Electric Word trading in line

Electric Word, which provides training services for the education, healthcare and sport sectors, said following its fundraising in August, trading is in line with company expectations.

Electric Word, which provides training services for the education, healthcare and sport sectors, said following its fundraising in August, trading is in line with company expectations.

In its update ahead of its results for the year ended November 30th 2012 the group, which provides specialist information and professional development using websites, magazine, books, training, conferences and consultancy services, said the Sport & Gaming division was boosted by the launch of its iGaming Business in the US. It expects iGaming to create further opportunities in 2013.

In SportBusiness, higher-value subscriptions and consulting services grew in 2012, offset by weaker advertising and investment in developing new services such as in the sports sponsorship market, the group explained.

In Education, growth in the Conferences business continued at the same time as investment in building the new digital schools management support service has been increased.

However the Health division endured a more turbulent market in 2012 with significant structural reforms that are expected to continue through 2013.

"As in the Education market, this will create opportunity in the medium term as new organisations are formed and further professional development requirements are introduced. Investment will continue in 2013 as the business evolves and develops," the group said.

Overall the group said it has made significant progress in developing new services around its evolving online platform and finishes the financial year with no net debt.

"We look forward to building on those achievements in 2013."

CJ

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Oil producers are back at their Covid-19 lows – is it time to buy?
Oil

Oil producers are back at their Covid-19 lows – is it time to buy?

With demand for oil hammered by Covid-19 and talk of “peak oil demand”, there are lots of good reasons to be bearish on oil producers. So, asks John S…
22 Sep 2020
Why you should stuff your end-of-pandemic portfolio with Chinese stocks
China stockmarkets

Why you should stuff your end-of-pandemic portfolio with Chinese stocks

For an end-of-pandemic portfolio, you need assets that can cope with today’s volatility. And that, says Merryn Somerset Webb, means Chinese stocks.
14 Sep 2020
IAG's share price is ready for take-off - here's how to play it
Trading

IAG's share price is ready for take-off - here's how to play it

The owner of British Airways has had a turbulent year, but is now worth a punt. Matthew Partridge explains the best way to play it.
8 Sep 2020