25 May 2010 – Interim results
Education Development International, which we have tracked for some time, has today released interim results covering the six months to 31 March 2010. Earnings grew yet again and the interim dividend was doubled to 0.8p but the share price continued its recent slide and moved below the key 100p level. Although we note concerns with regards to public spending in the UK we believe that the shares represent good value, having fallen dramatically from their January high of 164.5p.