Posts Tagged ‘Education’

ASX Company News: Site Group To Provide Training To Monark Foundation

Friday, January 13th, 2012

The Directors of Site Group International (SIT) are pleased to announce the execution of a training agreement with Monark Foundation Institute (MFI), part of the Monark Group. The agreement with Monark Group, the official suppliers of Caterpillar equipment in the Philippines, will greatly enhance the heavy diesel training capability of Site for their clients. The training agreement provides that Monark will supply Caterpillar diagnostic equipment and heavy machinery for use by Site in the provision of accredited training. In return Site will renovate several buildings for use by Monark. Monark and Site will jointly commission a pilot marketing program to test market demand for these training facilities.

The Training Agreement details services and investment which will form part of the agreement between Site and MFI for the provision of Heavy Diesel skills training. Site Group International:  30,000m2 expandable area for use -  6-8 bay undercover workshop area; Workshop hard stand area – Expandable hard stand area for rental equipment; Five fully renovated buildings that can be utilised for specialised component; Trainee accommodation, meals and repair, diagnostic, training and/or facility use; Training project management; Training personnel available for training, live diagnostic Marketing and workforce planning testing and operator training; Separate entrances for rental and training equipment.

Commenting on the agreement, Site Group Chairman Vernon Wills said: “This training agreement signed with Monark significantly enhances the capability of Site to deliver offshore training for skilled individuals on behalf of clients.” “Our objective is to ensure industries in Australia and Asia have the capacity to train sufficient numbers of trade specialists, required for a growing number of resource projects, where necessary skilled labour is desperately needed.” “This partnership is a milestone move by Monark and Site to provide heavy equipment users with a continual supply of skilled trades technicians in line with their long term workforce planning requirements.”

Monark Equipment Corporation is the Caterpillar dealer for the Philippines, principally involved in Sales and Repair of Caterpillar Equipment and is located throughout the Philippines The Monark Foundation Institute is a non-profit organisation that serves as the training arm of the dealership which trains selected candidates in the servicing and repair of CAT equipment. Monark Foundation also trains in technical, behavioural, and operator usage.

Site Group International (SIT) delivers employee tailored, non-accredited and Australian accredited vocational education and training with workforce planning solutions. Vocational training is delivered through dedicated facilities in the Philippines (Clark Education City) and in Adelaide (Site Academy). Workforce planning solutions are delivered by Site WorkReady – the recruitment

leg of the Site Group of companies. Site up-skills and trains industry experienced candidates in the Mining & processing, oil & gas, construction, camp services, hospitality and logistic sectors before placing them with the appropriate employer groups. Qualification delivered include welding and boiler makers, heavy diesel fitters, auto-mechanical and air conditioning split-systems technicians aged care and caretakers, commercial cookery, sou and patisserie chefs, front of house service givers and back of house maintenance staff.

www.sitegroupinternational.com

http://www.traderdealer.com.au/Fundamentals/sit

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ASX Company News: Site Group International Acquires Sun Coast Training and Accreditation

Friday, November 18th, 2011

The Directors of Site Group International (SIT) are pleased to announce the completion of the acquisition of Sun Coast Training and Accreditation. Sun Coast is a profitable, fully operational, Registered Training Organisation based in South East Queensland which has a scope of fifty four items consisting of twenty two qualifications and six accredited courses which have twenty six units attached to them and has recently added scope for the mining and horticulture areas. Sun Coast is equipped as a ‘one stop shop’ training facility, complete with earthmoving machines, scaffolding and a Potain 14B Self-Erecting Tower Crane. Site holds an RTO licence in its own right through Site Education Australia and via the acquisition of Sun Coast, will be applying for additional scope through its fully owned subsidiary Site Skills Group Pty Ltd. Site intends to use this acquisition as the basis to extend its capacity as a full suite provider of training and workforce planning solutions.

The business has been acquired for $1,000,000 and 500,000 Site shares which will be issued at market price. The acquisition includes $400,000 in assets which facilitate the training and operation of the business. Speaking on the acquisition, Executive Chairman Vern Wills stated “this key acquisition falls in line with our greater long-term business strategy to increase our scope so to be able to offer a wide range of assessment, training and up-skilling. This will allow Site to service skills shortage areas in the mining processing, oil & gas, construction, camp services, logistics and hospitality sectors for projects in Australia and around the world.”

Founded in 2006, Sun Coast Training and Accreditation was one of the first RTOs in Queensland licensed to deliver a variety of courses including Dogging, Load shifting, Rigging, Scaffolding and Self Erecting Tower Crane as well as the full range of Cranes with National Licensing outcomes. Works Manager at various Queensland Shire Councils. His experience extends to work on multiple civil projects landing him with numerous industry and government contacts. Site Group International (SIT) accredited and non-accredited training programs tailored to employer needs.. Vocational training is delivered through high quality facilities in the Philippines (Clark Education City) and in Australia (Site Skills Group and Site Academy). Site assesses and up-skills and trains industry experienced candidates in the Mining & processing, oil & gas, construction, camp services, hospitality and logistic sectors before placing them with the appropriate employer groups. Some qualifications delivered include; welding and boiler making, heavy diesel fitters, auto-mechanical and air conditioning split-systems technicians.

www.sitegroupinternational.com

http://www.traderdealer.com.au/fundamentals/sit

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ASX Company News: Site Group International To Provide Welding Training

Tuesday, August 9th, 2011

Site Group International (SIT) is pleased to announce it has entered into a services agreement with TWISEA for the provision of specialist welding, NDT (non-destructive testing) training and certification services. This agreement provides Site with additional scope in training, up-skilling and providing certification. Of key significance to Site, under this agreement Site will gain important scope and expertise in providing Welding training. Under the agreement Site and TWI will jointly provide TWI product through Site’s training facilities.

Chairman of Site Group International, Vern Wills stated “Combining TWI’s industry leading courses and certification and Site’s capacity and expertise in delivering skilled training is a value adding commercial partnership.” “Site is pleased to be delivering this new scope in an area of training which is of key importance to the skill shortage which continues to materialise. The TWI product is industry leading and its certification is well recognised globally.” “This agreement should materially benefit both TWISEA and Site as an expansion of services to the client base of Site Group and its associates.”

TWI has offered training and examinations in South East Asia for many years and is the industry leader in welding, welding inspection and both advanced and conventional NDT training and certification. TWI also has a range of allied courses in structural integrity, fitness for service, plant assessment, etc. Site Group International (SIT) delivers employee tailored, non-accredited and Australian accredited vocational education and training with workforce planning solutions. Site Group International is an emerging Australian company with a strategic business model run by an experienced board and management team.

www.sitegroupinternational.com

http://www.traderdealer.com.au/fundamentals/sit

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ASX Company News: Site Group Enters Partnership With Melbourne University

Sunday, July 10th, 2011

Site Group International (SIT) is pleased to announce the signing of a partnership with Melbourne-based Swinburne University of Technology for the delivery of the UniLink pathway program at Clark Education City. Renowned for teaching quality and graduate satisfaction, Swinburne ranks in the top 500 research universities in the world according to the Shanghai Jiao Tong Ranking of World Universities. The partnership will give Site access to the growing international student pathway market into Australia. After successful completion of the eight month UniLink Diploma at Clark, students will obtain guaranteed credit into a bachelor degree at one of Swinburne’s Melbourne campuses, or its branch campus in Sarawak, Malaysia. This new program will allow international students to spend part of their studies in the Philippines, where Clark Education City will offer the Swinburne courses at the safe, fully English speaking campus at an affordable price.

Vern Wills, Chairman of Site, said: “The partnership allows students to spend time adjusting to the Australian education environment in the Philippines before moving to their degree studies – a unique global education experience. There is great interest from our recruitment networks in markets including China, Vietnam and Indonesia and this product complements our current English and vocational offerings.” With over 10 years success at Swinburne’s Melbourne campuses, the UniLink Diploma program offers smaller class sizes, additional language support and course content designed to prepare international students for success at bachelor level study.

Site Group International (SIT) delivers employee tailored, non-accredited and Australian accredited

vocational education and training with workforce planning solutions. Vocational training is delivered through dedicated facilities in the Philippines (Clark Education City) and in Adelaide (Site Academy). Workforce planning solutions are delivered by Site WorkReady – the recruitment leg of the Site Group of companies. Site up-skills and trains industry experienced candidates in the mining and construction services, hospitality and healthcare industries before placing them with the appropriate employer groups. Qualification delivered include welding and boiler makers, heavy diesel fitters, auto-mechanical and air conditioning split-systems technicians aged care and caretakers, commercial cookery, sou and patisserie chefs, front of house service givers and back of house maintenance staff. Site Group International is an emerging Australian company with a strategic business model run by an experienced board and management team.

www.sitegroupinternational.com

http://www.traderdealer.com.au/fundamentals/sit

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Counter Trend Versus Trend Trading

Friday, June 17th, 2011

What was your initial reaction when you woke up yesterday and saw that oil had fallen $5 or over 4%? Did you immediately place an order to buy Woodside Petroleum, or Oil Search or Santos? Or instead were you rushing to hit the sell button?

There are many different reactions that are possible when news hits the airwaves, but your trading is better if focused on pursuing a consistent strategy.

The traders that rushed out to buy are likely to be counter trend traders or contrarians, buying when everyone else is selling. To do this, these traders rely on determining oversold market conditions and buying when these occur. One possible way to do this is to use Bollinger Bands or Money Flow Index to determine when the share is oversold, and place buy orders according to these guidelines.

Santos in the above chart has reached an oversold condition touching the lower Bollinger Band, but has not quite moved into oversold territory on the Money Flow Index. When you look at the same chart of Woodside Petroleum, it clearly shows oversold conditions on both indicators. This would have the counter trend traders rushing to buy. It is however best to wait until a change of trend occurs as oversold conditions can become more oversold.

If a trend develops then the oversold conditions can continue for some time. In this case the trend traders step up to the plate and count on the trend continuing. Using the MACD to identify the trend in Woodside Petroleum the recent down trend paused for a few days before continuing on its way recently as the blue line crossed below the black line.

Oil Search on the other hand, saw the MACD turn higher, signalling a period of consolidation. No trade today, for the trend traders in Oil Search.

Now you might at this point be starting to get confused. The counter trend traders are buying Woodside, while the trend traders are selling. So what is the best approach? The answer to this question is both. Any strategy that is consistently followed will be profitable over a period of time. There is no guarantee that either trader will make money on this trade, but by consistently following a strategy you are likely to make money in the long term.

Right now my personal view is the trend traders may have an edge as the market heads lower. The Federal Reserve has halted the printing of money (Quantitative Easing, or QE2 for short), the situation in Greece seems about to reach a crisis point as a bailout package cannot be agreed on, and a sharp turnaround in the US dollar is likely as the Euro stumbles. There are signs of a slowing economy in the US and China is still attempting to slow down its own economy. All of these factors, along with the high prices of oil at present, could sustain a down trend for some time.

By Jeff Cartridge
Education Manager

The charts in the above article are taken from The Bourse charting and market data software. You can sign up for a 14 day free trial of The Bourse by visiting the Bourse Data website.

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ASX Company News: Navitas Sells Dubai Media Business

Friday, June 17th, 2011

Global education services provider Navitas Limited (NVT) has announced the sale of its SAE Dubai business to Media Zone Investments FZ-LLC, a company in the LLC, twofour54 group and wholly owned by the Media Zone Authority – Abu Dhabi (an authority of the Abu Dhabi Government) for USD$7m. Navitas’ wholly owned subsidiary, Navitas SAE Holdings Pty Ltd (NSH), has also entered into a Trade Mark and Curricula License Agreement with twofour54 who will pay NSH a license fee to utilise SAE trademarks and curriculum for the Dubai branch college as well as a Cooperation Agreement to provide support to twofour54 to maintain the Dubai business and establish new campuses in the United Arab Emirates. In recent years the Abu Dhabi Government has moved to establish the leading media content creation centre in the Middle East under the twofour54 brand named after the   geographical co-ordinates of Abu Dhabi, twofour54′s vision is to enable the development of world class Arabic media and entertainment content, by Arabs for Arabs, and to position Abu Dhabi as a regional centre of excellence in content creation across all media platforms including film, broadcast, music, digital media, events, gaming and publishing.

SAE Dubai and the future new campuses will be ideally placed to provide skilled graduates to this regional media hub and will further contribute to the Government’s goal of creating a centre of excellence in content creation across all media platforms said Navitas CEO Rod Jones. “This sale of the SAE Dubai business to twofour54 is an acknowledgement of the high quality education and training offered by SAE, Mr Jones said.

Navitas is a diversified global education provider that offers an extensive range of educational services for students and professionals including university programs, English language training and settlement services, creative media education, workforce education and student recruitment. Navitas is the industry leader in pre-university and university pathway programs. It offers university programs from colleges in Australia, UK, US, Canada, Singapore, Sri Lanka and Africa. Via SAE and Qantm Navitas is now a leader in creative media education offering audio, film and new media qualifications around the world. Navitas also offers student recruitment services in India and China for universities and other educational institutions in Australia, Canada, US and UK.

www.navitas.com

http://www.traderdealer.com.au/fundamentals/nvt

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ASX Company News: Navitas To Teach Australians English

Tuesday, April 26th, 2011

Navitas English Pty Ltd, a wholly owned subsidiary of global education services provider Navitas Limited (NVT), has signed contracts with the Department of Immigration and Citizenship to deliver the Commonwealth Government’s Adult Migrant English Program across the wider Sydney region. The new contracts will be for 3 years with projected revenue of $200m over the period. There is also the possibility of a 3 year extension. Navitas English leads a consortium in each region to deliver the MNEP. KU Children’s Services will deliver childcare and Mission Australia will provide counseling and home tutor services.

“Navitas English has proven ability to provide positive outcomes for AMEP clients. In conjunction with our consortia partners, we are delighted to be able to continue supporting the Government’s social inclusion and workforce initiatives.”

Navitas is a diversified global education provider that offers an extensive range of educational services for students and professionals including university programs, English language training and settlement services, creative media education, workforce education and student recruitment.

www.navitas.com

http://www.traderdealer.com.au/fundamentals/nvt

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ASX Company News: Site Group To Acquire Careers Australia Group

Friday, March 18th, 2011

Site Group International (SIT) has announced a takeover offer (Merger Proposal) to acquire all of the shares of Careers Australia Group Limited (CAG).

Site proposes to make an off-market takeover offer for all CAG shares.  The consideration payable to CAG shareholders is 3.5 Site shares for each CAG share.   The consideration values CAG shares at approximately 70.89 cents and CAG’s total issued capital at approximately $72.9 million.

Site expects that shares issued under the Merger Proposal will be quoted on the ASX.  The Merger Proposal is subject to conditions set out in the Schedule including Site acquiring at least 90% of the CAG shares on issue.   Site will seek to raise up to $20 million from the issue of new shares to fund the working capital requirements of the merged group.   Whilst Site has undertaken preliminary discussions with selected potential investors, the terms of this capital raising have not yet been finalised and there is no certainty that Site will be able to raise the required capital.

Site’s chairman, Vernon Wills is a non-executive director and substantial shareholder in CAG and has taken a leave of absence from the Site board and the CAG board for the duration of the Merger Proposal.  Mr Wills has not been involved in board discussions in relation to the Merger Proposal.   Paul Young has been appointed as acting chairman of Site.

Site believes a combination with of its business with CAG’s would provide compelling benefits to CAG  shareholders.  The merged group will have an enhanced position in the vocational education services market in Australia and Asia as well as being strategically placed to provide workforce planning solutions in skills shortage areas.

http://www.traderdealer.com.au/Fundamentals/sit

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ASX Company News: Seek Enters Education Joint Venture With Swinburne University

Friday, January 14th, 2011

SEEK Limited and Swinburne University of Technology announced the formation of a new entity to deliver world-class online learning to Swinburne students. The venture is a 50:50 partnership between SEEK and Swinburne University to build an organisation that will deliver new, online courses specifically designed to meet the educational needs of working Australians. It will leverage SEEK’s online capabilities and Swinburne’s course content in a unique public private partnership. SEEK and Swinburne have each committed an initial investment of $5m, with the first student intake scheduled for early 2012.

Andrew Bassat SEEK Joint CEO commented” “We believe that this venture is a great fit for SEEK’s education businesses and further proves the importance of the online channel in delivering access to quality education for Australians. Partnering with Swinburne means students will receive the best online education available.” Ian Young Swinburne University’s Vice-Chancellor also commented: “This joint venture will build on the university’s online capability and seize a space that is becoming increasingly important in the 21st century. It will extend our reach in delivering education to students in a time and place that suits them, giving them access to a greater range of study options and unprecedented flexibility.”

SEEK Limited (SEK) is the leading provider of online employment services in Australia and New Zealand. In Australia, seek.com.au now hosts approximately 65% of all jobs on Australia’s major job sites. SEEK holds significant investments in leading online employment websites across a number of fast growing economies. SEEK owns 56.1% of Zhaopin (a leading employment website in China), 30% of Brasil Online Holdings (the two leading employment websites in Brazil), 22.4% of JobStreet (a leading employment website across SE Asia) and 40% of OCC (the leading employment website in Mexico). SEEK Asia owns 60% of JobsDB (leading job network across SE Asia). Swinburne University of Technology has an international reputation for quality career-orientated education and commitment to research. The university houses a number of globally recognised and innovative research centres including the Centre for Astrophysics and Supercomputing and the Centre for Micro Photonics. Currently under construction, Swinburne’s Advanced Technology Centre will bring greater research and teaching excellence to the areas of optical physics, sustainable infrastructure and advanced manufacturing.

www.seek.com.au

www.swin.edu.au

http://www.traderdealer.com.au/Fundamentals/sek

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ASX Company News: Navitas Extends Curtin College Contract

Thursday, December 23rd, 2010

Global education services provider Navitas (NVT) has extended contracts for two of its Colleges with Curtin University to allow Curtin and Navitas to align the terms and conditions of both contracts.  The contracts for Curtin College, based on Curtin’s Bentley campus, and Curtin Sydney will both be extended until 31 December 2011.

Additionally this will provide Curtin College and the University with the opportunity to integrate amendments relating to the Higher Education Protocols for Non Self-Accrediting Institutions.  Curtin University will also use the contract extension to conduct an assessment of its three separate College agreements with Navitas and consolidate its approach to the Navitas relationship.

Navitas and Curtin University have partnered for over ten years to provide  many thousands of international and domestic students a quality pathway to go on to study and graduate from Curtin University.   The strength of this relationship and the quality outcomes delivered by Curtin College to students  were recognized in a  recent highly positive audit of Curtin College  by the Australian Universities Quality Agency (AUQA).

“We  are looking forward to working with Curtin University to progress the long term renewal of these contracts  and expect that any  review will  highlight the positive outcomes of both colleges,” said Rod Jones, CEO of Navitas. Navitas’ contract with the University to operate the Curtin University Singapore campus is not due for renewal until 2017.

www.navitas.com

http://www.traderdealer.com.au/Fundamentals/nvt

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