NVT - Navitas Limited

[Muschu]

Screaming buy if your a believer at all.

Could easily be more contract losses on the way.... Universities may be investigating doing this recruiting themselves, or through agents, and not have to give away profits to Navitas... The number of recruitment agencies is growing exponentially... And based almost everywhere.

I could easily be wrong and have been before. This is a stock I have watched since it opened and frequently held - until 2 or 3 years ago.

 

[JTLP]

Navitas has been showing a little strength lately, not sure why really? Maybe a few contracts signed / resigned.

 

[galumay]

I think NVT is slowly closing the gap between price and fair value, its been a bumpy ride for the last couple of years, but the structural advantages and strengths of the business largely remain intact.

 

[JTLP]

I think NVT is slowly closing the gap between price and fair value, its been a bumpy ride for the last couple of years, but the structural advantages and strengths of the business largely remain intact.

I agree. So long as they can add more/maintain universities and continue to bring in students (education isn't cyclical right?) they should do ok.

 

[Faramir]

Re: NVT - Navitas

I listened to the audio and it convinced me to buy Navitas. Got 400 shares at $5.05. I was not going to sit around wait for it to drop or rise. There were more buyers than sellers (around 1:10pm), so I said I better bite the bullet and take market price. Today's range has been $5.01-$5.16 (at 1:38pm). I guess that there would be a morning 'rush' and the volumes indicate it.

It is my fourth set of shares I own.

That was 10 July 2014.

Just sold my 425 shares at $5.15. 25 shares came from DRP. Why did I sell?

1): I am desperate for money. My partner is not working due to health problems. She was retrench Aug 2016. She commenced Breast Cancer radiation treatment that month. Then she developed a knee problem Feb this year. Now a knee operation 2 weeks ago and her knee is better. Now she has another problem. So saving money is extremely hard.
2): Did a very simple calculation early this year: Debt/Equity and Current Asset/Current Liabilities. Those numbers suck. Current values are even worse than 2016 annual report numbers. Either something changed or I was dumb to choose this stock back in 2014.
3): Now I own 8 stocks. Once I own 10. The biotech spec was virtually a total write off. Jan this year, I said I would sell NVT at break even point. I know "hoping" is a really BAD strategy but I just waited 10 months for NVT to break even. I know NVT is on the upward trend but I have no more patience. I need money now and NVT is not one of my better companies I own.
4): Rod Jones mesmerised me. Maybe his replacement will be a better CEO?? Since I was so busy, I did not monitor NVT 'simple things'. Actually, I think I monitor virtually nothing due the stress of this year and last year. I need to own less stocks.
5) I still like what NVT does. I really like NVT. I like its business. I am just struggling to understand stocks I own, so NVT - you had to go. Maybe I will buy NVT again but I can not see that happening in the near future.

NVT is on the upward trend and recent news from NVT - I have been sort of happy with. I felt that I failed with NVT. Either I sold too soon or I should have sold at 2016 highs. At that time, yeah upward trend, lets take someone to hospital - I can forget about NVT for now.

I cannot think rationally. I will appreciate advice or "you should of done this" but at this point of time - I won't care. I will thank you later once I can collect my thoughts.

 

[luutzu]

That was 10 July 2014.

Just sold my 425 shares at $5.15. 25 shares came from DRP. Why did I sell?

1): I am desperate for money. My partner is not working due to health problems. She was retrench Aug 2016. She commenced Breast Cancer radiation treatment that month. Then she developed a knee problem Feb this year. Now a knee operation 2 weeks ago and her knee is better. Now she has another problem. So saving money is extremely hard.
2): Did a very simple calculation early this year: Debt/Equity and Current Asset/Current Liabilities. Those numbers suck. Current values are even worse than 2016 annual report numbers. Either something changed or I was dumb to choose this stock back in 2014.
3): Now I own 8 stocks. Once I own 10. The biotech spec was virtually a total write off. Jan this year, I said I would sell NVT at break even point. I know "hoping" is a really BAD strategy but I just waited 10 months for NVT to break even. I know NVT is on the upward trend but I have no more patience. I need money now and NVT is not one of my better companies I own.
4): Rod Jones mesmerised me. Maybe his replacement will be a better CEO?? Since I was so busy, I did not monitor NVT 'simple things'. Actually, I think I monitor virtually nothing due the stress of this year and last year. I need to own less stocks.
5) I still like what NVT does. I really like NVT. I like its business. I am just struggling to understand stocks I own, so NVT - you had to go. Maybe I will buy NVT again but I can not see that happening in the near future.

NVT is on the upward trend and recent news from NVT - I have been sort of happy with. I felt that I failed with NVT. Either I sold too soon or I should have sold at 2016 highs. At that time, yeah upward trend, lets take someone to hospital - I can forget about NVT for now.

I cannot think rationally. I will appreciate advice or "you should of done this" but at this point of time - I won't care. I will thank you later once I can collect my thoughts.

Sorry to hear about your partner man. Hope treatment and medical care goes well.

Being with your partner at these times are more important, not that you need that kind of advise. Stocks and money can wait.

Maybe look into Sirtex. It mainly treats Liver cancer, getting into colon/kidney soon if not already. Might serve both purposes.

 

[luutzu]

I agree. So long as they can add more/maintain universities and continue to bring in students (education isn't cyclical right?) they should do ok.

It could be cyclical. I don't have the facts and figures but read some analyst before saying that education business does better when the economy is tough.

Doesn't make sense but maybe it's true. People getting laid off and need to upskill or learn to move into another area?

Though international student numbers would likely go down during economic busts.

 

[Wysiwyg]

Also sorry for your partner. If it helps, I also had family grief earlier this year and I am sure you will find the human spirit that keeps us moving beyond what circumstance life hands us.

 

[Faramir]

Being with your partner at these times are more important, not that you need that kind of advise. Stocks and money can wait.

Maybe look into Sirtex. It mainly treats Liver cancer, getting into colon/kidney soon if not already. Might serve both purposes.

Thanks luutzu. I brought Sirtex March 2015 and Jan 2017. If I buy more, I will over weight in it. Not sure what to do with ex-NVT funds other than cover 1 or 2 expenses. Then maybe top up a stock I already own.

 

[luutzu]

Thanks luutzu. I brought Sirtex March 2015 and Jan 2017. If I buy more, I will over weight in it. Not sure what to do with ex-NVT funds other than cover 1 or 2 expenses. Then maybe top up a stock I already own.

If you ask me, those entry are quite reasonable prices. Though I got a bit luckier but I'd pay $16 to $20 if I heard of it before that... then have the nice feeling of watching it go to $10.50 at one point.

Yea I don't know where to put my money either. Been hoping for a correction but yea, the market tend to wait for me to be empty than crash.

 

[McLovin]

Sorry to hear about your partner, Faramir. I hope she makes a quick recovery.

 

[VSntchr]

Nice sale Faramir..
Another year of "one-offs" for NVT will further suppress the share price, looks like you got out at the best time given your situation!
Hope your partner is doing better.

 

[galumay]

I think NVT is slowly closing the gap between price and fair value, its been a bumpy ride for the last couple of years, but the structural advantages and strengths of the business largely remain intact.

I got this totally wrong, fell for the narrative without understanding the business fudamentals. Luckily I got out last year without too much damage, and a lesson about business analysis!

 

[Faramir]

43z3h0vlbzv9qj.pdf

Takeover offer. $5.50 at around 3pm. Up from $4.25 opening price. Looks like I didn't have the patience to hold on for another 11 months. Well, I needed money desperately and things were not looking crash hot for Navitas.

AustralianSuper must see something of value that I can not see.

 

[JTLP]

43z3h0vlbzv9qj.pdf

Takeover offer. $5.50 at around 3pm. Up from $4.25 opening price. Looks like I didn't have the patience to hold on for another 11 months. Well, I needed money desperately and things were not looking crash hot for Navitas.

AustralianSuper must see something of value that I can not see.

The founder is part of the bid too. Maybe sees better efficiencies?

 

[So_Cynical]

(7th March 2017) Screaming buy if your a believer at all.

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Nailed that bottom, i would be selling into this as well.

 

[fiftyeight]

Re: NVT - Navitas

NVT is on the periphery of Vocational education - just cooling their heels.

If you go to about the 3 Hour 5 Minute mark there is a interesting answer to a question regarding the VET sector. If you want to know what quality and ethics in education and looks like and you have three hours to spare you could watch from the start.

http://edge.media-server.com/m/p/2nj6h35o

ps

Buying quality is boring compared to the swings in this sector lately but if you are looking for a passive long term investment there is no substitution for quality.

For mine (a very long term view) - Association with VET sector, Macquairie contract loss and Various governments around the world playing around with visa entry requirements has produced a good environment for accumulating more NVT.

First post from Craft in sometime coinsides with a buy out of NVT.

Maybe Craft can share some thoughts on recent events?

 

[greggles]

Navitas has spurned a $1.4 billion takeover offer from its co-founder and local private equity firm BGH, saying it undervalues the company.

https://www.news.com.au/finance/bus...d/news-story/7b7c0cb93c4c3d8eb9ac0b7cc1fe111d

 

[galumay]

Brave! It values it higher than my valuation!

 

[JTLP]

Brave! It values it higher than my valuation!

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