Not Getting Schooled – Part 3
Previously we advised caution in investing in the education sector (see here) and noted that perhaps holders of securities in said sector may be taking on more risk than they’d first imagined (see here).
Fortunately for investors in the Montgomery funds, our caution still seems to be paying off. The saga continues at Intueri Education Group Limited (ASX: IQE).
Post a notice from the Tertiary Education Commission the firm has issued a downgrade of its full year forecast FY15 EBITA (calendar years). The market didn’t take the announcement lightly with the share price falling circa 31 per cent by the close.
Scott Shuttleworth is an analyst at Montgomery Investment Management. To invest with Montgomery domestically and globally, find out more.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
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Dom
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What about the legal sector especially in the UK and SGH?