Educate yourself, Buy Vocation Ltd (VET)

Educate yourself, Buy Vocation Ltd (VET). Vocation Ltd, one of the largest providers of vocational education and training in Australia recently exceeded broker expectations by reporting NPATA of $10m for 1HFY14.Since listing late last year at $1.89 per share, the stock has risen over 30% to $2.67. I believe there is still significant capacity in the price and am comfortable buying up to $3.10. VET are dominating the private education sector in Victoria and are set to do the same in NSW when the Demand Driven Funding model is introduced from 1 Jan 2015. The company now has access to equity and debt capital and has great industry contacts via Chairman John Dawkins, former Treasurer (1991-1993) and Minister for Employment, Education and Training (1991-1987).This sector is one to watch and Vocation Ltd should be firmly on your radar.


3 topics

Dean Honan
Senior Stockbroker
Morgans

I am a senior stockbroker with close to a decade of experience in financial markets. Prior to joining Morgans I held senior advisory roles with Morgan Stanley and UBS AG

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.