Educate yourself, Buy Vocation Ltd (VET)

Dean Honan


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.

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Dean Honan
Dean Honan
Senior Stockbroker

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


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