Morningstar recomends holding NVT and gives a fair price at $3.90.
They are a cautious bunch there IMO. They like NVT expansion into the USA and see that this will raise future earnings.
They have said that 35% of NVT's students are from China, 15% from Australia & 5% from India.
They are confident that the recent violent events involving Indian students will not have a major impact on demand.
They say that the concern about the tightening of residency visas will only affect vocational educational providers & students looking to fast track residency & not NVT's services.
A new group is listing on the ASX soon that will provide english courses for overseas students. I don't think it will be poaching NVT's clients. The name of this group eludes me, if anyone knows please post a reply.
re
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