,

sounds good! bring it on!

how did 2007 finish up ?

sorry for the delay

2007, PBIT = 2.2m and EPS = 4.1p - EPS is tax paid 9% due to deferred tax.

The forecast before 2007 results were PBIT = 2.01m and EPS = 3.45p. As you can see EDD beat the forecast by a considerable margin, and I can see no reason why this should not happen again.

Have noticed large volumes in last 3 to 4 days, mostly sells but some larger buying coming in this afternoon with sp down to 37.25. Can't see any reason for the interest, has anyone any ideas.

good strong company...sp is a good level to get in at...?

RNS this morning...
Is the reason for the recent (overdone?) drop in the sp ?

will the sp start to recover now ?

Be nice to have Brewin Dolphin update..

Education Development makes 96,333 pounds deferred payment for eNVQ
AFX


LONDON (Thomson Financial) - Education Development International Plc. (EDI) said it has made a deferred payment of 96,333 pounds in cash and shares, relating to the May 2007 acquisition of eNVQ Ltd.

Of this, 70,750 pounds will be paid in cash with the balance 25,583 pounds payable by issuing 79,205 new EDI shares at 32.3 pence, representing 0.14 percent of the company's enlarged share capital.

Following this, EDI said it has a total 57,591,496 shares in issue.

Over the past 12 months, EDI said eNVQ revenues have increased 22.5 percent to 127,777 pounds - which in turn triggered the deferred payment.

Under the terms of the purchase agreement, deferred consideration is payable on the basis of incremental revenue at the end of each of the three years following the acquisition.

TFN.newsdesk@thomson.com

I can't see by increasing the share capital at 32.3p by 0.14% would have had any effect on the sp. Seeing that the price has dropped 25% it would be nice too have a statement saying that they know of no reason for the sp movement.

There has been some consistant selling over the past few weeks, but today was the first day to be heavily positive buying. If we could have some sort of confirmation that drop is due to no more than weakness in the small cap sector, it could prove a good entrance price to top up.

I dont think the market liked the news that the balance was paid in new shares rather than cash,surely they can't be short of the odd 25k.

Does seem a small amount but rns only released today, and buy volume and sp was positive, first time in two weeks.

hit stop spitfire so I'm out til chart tells me otherwise

I had so much faith in these .... sp is probably due to general market but I got rules

good luck guys

wise move dil, best to stick with your rules.

I have always sold holdings in the past at my stop/loss, but this time I have torn up my rule book for EDD, hope I don't regret it!

I noticed a 0.5p rise today before any trades. The reason is in todays share mag the cover feature is about possible takeover bargains with AIM companies. 1 of 5 picks is EDD, and they highlight the takeover of Nord Anglia Education recently by a private equity buyer.

I had always suspected they would be a takeover target (check thread 30) but at 33p after correcton I just hope that if a takeover occurs, it won't be at a give away price.

Yes, let's hope if it happens it's a decent price. Very unlikely it'll happen it's just shares mag short of stuff for it's mag... BTW what were the other 4 picks ?

The other 4 picks were, Carluccio's, Character Group, ITIS and Panmure Gordon. I liked the look of Panmure Gordon and will research further.

I wouldn't like see EDD taken over in the short term, because I feel there is more value along the line with this well run company.

SP making a slow but steady recovery..looking much better now...onwards and upwards! just need it to get back to 45p and I'm in profit on my last 2 buys on this...my first buy was at 28p last yr

Tipped on http://www.4wm.co.uk - 5th Episode

Have just noticed another broker in now following EDD, Finncap which I must admit to knowing much about them. But a good reccommendation with a slightly better forecast than Brewin Dolphin.

Finncap, 18.08.08, BUY
2008 = Profit = 3.3m & EPS = 5.8p
2009 = Profit = 3.6m & EPS = 6.1P

More than happy to continue holding at 39p.

Thanks for the info... I'll continue to hold as well... wonder if the current climate will impact the estimates and subsequently the sp?

Good solid RNS release this morning...


EDUCATION DEVELOPMENT INTERNATIONAL PLC




CONTRACT WINS AND TRADING




Education Development International plc ('EDI' or the 'Group'), the leading provider of educational qualifications and assessment services announces the renewal and extension of three key contracts.




Contract Renewals




Accountancy body ACCA which uses the EDI i-assess testing platform to deliver certain of its qualifications online has confirmed a renewed three year contract with EDI after a market testing exercise. ACCA plans to extend its already significant use of on-line testing during the period of the contract.




JHP Training - one of the leading private sector organisations providing vocational training services across the UK - is entering into a three year contract with EDI, again after a market testing exercise, for its vocational qualifications and online assessment requirements. The new arrangements will reinforce the strong growth in JHP's business over recent years and benefit from the long-term relationship which already exists between JHP and EDI.




New Contract




After initial piloting work, the School of Mathematics and Statistics, Newcastle University, has now confirmed that it will enter into a full three year contract with EDI for the use of the i-assess platform. Although this is a relatively small scale contract it provides an important opportunity to develop and promote opportunities in the higher education sector.




Trading




Confirmation of these contracting arrangements comes during a period of positive trading in line with the Board's expectations.




Commenting on the developments, EDI Chief Executive, Nigel Snook, said:




'We are delighted that our business relationships with ACCA, JHP Training and Newcastle University have been confirmed and will be extended, especially as the new arrangements are as the result of rigorous market testing.'




'We envisage the value of these contracts will increase steadily over the next three years as we work closely with our partners both to develop new services and maximise the take up of existing opportunities.'

RNS announcement today = Octopus Investments Nominees LTD increased holdind from 3.942m to 4.089m on 3rd October and now have 7.1%. At the end of 2007 they held 3.23%, so this shows confidence in EDD.

Also in Investors Chrinicle 10th October they updated EDD with a buy rating at 33.5p and say that on a forward PE ratio of 6 they continue to rate a buy.

With the sp at 30.5p now the forward PE is now 5.7, this should give a good support now even in these volitile markets. From reports I have read EDD continue to be trading strongly, looking forward to November results.