Superficially, the trading9 Dec 2015 04:19
update was underwhelming but, after some thought, this appears to make the share one to hold
"The Group has supported its increased global sales network by translating its systems into Mandarin, Japanese, Russian, Spanish, German and French. Export sales year to date represent more than 50% of its revenue."
So, 50% of revenue to date has been export sales? ... BEFORE THEY EVEN TRANSLATED THE INTERFACE? ... so now they HAVE translated their interfaces into the planet's main languages (what a great use of time and money!), their expanded sales network can get stuck into the massive Chinese market.
I think I'll top up in this later today ... also, I admire the honesty of the bosses here and suspect they may be surprised how many deals ARE done before the end of the year as people tie up deals' loose ends pre the festive season. Deals that are 85% done get rushed through around now as getting people up to speed to complete mostly-done deals in the New Year is inefficient. We'll see ..... I presume the products support EU recognised exams and testing ... that will be very useful .... doctors in some EEA countries try and protect their "patch" by saying foreign doctors are dangerous if their qualifications don't meet, for example, Norwegian standards. There are moves to enforce EU wide standards and MED's trainers hopefully support these initiatives.
This just needs a bit of patience.