27/10/2023 09:01

IDP Education Ltd (IEL) $22.34

IEL shares were up +5.9% on Thursday, the most in more than two months on solid volume, with ~9% of the stock held short we may have seen a little profit-taking by traders creep into the market's recent weakness following June's decision by Canada to allow competitors to enter the Student-Direct-Stream (SDS) component of student visas. We still need a catalyst to place IEL in our Hitlist, but it's finding support around $20.

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17/08/2023 09:13

IDP Education Ltd (IEL) $22.26

IEL fell another -3.6% yesterday taking its decline to -17% year to-date after Junes decision by Canada to allow competitors to enter the Student-Direct-Stream (SDS) component of student visas which marks the final stage of opening markets to competitors.

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02/06/2023 09:01

IDP Education Ltd (IEL) $20.46

IDP Education (IEL) is a leading provider of international student placement and English testing services. The stock has plunged lower this week following Canada's decision to allow competitors to enter the Student-Direct-Stream (SDS) component of student visas which marks the final stage of opening markets to competitors.

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29/05/2023 16:42

Idp Education (IEL) $21.71

IEL -15.92%: an announcement out of Canada over the weekend saw a wave of selling in Idp today. The English language testing company has help a monopoly over the Student-Direct-Stream (SDS) visas with the company now allowing competitors to offer testing services.

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22/12/2022 09:07

IDP Education Ltd (IEL) $27.14

We like this global student placement business’s growth profile as the world moves on from Covid albeit slowly in the case of China. Penny Wong’s current visit to the world’s second-largest economy could prove to be a pivot point in turning around the missing Chinese students pre-Covid i.e. there are 50% fewer Chinese students in Australia...

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30/09/2022 09:40

IDP Education (IEL) $27.13

Global student placement business IDP’s recent acquisition of Intake Education is helping accelerate the company’s expansion into Africa which should offer the next chapter of growth following South-East Asia, China and India. We like the business’s growth profile as the world moves on from Covid although some guidance would have been nice from...

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31/08/2022 09:17

IDP Education Ltd (IEL) $27.67

A number of articles in the press over recent days have been written along the lines of “international students to return on mass in 2023” which should in theory provide a great tailwind for IEL. This student placement / English language teaching company beat earnings expectations this week but the reaction of the stock has been fairly ho-hum. The business impressively placed a record number of students in courses and also conducted a record number of English tests in the period highlighting the swift turnaround from COVID-driven volume declines as gross profit margins also returned to FY18 highs.

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25/08/2022 17:52

IDP Education (IEL) $28.80

IEL +7.46%: the student placement and English language teaching company posted a profit beat today, driven by improved performance from their international segments. Net income came in at $106.6m, around 5% ahead of consensus expectations. They placed a record number of students in courses and conducted a record number of English tests...

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04/03/2022 09:29

IDP Education Ltd (IEL) $28.20

IEL has been hammered over 37% since November making it a standout underperformer as the company has suffered at the hands of both COVID and geopolitical uncertainty. The stock was weak going into last month’s half-year result and the disappointing numbers sent the shares even lower – revenue came in below expectations at $397mn with net profit after tax coming in at $52.9mn. A lack of guidance...

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10/12/2021 09:34

IDP Education (IEL) $35.69

This language testing and student placement company showed its vulnerability to COVID as it corrected almost 20% on the emergence of the Omicron variant. This is a quality company which definitely falls in the category of a recovery story with its performance very linked to sentiment towards COVID. The issue we have is the companies valuation...

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