|666james: yes sent on the 18th but applicable from 24th onward. Hence the sell off over past 2 or 3 days. So now that is out of the way, normal service, I guess, can prevail. From my link (see above):
Application will be made for the 1,400,000 new ordinary shares to be admitted to trading on AIM, which is expected to take place on 24 April 2017.
Which, surprise surprise, matches the trades exactly. If a market maker type person bought them for 13.50p I guess they must expect to sell them for significantly more than that - I guess, no expert in these matters.
Although, most like, the market maker has already sold most of them to people using "borrowed" shares (knowing these were coming) and thus has already made his profit.|
|do you mean the 18th ?|
|apologies: It is all in the RNS dated 24th:
The RNS in this link
All those shares are now gone!
I guess, its possible the share price might rise post this sell off. I should have offered to buy them off the chap at cost price.|
|bones: No idea. Its a bit annoying as its a donald rumsfeld "unknown unknown"...
Just have to let it be I guess.|
|Is it worth emailing the company NC?|
|these are the trades I'm talking about:
That is 1.3% of the company (They probably have traded more than this - this is just the last few)|
|OK - the trades are not just for a holiday, they are miles too big. We're talking about £100,000 (or about 1% of the company changing hands). They are still coming (currently in 200,000 lots).
So is some organisation cashing in their chips or is a director leaving ?
I'm not buying or selling any more until either this settles or there is an RNS about it.|
|In todays Guardian. The HOW MUCH DOES THE DEPARTMENT OF EDUCATION SPEND ON LAND
From the LINK:
According to the report, the education department spent £863m on 175 sites for free schools between 2011 and 2016 – of those 24 individual sites cost more than £10m and four more than £30m. It expects to spend a further £2.5bn on land for schools from 2016-22, putting it in the same spending bracket as UK’s top five home builders.
“Landowners are able to push up prices in the knowledge that the department has few, if any, sites to choose from,” the report states. “The department is in a weak negotiating position and commonly pays well in excess of the official valuation.
“On average, it has paid 19% over the official valuation, with 20 sites costing over 60% more.”
On-line Education requires no land.|
|666james: Actually for this specific product (A level cramming , you might well be right - but InfinityEduUK is in its FIRST year - lets see how it goes - its easy to tell - look at Twitter. If you compare Inifinity to InterHigh, Infinity (via twitter), Infinity is still tiny. httPs://twitter.com/InfinityEduUK . Lets see what the summer brings!|
|I agree with Bones regarding some advertising. I had never heard of Wey Education until seeing them on ADVFN....it needs some exposure where Joe Public can see what is available.|
|Looks just the job there, Netcurtains. They should advertise in the upmarket mags like the county monthlies, the FT mags and other broadsheet weekend publications. What a market there for people with means and offspring!|
|Bones: This is a really good idea. Suppose you want to be a doctor.
You need 'A' grades in you 'A' levels - Normally including: Biology and Chemistry (Maths or Physics the other one). You might be willing to pay £500 for structured revision courses with REAL TUTORS in the evening - this "cramming" will get you through. £500 to become a doctor - many will think it good value.
Read the link: this is what WEY now offer EVERYONE:
|Thanks NC. Looks like the UK is "Wey" behind the curve!|
|bones: EF is a huge company and the ecademy part of WEY (eg getting local authority work) Will overlaps EF - at least that is how I see it. However the UK education market is massive so there is more than enough work for about 50 such firms (at least that is my view).
Here is the company pdf:
From the fact sheet:
Name EF Education First (abbreviated to EF)
Founded 1965 in Lund, Sweden
Owner Privately held by EF’s founder Bertil Hult and family
Headquarters Lucerne, Switzerland
Schools and Offices 532 in 53 countries
Global presence 116 countries
Employees 46,500 (22,000 full-time office staff, 11,500 full-time faculty, 13,000 part-time teachers)|
|Isn't the EF thing like Bridge (mentioned in that Africa piece), ie, the product assists teachers in the classroom. The point of WEY is home based education which is somewhat different albeit the broad subject matter is e-ducation.|
|...that was a big trade at close - looks to me like one of the major share holders needs the money for summer holiday booking - they deserve the time off!
I'll have to get my cheque book out soon - we could be in for a bargin dip!|
|arghhhh - the SWEDES are COMING!
Tech Lead for EF Class
I wanted to get in touch with you as I am currently working on a project to hire a Front end Tech Lead for EF, one of the world leaders in an industry worth over 50 Billion USD and growing by almost 30% each year.
The team have built a product set to revolutionise the way Children learn in the class room.
We have been using the latest technologies like Angular 1 now moving to Angular 2, python, tornado framework, Go, flask, Golang and Cassandra to launch the product, which went live late last year. We started in just 8 schools and have already grown to over 600 schools.
You can find some information on the project here - httP://class.ef.com
It would be great to discuss this with you and answer any questions you have.
Please let me know when would be a good time to speak.
NOTE GROWN TO 600 SWEDISH SCHOOL
The KEY point is that its just been released. If WEY keep on going, they might be able to sew up a significant percentage of the market before EF get too far stuck in.|
|Another article worth reading:
|On-line education booming in EU... More and more, EU citizens, I suspect want a British Private Education online
The private tuition industry is booming, with the proportion of pupils paying for a tutor to help with school work or grammar school entrance exams up by a third, according to new research.
More than 40% of pupils in London have a private tutor at some point in their school career, typically costing £27 an hour but sometimes much more, fuelling an industry that is valued at £2bn a year, the report claims.|
|LTG (similar sector) moving up as well. Bodes well for WEY.|
|We're getting some serious punters in those figures, almost a quarter as serious as me!|
|Ignore the last sentence, as we did go down today lol. I was thinking of another share while typing on my iPhone :)|
|666James, I prefer to use level 2 and the trade timings to judge whether something is or was a so-called buy or sell. Those simple indicators that say one or the other are very unreliable imo.The key to follow is the volume of trading. After all, every trade has a buyer and a seller whether or not it is an MM or a direct trade. Volume plus direction is a good guide to likely moves such as today. This needs to be tempered by the strong overall market today across the world following the French election relief rally. It would be depressing to have gone down on a day like today :)|