Site Search
September edition out now

Not a subscriber?
To request a Two-Issue Free Trial email your details to: subs@theassignmentreport.com

The Assignment Report’s ShareWatch: Strong surge in share prices in 2013

publication date: Jan 2, 2014
Print

If 2012 was bounce back year from the losses of 2011, then 2013 was the year that most of the listed companies across the UK education industry covered by The Assignment Report’s Monthly ShareWatch out performed their respective stock market share indices.

During 2013 the FTSE All-Share (FTAS) index rose 16.7%, ending the year at 3,610 (2012: 3,093). The biggest movers during 2013 were Tribal, The Assignment Report’s Education Company of the Year 2013 (up 65.7%), Wilmington Group (up 56.5%), Bloomsbury (up 51.9%), Smiths News (up 47.5%) and RM (up 45.6%).The increase in Tribal’s share price in 2013 followed a 137% rise in the prior year, driven by the company’s strategic decision to exit loss making non-core activities and focus exclusively on the education sector. Only two companies underperformed this index during 2013 - Pearson (up 12.9%) and Serco (down 6.7%). Serco’s share price in 2013 was in part impacted by the disclosure that the company had overcharged the UK Ministry of Justice on its electronic monitoring contract.

In 2013 the FTSE AIM All-Share (FTAAS) index rose 20.3%, ending the year at 850.68 (2012: 707.21). Three of the four AIM-listed companies in our Monthly ShareWatch – Advanced Computer Software (up 37.6%), Electric Word (up 53.2%) and Havelock Europa (up 52.9%) – significantly out performed this index. In contrast, AEC Education, dramatically underperformed the market with a 63.0% decline, principally due to problems at its college in Singapore.

The Assignment Report Sharewatch
Company Price at 31 Dec 2013 (p) % Change last 12 months
Advanced Computer Software 104.25 37.60%
AEC Education 3.88 -63.00%
Babcock International 1,355.00 40.30%
Bloomsbury 176.25 51.90%
Capita 1,038.00 37.50%
DRS Data 24.75 37.50%
Electric Word 2.88 53.20%
Findel 272.75 N/A
Havelock Europa  19.5 52.90%
Informa 573.5 27.70%
Pearson 1,341.00 12.90%
Promethean World 20.25 21.80%
RM 115 45.60%
Serco 499.2 -6.70%
Smiths News 236 47.50%
Tribal 170.25 65.70%
Unite Group 402.6 45.70%
Wilmington Group 240.25 56.50%
Source: London Stock Exchange 
Note: Findel undertook a share consolidation on 9 April 2013.

Copyright Meissa Limited 2005-2019