Member Info for Time2Buy

Yes just read back over the RNS and saw this These issues are now being addressed and the reinstatement of EduTrust has been applied for with a decision from CPE expected in December. We are now in december :-)

Yes looks very undervalued. It's a case of picking stocks like this and holding onto them for serious gains.

Had a few good ones recently. Other one I have a small stake in is CSFG. On the other hand you could buy any of the miners out there as they all look undervalued. With AEC when the suspension is lifted that will probably take it back to closer 10p

For a cheap top up in a minute

Thanks

I reckon

Max buy size

("AEC" or "the Company") Share Subscription, Share Capital Reorganisation and Notice of General Meeting Share Subscription The Company is delighted to announce that it has entered into a subscription agreement whereby, conditional on the passing of certain resolutions to be proposed at a general meeting of the Company, Cinnovation Incorporated ("Cinnovation") will subscribe for 18,852,262 new ordinary shares in the capital of the Company ("New Ordinary Shares") at 6p per New Ordinary Share raising a total of approximately GBP1,131,136 (the "Subscription"). On admission of the New Ordinary Shares to trading on AIM, the New Ordinary Shares will represent 29.9% of the enlarged share capital of the Company. The subscription price of 6 pence per New Ordinary Share represents a premium of 3.375p (approximately 129%) to the closing mid-market price of 2.625p per ordinary share on 2 December 2013.

http://www.lse.co.uk/ShareBrokerTips.asp?shareprice=AEC&share=aec_educ

Back on track

No trades showing yet. Wonder if a whiff of news

http://www.lse.co.uk/ShareChart.asp?sharechart=AEC&share=aec_educ Will be interesting to see where it gets back to when the suspension is lifted.

Maximum of 150K available on the offer at the full 3p now

Background buying

We are working hard to ensure that all regulatory and compliance issues are addressed fully and satisfactorily. Importantly, we have implemented an immediate change of management at the College. We will apply for an assessment of the College’s eligibility for a reinstatement of the EduTrust certification at the earliest appropriate time but clearly in the intervening period there is a significant adverse financial impact and there already has been material impact in the first half of the financial year. Elsewhere in Asia, our operations in Malaysia showed a year-on-year improvement. Enrolments in the local market have been strong with increasing interest in our degree programmes. We also continued to increase enrolments from the Middle East and North Africa and the operations made a profitable contribution. In Europe, our main activity, which is our English language teaching operations in the UK, returned to profitability after the restructuring we undertook last year to consolidate all our activities into our Kings Cross site. In May, we reported that we had closed our operation in the funded business and that we were reviewing our overall position in the UK government funded sector. This discontinued business contributed a loss of £0.24m to the Group in the period and we have decided for the time being to withdraw from the funded sector in the UK so that we can focus our resources on our core business. Our English language teaching operation in Ireland, Malvern House Dublin, moved into profit in June and continues to grow strongly in high value markets which is helping to offset weaker demand in Europe. Despite the economic crisis in Cyprus, we are pleased that the Malvern School in Limassol has continued to grow, with revenues up by 20% in the period and the Summer School also showed a small increase in revenue. Our new operation in Oman is still trading at a loss but we have diversified into new product areas as planned in the first half which are beginning to show promise. Outlook Notwithstanding the issues at our operations in Singapore, we are encouraged by progress across our operations in London, Dublin, Cyprus and Malaysia. We anticipate further progress across these units and will be working hard to address the challenges at our Singapore College. In the meantime, we are pleased to have the continued support of our shareholders as we evaluate potential financing options and look to further strengthen the business.

The Group’s results for the six months to 30 June 2013, as expected, show a significant improvement in AEC’s European operations. Most importantly, our English language teaching operations in London returned to profitability but our new operation in Ireland also moved into profit at the end of the period and our Cyprus joint venture continued to trade profitably. While this is encouraging, as previously reported, overall results for the half year have been materially adversely affected by deficiencies which emerged at our Singapore operation. These are being addressed but, as we previously stated, results for the year will be affected as we work through the issues and the Group’s expected return to profitability will be delayed. Financial Results Revenues on continuing activities for the six months reduced to £5.74m (2012: £8.98m). The loss before tax was £0.56m compared to a loss of £0.67m in the prior period, with the major part of the Group’s loss for the period attributed to the performance of the Singapore operation, which recorded a loss before tax of £0.42m. The loss after tax from continuing activities was £0.58m (2012: £0.63m) and after taking account of the loss from discontinued activities of £0.24m (2012: nil) relating to the legacy losses arising from Malvern House Training Solutions, the loss for the period increased to £0.82m (2012: £0.63m). The loss per share before discontinued activities was 1.10p and including discontinued activities, the loss per share was 1.64p per share (2012: 1.20 per share). Cash balances as at 30 June 2013 stood at £1.42m (2012: £2.90m). Operational Review In Singapore, as we previously reported, the Council of Private Education (“CPE”), which is the Singapore Government Body that regulates the Private Education sector, issued a six month suspension of our College’s EduTrust certification. The suspension period started at the beginning of August and comes after issues around English language entry requirements of students enrolled to take the MBA programme were identified and other compliance weaknesses highlighted to the management. The suspension means that while the Singapore College will continue to operate to fulfil its obligations to current registered students and can continue to recruit local students to the College, it is unable to recruit foreign students, our typical applicants, during the suspension period.

AEC Education plc (“AEC” or “the Company” and together with its subsidiaries, “the Group”) Half year results for the six months to 30 June 2013 Key Points Revenues on continuing activities of £5.74m (2012: £8.98m) Operating loss of £0.53m (2012: loss of £0.65m) Loss before tax of £0.56m (2012: loss of £0.67m) – including loss of £0.42m from Singapore operations Loss after tax from continuing activities of £0.58m (2012: loss of £0.63m) Loss from discontinued activities of £0.24m (2012: nil) Loss after tax including discontinued activities of £0.82m (2012: 0.63m) Loss per share of 1.64p (2012: 1.20p) Progress in Europe, especially at London operations which returned to profitability, and in Malaysia were offset by the Singapore operations Singapore College’s EduTrust certification issues are being addressed and an application for a reinstatement of certification will be made at the earliest appropriate time. Management changes have been made Liam Swords, Chairman, stated, “The Group’s results for the six months to 30 June 2013, as expected, show a significant improvement in AEC’s European operations. Most importantly, our English language teaching operations in London returned to profitability but our new operation in Ireland also moved into profit at the end of the period and our Cyprus joint venture continued to trade profitably. While this is encouraging, as previously reported, overall results for the half year have been materially adversely affected by deficiencies which emerged at our Singapore operation. These are being addressed but, as we previously stated, results for the year will be affected as we work through the issues and the Group’s expected return to profitability will be delayed. “Notwithstanding the issues at our operations in Singapore, we are encouraged by progress across our operations in London, Dublin, Cyprus and Malaysia. We anticipate further progress across these units and will be working hard to address the challenges at our Singapore College. In the meantime, we are pleased to have the continuing support of our shareholders as we evaluate potential financing options and look to further strengthen the business.” For further information contact: AEC Education plc Liam Swords, +44 (0) 7775 787427 WH Ireland Limited (NOMAD) +44 (0)161 832 2174 Dan Bate Biddicks +44 (0) 20 3178 6378 Katie Tzouliadis / Alex Shilov CHAIRMAN’S STATEMENT Introduction The Group’s results for the six months to 30 June 2013, as expected, show a significant improvement in AEC’s European operations. Most importantly, our English language teaching operations in London returned to profitability but our new operation in Ireland also mo

Looks like someone took out an MM on the offer towards the close.

I would think they are doing the necessary now so it could be anytime. Crazy limits like the MMs are trying to accumulate stock. Won't let you buy too many though and any buying is going to move it and quickly as there are not too many shares available in the market.

You can sell 500K but only buy 25K. They are really trying hard here.