3 High Quality Compounders With Long Track Records Of Success
These ASX 3 stocks have a track records of success, pricing power, and the ability to invest in growth. Winning stocks often keep on winning.
IDP Education (ASX: IEL)
IDP Education Limited (ASX: IEL) is a global education services provider headquartered in Melbourne, Australia. Founded in 1969, IDP specialises in international student placement and English language testing. The company co-owns the International English Language Testing System (IELTS), one of the world’s most widely accepted English language proficiency tests.
IDP Education offers student placement services across Australia, the United Kingdom, the United States, Canada, New Zealand, and Ireland, providing counselling, application processing, and pre-departure guidance. Additionally, IDP operates English language schools in Southeast Asia and delivers digital marketing and event services through its IDP Connect division.
IDP Education listed on the ASX on 26 November 2015 at an IPO price of $2.65 per share. Despite recent challenges in the international education market, IDP continues to adapt its strategies to maintain its position in the sector.
IDP Education (ASX: IEL) Achieves Excellent 1H FY 2024 Results
IDP Education (ASX: IEL) posted strong results for 1H FY 2024 after a dismal FY 2023. The turnaround was largely thanks to one star performing business line.