Education Development Share Discussion Threads

[res1606] 18/11/2008 21:58

Numbers due end November. After 1.6/p at interims, are we looking for 5.1p/share for the full year? (+25% yoy). Fully dilued would put the shares on 8.7x historic earnings with 15-20% growth outlook. Still here and still happy!

[rcktmn] 04/11/2008 11:04

This will change in the run-up to the next results at the end of Nov... this'll soon start heading in the right direction (imho)

[nicedude1976] 04/11/2008 11:00

The share price trend seems to be reversing though...

[bookworm1] 16/10/2008 13:39

Pearson announce the following 9 month trading results yesterday for their educational arm;

Education business is trading in line with expectations, with sales up 10%.

The integration of 2007 acquisitions is progressing well and margin guidance is unchanged with 2008 margins expected to be similar to the 2007 levels, even after significant expensed integration costs, with margin improvements in 2009 and beyond.

In North American Education, sales are up 11%. The fourth quarter is an important selling season in higher education, but we expect our full-year sales to grow by around 10% (or by 2-4% in underlying terms).

In International Education, sales are up 10%, with full-year sales growth of around 10% (or in the low single digits in underlying terms) expected.

Professional Education business is trading in line with expectations, with sales 1% lower after nine months, but expected to increase in the low single digits for the year as a whole.

At the FT Group, sales are up 11%. At FT Publishing, sales are up 14% with advertising revenues 1% ahead of 2007. The Financial Times and Mergermarket are continuing to increase their content revenues and build their audiences through the volatility in global financial markets. Mergermarket is achieving good sales growth and strong renewal rates. Operating profits continue to show good growth, as expected, and for the full year we expect FT Publishing to increase profits even if there is no growth in advertising revenues. At Interactive Data, sales are up 8%, benefiting from continued new business wins.

[rcktmn] 24/9/2008 06:56

Good solid RNS release this morning...


EDUCATION DEVELOPMENT INTERNATIONAL PLC




CONTRACT WINS AND TRADING




Education Development International plc ('EDI' or the 'Group'), the leading provider of educational qualifications and assessment services announces the renewal and extension of three key contracts.




Contract Renewals




Accountancy body ACCA which uses the EDI i-assess testing platform to deliver certain of its qualifications online has confirmed a renewed three year contract with EDI after a market testing exercise. ACCA plans to extend its already significant use of on-line testing during the period of the contract.




JHP Training - one of the leading private sector organisations providing vocational training services across the UK - is entering into a three year contract with EDI, again after a market testing exercise, for its vocational qualifications and online assessment requirements. The new arrangements will reinforce the strong growth in JHP's business over recent years and benefit from the long-term relationship which already exists between JHP and EDI.




New Contract




After initial piloting work, the School of Mathematics and Statistics, Newcastle University, has now confirmed that it will enter into a full three year contract with EDI for the use of the i-assess platform. Although this is a relatively small scale contract it provides an important opportunity to develop and promote opportunities in the higher education sector.




Trading




Confirmation of these contracting arrangements comes during a period of positive trading in line with the Board's expectations.




Commenting on the developments, EDI Chief Executive, Nigel Snook, said:




'We are delighted that our business relationships with ACCA, JHP Training and Newcastle University have been confirmed and will be extended, especially as the new arrangements are as the result of rigorous market testing.'




'We envisage the value of these contracts will increase steadily over the next three years as we work closely with our partners both to develop new services and maximise the take up of existing opportunities.'

[bookworm1] 16/9/2008 13:16

OT: OK well as it is so quiet on this board why not give a brief synopsis of CCT. From what I could see they have had a bit of a hiccough in 06 & 07 but appear to be back on track although the share price has been on a bit of a rollercoaster. Did they acquire another company cos there seems to be some indigestion going on between diverging Profits & eps? The dividend yield is growing steadily to encourage shareholders to hang on. My concern is that they are classifed as a media co which usually suffer quite badly in a recession.

[cambium] 16/9/2008 11:19

sorry to be perdantic, I am only saying that as a disgruntly cct investor!!!

[bookworm1] 16/9/2008 10:25

I dont have a clue about cct so I will rephrase what I said to "It is usually (in my experience) a good sign..."

[cambium] 16/9/2008 10:17

not always look at cct

[bookworm1] 16/9/2008 08:40

Its always a good sign when the company buys up shares for the employee benefits as it tends to suggest that performance targets are being achieved and is an early indicator that results should be on track. The share price has staged an excellent recovery since June with support at 36p and resistance at 44p.

[res1606] 16/9/2008 08:16

NED buys £80k, company buys £400k at 40-42p. Last time directors and the company were buying the shares did well over the following 12 months. DYOR.

[rcktmn] 21/8/2008 15:38

SP continuing it's steady recovery rise ! It's looking good
Nice to see when much of my portfolio has taken a hammering! over the past few weeks/months!

[bookworm1] 12/8/2008 15:23

Another update on EDD by AlicinWonder1 on TMF


Highlights:
an excellent interim 2008 presentation on the EDD website:
1

I met up with Nigel and Paul, CEO & FD, after the announcement of the 2008 interims. Both were in good form, Paul had only just joined but he was not shy about making a contribution, and Nigel was Nigel, which means he was bursting with energy.
Neither seemed fazed about the need to increase both turnover and profits going forward.

Conclusion
With an EPS of 1.3p achieved in 1H 2008, double that achieved in 1H 2007, and 3.6p achieved in 2H 2007, I am expecting circa 5.5p for FY 2008, which is in line with market expectations. Assuming a PE ratio of 8, this would put EDD on a 'fair' share price of 44p.

[rcktmn] 12/8/2008 10:34

nice to see the share price slowly recovering...looks quite solid at these levels....however, now I've said that I hope it doesn't drop again !

[moob] 02/8/2008 19:05

stop spamming the sites with a ramp you idiot

[roughjustice] 02/8/2008 18:56

Tipped on - fifth episode

[bookworm1] 14/7/2008 08:49

Exams chief to be quizzed by MPs

Sats are regarded as an important stage in a child's education
The head of the exams watchdog for England is to face questioning from MPs to explain the problems with this year's Sats results.

Administrative problems have led to results for over a million pupils being delayed for at least a week.

Ken Boston, chief executive of the Qualifications and Curriculum Authority, is to appear before an emergency Commons committee meeting

Ministers have already announced an independent inquiry into the affair.

This year the tests for 11- and 14-year-olds were run by the US company ETS - and schools have complained of the problems being caused by the failure to return the results by the promised deadline.

[rcktmn] 08/7/2008 08:33

It must be a buying opportunity !

[nicedude1976] 08/7/2008 08:22

Better worry than sorry. Biggest falls for years mean the uptrend may be over. Or this could be a buying opportunity? That is fun with shares :)

[bookworm1] 07/7/2008 14:55

rctmn nothing wrong with the company. Just market uncertainty affecting the sector. If a wheel had come off we would have heard something about it. If someone was dumping a large holding we would have heard about it. There has been sustained selling pressure over the last few weeks but probably for the wrong reasons due to concerns about delays in the diploma qualification. However the company announced that this will have minimal effect on this years accounts and is a long term project. Similar companies have equally been affected.

If you look at the share price over the last 5 years it has just fallen back to the middle growth line. Even in the worst case if it were to fall back to say 18p it would still be within its long term growth trend line. I see no cause to worry.

[rcktmn] 04/7/2008 08:37

Be nice to have Brewin Dolphin update..

[rcktmn] 04/7/2008 08:35

RNS this morning...
Is the reason for the recent (overdone?) drop in the share price ?

will the share price start to recover now ?


Education Development makes 96,333 pounds deferred payment for eNVQ
AFX


LONDON (Thomson Financial) - Education Development International Plc. (EDI) said it has made a deferred payment of 96,333 pounds in cash and shares, relating to the May 2007 acquisition of eNVQ Ltd.

Of this, 70,750 pounds will be paid in cash with the balance 25,583 pounds payable by issuing 79,205 new EDI shares at 32.3 pence, representing 0.14 percent of the company's enlarged share capital.

Following this, EDI said it has a total 57,591,496 shares in issue.

Over the past 12 months, EDI said eNVQ revenues have increased 22.5 percent to 127,777 pounds - which in turn triggered the deferred payment.

Under the terms of the purchase agreement, deferred consideration is payable on the basis of incremental revenue at the end of each of the three years following the acquisition.

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