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NVT - Navitas Limited

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Re: NVT - Navitas

coinemas said:
Interesting to see what is market reaction when NVT issue their result early next week. Previous experience thought us that NVT has been too overly optimistic and SP dive after result is announced.
Click to expand...

Day before 2011 results 3.85 a month later 3.84
Day before 2010 results 4.40 a month later 4.46
Day before 2090 results 2.75 a month later 3.37

And those figures are despite going ex a juicy franked dividend during the month in question

Now CRAFT might be an acronym for Cant. Remember. A. F..... Thing. So maybe that’s the reason I don't remember these SP dives you talk about or possible you have some other agenda – do tell.

Long term picture looks as good as ever to me.

Buy Right [tick]

Hold tight [tick - nothing has changed the long term picture, the market got a little exuberant and corrected that on a pretty minor reality check announcement]

Yawn – back to sleep.
 
Re: NVT - Navitas

AFR street talk this is a Private Equity favorite because of its business model and its exposure to
the top 4 destination for students (US, UK, Australia and Canada) with Australia market is
pretty much saturated but the other three markets still under-develop so they can grow
earning there for many years yet...

they said private equity maybe looking at the book but they concluded that PE need a min of $5 bid to get any attention from shareholder.
 
Re: NVT - Navitas

31/07/2012 financial result out, SP down 5% , it market does not like the earning figures.
 
Re: NVT - Navitas

coinemas said:
31/07/2012 financial result out, SP down 5% , it market does not like the earning figures.
Click to expand...

Very difficult to like a company with PE 20+ but falling EPS in the short term.

Long term I've been wrong about most things so...
 
Re: NVT - Navitas

Private Equity should jump in now while price still cheap, as shareholders wont sell below $5 . might as well buy on the market.
 
Re: NVT - Navitas

coinemas said:
Private Equity should jump in now while price still cheap, as shareholders wont sell below $5 . might as well buy on the market.
Click to expand...

I read somewhere (sorry can't remember where) that you can't actually buy shares on market when you are planning a takeover bid. It's insider trading as you possess the inside knowledge that you yourself are going to launch a takeover bid. Sounds stupid so I can't be sure that it is true.
 
Re: NVT - Navitas


That doesn't sound right to me... I thought that is why the 20% rule is in place. Once you hit 20% you have to launch a bid (or get a special dispensation).
 
Re: NVT - Navitas

skc said:
Very difficult to like a company with PE 20+ but falling EPS in the short term.
Click to expand...
EPS fell because there were long-term investment and set-up costs associated with SAE. These show up in the P & L as increased depreciation. OCF was up against PCP by 6% in comparison. The market is seeing through the decline in EPS still (although, the pigs at the trough will want to be rewarded next year or they will look elsewhere).

The earnings outlook for 2013 looks much better than 2012 ("possibly the toughest year ever for Navitas"). The balance sheet is still strong and there are opportunities galore if you can believe the company and the statistics provided.

I wouldn't trade it short-term obviously.

PS: I still need to have a detailed look at the Annual Report - I've only had a quick look on my lunch break.
 
Re: NVT - Navitas

prawn_86 said:
That doesn't sound right to me... I thought that is why the 20% rule is in place. Once you hit 20% you have to launch a bid (or get a special dispensation).
Click to expand...

I think it depends on the industry regulations too (see the EGP saga) - but this sounds pretty accurate from what I recall.
 
Re: NVT - Navitas

Just had a quick read of the report, no major surprises there. The eventual reduction in the payout ratio to 80% interests me, I would like to see the companies plans for these retained profits.
 
Re: NVT - Navitas

robusta said:
Just had a quick read of the report, no major surprises there. The eventual reduction in the payout ratio to 80% interests me, I would like to see the companies plans for these retained profits.
Click to expand...
They're preserving the franking credits balance - that would be my guess. Offshore income is increasing, so they are not generating as much Asusie tax credits.
 
Re: NVT - Navitas

coinemas said:
Interesting to see what is market reaction when NVT issue their result early next week. Previous experience thought us that NVT has been too overly optimistic and SP dive after result is announced.
Click to expand...

craft said:
Day before 2011 results 3.85 a month later 3.84
Day before 2010 results 4.40 a month later 4.46
Day before 2090 results 2.75 a month later 3.37

And those figures are despite going ex a juicy franked dividend during the month in question.
Click to expand...


Updating for this year.

Day before 2012 results 4.15 a month later 4.28 and in-between gone ex a FF 10 cent div.
 
Re: NVT - Navitas

I haven't been following this one but it is near significant resistance. Look further back on the chart too. If it breaks it could be good.

 
Re: NVT - Navitas

pavilion103 said:
I haven't been following this one but it is near significant resistance. Look further back on the chart too. If it breaks it could be good.

View attachment 49899
Click to expand...

Ascending Triangle with a measured target of old highs? But don’t trust me I’m a fundie.



If a pattern falls on a chart but no one is around to see it does it make a difference?
 
Re: NVT - Navitas

Yeh that's what it looks like. A good result today breaking above. Notice that it broke on very little volume which is interesting. Will watch with interest.
 
Re: NVT - Navitas

One more for buy and hold and dividend keep coming in every 6 months and more every year
 
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