Melorio are in exactly the right sector, education and offer training to industry, with the government pledge of 4.3bn to train to gain by 2010/11. With legislation to re-train staff going into overdrive, Melorio are well placed to take advantage of this madness.

When you look at the re-rating of Education Development Int, you can see that Melorio have further to go in there own re-rating.

MLO are on a current pe of 8.2, and a per for 2010 of 5.8 and 2011 of 4.9, debt level are at 15.7m now after the acquisition of Zenos in November. However the cash generation is very strong and I would expect this to be paid down quickly, now that they focus on organic growth.

AGM is today, so we should see a statement later, when I see this I will post it here.

Chart looking weak with price at 120p support, guess it could be profit taking, because if anything had changed, I think they would have given a statement at last weeks AGM.