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EDP Elec.Data Proc.

90.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Elec.Data Proc. EDP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 90.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
90.50
more quote information »

Electronic Data Processing EDP Dividends History

No dividends issued between 26 Apr 2014 and 26 Apr 2024

Top Dividend Posts

Top Posts
Posted at 07/12/2016 09:57 by tmfmayn
yep, FY results due this week or next I think

hopefully the chumps will also include an update on the strategic review

wishful thinking perhaps, but at least the ongoing stock-exchange OPD requirements mean EDP remains open to bid discussions

a non-exec at Sanderson PLC has bought a few more EDP shares recently. Sanderson PLC owns 2.3% of EDP and its directors now now 0.7%.
Posted at 02/6/2016 08:51 by cwa1
Half year results out in case anyone had missed them:-
Posted at 05/5/2016 16:41 by tmfmayn
NickK1, great minds -- I was just about to post about Sanderson. Its investment goes back to 2012, when it spent £131k on 292,500 shares = 45p each. Interesting the directors of Sanderson own a further 67,587 shares. The statement issued by Sanderson is an opening position disclosure prompted by the review and stock-exchange rules. If Sanderson subsequently deals in its EDP shares, it will have to issue a revised shareholding update. Anyway, I think it is bullish a sector player holds some EDP stock and might know a few potential bidders -- Sanderson may be too small to bid for EDP itself.
Posted at 21/4/2016 15:08 by tmfmayn
roddiemac2,

I believe these are the latest RNS holdings of the three:

Boyles:

Oleson:

Ewing Morris:

I reckon they represent 17.87%, 5.25% and 5.15% respectively.

Each should be issuing an OPD soon to clarify what exactly they own now. A few OPD RNSs have already been issued, including some from who appear to be individual investors (Spencer Crookes and John Rockliff)

Good point about Heller. I always thought it odd that EDP struggled to sell its properties despite Heller running London & Associated Properties and presumably knowing the ins and outs of the sector. Although looking at L&AP's performance over the years, maybe it is not that surprising. Hopefully he is keen to want out and get a good price.
Posted at 21/4/2016 12:38 by roddiemac2
TMF Mayne,

They don`t show an up to date list of notifiable holders in the printed version of the accounts. can you verify that Boyles Fund, Olsen Value Fund, and T D Securities still hold 17.81%, 5.25% and 5.15% respectively ?

Heller has been a director since 1965 , and non exec chairman since 1977. He is not a young man, and holding 2,571,000 ( beneficial) + 997,500 ( non beneficial), he may be failing and want out.It is not unlikely that he has been calling the shots : too old and too conservative---? He may be responsible for what appears to be lack of "adventure"

I have a holding; moderately profitable due to the dividend payments over many years. I will not be adding. The company has been going nowhere.
Posted at 20/4/2016 11:54 by tmfmayn
Richjp, there is another Thread on the EDP ticker that is (slightly) more active
Posted at 18/4/2016 15:54 by tmfmayn
A bidder may be looking at culling central costs. In particular, the board earned £400k last year. Stock-exchange charges, broker fees etc may all disappear as well. Could all make a difference on a business that reported only a £377k operating profit last year.

Also, a rival software supplier was bought by a (now-ex) EDP customer the other year. So another customer buying EDP might make savings, too, to justify a premium.

Well, let's see anyway.
Posted at 02/3/2016 15:24 by tmfmayn
Exciting times :-) As well as the dividend, I have wondered if there have been any whispers of the trio of North American funds (combined 28% holding) starting to agitate the board. I suspect this business could improve its profitability significantly if it were taken private and listing costs, broker fees etc were removed from the cost base. I think the managers here need a bit of a kick generally as revenue has now been stagnant (or worse) for years. At least there is that 5p dividend while we await any possible developments.
Posted at 02/3/2016 15:11 by cwa1
Hmmmm. It's alive! And the day befoe XD to boot. Not a coincidence, I suspect. Pick up the 3p today and next year's already mooted dividend of 5p gives a total of 8p in a year's(and a few days!) time. On the purchase price of 72p that's a yield of over 11% to start with. OK, the share price should come back by some, or all, of that but if the company shows any sign of health it might well not-or even improve. Worth a punt I feel.
Posted at 11/12/2015 07:31 by cwa1
Busy board!

Prelims out:-

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