well i've not found it but a respected hemscott poster has got me in, had a good few grands worth today at 22.5p. Let me present the facts:

The stock ticker is EDD (Education Development)
1.Historic pe ratio less than 10 (yes, i know that is cheap)
2.No debt
3.Cash in bank.
4.It pays a healthy dividend.
5.Directors have bought and hold alot of stock.
6.To top it off this little undiscovered gem announced a big earnings enhancing deal last Thursday which was overlooked on a bad market day.

Now they should be on for around 2.7-3p earnings when they announce results the end of May (expect the shares to be much higher as it seems one or two have started buying after this one has been brough to their attention. The deal they announced last week is a pretty damned impressive one and earnings are really expected to motor which should see earnings around the 4p mark. Now the overlooked thing here is the cash on their books. They have 2.3 million pound in the bank which given they are only valued at 11.9 million really brings down the pe ratio. This one is worth at least 2/3 times the current value, this is a bread and butter earning sector, by jove though it's a cheap one.

ST - no need to argue as you simply enlarged on my poorly put point! Likewise I am no tax expert but it seemed to me that there was likely to be a lot of mileage in the sp before that became an issue.

GF - thanks for your comments. Will post if I can come up with any useful info. As for spoiling a party, a good debate is always welcome! Incidentally City & Guilds is a registered charity so not I'm sure what to use to compare them with EDD.

Cheers Madison