PLAYS OF THE WEEK UPDATE: AEducation Development (EDD:AIM)

EDD

Published date:
Thursday, March 6, 2008

Education Development EDD:AIM 43p

A trading update revealed excellent growth for the four months to January 2008 as the UK vocational market is booming. International qualifications are also performing well and the integration of ASET, the largest acquisition in five years, is ahead of expectations. Brewin Dolphin lifted its profits forecast slightly, saying its target price of 50p is only ten times current year earnings, and nine for 2009. Tipped at 26p on 21 June 2007, the shares remain good value despite their 65% rise in nine months.

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