,

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.