Europasia Education Share Discussion Threads

[gagner2006] 03/3/2006 10:50

this seems incredibly affordable given the rampant success of ceg on ofex?

[timely] 17/2/2006 16:33

The MMs have woken up!!

[boonboon] 17/2/2006 15:31

I'm surprised this hasn't moved after the CEG results.

[encarter] 30/1/2006 08:10

Yes i saw it on the news so it must be true.

[mercedes] 20/1/2006 10:10

MC

Fact was given on a tv programme recently........dont take it to heart. Think he was just trying to give some idea of scale.
Patience is a furtue and you will need it here?

merc

[mcsean2164] 19/1/2006 09:33

Very quite, anyone know the reason for the share price drop.

encarter, what are you basing your figures on? Is it primary school, high school or university level english? I'm fairly certain the majority of people in the US wouldn't have any interest in attending a languague school to teach them English, especially given they speak "American".

Is that a ramp?

[tyranosaurus] 07/1/2006 12:15

I assume then that nobody else applied.

[tyranosaurus] 03/1/2006 20:27

DreadedDalek

Not a deramp.
Anybody else got their CEG loan notes or had their cheques cashed then ?????

[encarter] 03/1/2006 07:51

Interesting fact, there are more people learning English in China than the population of the US.

[dreadeddalek] 28/12/2005 10:48

Sounds like a nice try at a deramp by tyranosaurus,I thought so no one else had any problems ....

[encarter] 28/12/2005 09:38

Still a bargain at 6p.

[tyranosaurus] 23/12/2005 13:49

As my cheque for the loan notes has still not been presented and as I have heard nothing, I assume it got lost in the post.

The only reason I didn`t buy EPE at 4.4p was because I thought I was heavily into these loan notes.

I now have funds to invest but I won`t be putting it into EPE at 6p.

[painting] 23/12/2005 12:52

Announcement earlier today made by China Education - add the value of the loan notes to their holding in the ordinary shares, & you can see why London Asia buying in the market.

23 December 2005

CHINA EDUCATION GROUP
LOAN NOTES START TRADING ON OFEX

The Directors of China Education Group Limited ("CEG" or "the Company") are
pleased to announce that the Company's Five Year 7% Convertible Loan Notes
("the Loan Notes") have commenced trading on Ofex today under the sector
classification Support Services. The total number of Loan Notes to be admitted
to Ofex is 822,355. The opening price is expected to be GBP1 per Loan Note.

The Loan Notes pay a 7% interest rate per annum and are convertible into
2,549,938 ordinary shares at a conversion price of 32.25p per share.

Europasia Education plc ("EPE"), the AIM listed education group which is a
13.8% shareholder in CEG and whose directors, Simon Littlewood and Victor Ng,
are on the Board of CEG, took up GBP387,735 of the Loan Notes.

Mr Sun, Chief Executive of China Education, said "We are delighted by the
success of the offering, the proceeds from which will be used to fund the
continued expansion of the business to increase profits going forward."

Simon Littlewood, EPE director, said "EPE's recent fund raising has enabled it
to increase its stake in CEG as part of the Ofex listing both via acquisition
of additional ordinary shares and Loan Notes. The Loan Notes will give us a
regular income stream as well as exposure to capital growth as we work with
CEG on its expansion both within China and internationally."

[dreadeddalek] 20/12/2005 15:49

Looks like london asia have gone in again the order was with Hood who walked the price down to fill the order.
Wonder if ldc are thinking about taking this out and adding it to their list of investments.

[encarter] 16/12/2005 08:03

16 December 2005

CHINA EDUCATION GROUP LIMITED

The Directors of China Education Group Limited ("CEG" or "the Company") are
pleased to announce that the Company's offer for the subscription of 822,355
Five Year 7% Convertible Loan Notes ("the Loan Notes") has been fully
subscribed for and is now closed.

The Loan Notes are convertible into 2,549,938 ordinary shares at a conversion
price of 32.25p per share. Funds raised will go towards the continued
expansion of the Company's facilities in order to cope with increasing student
numbers, and provide the working capital necessary to pursue future projects.

Application has been made to list all the Loan Notes on Ofex, and the expected
first day of trading is 23 December 2005.

[encarter] 15/12/2005 22:00

300K T buy's what moved the price up. Fair price for these is 8p so hopefully our buyer hasn't finished yet.

[dreadeddalek] 15/12/2005 14:14

Excellent another 40k out of the sellers pocket and the price moves up.This could start to get interesting if we actually manage to attract some buyers rather than this tedious seller filling Evolutions buy order.

[daveelectec] 15/12/2005 13:54

A very reassuring statement there DD. Hope you are rite. Thanks for your opinion. It all helps. Cheers.

[dreadeddalek] 15/12/2005 13:38

Level 2 is

5 v 5 All market makers blue.

It may be very quiet but theres real strength in the price with the seller being flushed out and not a blink from the mms.
I think there must be a big buy order in.

[daveelectec] 15/12/2005 13:19

Are we the only holders of this stock ?...very quiet considering.

[dreadeddalek] 15/12/2005 09:56

Yes that is right plus dont forget Europeasias other businesses such as the University in Bournmouth and the cash it has in the bank dont know how much that is though.

[eyeful] 15/12/2005 09:43

So is it right that EPE's stake in CEG is worth 2.5 million while their own current Mkt Cap is less than 2 million?!

[dreadeddalek] 15/12/2005 09:41

Level 2 4 v 1
So yes tick up imminent.

[eyeful] 15/12/2005 09:32

48K at 6.5p - suggests an imminent rise

[serko1] 15/12/2005 07:53

So EPE is to make shares available to the public.