IEL can be described as an export service for students including Chinese to assist them to study in foreign lands, I wonder if there may be limitations on Chinese students pursuing this dream moving forward – a close friend of mine did her MBA in the UK many moons ago and one way she does describe it is “very expensive” – not ideal when the Chinese government is attempting to make quality education a right not a privilege to encourage larger families.
Overall IEL is an excellent company which continues to expand through acquisition but it does have a habit of correcting ~20% on a fairly regular basis hence we’re not keen to chase the current breakout especially with sentiment mixed towards the global sector.