Wey Education Share Discussion Threads

[netcurtains] 28/1/2019 10:22

I suspect InterHigh Juniors should enable turnover to be significantly up this year.

[netcurtains] 25/1/2019 19:45

Game of Thrones

[bones] 23/1/2019 21:26

Micro, I have a similar situation over at AOR. Miton own 9% (from May 2018). Someone has been dumping 15k lots recently but whether it's them, who knows. I've been scooping a few at current levels but I might as well try stopping the tides :)

[microscope] 23/1/2019 18:18

Miton again selling is my guess. They've apparently done a huge chunk of their AIM portfolios on CAKE. It means, if I am right, that this low low valuation won't last forever imho, and for patient investors, this price might look to have been madness once they're done.

[netcurtains] 23/1/2019 10:01

Probably can expect some news I guess soon - perhaps end of January .
(guessing that is why beginning to rise again)

[netcurtains] 12/1/2019 17:27

Great Story :

[microscope] 10/1/2019 20:11

Shocked and saddened to read that, net. Obviously there was the RNS of complications after his surgery, but that was all I'd heard. Thanks for updating us. Condolences to all concerned.

[666james] 10/1/2019 19:09

Not good news. Very sorry to read that information RIP

[bones] 10/1/2019 19:01

Net, that's very sudden and sad news. He was so full of energy and enthusiasm for the project when I last saw him.

[daz] 10/1/2019 18:45

Net, I didn't know, so thanks for sharing. It is very sad

[seanworld] 10/1/2019 18:45

I am deeply saddened by the news of D.Massie passing.

Life.. so fragile

[netcurtains] 10/1/2019 18:19

Apologies if I am speaking out of place but Mr Massie died after a short illness. His shares will pass to his heirs with no inheritance tax (as there is no tax on AIM shares).

From what I understand, his heirs are committed to the company.

Its really sad. He was a good man.

[barnetpeter] 10/1/2019 17:18

42 pence from last jan to 8p this discounts rather a lot!

[bones] 10/1/2019 15:20

Microscope, we are unclear about his health. It sounded quite serious from the RNS, sadly. Being absolutely blunt, the potential exists for the shares to be moved to other hands within the family, perhaps into trustees' hands, via IHT planning arrangements etc.

Naturally, as someone who met David twice at shareholder events and corresponded with him occasionally, I wish him the speediest of recoveries and a happy retirement.

[microscope] 10/1/2019 14:32

Don't for a moment think David would sell, he's too much invested emotionally into the business to want to cause that sort of disruption.

[bones] 10/1/2019 14:13

I agree Daz. Given that David Massie was the main internationalist, I suspect the remaining team will opt to focus on the core competencies and drive Interhigh, Infinity and Quoralexis forward and go easy on spending the money raised at 22p until the way forward is clear.

[daz] 10/1/2019 14:07

Having attend a presentation last year, I'm pretty sure that David Massie is committed to the company and will retain his interest for the medium term at least.

Re, the other investors, I think that's a good point. I think many will be concerned that David Massie, who was the driving force has had to step down and that this may in their eyes affect the investment case and this has been reflected in the decline.

I think the new management team really can't afford any slip ups and may be very conservative and focus on the core business but that might be an advantage in the short term at least.

I also think we're in a situation where a number of people will be sitting on the sidelines waiting to see the next statement and will probably re-assess then.
It should be the case that online learning is gaining further traction and that WEY should benefit from that trend but you can't be presumptuous.

[bones] 10/1/2019 13:27

One unknown worth considering is the fate of the 23M shares owned by the recently retired (due to ill-health) director, David Massie. Will these shares be an overhang?

Also, are some of the original institutional investors restless? Killik was reducing but the main 20% holder is Livingbridge LLC. Wonder how they feel currently albeit likely to be still well in profit.

For me, the Massie situation re his shares and also strategy without him not yet being clear, keeps me from investing at these apparently bargain levels. Trade numbers suggest there are still chunky sellers about (eg, 400k yesterday at 8.5p).

[barnetpeter] 10/1/2019 12:06

remember that WEY had 4 million in cash at last statement. Over 3p per share so risk is not so much now

[seanworld] 10/1/2019 09:35

Resisted recently to add further here.

Every time I think the share price has turned and momentum is being built
sellers reemerge.

Understandably so esp. with regards to the markets in general.


The FED keeps it all afloat just about, but they have for a long time.

Not sold any shares in WEY as I still believe in the future of the company it is just going to take longer than initially anticipated, and my own expectations have somewhat been revised.

[sonie01] 09/1/2019 17:34

Looks like 3 yrs before it hits the highs of mid 40s as it did some stage last year!!!

[daz] 09/1/2019 16:26

Net, I can see from Stocko that EPS forecasts for this year have been scaled back in the last 3 months from 1.43p to 0.83p, so as you say, reduced expectations are in the price now.
I'm hoping that there isn't another downgrade in the pipeline but 4 months into the year and the peak September enrollment period well into the past, they should have said by now.

[netcurtains] 09/1/2019 16:16

Daz: I'm no expect, but expectations are in the share price. Therefore the market expectations are very very very low (eg if the market expected brilliant results it would have a mega high share price).

However I suspect "insiders" expect the company to show reasonable growth.
So should really be trading at over 22p - up to 30p range ... But dont hold your breath.

Cheers Net.

[daz] 09/1/2019 15:32

I agree, after sitting on the sidelines for a few months, I've bought a few as well. There was large amount of volume traded on the 7th and this I think/hope marks the bottom.

Guidance hasn't changed and the outlook statement in the finals was '... The year has started encouragingly and sales activity in the Interhigh and B2B divisions are materially ahead of the equivalent position at this time last year.', although it's not clear how this relates to market expectations.