Navitas Limited (NVT) will go ex dividend on 9/2/2012. The current dividend payment is 9.4 cents and it is 100% franked. The record date is 15/2/2012 and the dividend will be paid on 29/2/2012. Based on the full year payment the dividend yield is 7.1%.
*Current Yield: 3.1% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 3/2/2011. Current yield is based on the current dividend payment only.
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.
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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.
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Navitas Limited (NVT) will go ex dividend on 8/2/2011. The current dividend payment is 8.7 cents and it is 100% franked. The record date is 14/2/2011 and the dividend will be paid on 28/2/2011. Based on the full year payment the dividend yield is 4.8%.
*Current Yield: 2.1% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 3/2/2011. Current yield is based on the current dividend payment only.
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.
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Navitas (NVT) announced on the 14/12/2010 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 13/12/2010 on which shareholders must own the share to participate in the SPP. The closing date is 11/1/2011. Shares will be issued on 18/1/2011 and begin trading 19/1/2011. A maximum of $15,000 can be purchased by each shareholder at $3.75.
Discount : 6.0% Liquidity : Good Profitability : Good Stability : Good
*Note: Discount is based on the closing price on the 14 December 2010.
Global education services provider Navitas Limited (NVT) announced that it has entered into an agreement to acquire 100% of SAE Group (SAE), a leading global provider of creative and new media education. Navitas is acquiring SAE for A$289 million, representing 8.75x estimated CY2010 EBITDA. The transaction will be funded by way of new debt facilities, a fully underwritten institutional equity placement and issuance of shares to the vendor.
Founded in Australia in 1976, SAE has expanded to become one of the world’s largest media technology training institutes, with 47 campuses in 19 countries. SAE offers a range of post secondary education opportunities to approximately 8,000 students, including certificate, diploma, degree and Masters programs across three major fields of study: audio production, film production and interactive media. SAE benefits from high brand recognition within its core markets and is well placed to continue to benefit from growth in demand for multimedia and technology skills. SAE owns and maintains its key intellectual property and delivers its programs via a combination of classroom based teaching and practical learning in its state-of-the-art training facilities.
“The combined Navitas and SAE business will have over 50,000 students enrolled across 97 campuses around the world and will provide a platform for further expansion into key international markets,” said Navitas Chief Executive Officer, Rod Jones. “Over three decades SAE has built a global reputation as a high quality provider of creative and new media education and, as a leader in its field, SAE is well positioned to take advantage of the increasing global demand for skills based training in these areas.” “Navitas and SAE share a commitment to quality educational outcomes for students and are both equally focused on strong organic growth within their respective fields. SAE will continue to be driven by its existing management team and will maintain its pioneering approach and culture.”
Navitas has entered into new 3 year debt facilities with Westpac and ANZ of A$200 million to fund the transaction. Navitas has today launched a fully underwritten institutional equity placement to raise A$100 million. In addition, Navitas will offer a Share Purchase Plan (SPP) at the same price as the institutional placement.
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 UK, the US, 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 US and the UK.
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Global education provider Navitas Ltd (NVT) is pleased to announce that it will continue its successful partnership with Canada’s esteemed Simon Fraser University, following the renewal of the Recognition and Educational Services Agreement, with Fraser International College (FIC) for a further ten years. This renewal follows a comprehensive review of operations and student performance by the University.
Navitas, through FIC, and Simon Fraser University have partnered to provide quality academic pathway programs to international students since 2006 with over 1,250 students currently enrolled at FIC in Burnaby, British Columbia. The new Recognition and Educational Services Agreement will take effect from 1 October, 2010.
“In the four years that we have worked with Simon Fraser University we have developed a valued and committed partnership which has delivered strong academic results and educational outcomes for international students,” said Mr Rod Jones, CEO of Navitas. “The fact that we are renewing our original five year Agreement for a further ten years is a testament to the positive outcomes the partnership brings for students, the University and for Navitas. This renewal also maintains our record of renewing every Agreement with partner universities since we started in 1994, a record that reflects the strength of our partnerships and commitment to quality educational outcomes,” said Mr. Jones.
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 UK, the US, Canada, Singapore, SriLanka and Africa. Navitas also offers student recruitment services in India and China for universities and other educational institutions in Australia, Canada, the US and the UK. Ranked by respected national surveys as one of Canada’s top three comprehensive universities for almost 20 years, Simon Fraser University (SFU) is named after a famous explorer and known for its pioneering spirit. Spanning many disciplines in eight faculties, SFU offers more than 100 undergraduate major and joint major programs and more than 45 graduate offerings.
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Navitas Limited (NVT) will go ex dividend on 11/8/2010. The current dividend payment is 10.7 cents and it is 100% franked. The record date is 17/8/2010 and the dividend will be paid on 31/8/2010. Based on the full year payment the dividend yield is 3.8%.
*Current Yield: 2.2% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 5/8/2010. Current yield is based on the current dividend payment only.
Global education leader Navitas (NVT) is pleased to announce that it has signed a ten year agreement with La Trobe University to manage and operate the existing La Trobe University International College, under the new trading name of La Trobe Melbourne. This formal agreement is the final stage in the original tender process initiated by La Trobe University in 2009 to select a quality academic pathway and English language provider for international and domestic students studying in Melbourne. This is the second such agreement between Navitas and La Trobe University, the first being the successful ACN college in Sydney. As Navitas’ 30th University Programs Division college around the globe, and 12th in Australia, La Trobe Melbourne will further consolidate the Company’s reputation as a global education leader and provider of academically rigorous education and training services.
Navitas Chief Executive Officer Rod Jones said Navitas and La Trobe University shared a commitment to the highest standards of educational services. “Navitas has a strong track record in providing excellence in foundation and diploma programs and English language courses to students both internationally and in Australia. “We are pleased and proud to be partnering with La Trobe University and to be able to assist more students to share in its quality educational services,” Mr Jones said. La Trobe University Deputy Vice-Chancellor (International and Future Students), Professor John Rosenberg said, “our goal is to provide students with access to the best educational experience possible while ensuring the continued success of La Trobe University. We are delighted to partner with Navitas and are mindful of the benefits this relationship will offer to current and future international and domestic students at the college,” he said.
Located at La Trobe University’s Bundoora campus in Melbourne, Victoria, La Trobe Melbourne will provide foundation and diploma programs and intensive English language courses. La Trobe Melbourne will commence with an existing student group of approximately 600 students (approximately half of which are English students) with strong potential growth predicted.
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. English Language training includes the provision of English as a second language courses, migrant education and delivery of Government programs. Navitas workforce programs include the delivery of professional development and corporate training. 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. La Trobe University is one of Australia’s leading teaching and research institutions with nearly 30,000 students located at six campuses in metropolitan Melbourne and regional Victoria. La Trobe’s growing international reputation attracted 7000 students from over 90 countries in 2008. The University is undergoing a dramatic process of renewal and is the recipient of $400 million of federal and state funds for the construction of world-class agribioscience, molecular science and regional health research facilities.
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