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Found out that Jim Slater tipped these in Investors Chronicale today.

Good buying activity pushing sp towards 70p mark today, looks like mm are thin on stock now with constant buying pressure.

See Jim Slaters write up below....................

Education Development (EDD) is my second choice. It is a leading educational quality assurance company, government approved and regulated with UK and international reach and expertise in IT-based product delivery and administration.
In the UK, EDD has over 300 accredited vocational qualifications, 279 specialist awards and approved programmes, 1,873 registered centres, 200,000 candidate registrations a year and over 650 school customers for online assessments. EDD also has a strong and growing position in the larger international market with over 4,500 registered centres across 103 countries and 275,000 candidate registrations a year.
As a result of a recent bullish announcement by EDD, Brewin Dolphin, the companys broker, has increased its pre-tax forecast for 2009 by over 50 per cent to 5.6m with eps 9.4p. Based on a low tax charge as in the past years, EPS of 9.4 at 56.5p would result in a prospective PE ratio of only six. With forecast EPS growth of 65 per cent the resultant PEG is absurdly low at 0.1. The company is also cash-generative with a net cash balance of over 3m at the end of 2008. My own buying, resulting in a current holding of 3.7 per cent, has contributed to the share price having a great run during the past couple of months. And after the announcement of increased profit expectations, there was further buying by directors, who added to their already significant shareholdings.
The tax charge has to be considered as there are just 4.3m of tax losses to be used in 2009 and they will run out in 2010. Another factor is that the rate of growth will slow from the astonishing 65 per cent, but it still looks as if it should be substantial, especially in relation to the low PE ratio. I find it hard to understand why a company such as EDD in a business so well suited to todays difficult conditions, growing very fast and generating plenty of cash, should be on such a low prospective multiple.

SP pulled back last week to 64p after Octopus sold just over one million shares, but still hold 6.67%. Buyers have come back in today and yesterday with sp back to 67p, soo the upwards momentum should continue.

70p resistance could be broken soon, sp up 69p now with constant buying pressure.

It's justs keeps on getting better and better.

See todays trading update below.

Trading

At the Group's Annual General Meeting on 22 January 2009 it was reported that first quarter performance had significantly exceeded expectations. The Board of EDI notes that this trend has been maintained over the past three months. As a result, the Group's interim report is expected to record high levels of year-on-year growth in both revenue and profit. Because of this the Board believes that the results for the year will be ahead of current market forecasts.

EDI's interim report will be published at 7.00 am on Tuesday, 2 June.

Just logged in to find EDD up 16p to 85p = +24%, I expected a decent increase, but this is great and a well deserved re-rating.

Saturday Times see below............

Tiddler to watch

Overseas business for Education Development International, the training company, benefited from the weak pound while UK demand grew thanks to new rules for taxi driver qualifications. Shares rose 16p to 85p after it promised that first-half sales and profits would exceed expectations. Brewin Dolphin, the house broker, has a 100p target.

After two days of some profit taking and the sp down to 78p, buyers are back today seeing a rise to 83p. A period of consoladation now ?

See rns releaased yesterday below............

Education Development International plc ('the Company') has been notified today, 30 April 2009, that Slater Investments Limited have purchased an additional 740,000 ordinary shares in the Company, this brings the total holding to 3,135,000 ordinary shares which represents 5.44% of the issued share capital of the Company.

now upto 92.5p........

Another RNS released yesterday..............

Holding(s) in Company

Education Development International plc ('the Company') has been notified today, 1 May 2009, that Mr J D Slater has a personal interest in 2,375,000 ordinary shares in the Company representing 4.124% of the Company's issued share capital. Mr Slater and Family now have a combined interest in 3,500,000 ordinary shares in the Company, which represents 6.078% of the issued share capital of the Company.

Still very strong after excellent Interims on on Tuesday ahead of expectations, and a repeat buy in Investors Chronicle today which says that EDD may now be attracting some larger institutional investors now.

Looking at todays volumes they could be right, 3 million buys against 45K sell, with a persistant buyer at 111p.

Education Development International chief executive Nigel Snook has purchased another 5200 shares in the company.

He now has an interest in 3,114,437 shares in the company, representing approximately 5.4% of the total voting rights.

It may only be a very small purchase by ceo standard, but it shows how he views the sp at the moment.

After consoladating gains above 100p for the past few months, these are breaking up very strongly now, rising to 131p this morning. Looking very promising with a trading statement due withing the next few weeks. They normally release one at the end of September or early October.

recommended offer from Pearson 200p

Note from Liberum:
Pearson are offering a 61% premium to Fridays close for Education Development International, valuing the business at 113m.
PEARSON buys another vocational training business. They are offering a 61% premium to Fridays close for Education Development International (EDD LN) valuing the business at 113m.
EDI is a leading provider of education and training qualifications and assessment services, with a strong reputation for the use of information technology to administer learning programmes and deliver on-screen assessments.
Although the premium looks large it equates to PER 14x Sept 2011 but 3.3x EV/Sales.