NVT - Navitas Limited

[MrChow]

What's the future of online competitors?

If you're an international student in the future could you find a course online that acquires the same credits to be able to study without the cost of moving country?

 

[barney]

I’m glad my NVT are free carried. There’s just too much risk atm - would have sold up if I were the directors.

Know basically nothing about this one, but if the Directors are recommending a "no deal" …. the first thing I would look at is how much skin in the game the Directors have

Lots of skin …. inclined to trust their judgement as it affects their personal bottom line.

Little skin …. tread carefully ….. Directors notoriously like collecting their pay cheques for as long as possible

 

[System]

On July 8th, 2019, Navitas Limited (NVT) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between NVT and its shareholders in connection with the acquisition of all the issued capital in NVT by BGH Bidco A Pty Ltd.

 

[craft]

Re: NVT - Navitas



They issued 27 Million shares via placement/SPP and 6 Million to SAE vendors all at $3.80. They listed with 346.5 Million shares and now have 375 Million shares – Hardly chronic dilutors.

When one cash cow buys another they aren’t going to have too much trouble paying down the debt. Net interest cover for the last half was 12.3 – Hardly demanding. More like efficient use of a very robust cash flow.

Nothing here for a long term investor to be fussing about. Buy right - hold tight.




Looks like we are in total disagreement twice in the same week. That is one of the most powerful wealth creating business models that you are going to see.

I don’t really have much to add to my previous posts about NVT except for TIME. Lets revisit this in 10 years time. The proof will be in the pudding.

ps. If I was a medium term trader this is still in a down trend despite the last few weeks.

I don’t really have much to add to my previous posts about NVT except for TIME. Lets revisit this in 10 years time. The proof will be in the pudding.

I found a note in my NVT file whilst preparing the SMSF return to revisit this post in April 2022. Unfortunately, NVT has been bought out, facilitated by its founder and a few others. Those guys get to remain holders of the private company. I’m disappointed that the option for other shareholders to buy shares in the private company was removed in the second bid as I believe NVT best days lay ahead. The insiders know it, the market is too impatient and voted for the cash.

Fair to say most people lost interest/faith in NVT as could be seen later in the thread. Personally, I always saw it as a superior business and never saw anything other than business as normal. Business is not always easy and there are periods of consolidation and grind even with good businesses. I accumulated NVT not long after it listed, more during the time of the posts in this thread and more again 2017 & 2018.

I recall being accused of not giving examples when I posted here previously. It’s a bit hard when my investment time frame is longer than everybody is interested in. Any rate lets revisit NVT now it is no longer listed as an example based on the first day, I posted on NVT. (no cherry picking)

Remember the idea is to buy businesses for their cash flow. Buy right, hold tight.

I held NVT in accumulation mode within SMSF so have presented the after-tax cash flows accordingly.

11.5% per annum after tax on that parcel for just buying right and doing nothing else strikes me as an acceptable return and an outperformance of the All ords accumulation index, especially given the risk of buyout prior to full investment potential realisation has occurred.

The best thing about investing for cashflow based on the business performance rather than reacting to price performance is the scalability. 11.5% after tax for 7.5 years turns each 1M into 2.3M Many of the parcels I held, especially the early ones did better and often significantly better than the example detailed. (time is the friend of a good business)


Ps. this is NVT's price chart since listing and is what a business with a sustainable competitive advantage looks like on a long-term chart. Lots of squiggles, as at times it invests for the future and at other times it reaps the benefits of those investments. The short sightedness of the market reacts to the near-term outcomes but long term the business manages to muddle its way on a north-east journey.

Happy journey's - I hope you have all made your fortunes. Times have been great.

 

[Klogg]

I found a note in my NVT file whilst preparing the SMSF return to revisit this post in April 2022. Unfortunately, NVT has been bought out, facilitated by its founder and a few others. Those guys get to remain holders of the private company. I’m disappointed that the option for other shareholders to buy shares in the private company was removed in the second bid as I believe NVT best days lay ahead. The insiders know it, the market is too impatient and voted for the cash.

Fair to say most people lost interest/faith in NVT as could be seen later in the thread. Personally, I always saw it as a superior business and never saw anything other than business as normal. Business is not always easy and there are periods of consolidation and grind even with good businesses. I accumulated NVT not long after it listed, more during the time of the posts in this thread and more again 2017 & 2018.

I recall being accused of not giving examples when I posted here previously. It’s a bit hard when my investment time frame is longer than everybody is interested in. Any rate lets revisit NVT now it is no longer listed as an example based on the first day, I posted on NVT. (no cherry picking)

Remember the idea is to buy businesses for their cash flow. Buy right, hold tight.

I held NVT in accumulation mode within SMSF so have presented the after-tax cash flows accordingly.

View attachment 96493


11.5% per annum after tax on that parcel for just buying right and doing nothing else strikes me as an acceptable return and an outperformance of the All ords accumulation index, especially given the risk of buyout prior to full investment potential realisation has occurred.

The best thing about investing for cashflow based on the business performance rather than reacting to price performance is the scalability. 11.5% after tax for 7.5 years turns each 1M into 2.3M Many of the parcels I held, especially the early ones did better and often significantly better than the example detailed. (time is the friend of a good business)


Ps. this is NVT's price chart since listing and is what a business with a sustainable competitive advantage looks like on a long-term chart. Lots of squiggles, as at times it invests for the future and at other times it reaps the benefits of those investments. The short sightedness of the market reacts to the near-term outcomes but long term the business manages to muddle its way on a north-east journey.

View attachment 96491

Happy journey's - I hope you have all made your fortunes. Times have been great.

Funnily enough, I thought of you @craft when the takeover offer was announced. I gained more understanding than money from this one (roughly 15% CAGR on my small investment), but it's been very useful.

I did think this takeover was a long time in the making, given Rod's move away from NVT and then an offer not long after... I don't think anyone understood the business better than it's founder/CEO, so the buyer knew what they were getting.