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Education Development International - Another 25% upgrade follows January’s 50% upgrade

May 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • EDD
  • Price:
  • 86.5p
We're sure the next time we see chief executive Nigel Snook he will be humming one of my favourite tracks by Queen, “Don't Stop Me†with the words “Don't stop me now, I'm having such a good time..I'm travelling at the speed of light …† The company has just reported that Q2 has been just as strong as Q1 and it now expects to report results well ahead of forecast, which were upgraded by 50% as recently as January. The business has clearly benefited from sterling's weakness and also new examinations including the new road passenger transport (taxi driver) qualification, which has been taken up by a number of local authorities. Brewin Dolphin has lifted its forecast by another 25% to £7m pretax and by 35% to £8.1m for next ye ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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