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Education Development International

November 2010

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:
  • 94p
Our decision to topslice the shares in February at 139p has been vindicated with the company announcing that although results will be in line with expectations, recent growth has been more muted than what we have become accustomed to expect from EDD.  Clearly the government is keeping an eye on its funding commitments in all areas including that to training organisations and further education colleges. EDD says this has led to an erratic pattern of demand although bizarrely Q4 10 to end September has been “some way ahead of the same quarter last year.† Perhaps everyone has been rushing to get trained before funding criteria change?Net cash stands at £10m and EDD has just acquired 400,000 shares at 100p for ca ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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