Screaming buy if your a believer at all.
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.
That was 10 July 2014.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.
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.
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.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.
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.
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.
`(7th March 2017) Screaming buy if your a believer at all.
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.
Brave! It values it higher than my valuation!
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