NextEd Says New National Code Changes Will Not Dent Earnings

The latest announcement is out from iCollege Ltd. ( (AU:NXD) ).

NextEd Group Limited has advised that recent amendments to Australia’s National Code of Practice for Providers of Education and Training to Overseas Students, which ban education agent commissions on recruiting international students who transfer onshore from another provider before completing their principal course, are not expected to have a material impact on its earnings or student enrolments. The company notes that onshore transfers are a minor component of its commencements, its diversified mix across VET, ELICOS and higher education limits exposure to the affected recruitment practices, and its Go Study agency is not expected to be materially impacted; NextEd argues the changes will more heavily affect providers more dependent on onshore international higher education transfers and says it is well positioned to benefit from a more transparent and compliant international education sector created by these integrity-focused reforms.

The most recent analyst rating on (AU:NXD) stock is a Sell with a A$0.24 price target. To see the full list of analyst forecasts on iCollege Ltd. stock, see the AU:NXD Stock Forecast page.

More about iCollege Ltd.

NextEd Group Limited is one of Australia’s largest listed private education providers, operating a national campus network across major cities including Adelaide, Brisbane, Gold Coast, Melbourne, Perth and Sydney, alongside global recruitment offices. The company offers English language, vocational education and training (VET), and higher education programs across disciplines such as business, technology, design, hospitality, health and community services, targeting international and domestic students seeking career-focused qualifications.

Average Trading Volume: 361,719

Technical Sentiment Signal: Hold

Current Market Cap: A$55.61M

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