Wey Education Share Discussion Threads

[netcurtains] 16/7/2021 11:21

Looking back at this I seemed to have bought in at 5p.

LOL

[davidosh] 04/6/2021 17:17

Wey Education will feature on the Mello Monday show in two days time as there are many investors that seem to share the same view about recent takeovers.

Not happy about the WEY deal then probably worth listening....



Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[mjcrockett] 04/6/2021 15:07

Yes DaveMac3, my cash arrived in my Barclays Stockbrokers account yesterday.

[davemac3] 04/6/2021 14:09

has anybody got their cash from the takeover?

[peterc1970] 08/5/2021 13:20

I have voted against the scheme.

To gauge the value of the offer, they should have released the H1 results for 6 months to the end of Feb before the court meeting.
.
The H1 results came out on 12th May last year. It seems likely they are going to be better than expected, the first half of the school year setting the momentum to H2.

I can't think of any good reasons for them to delay it.

[boadicea] 27/4/2021 18:31

Sorry - You are right!
I was interested in seeing the proposed pay-out date which appears to be on or before 8th June (=Effective +14 days.)

[verulamium] 27/4/2021 18:07

They've already published it haven't they?

[boadicea] 27/4/2021 17:17

The Timetable of Events is supposed to be published within 28 days of the original announcement which was 1st April ....
.... so tomorrow or Thursday.

[boadicea] 23/4/2021 09:47

Scheme of arrangement issued and no sign of other offers for the company so should all go ahead on schedule which leaves the question of reinvesting the proceeds.

One option that has been suggested to me (although I won't be using all of the proceeds in one go) is Loopup [LOOP]. This looks to be a niche alternative to Zoom, Skype etc. I have not fully grasped its particular advantges over Zoom.

Any thoughts from others?

[netcurtains] 14/4/2021 09:16

Just a thought. Now that WEY has gone do you think the chairman will have a lot more time for TIDE and we might see some action there?

Crimson Tide?

[boadicea] 07/4/2021 11:57

netcurtains - Yes, tips.That's what many of us will be looking for.

The timing of the takeover is actually quite fortuitous for those holding WEY outside an ISA as it can provide some (or all) of the 2021-22 contribution without having to do a B&B.
But where to look?
Most of the obvious beneficiaries of the covid situation are already well bought and offer as much room to disappoint as to gain. A few have been less recognised due to the indirectness of their connection. The old adage of buying the makers of picks and shovels in a gold rush may apply here.
In the on-lne and security area, a potential benficiary that seem to me to be still reasonably rated is Arcontech (ARC) which has a very healthy balance sheet. Less healthy but also cheap (for this reason) is Shearwater (SWG)... could make a useful recovery perhaps?
In the medical/vaccine field, Oxford Biomedica (OXB) has shown its mettle as the most productive of the several manufacturers of the AZN vaccine. This came about rather fortuitously due to the timely availability of a brand new facility near Oxford being held for future expansion of its main developments. Its share price has responded only modestly to this rather incidental success and it is essentially supported by the success of its main business in variously partnered vector gene therapies.

Turning more to the picks & shovels theme, Carclo (CAR) has a very chequered recent history but is reported to be working flat out on making precision medical mouldings for handling/injecting vaccines, test kits and the like in several sites icluding USA. The pension deficit is horific and the boat may have sailed on this one as the share price is already well off the bottom.
Titon (TON) is in ventilation products and looks good value with healthy bs. I am not sure the products are high tech enough to be useful against spread of viruses - needs looking into.
Electric vehicles are in vogue and Nexus (NEXS) has charging point installation as one of its main themes. Clearly a growth area but could be subject to high powered competition by larger players in the transport forecourt business unless it can quickly establish a more localised niche presence.

Finally, if looking for a modestly priced business stuffed with cash and a possible attractive acquisition target, take a look at Vectura (VEC).

PS: Capita (CPI) with resolute management, positive cash flow and several recent contracts looks like it must now survive - in which case it won't forever languish below 50p.

Above is commentary, not advice!
I hold some (but not all) of the companies mentioned.

[bigboyblue] 06/4/2021 13:27

I've held DEV for a while now. They've gone up x10 since my first small purchase. I'm continuing to hold.

[netcurtains] 06/4/2021 12:34

ps - if anyone has an good tips - especially firms connected to education let us all know. Cheers Net!

[netcurtains] 06/4/2021 12:32

Well said Wigan: And I wish the heirs of Mr Massey (the old chairman) well too. Its not easy looking after 2,000 school children. I think retirement is a good option! We've all done well. It was a brilliant ride (I sold in the high twenties and low thirties - I did very well. I think I first came in when they were 7p or there abouts). .

[wigancasino] 06/4/2021 08:37

After considering the state of play over the weekend, I too decided it’s time to cash in. I have to say, I am disappointed in doing so but even directors have a price, I would expect them to maybe stay on in advisory roles still getting handsomely paid for doing so whilst enjoying their retirement funds. After all, they were not doing it for us the shareholders, we just benefited from a well run company. As Nico says the ride is over, be happy it’s been a prosperous ride but it’s time to jump on another bus and plenty to choose from. That was a great ride👍

[zulu_principle] 04/4/2021 11:45

FWIW I largely agree with Nico115's first post.

We were just over 40p a couple months ago and I was expecting to get back at least to that level if trading was as good as indicated in January. I was hoping to hold on and accumulate more for another 12-18 months before the inevitable happened and someone with deeper pockets came along to take WEY to the next level.

Having said that 47.5p ("a bird in the hand") is an excellent return given what I previously bought in at so I'm happy to take profits and move on.

[nico115] 02/4/2021 19:57

Maybe you're right Thought offer was bit low But happy to put the proceeds into the next 5 bagger ..Spsy,STX or Myx

[netcurtains] 02/4/2021 15:07

come on nico115: The pe ratio is currently 73 and covid pandemic might subside.

Imagine if next year WEY did not make a bigger profit but a smaller one? Surely its best to take the money?

I know long term home school is going to grow loads but not every year......

[nico115] 02/4/2021 15:01

Stinks to mePrice was 40p not so long ago Takeover should be at 60pWonder what's in it for the directors ..odd behaviour to sell us so cheaply

[razoblade] 01/4/2021 20:46

That’s the Wey .... Thank God!

[sonie01] 01/4/2021 18:28

Is there a possibility that another party could make a counter bid?

[snowyflake] 01/4/2021 16:37

I was so pleased for you guys when I learned of the offer this morning that I called a chum who I knew held WEY to advise him in case he did not know and because we both hold Dev Clever for whom some large holders have great expectations.

As it happens he did not know and was well pleased. The earnings to price ratio is excellent and bodes well for Dev Clever.

[zulu_principle] 01/4/2021 15:36

A question for anyone more experienced with "corporate action" behaviour than me. Am I right in assuming we now have a ready buyer happy to encourage sells at 46p rather than have to pay 47.5p in a couple months time?

[rivaldo] 01/4/2021 13:29

Congrats to holders - evidently I should have bought in :o((