mining capex plummets (think completion of $140 Billion LNG plants)... it means govt is fretting re how to stop unemployment and the budget deficit from rising.

Service industries offer the best hope and tourism is doing well. But education providers are the best of all as 'tourist' stays for years while buying a degree and living costs. Hence, from 01/07/16 govt has streamlined the student visa process for 'desirable' countries and it will allow more students entry.

NVT is the biggest player and is poised to deal with increase in numbers. Their model allows for the ROE to leap to extraordinary levels and we know how that leverages the share price. I'll give an 'on the ground example in my next post. NVT still a BUY esp below $5.oo imo. Won't last long as new semester starts in July.

The company buyback demonstrates management feel SP is underpriced. Plus they are not shy to pay decent divs to shareholders.