Since then NVT dipped a bit (despite very healthy Northern...

Since then NVT dipped a bit (despite very healthy Northern Hemisphere enrolments). Now back up to about $4.80 at the time of writing. I expect Navitas' Southern Hemisphere enrolments (to be announced at the end of the month) to be up by 10%+. The statistics from Austrade for international students show the sector (Higher Education Diplomas) up by 18.3% YOY (to Nov 2014). Quite a bit of that will be into the dodgier providers and from markets with high levels of non-compliance. Navitas generally avoids those student segments. China, a key market for Navitas, is up by 11.8%. This doesn't take into account Jan-March new enrolments. Nor does it take into account domestic students which accounts for a healthy chunk of NVT's business. Overall, things looking quite positive for Navitas and I would expect over 10% growth in student numbers. Not too many businesses are achieving that kind of organic growth in sales. A great business and a good industry to be in.