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| 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 |
| Top Posts |
|---|
Posted at 18/10/2017 22:13 by roddiemac2 richjp,I am still out there. I too have held these in my ISA for years: a nice source of income: bought between 2001 and 2011.---Previously ,I held 13,000 shares when the dot- com bubble got into overdrive-madness. I sold 6,000 on the 15/12/99 at 178p and 7,000 on the 29/12/99 at268p , almost tripling my money in three months: a reminder of just how silly and gullible investors can be. Now,in a saner world, patience may well prove to be a virtue here! |
Posted at 27/4/2016 14:07 by tmfmayn Olesen disclosed 5.51% the other day, so it has bought a few more since its previous August 2015 disclosure.Ewing Morris meanwhile disclosed 5.15%, so no change there. Update: Boyles has now disclosed 17.87%, so no change there either. So far we have the directors and their non-beneficial holdings owning 29%, the 3 value funds owning almost 29%, RBS owning 2% and two private investors owing an aggregate 5%. |
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 03/3/2016 23:00 by roddiemac2 Once referred to In the Chronic Investor as that boring little company that never does anything with its money, either they are operating in a shrinking market and there are no suitable takeover targets , or they are too conservative and will never make that leap. I spoke to them about this a couple of years ago, and was told, with little enthusiasm, that they are always on the look out . I might try again.I agree the managers here need a bit of a kick. Perhaps the problem lies with the chairman. |
Posted at 17/3/2014 18:42 by roddiemac2 Hello pat,Sorry, I don`t often look in here ( because I am comfortable with my investment ) I would be surprised if they drifted , but don`t expect fireworks. Years ago I recall The Chronic Investor calling EDP" the company that never did anything with their money " That was before the credit crunch. I think it fairer to say they have been wise to be patient, but it would be good to see them acquire another business :about now would be good timing. My holding was bought between 2001 and 2011: all held in my ISA. I held them before the dot- com bubble but took very good profit when the shares got caught up in the fever. I remember Katy Potts at Herald saying she was unable to offload then, because of poor liquidity. |
Posted at 20/5/2013 23:03 by roddiemac2 feedthegoatSince Herald Investment held 13.81%, I think we can assume that Boyles Asset Management have bought Herald`s holding . Boyles Asset Mnt. --see below Welcome to Boyles Asset Management, and thank you for your interest. Our fund was launched in May 2013 and is inspired by the Buffett Partnerships of the 1950s and 1960s. We believe in pay for performance, and have structured our fund so that incentive fees are dependent on strong and enduring performance for our investors. Our philosophy is deeply rooted in value investing and it is complemented by a patient, long-term mindset and investment process. Our investment mandate is broad, though we operate with a particular focus on the equity of small and micro-capitalization companies. We participate in markets both in the United States and in select international territories. We look for investors that appreciate our approach and share a similar belief in the appropriateness of a long-term focus. See also boylesasset.com |
Posted at 08/7/2008 22:11 by davidosh I must say that it does seem rather cheeky to try to do a buyout just as the operating business is starting to make real profits as opposed to interest on the bank account propping up the eps !!They know that investors are battered and bruised and may give in to a cheaper take out price. I suspect the share price will slide from here as time goes by and they will take months before any news then try for a 25% uplift on the bombed out price at 65p or thereabouts. |
Posted at 04/12/2002 17:18 by mayfly This from Citywire back in July is slightly more up to date than the info contained in the header article.Obviously, I've got a few of these and so the usual caveats apply!? Lets wait and see whether the results herald a new dawn? M 09:27 Thr 4 July 2002 City dealers buy EDP, says Jemma George Some City dealers have bought shares in Electronic Data Processing for their own personal account because the software group trades on a big discount to net assets and they hope for a recovery in its core business, reports Jemma George. The basic maths are assets of 62p plays a share price of 36.5p. Cash in the bank represents about 24p per share and freehold property accounts for most of the rest of the assets. Electronic Data Processing is fighting the forces of lower activity levels across the technology sector but we think that a prudent management team and strong asset base still offer a compelling, if risky, case for investment. The company has cash in the bank and freehold property worth together over £15 million versus a market capitalisation of around £8.5 million. The directors own just over 21% of the company - a good sign to see them with a significant stake, albeit in a tiny company. For the six months to 31 March EDP (EDP), which operates as a wholesale distribution software and e-business specialist largely for the builders and merchants sector, recorded a reduced pre-tax loss of £200,000 against £280,000 previously, on turnover of £4.3 million. The loss is before exceptionals such as goodwill and a £150,000 share buyback, but after £950,000 of expenditure on product research and development. Recurring revenues represented 66% of total revenues, up from 60% last time, but there was a downturn in new business due to the softer market conditions. Operating cash flow remained positive and net cash in the bank of £5.8 million is only just down on the £6.1 million available at the end of September, thereby demonstrating self-funding investments, efficient operations and prudent cash management. The company intends to use its war chest to make further acquisitions of smaller businesses that are finding the going too tough. Certainly they need to do something to narrow the discount of assets. At the time of interim figures in May this year, the group said: 'Market conditions remain extremely tough and there are no signs of any significant short-term improvement in activity levels. With the strength of our balance sheet, net assets in excess of £15 million, we should ride out the current market weakness and will remain well placed to take advantage of improvements in trading conditions as they occur.' Despite the troubled markets and uncertain outlook, the board kept its promise and enhanced the dividend by 6% to 0.706p per share against 0.667p per share. The shares are therefore underpinned not so much by the prospect of a near-term recovery but by assets and a prudent and trusted management team. You've always got to be aware that cash is being spent by companies so that you cannot count on it always to be there. We haven't looked at the freehold property so we do not know whether the valuation of it in the books reflects its realisable value if sold. The companys £8.4 million market-cap is too small for many City funds but not for private investors looking for a recovery play that is also underpinned by strong assets. The biggest risk is a further deterioration in trading, which might lead to a warning on the full year numbers. Again, the assets help to offset excessive damage in such circumstances. It takes a bold investor to commit cash to anything with a technology angle in the current market, let alone a company the size of EDP, but a strong balance sheet, valuable assets, controlled cash flows and prudent management team offer four solid pillars for the future. EDP remains a buy but given the size of the company and the lack of liquidity in the shares, investors should go easy. |
Posted at 31/5/2002 08:39 by rangers99 From citywire11:52, Fri 19 April 2002 Twice bitten, twice shy Investors would be forgiven for running shy of IT companies but Electronic Data Processing and Business Systems Group offer strong balance sheets, net cash, dividends and a decent chance of share price recovery, believes Jemma George. Electronic Data Processing (EDP) and Business Systems Group (BSG) both provide computer and software-related services to businesses in the UK. The services include installations, software packages and hosting services as well as the sale and maintenance of computer equipment. EDP focuses on the UK independent builders and timber merchants market and the wholesale distribution industry, while BSG is a more general ebusiness and ASP software services group. Both companies have seen their share prices and market capitalisations plummet over the last 18-months, but to levels that could offer significant value. For the year to September, EDP made a pre-tax profit before exceptional items of £322,000, after spending £2 million on product and service development. Sales rose 24% to £10.4 million. At the end of the period the group had net funds in the bank of £6.1 million, or 24p per share, compared to a current market-cap of just £11 million and a share price of 45p (EDP). The group also paid a final dividend of 1.594p per share and has since bought back at least 1.5 million shares for cancellation, at an average price of 35p per share. Trading conditions were still tough in January but a leaner cost base and better operational performance from recent acquisitions should provide for 'a satisfactory result this year', said the company. BSG seems to be a step or two behind EDP in the recovery process, having seen a further deterioration in trading at the end of last year and continued pressure on the shares which now trade at 9p. The group has just closed its books on the year to March but is unlikely to report the figures until May/June. The only positive indicator is the purchase of 200,000 shares by finance director James Wheaton, at a price of 12.5p each, in February. A trading statement would be helpful. Interim figures showed an operating loss of £4.87 million compared with a loss of £416,000 in the corresponding period. The increase was largely due to a downturn in the consulting business and ongoing losses in its Webgenerics software division. Overhead reductions, including several redundancies, gave rise to an exceptional charge of £357,000 in the first half. A further charge of £460,000 is expected in the second half. There was no interim dividend but on a more positive note there was £9.15 million of cash in the bank at the end of September, albeit much lower than the £14.9 million this time last year. If the group has maintained this position, then the shares are trading at a huge discount to cash but even if the cash is nearer £5 million, there is some value relative to a market-cap of just £4.6 million and sales of more than £25 million. In June, BSG acquired technology consultants Atomic Tangerine, for £932,000 and a deferred payment of up to £5.75 million although the total is expected to be about £3 million. Atomic has some decent working relationships in the financial services sector and offers various compliance-compatibl However, BSG is a comparatively more risky bet given its ongoing losses, lack of dividend and the need for some signs of recovery. The shares (BSG) are down a further 0.75p today at 5.5p. Both these companies have attracted support from shrewd investors in the past and there are one or two who are still lurking on their registers. The shrewd team at Electra Select Performance, led by Nick Ross, actually have a foot in both camps. Electra holds 175,000 shares in Business Systems Group which it originally bought in September 2000 and has not touched since December of the same year. In January 2001 Electra bought into Electronic Data Processing and last added to its stake in late February of the same year to give it a total of 250,000 shares or 0.96%. Technology and media expert Katie Potts has also taken a stake in Electronic Data Processing on behalf of her Herald investment trust (HRI). She holds 1.88 million shares, equivalent to 7.19% |
Posted at 03/3/2001 22:58 by djalan Write up in Fridays investors Chronicle. Not a recommend, just an annual report review.Nav 67p Net cash £9.56M Dividend yield (@ 54p)4.1% Market value @ 54p £14.12M If anyone is interested I will type out their words. I don't hold these shares, they are on my slush-fund watch list. Djal |
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