Electronic Data Processing Share Discussion Threads

[arthur_lame_stocks] 03/8/2010 14:38

I can't find out much about Blenheim Engineering or its directors so I don't know if this deal is dodgy, fair or poor. At least it's at a profit over book.

[playful] 03/8/2010 12:10

Stephen Hinchliffe bought Beauchief Hall for 725,000 and sold it to EDP for 1.75m three years later IN 1988.



so lets look at what its really valued at:

A property located in UK which was valued at £1750000 in Q2 of 1988, would be worth approximately £6034041 in Q2 of 2010.

So they wish to sell for only £2.3 million - something smells very bad here, I hope Spencer Crooks takes a long look at this situation

[call-logger] 29/7/2010 12:37

I must be mistaken but I think this has gone up 3 days in a row

[arthur_lame_stocks] 28/5/2010 10:43

I think these are probably worth twice the current price if they realise some value from their property.

[davidosh] 28/5/2010 10:13

We probably need to get together and apply some pressure as the instos are unlikely to push for anything to happen and the market cap is very small especially after the tender offer two years ago at 50p has probably cleared a few out. It does leave more value behind for the rest of us though.

[arthur_lame_stocks] 28/5/2010 09:16

I've kept an eye on these for ages. What does such a small company need such a grand head office for anyway? Is Jack Petchey still a major shareholder?

They ought to move to more sensible leased premises, sell the head office and return the cash to shareholders imo.

[bigowl88] 28/5/2010 07:33

EDP interims just out ....

I am looking at the balance sheet and wondering just how much their HQ, Beauchief Hall, is worth at current market valuations ?

If you look in last years Annual Report you can see it is held at the 1988 historical cost of 2.45m plus capital additions over the years of 4.577m less accumulated depreciation to make a book value of 5.8m ....

Last years Rateable Value was 80,500 so capitalising at 5% yield would give it a value of 16.1m and capitalising at a more conservative 7.5% would still give 10.7m.

Company mkt-cap is 5.6m with the shares at 45p ....

Anyone have any thoughts on this? It looks very cheap.

[call-logger] 11/5/2009 12:47

Bought some more of these today, strangely at the same price as I bought my first lot in 2001.

Quality growth company.

[davidosh] 09/4/2009 15:17

I think a few have realised that the steady growth in eps and NAV are good for us long term so why sell and move on and exactly the point where we can benefit after all these years.

[feedthegoat] 27/3/2009 12:29

exactly my thoughts,we should be buying really.

[davidosh] 27/3/2009 11:55

The company has been doing well operationally, has lots of cash and property assets so why would we want to give up now ? Any shares bought in below NAV under the tender offer will improve the discount and future returns for the rest of us.

[feedthegoat] 27/3/2009 09:32

anyone tendering their shares,i wont be.

[feedthegoat] 18/8/2008 09:16

agree with you davidosh but i will be suprised to see 90p as Wassell never seemed to put his hands in his pockets to buy any shares at any price,tight Yorkshiremen an all that

[davidosh] 14/8/2008 16:01

By my calculations they should be able to pay 90p per share with all the cash and property on the balance sheet. As the business seems to be on the improve I will be happy to see it through without a buyout though so they had better offer a decent price or NO deal. The chairman has 10% so I doubt he will be a push over.

[feedthegoat] 14/8/2008 15:28

About time we had some info on what's going on.
nice tick up yesterday,used my last available funds to buy a few more.

[brownie69] 09/7/2008 08:40

Who are house brokers? Any other brokers provide research coverage?

[davidosh] 08/7/2008 22:11

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.

[mrsail] 08/7/2008 11:00

as its XD tomorrow will the dividend still stand even under a management buyout? or is that nothing to do with it?

[brownie69] 08/7/2008 10:40

So what is fair value guys? Can you split the assets from the goodwill of software business, valuation wise?

[feedthegoat] 08/7/2008 10:14

Very clever,steal the company for a song in the middle of market turmoil.
New it would come once Wassel was in the seat but caught out by how quickly they have moved.
the price needs to be well north of 60p though

[mrsail] 08/7/2008 09:47

not bad jump today!.... 10% profit in a day ...not bad..

not sure if I should sell or wait for any more news + divi of 10%
have a feeling this might drop by end of day...


Also will the divi still stand if there is a management buyout in the time before ex divi and payment?

[davidosh] 07/7/2008 17:31

I hope they take the property assets into account when making that offer and not just the earnings !!

[cyberpost] 07/7/2008 16:51

Statement re. Press Comment (Elec.Data Process)


RNS Number : 5026Y
Electronic Data Processing PLC
07 July 2008


Electronic Data Processing PLC

Statement regarding press speculation

Electronic Data Processing PLC ("the Company" or "EDP") notes the recent press speculation concerning a possible offer for the Company and can confirm it is in early stage discussions regarding a possible offer for EDP from its
management which may or may not lead to an offer being made for the Company.

A further announcement will be made in due course as appropriate.

[call-logger] 07/7/2008 11:39

Good I reckon given

The Sheffield-based group, which sells computer equipment and data processing services to distribution firms, would carry a price tag in excess of its current £13m market capitalisation.