Navitas partners with Lancaster University to establish Leipzig Campus in Germany

Navitas Limited (ASX:NVT) has entered into an agreement with Lancaster University to help them establish and manage their new campus in Leipzig, Germany.

With this agreement, Navitas adds one more prestigious institution as a partner into its client portfolio. Before Lancaster University, it had agreements with The Hague University of Applied Science and The University of Twente, both located in the Netherlands, prestigious universities in Europe.

Navitas Limited is an ASX listed global leading education provider who has helped many learners transform their lives via an extensive range of educational services. More than 70,000 aspirational students at 120 prestigious colleges and campuses in 24 countries benefit from its services every year. It has specialization in university pathway programs, creative media education, health and social service education, professional and industry placement, English language, and settlement services. Since 1994, it has helped its partner institutions across Australia, Canada, United States, New Zealand, Sri Lanka, United Kingdom, and Singapore in cultivating more diverse culture and align their mission, vision, goals, and objectives to achieve sustainable growth.Â

Lancaster University is one of the renowned universities in Europe and ranks 10th among top UK universities. It has achieved various accolades in the multiple fields of study globally.

Navitas will manage all the facilities such as student 's recruitment, support services and administrative staff, and provisions to the new leased campus. This campus would be Lancaster University’s first campus in Europe, and with this development, they plan to increase their student base to boost their diversification further. They currently have students from 100 different countries at their UK campus and research partners in around 60 countries.

They plan to start student enrolment at the new campus from September 2019 and for this Navitas is securing final regulatory approvals. The initial term of the approval would be 10 years till September 2029, with an extension upto 15 years under a mutual agreement subject to performance parameters.

It is believed that these parameters would include, student enrolment numbers based on the attractiveness of Lancaster University’s ranking, quality of student outcomes and experiences, the attractiveness of the campus location to domestic and international students, and employment opportunities for the students after their graduation from the programmes offered.

It recently received a revised non-binding 100% acquisition proposal from BGH consortium at A$5.825 cash per share. This revised proposal was 6% increase to the last proposal which was at A$5.50 per share and a 34% premium to its pre-bid share price on 9 October 2018.

In the financial performance highlights, there has been 5.4% enrolment growth YTD in UP division, especially strong student growth in Canada and UK. Its revenue from continuing operations increased by 6% in HY19 as compared to HY18.

On stock information, Navitas Limited last traded at A$5.610 (as on February 7, 2019) with the market capitalization of A$2.01 bn. It's earning per share for the FY18 is reported at -0.165 AUD. Its 52 weeks high has been noted at A$5.675 and low at A$3.870. It has maintained consistency in its dividend disbursement, and its last annual dividend yield was 3.1%. Its absolute return for the past 3 months, 1 year and 5 years are 9.14%, 16.88% and -16.39%.

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