Europasia Education Share Discussion Threads

[timely] 25/4/2006 16:45

Nice to see another investment today which the market has received well.

[krishall] 14/4/2006 21:42

Interesting article in this weeks 'Economist' on the market for English language education in China. It's mentioned that China is already the world's largest market for English-language services. No mention of EPE, CEG - but if EPE can only capitalize on a small % of the market then it's mkt cap should end up being away above the present low level.

[tyranosaurus] 13/4/2006 19:07

Good research note on CEG on their website (see 45)

It seems that all the money that CEG are making is being lent back to SIIT to finance the extensions. These will house more students thus increasing CEG`s profits. This gives more money to lend back at 8%.

This sounds good but means no dividends on CEG for some time.

Also means that their biggest asset will be a loan of say £20m due from SIIT in 4 years time when the campus is fully built.

How are they going to repay this loan if CEG are taking most of their profits ???

I can`t work this one out at the moment but it is stopping me from buying more shares.

[tyranosaurus] 08/4/2006 11:58

Does anyone know the number of EPE shares in issue ?
I am trying to work out the market capital.

ADVFN have it as 33.61m shares.
The latest notified London Asia holding was 3.68m shares being 8.22% which works out at 44.7m shares to which has to be added 4.45m for the Dalian stake.
That works out at £2.76m market capitalisation not the £1.89m on ADVFN.

Anybody agree/disagree ???

[painting] 08/4/2006 09:11

Research note out on China Education Group - see www.chinaeducationgroup.com

[timely] 04/4/2006 18:38

On what do you base your opinion?

[gaybriefs] 04/4/2006 10:31

This stock is a complete and utter dead loss.

[rbonnier] 30/3/2006 19:21

Somethings not right with this one interesting how mr Dunne resigned after only 4 months wonder why.

[gagner2006] 20/3/2006 11:32

interesting movements on share price and now 2v1 6-625

[genesisofthedaleks] 16/3/2006 12:19

mms have sold 100k this morning at 6.125p now watch for the 100k or so sell at either 5.5 or 5.75p.
If this happens Im out as my money can work far better else where rather than support the seller and line their pockets thankyou very much.

[gagner2006] 16/3/2006 09:29

at 42 you should have a pipe and slippers already just in case

[genesisofthedaleks] 16/3/2006 09:25

There is probably someone here who is more qualified to comment on these warrants.My assumptions may be wrong but if I am right 40 million warrants is a big negative as far as the share price is concerned as there is rarely any volume to take them which means I will probably be an old man with a pipe and slippers before this lot are shifted and im 42!!
That said there are a plenty of positives as gagner2006 has put in the header
however as far as the share price is concerned and thats what matters to us all ,the warrants will be a huge drag on it long term.

[gagner2006] 16/3/2006 09:09

Thats why I have always focussed on the ceg piece when trying to rate the shares, leaving out goodwill and potential growth which would reflect the warrant dilution

buit you are right I should put something in the header re warrants

[genesisofthedaleks] 16/3/2006 08:38

This is not the undervalued investment some think it is.I refer you all to the last 2 fund raising issues in September and January where each fund raising had 100% warrant coverage.To raise 1 million at 1p = 100 million shares which also means 100 million warrants excersiseable at 1p now 20 million warrants at 5p after the 1 for 5 conversion.There were also 20 million warrants at 5p in January.If these are coming to the market in dribs and drabs it will take an eternity to clear this lot and shareholders are being heavily diluted without probably knowing it.

[gagner2006] 15/3/2006 22:48

no I meant CEG in terms of the potential return on investment

[tyranosaurus] 15/3/2006 22:45

Is this another CEG ?
They have 5000 students.
There is no mention of any expansion plans to the campus.
With profits of £1.67m on turnover of £1.72m there are virtually no overheads.
How are the profits going to increase ?

That said I don`t think they are overpaying because they want to see a decent rise in value when Dalian list on Ofex.

[gagner2006] 15/3/2006 21:53

whats aristotle got to do with it Kris

[krishall] 15/3/2006 21:47

ThomJeff ... you seem to be sharing this totally useless info with many boards under various different names... the expression ar....le comes to mind

[Abuse team] 15/3/2006 21:43

Post removed by ADVFN

[krishall] 15/3/2006 21:41

If the lot were dumped in one go then he/she would have to accept a lot lower price than they can get drip feeding in to market. So let's hope she/he hasn't too many more tranches to dump.....

[davehome] 15/3/2006 21:32

Bonnier, as you say, small trades. If he wanted out, he would dump the lot in one go. He must see some prospects with this good news and is taking a little profit along the way. I cant see a problem with that ?

[rbonnier] 15/3/2006 12:19

oooops forgot about those warrants theres that 50k seller again merrily selling away.This needs some big volume to take him out as his small endless trades are keeping this depressed.

[gagner2006] 15/3/2006 10:38

encarter - done sir

btw if you prudently value DBIC at 10x earnings that is a potential mkt cap of £16.7mn and epe's 8% stake worth £1.4mn. A profit of £800,000 against original investment (adjusting the 700 to 600 to reflect the premium on the shares ie issued at 7.5 vs 5.75 mid)

if you increase that the 15x which is what IC thought CEG were perhaps worth you get a value for epe stake of £2mn and that could increase a lot more if there is the normal growth in earnings of Dalian.

To me looks like they have got themselves another CEG here.