Posts Tagged ‘Education’

Navitas Secures 5 New Contracts In NSW

Thursday, May 27th, 2010

Global education services provider Navitas Limited (NVT) is pleased to announce that its wholly owned subsidiary, ACL Pty Ltd (ACL), has accepted an offer of business for five contracts with projected revenue of $21m over 3 years to deliver Language, Literacy and Numeracy Program (LLNP) services in New South Wales.

Under the contracts with the Department of Education, Employment and Workplace Relations (DEEWR), ACL, which operates within Navitas’ English Division, will be the lead agency for the delivery of LLNP services in four Sydney and one country regions. DEEWR is currently assessing further information from ACL in relation to the Orana Business Service Area (BSA).

Subject to receipt of satisfactory further information, DEEWR may offer ACL business for the Orana BSA. Each contract is for a period of three years with extension options for another six years,  and will be delivered from 1 July 2010 in consortium with one of Australia’s largest community organisations, Mission Australia (for the Sydney regions) and the Riverina Community College (for the region of Sturt). Navitas English Executive General Manager Helen Zimmerman said the organisation was pleased to have been selected for the NSW market.

“Navitas has extensive experience in the delivery of the LLNP, and related programs, and is pleased to now be preparing to roll out our expertise into Sydney and regional NSW,” she said.

“We’re also looking forward to building on our strong long-term partnership with Mission Australia, and working with new partner Riverina Community College to support jobseekers to improve their language, literacy and numeracy skills.”

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, 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, the United Kingdom, the United States, Canada, Singapore, Sri Lanka and Africa.

Navitas also offers student recruitment services in India and China for universities and other educational institutions in Australia, Canada, the United States and the United Kingdom.

www.navitas.com

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Navitas Acquires Health Skills Australia

Saturday, May 8th, 2010

Global education services provider Navitas Limited (NVT) is pleased to announce the execution of an agreement to acquire Health Skills Australia (HSA). HSA is a Registered Training Organisation specialising in the delivery of nationally accredited health and aged care qualifications, as well as health specific short courses, in New South Wales and Victoria.

The acquisition of HSA represents the Workforce Division’s expansion into the nursing and health training market, and will allow the Division to set up and extend its nursing and health operations within Australia and offshore. Through the operation, Navitas will develop a range of flexible responses to industry and student needs and provide career pathways for nursing and health students from Australia and overseas.

The consideration for the acquisition of HSA is $2 million increasing to $3.5 million in total if certain earnings targets are met for HSA in the 2010 and 2011 financial years.

www.navitas.com

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Navitas Enters Education Agreement With Edinburgh Napier University

Monday, March 22nd, 2010

Global education services provider Navitas Limited (NVT) is pleased to announce the execution of a Recognition and Articulation Agreement with Edinburgh Napier University for the establishment of the Edinburgh International College (EIC). The Agreement paves the way for the establishment of Navitas’ 28th University Programs Division college and its seventh in the United Kingdom. Under the agreement Navitas will have access to the University’s teaching and other facilities, as well as accommodation and administration facilities at the campus. With expected strong demand for student enrolments, EIC is expected to follow the pattern of other Navitas Colleges and reach operational break even within 18 months.

Navitas Chief Executive Officer Rod Jones said EIC was part of the Company’s continued global roll-out of its colleges in partnership with quality universities. “Edinburgh Napier is one of the largest higher education institutions in Scotland, with around 15,000 students,” he said. “The University has a reputation for providing cultural and social support to students to enhance their learning experience – an approach which fits well with Navitas’ commitment to quality services. With our established track record of delivering positive academic outcomes to international students throughout the UK, this is an outstanding opportunity to consolidate our market position in one of our key international markets.” Edinburgh Napier Principal and Vice-Chancellor Professor Dame Joan Stringer DBE said the partnership with Navitas would strengthen the University’s focus on international students.

“We currently have around 2,500 international students from more than 100 countries students studying at Edinburgh Napier and are proud of being one of the top ten universities in the UK for graduate employability” she said. “Partnering with Navitas will allow us to increase our international cohort through a supportive learning environment that will ultimately ensure integration with our mainstream courses.”

www.navitas.com.

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Navitas JV Agreement With University Of Massachusetts

Sunday, February 7th, 2010

Global education services provider Navitas Ltd (NVT) is pleased to announce the execution of an educational affiliation agreement for its fourth College in the United States. The five year agreement, for the establishment of the University of Massachusetts Boston Pathways Program, with the University of Massachusetts Boston, is the third partnership with universities in the University of Massachusetts system which educates over 60,000 students and confers nearly 11,000 degrees annually on its five university campuses. The Navitas College at UMass Boston will open in September 2010 and will complement the recently announced Navitas undergraduate pathway and pre-masters programs at the University of Massachusetts Lowell and the University of Massachusetts Dartmouth, also set to open in September 2010.

“A third partnership with such a highly regarded academic institution will consolidate Navitas’ entrance into the United States tertiary education sector, and further strengthen our links in the Commonwealth of Massachusetts and the university system,” Mr Jones said. “UMass Boston has a rich history and has developed into an innovative and enterprising educational institution with an international reputation for academic excellence and student support.”

UMass Boston is nationally recognised as a model of excellence for urban universities with more than 14,000 students and over 150 academic programs. Under the agreement Navitas will have access to the university’s teaching and other facilities, as well as accommodation and administration facilities at the campus. Mr Jones said the strength of relationship with the three universities in the UMass System highlighted the robust nature of Navitas’ US strategy and was further evidence of the global pathway programs which have been successfully implemented in Australia, the United Kingdom, Singapore and Canada.

Navitas is a diversified global education provider that offers an extensive range of educational services for students and professionals including university programs, language training, workforce education and student recruitment. Navitas is an industry leader in pre-university and university pathway programs. It offers university programs from colleges in Australia, the United Kingdom, Canada, Singapore, Sri Lanka and Africa. The University of Massachusetts has been providing high quality educational opportunities for the Commonwealth of Massachusetts residents and for students and faculty from all over the world for more than 140 years.

www.navitasworld.com

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Short selling explained

Tuesday, August 25th, 2009

Unfortunately, markets and prices don’t always go up. There are periods of time where prices fall and where going long or buying doesn’t work. With CFDs you have the opportunity to profit from a fall in prices as well as a rise in prices. To profit from a fall in prices is said to be going short or short selling.

If a CFD trader believes prices are falling they can sell a CFD first at a high price in order to buy it back later at a lower price. In order to do this they may borrow the CFD from their CFD provider and sell it before buying it back at a later date. The CFD trader would then benefit from the difference in the price they bought and the price they sold the CFD.

This may seem a little complex at first however the concept is that you sell first and buy second, hopefully selling at higher price and buying at a lower price. Some examples may help.

 CFD Example – Going short and making a profit

Going short’ is simply opening a short “sell” CFD position to profit from a fall in prices

 Steve saw that Lihir Gold (LGL) had broken key support and looked set for a pullback. Steve places a sell order for 35000

LGL shares at the current market price of $2.78. The face value of the trade is $97,300 and the margin rate on STO is 10%.  Therefore $9730 ($97,300 x 10%) is required as margin to open the position. The trade is placed and Steve holds a short LGL CFD position with a face value of $97,300

order-pad1

When opening a short position you have received a cash payment for the full value of your short position and receive interest on this amount at the RBA target rate minus 2.25% pa. The overnight interest rate is calculated by dividing the per annum applicable interest rate payable by 365 (days per year).

Assuming that the price of LGL drops by 10c the following day to $2.68 the trading profit will be $3500 which represents a 36% return on Investment including transaction costs.


The Trade in detail


Opening the trade – ‘Going Short’- Selling 35,000 Lihir Gold (LGL)

Trader Dealer 

Price of Lihir (LGL)

$2.78

CFDs sold

35,000

Commission

$66

Total Exposure

$97.300

Margin Requirement (5%)

$9,730

Total outlay

$9796

 Closing the trade – Buying 35,000 Lihir Gold (LGL)

Trader Dealer  

Price of Lihir (LGL)

$2.54

CFDs bought to close position

35,000

           Commission

$66

Net Profit from trade

$8400

Total outlay

$9796

Financing received

$18

Net profit

$8286

Return on total outlay

98.64%


However if the trade had gone against your initial view and you decided to close the position when LGL was trading at $2.82, you would have lost $1514 inclusive of costs.

 

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How do CFDs work?

Tuesday, August 25th, 2009

When you trade Direct Market Access (DMA) CFDs, its a lot like trading traditional shares – you trade on the price and liquidity of the underlying exchange. There are a number of key differences however – Margin is one of these.

Margin

CFDs are traded on margin and there are two different forms of margin that may be payable when trading CFDs – Initial and Variation Margin.

Initial Margin
An Initial margin is a deposit used as collateral to open a CFD position. The margin is held to ensure you can meet your obligations. A margin rate is expressed as a percentage and is calculated based on the liquidity and volatility of the underlying security. Margin rates typically range between 5% – 50%.
The margin requirement of a CFD position is calculated using the “mark to market” concept. This means that the current value of your position is assessed during each trading day. The margin required is adjusted to reflect the current market value of the position as the price of the underlying security fluctuates.

Additional margin amounts will be payable should you fail to maintain the required margin on your position.
Calculating your Initial Margin
Quantity x Price= Full Face Value
1000 x $10 = $10,000
Full Face Value x Margin Percentage= Margin Required
$10,000 x 5% = $500
Your initial margin is $500
Variation Margin

In addition to the Initial Margin required to open and hold a CFD position, you may also need to have available an additional margin incurred by an adverse price movement in the market, this is known as Variation Margin. The Variation Margin is based on the intraday marked to market revaluation of a CFD position.

For example, if you have a long position and the price falls then you are required to pay a Variation Margin large enough to cover the adverse movement in the value of your position. On the other hand, if you have a short position and the price falls, you would receive a Variation Margin equal to the positive movement in the value of the position.

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Navitas Enrolments Increase 24%

Wednesday, July 29th, 2009

Global education services provider, Navitas Limited (NVT) today announced a 24% increase in student enrolments for the second semester of 2009 (“200902”).

Equivalent full time student unit (“EFTSU”) enrolments at the University Programs colleges and managed campuses increased to a second semester record of 14,306, up from 11,573 in the previous corresponding period.  The result is the third consecutive year of more than 20% growth in second semester student enrolments.

Navitas Chief Executive Officer Rod Jones said the strong demand for places in the Company’s university programs reflected a recognition of the quality of educational and support services at both Australian and international colleges.

“Under our business model, we partner only with leading universities and ensure we meet the highest educational standards,” he said. “Our reputation for quality is driving demand from key markets and, in turn, increased student enrolments represent continued growth in revenue flow for the Company.” “We have now successfully applied this model to 20 campuses and colleges, and we continue to see new projects move into profitability within two years of start-up.” “This gives us great confidence to continue investing in new operations in established and growth markets.”

Established colleges to have grown more than 25% were Fraser International College (FIC), Melbourne Institute of Business and Technology (MIBT), South Australian Institute of Business and Technology (SAIBT), Hertfordshire Institute of Business and Technology (HIBT) and London International College of Business and Technology (LIBT). Excluding new colleges to have opened in the latter half of 2008 (which have comparatives of nil in the PCP), 200902 EFTSU growth remained an encouraging 15%.

“With two new colleges opening in the UK in September this year and the continued development of new markets and businesses, we expect to see continued solid growth across our portfolio into the future.”

www.navitasworld.com

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LendLease to Upgrade 380 Schools

Monday, April 20th, 2009

Lend Lease Corporation Limited today announced that its subsidiary, Bovis Lend Lease Pty Limited had been awarded 2 of the New South Wales Building Education Revolution contracts for the upgrade of 380 government schools. The projects are part of the Commonwealth Government’s Nation Building – Economic Stimulus Plan and have a combined contract value of A$675 million. The 2 government schools contracts are with the Department of Commerce on behalf of the NSW Department of Education and Training. As Managing Contractor, Bovis Lend Lease will be responsible for the design and construction of new facilities and refurbishments in the Northern Sydney region (130 schools in a contract valued A$275 million) and in the Hunter and Central Coast region (250 schools in a contract valued A$400 million). The 20 month programme commences this month and ends n December 2010.  The scope of the work required to complete these education infrastructure projects will result in significant local employment opportunities. 

Bovis Lend Lease has a strong track record in delivering multiple location education projects. The company was the design and contractor for approximately 300 new preparatory schools in Queensland and is currently managing contractor for the upgrade of approximately 600science laboratories across 105 schools in New South Wales. 

www.lendlease.com

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