Education Development Share Discussion Threads

[cockneyrebel] 12/4/2008 10:42

Good find Bookworm, cheers.

CR

[bookworm1] 12/4/2008 10:25

This looks quite new

Education Development International (EDI, has increased database capacity tenfold by migrating data repositories and business-critical applications on to
Oracle Database 10g with Real Application Clusters

[cockneyrebel] 12/4/2008 09:42

Yes bigbigdave :-)

CR

[gac100] 12/4/2008 09:16

What magazine article?

[bigbigdave] 12/4/2008 06:06

That someone probably had a sneak preview of a certain magazine article 8-)

[cockneyrebel] 11/4/2008 20:43

Someone picked up 60K late today.

Historic PE 8, forward PE 7. Cracking for a co that grew earnings 100% last year, are forecast to grow them at 25% this year and before the interims are out are confident enough to say they will beat expectations this year. I'd want to know we had already done a monster H1 to have the confidence to say that before the interims are out.

"The early integration of the ASET business will bring additional benefits during the second half of this year and on into 2008/09. As result of this and the other positive factors reported here, we expect to exceed market expectations for the current year."

The chairman buying 200K @ 42.5p after that statement looks convincing too imo.

2 blue on L2 - reckon the next leg up starts soon - only 2mm's left on the offer after that 60K buy.

CR

[the gulpster] 01/4/2008 12:47

duck, duck, duck

[cockneyrebel] 01/4/2008 11:19

Looks like the CGT seller is done or nearly done Penpont - one MM going blue.

Might be a hot week for AIM next week and a few others imo.

CR

[penpont] 27/3/2008 15:38

Looks to me like this is another Aim stock that is suffering from Darling's taper relief abolition. Must be at least a few holders who bought in much lower and are banking gains before the April deadline.

Thinks I'll hold off adding until that's passed.

[cockneyrebel] 26/3/2008 08:50

just had another 15K at below what the Chairman recently bought his 2K for.

Looks a nice point on the chart and results not miles away - this won't hang about when it starts rising again imo.

CR

[rcktmn] 14/3/2008 12:01

do you have the link /website for Chartbreakout. ? thanks

[arrash] 14/3/2008 11:28

Also tipped in Chartbreakout.

[manrobert] 14/3/2008 08:00

Tipped in investors chronicle today hence mark up.

[bookworm1] 12/3/2008 13:43

Budget announcement of extra £60m over next three years for improving skills in the labour market

[bookworm1] 11/3/2008 10:06

Carter & carter to appoint administrators

[bookworm1] 07/3/2008 20:49

Why not? A good find res1606 am sure that there will be a few more..

[res1606] 07/3/2008 13:53

Working with Sainsburys?

[madtim] 05/3/2008 20:43

this is my fav share at the moment it keeps getting better!

[stegrego] 04/3/2008 18:24

GCI

EDI: earning full marks - BUY
Companies: EDD
03/03/2008
With four profit upgrades in the space of seven months, you might expect the shares of Education Development International (EDI) to be trading on a pretty rich multiple.

But despite a recent trading update, which prompted the firm's broker, Brewin Dolphin, to up its pre-tax profit forecast for the current year from £2.8 million to £2.9 million, the shares sell for less than 8.5 times prospective earnings. For a business that doubled earnings in 2006/07 and looks like achieving more than 25 per cent growth in 2007/08, that is a mean rating.

EDI grew out of a dot-com disaster called Global Online Assessment for Learning and it has since been transformed under chief executive Nigel Snook. The technology it inherited remains one of the keys to its success.

There are three areas to EDI's business. In the UK, it is accredited by the government to award vocational qualifications such as NVQs, delivered by further education colleges and other training providers. Increasingly, students are assessed online, which is a big plus for EDI's margins. The firm helps professional organisations, such as accountancy bodies ACCA and CIMA, run their foundation-level qualifications.

EDI is a business growing at 20 per cent or more a year. It could get even better if government moves to promote more employer-sponsored apprenticeships and other training programmes bear fruit. In a recent announcement, the government pledged an extra £250 million to aid skills training. The likes of EDI can help employers tap that money by providing a package that gives their in-house programmes official accreditation. EDI's chances of success here have been boosted by last year's acquisition of another accredited awarding body, ASET Group.

Area number two for EDI is its international exam board business, London Chamber of Commerce and Industry International Qualifications (LCCI). The business is big in South East Asia and parts of Europe (Germany in particular) and is growing at five to ten per cent a year.

Finally, there is a support services operation, the core of which is an electronic platform, i-assess, which allows professional bodies to run their own online assessments. Most of the contracts here are of several years' duration and are low maintenance.

EDI made three acquisitions last year and Snook is clearly looking for more. Last year's deals used up what was a mounting cash pile but, with strong cash generation, the company could well have £1 million in the bank again by the September year-end. Of course, that won't happen if it buys another business before then – which seems highly likely.

Brewin Dolphin is now looking for earnings of 5.7p next year, which would drop the multiple to just 7.4. The shares performed strongly in 2007 but still look to have a long way to go on a two-year view.

[nicedude1976] 04/3/2008 15:50

Better late than never, these still have upside potential.

[theo13] 04/3/2008 14:56

sneaky CR - LOL! No wonder you were so dismissive when I mentioned them on your thread - glad I had already bought some!!

[manrobert] 04/3/2008 14:50

i got back in with 13000.