VOCATIONAL EDUCATION – AUSTRALIA

Careers Network falls 20pc on sector trauma

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Original article by Kylar Loussikian
The Australian – Page: 19 : 16-Dec-14

Australian Careers Network’s stock finished its first day of trading at $A1.36 on 15 December 2014, after listing at $A1.70. The vocational education and training group’s IPO was worth $A54.4m, after it initially aimed to raise $A100m. CEO Ivan Brown says part of the proceeds will be used to finance acquisitions. Several other recent IPOs in the education and training sector have also underperformed

CORPORATES
AUSTRALIAN CAREERS NETWORK LIMITED – ASX ACO, PETRA CAPITAL PTY LTD, VOCATION LIMITED – ASX VET, SIMONDS GROUP LIMITED – ASX SIO, BUILDERS ACADEMY AUSTRALIA, AUSTRALIAN MANAGEMENT ACADEMY, COVE TRAINING

Foreign students to bring in $30b

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Original article by Alan Olsen
The Australian Financial Review – Page: 35 : 6-Oct-14

Australia’s education export industry was worth $A16.4bn in 2010, compared with just $A7.9bn in 2004. This fell to $A14.6bn in fiscal 2013, but there has since been a rebound in international student enrolments as the Australian dollar weakened. It is estimated that if the number of foreign students continues to grow by about five per cent annually in coming years, the nation’s education export market could be worth $A30.8bn by 2020

CORPORATES
AUSTRADE, ECONOMIST INTELLIGENCE UNIT