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EDD Education Dev

201.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Education Dev LSE:EDD London Ordinary Share GB0004486006 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 201.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 201.50 GBX

Education Development (EDD) Latest News

Real-Time news about Education Dev (London Stock Exchange): 0 recent articles

Education Development (EDD) Discussions and Chat

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Education Development (EDD) Top Chat Posts

Top Posts
Posted at 07/3/2011 16:08 by qvg
@davidosh
sorry to hear that. I know how you feel, same happened to me on Norkom. For EDD, I was thinking of reducing last week, but luckily I never got round to it.
Posted at 07/3/2011 15:02 by bookworm1
I'll see you on the zulu thread soon. Thanks for your insights into EDD.
Posted at 07/3/2011 14:38 by interceptor2
I remember, you stuck with them for years.

I have very fond memories of EDD buying at 24.5p in 2007 until selling in January 2010. They got me through the 2008 downturn by themselves.

ic2........
Posted at 07/3/2011 14:11 by interceptor2
Bad luck davidosh, but well done to holders. I never did get back into EDD but was tempted a few times. A good buy for Pearson imo.

ic2........
Posted at 07/3/2011 07:56 by stegrego
Bought these at 95p a few months ago, so 200p is very welcome.

Well done EDD.
Posted at 14/7/2010 14:30 by essentialinvestor
interceptor

I made a Short term call on EDD, and the share price is down about 30% since.

If anyone was upset by this, which I very much doubt,
they must be distraught by now.

My reasoning, the increased uncertainity caused by a change of Government,
was spot on.

It was an easy call to make, and as that view had not been expressed
on this thread, thought it was worth making at the time.

From this share price level and on EDD's longer term prospects, I cannot say.

Brave perhaps to Buy now, however the best returns are often made going
against the trend, in fact it worries me when too many share my view.
Posted at 13/7/2010 16:14 by interceptor2
It's interesting two compare the price action of EDD against RM. since the start of the year.

EDD 140p now 93.5p = -34%
RM. 160p now 151p = -5%

RM. will be directly affected by the government stopping all future BSF contracts. And EDD to be little effected as far as the last trading statement was concerned.

Efficient market theory??????

Regards ic2........
Posted at 11/1/2010 18:19 by bookworm1
Interesting. Lets see how many follow his lead? He might just be profit taking with a view to buying some more back cheaper or he could be taking his money elsewhere. Who knows. Personally I still think your price target of 200p is achievable but earnings will have to grow to 15.4p so it might take EDD a few months to achieve.

Rereading his article published in Investors Chronicle last March

"My own buying, resulting in a current holding of 3.7 per cent, has contributed to the share price having a great run during the past couple of months. And after the announcement of increased profit expectations, there was further buying by directors, who added to their already significant shareholdings.
The tax charge has to be considered as there are just £4.3m of tax losses to be used in 2009 – and they will run out in 2010. Another factor is that the rate of growth will slow from the astonishing 65 per cent, but it still looks as if it should be substantial, especially in relation to the low PE ratio. I find it hard to understand why a company such as EDD in a business so well suited to today's difficult conditions, growing very fast and generating plenty of cash, should be on such a low prospective multiple."

Whilst the companys rate of growth is expected to slow to a more sedate 20-25% the next phase of investment will create plenty of extra capacity.

His support has helped the company build its market capital from £14m to £80m so it may be that some of the institutions will start buying some of this stock now. Nigel certainly gets out and about and by all accounts gets a favourable reception from potentail funders willing to invest.

I suspect that JS is being a bit canny in the short term but long term holding.

Edit: He may have used to money to go back into Vialogy as it has gone up 50% in the last day or two and was one of his shares.
Posted at 18/2/2009 23:23 by interceptor2
I have also found the brokers forecast for 2010 a tad hard to understand, even if you used a full tax charge at 28% it still doesn't work out. As you say bookworm they had £4.3m of unused tax credits on 30/09/08 and would still have some to use this year. The last results EDD were taxed at a 15% rate. I think the brokers are being too cautious for 2010, I know brokers are normally cautious and like to upgrade the figures during the year, but in this case they saying that 2010 will see only 5% growth, but when you read the bullish trading update then it is clear that they will outperform.

I find it an odd statement to say that most of the growth has come via acquistion. On the last full year report the BOD state that growth has come from strong organic growth, and this is bourne out when you check the results, Revenue was £21.5m of which £2.2m was from acquisitions.

There are so many reasons for EDD share price to continue to perform well, maybe after a pause for breath. After one of the most bullish trading statements I have yet to see this year, the directors wasted no time and brought heavily on the same day. And we have seen some very heavy buying volumes on 5th Feb and yeasterday. As I said on a earlier thread I had always thought EDD would be a takeover target some point, and with a weak pound now would be a very good time.
Posted at 18/2/2009 21:55 by bookworm1
john after trading sideways since Oct 07 I suspect the recent Trading statement has done a lot to calm any concerns and the share price has seems to have resumed its normal upward trend (which IMO is where it should have been a long time ago). However where it will go over the next 12 months is anyones guess. Certainly this is a very well run little company that is starting to get noticed for all the right reasons; appearing to be quite recession proof and being well balanced between both the corporate and educational sectors as well as home and overseas markets.

But whilst an analysis of the fundamentals demonstrates that the company does what it says it will do if you look at the share price over the last 12 months it has not not totally been able to avoid the influence of market forces despite despite holding up very well in comparison.

So whilst I share your enthusiasm for EDD and welcome the recent (spectacular) improvement in price I am wondering what fundamental or technical improvement is likely to drive the share price even higher when it could just as well consolidate at this price level and trade sideways for another 12 months (going up and down) until the next year end results are delivered.

I would like to be proved wrong but how would you feel if you buy into this share and when all the tipster shareholders get bored and impatient find that the price falls between now and the summer only to rise again on positive interim results?

I would welcome a discussion from anyone on this board about any of the fundamental or technical factors that are likely to drive or influence this share price over the next 12 months.

I did run EDD past JTCod for his opinion and whilst he was quite complimentary about the result he made the following observation that "Growth is only being supported by acquisitions" which I would dearly like to counter but to date have been unable to disprove with any numbers or analysis. My gut tells me that he is wrong and that what he sees as growth funded by acquisition in fact masks a fundamental restuctruring of the cost base that has taken place and is now starting to deliver.
Education Development share price data is direct from the London Stock Exchange

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