AEC Education Share Discussion Threads

[interceptor2] 07/3/2010 18:00

The date that TDW show is only an astimate for tomorrow, so if they dont release results tomorrow I will give them a call and try and find out.

[triguy] 05/3/2010 09:39

Was told they are definitely out next week, 8th I think.

[guru] 05/3/2010 09:22

I think it is early may for the results.

[interceptor2] 03/3/2010 11:24

Full year results due Monday 8th March, according to TDW site. Can anyone confirm please.

[kingjames] 09/2/2010 13:28

Hi,

It appears that Haider Sithawalla, the new group FD, does not have any officially recognised accounting qualifications (after a Google search and review of personal history).

If this is the case, it is a serious issue.

The company is heavily involved in acquisitions which are difficult to account for and therefore, the accounts may be subject to material errors and omissions.

Please let me know if you have heard anything in connection with Haider Sithawalla's experience?

Kind regards,

James White.

[interceptor2] 08/2/2010 18:45

Agreed Barnsey I had the same feeling after todays RNS.

[barnsey] 08/2/2010 16:08

I can confirm no trading update but results will be out earlier this time.
Sorry no firm date for results.
Gut feeling says there could be more on the way after todays rns.

[interceptor2] 08/2/2010 15:20

Not the trading update I was waiting for, but news today does have a positive sentiment.

TDW are showing finals due 26th February, which is much earlier than normal, but should be possible with year end on 31 December.

Can anyone confirm please.

[melody9999] 29/1/2010 21:21

Not a lot of shares changing hands this week then !

With up to 3p spread not surprising. Even with a strong statement, I'm not sure Mr Market will buy in when its in such a poor frame of mind. I'll keep checking in though.

[interceptor2] 20/1/2010 17:45

Trading update was on 18th January last year, so expecting one at any time. 70k various buys today from 20p early in the day to 20.95p later.

sp gaining ground in anticipation of a strong update?

[interceptor2] 05/1/2010 15:06

And up we go again on improved volumes. It won't take alot of buying to get these moving higher.

[guru] 05/1/2010 09:30

I have a good feeling about this for 2010. Their half yearly results were impressive and with the Malvern Business kicking in, their full year results should be even better.

[interceptor2] 04/1/2010 19:38

Good to see these bounce of the 16p support level, which have held three times this year. Should be a trading statement within two weeks.

I have been very tempted to top up at these levels, but have resisted breaking a major rule of never averaging down. Will wait for the trading statement before deciding what to do.

Can't see any reason for the recent price weakness, apart from very low volumes and general apathy towards small cap shares.

[interceptor2] 03/11/2009 16:18

Added some more today.

Hope they can replicate in Asia what EDD have achieved in the UK.

[interceptor2] 24/10/2009 16:21

I like the look of the chart now. Upto February 2009 it looked like it had flatlined with no movement and hardly any volume. But look at the volume since April/May 2009 which looks more consistant than before, with the chart looking much more healthy now.

I think the potential here could be substantial, and I look forward to adding to my holding into strength.

[interceptor2] 14/10/2009 10:30

Good to see AEC continuing with their stated acquisition plan, as long as they dont issue millions of new shares to raise more funds, we should see continued strength from here.

btw - I think we have seen the last of issuing equity to raise funds. imo

[guru] 14/10/2009 08:21

AEC, the educational programmes and examinations provider, is pleased to announce that it has acquired the remaining balance of shares it does not already own in IMS Professional Training Services Sdn Bhd ("IMS") and Kasturi Management Consultancy Sdn Bhd ("Kasturi"), the educational institutes based in Malaysia. The balance of shares, totalling 70% of the issued share capital of IMS and Kasturi, has been acquired for a total consideration of approximately £442,000 (MYR 2,400,000) in cash.

Sounds good.

[interceptor2] 08/10/2009 16:42

I thought we might see some short term weakness after the Interims, but it seems to be overdone now. I brought in today for the first time after following them all year, I still hold EDD and hope AEC can do as well for me as they have.

It's good to have exposure now to the far east education market, where growth should be very strong.

The chart should offer good support at 16p level.

[investinggarden] 30/9/2009 11:06

Swords hoping to cut deals

[stegrego] 22/9/2009 19:30

Above


Far East-focused education training and examinations play AEC is delivering strong growth in resilient markets.

AEC, which provides educational courses up to post-graduate degree level in Singapore, Malaysia, Vietnam and China, as well as London Chamber of Commerce and Industry (LCCI) exams and qualifications across Asia, earned marks by growing sales 21% organically to more than £3.2m in the half to June.

Pre-tax profits powered 31% higher to £403,000, earnings rose to 1.3p (2008: 1.2p) and AEC ended the half with £3.15m in net cash, having raised more than £1.6m of fresh cash during the half.

'Pretty pleased' with the results, chairman Liam Swords says that in spite of wider economic tumult, the company's Far Eastern education markets remain resilient, with students 'often seeking to enhance their employment prospects via well-regarded educational programmes and qualifications'. Accordingly, he highlighted 'excellent' performances from Malaysia and Singapore, with China 'still showing growth, albeit slower than we expected'.

Shortly after the period-end, AEC took 'another major step forward' with the cash and shares-based acquisition, capped at just below £4m, of London-based Malvern House in a deal almost doubling its size. Offering English language learning courses for foreign students, as well as business administration and other courses, Malvern has brought a UK presence and will enable AEC to tap into strong demand for UK-based study from the Far East. Expecting to announce further acquisitions in the coming 12 months, Swords says AEC remains focused on the delivery of further organic growth.

Comfortably on track to meet full year forecasts – house broker WH Ireland predicts £1.2m of pre-tax profit from £9.45m sales and earnings of 2.3p – the shares are trading on less than eleven times forward earnings and look an educated bet

[investinggarden] 22/9/2009 15:33

Buy recommendation from GCI

[barnsey] 21/9/2009 22:43

Today from investors chronicle,link below.

[barnsey] 21/9/2009 22:32

Write up today last thing in growthcompanyinvestor, sorry not a member.


AEC Education 21/09/2009
Far-East focused education training and examinations play AEC is delivering strong growth in resilient markets.

[pre] 21/9/2009 18:20

still expect this to trade alot higher than current share price ...well cheap imo..