Wey Education Share Discussion Threads

[ny boy] 26/4/2019 14:08

You guys it makes sense buying just over 5p & change...so I did.

10-12p by next quarter imo

I remember when this got going it was a constant daily riser for weeks, just sit back and enjoy

[junderwood] 26/4/2019 14:03

Makes some sense, still better for most kids to socialise. I’m hearing that there are classes with 50-80 kids in them. Anyone heard about this?

[netcurtains] 26/4/2019 09:05

I know we're all worried about carbon emissions, but if you take into account there is no SCHOOL RUN AT ALL, this trip makes perfect sense

[bones] 26/4/2019 08:38

For the record, the interim results were released last year on 8th May, so we should get some idea of progress in a couple of weeks if the recent upheavals in the business haven’t held things up.

[netcurtains] 25/4/2019 16:29

the advantage of being in both and AOR, is that there is nearly always something going on. I dont really want it to run on madly, does no one any good in the long run. Nice steady rise back to 20s or 30s would be nice.

[bones] 25/4/2019 16:22

Thank you sicknote. Let’s hope it persists :)

[s34icknote] 25/4/2019 16:11

Wow Good timing bones !Sicknote

[bones] 25/4/2019 13:24

For information (updated in header), WH Ireland’s house broker note of 20th February 2019 (following the first trading statement after death of CEO David Massie) said:

“Wey Education plc is a UK-based educational group delivering online education services in the UK and around the world. The tragic loss of its Executive Chairman towards the end of last year has necessitated a refocusing of Wey’s strategy, the details of which were announced in early February. Under the Chairmanship of Barrie Whipp, and led by CEO Jacqueline Daniell, the Group is now set to be more focused and streamlined around its existing businesses of InterHigh and Academy21. Coupled with a revised sales and marketing campaign, Wey is seeking to capitalise on the growing demand for online-based education, alongside targeted overseas opportunities to be achieved from the UK. Although there is a material rebasing of our estimates, we believe near-term forecast risk significantly reduces with potential, certainly in 2020E, towards the upside. Our DCF valuation conservatively sees fair value at 35p.“

[miahkaysor] 25/4/2019 12:29

10p short term?

[bones] 25/4/2019 11:48

Hamidahamida, I believe you are right. There will be a kitchen sink job on the 2019 accounts to take account of the truncated David Massie inspired international projects. From reading the recent WH Ireland report, I think there is some expectation by the broker of an overall loss of maybe £0.8M after incorporating the exceptional costs. Once we know the damage and can rule it off from future years’ numbers, the ascent in profits should start to appear going forward.

Until then, it is a question of how long the market takes to look ahead that way rather than be obsessed by the unfortunate turn of events (Mr Massie’s untimely passing away) and the perceived overhang of his shares now in his estate (circa 18% of the company).

This is my speculation only, but I think it likely that Mr Massie’s executors will hold the shares and I imagine they have had plenty of conversations with the current board. This is a small company and I expect the family know the other board members well.

That said, it will be interesting to see if a holdings RNS emerges soon given the recent large disposals that culminated in a 1.5M slug going through at 5.0p yesterday. That alone is over 1% of the company shares. My wild hunch is it could have been Miton Asset Management, who have been liquidating a lot of their small cap holdings lately but it is only a guess.

[hamidahamida] 25/4/2019 11:17

0ver 5 Million revenue Growing over 25%Generating cash 8 million m/Cap 4 Million cash in the bank This company is grossly Underpriced

[cheaky monkey] 25/4/2019 10:15

Woo Hoo!! About time eh?

[garth] 25/4/2019 09:39

Interest aroused this morning it seems.

G.

[bones] 24/4/2019 21:03

Thanks Net, I wanted to make the investment a decent size so it was partially funded from a sale of some of my TRD (still holding a decent chunk) which was a kind of rebalancing exercise and a judgement on what will go up the fastest. I just feel that the potential for WEY to re-rate soon is greater than TRD. Also, it was clear there was a big seller in WEY as Cantors was aggressively offering just above the bid and not moving off.

The unknown is whether it has much more to sell. Maybe this is Miton doing one of its liquidations as their small cap funds seem to have been hit with redemptions since the flush out in Q4 2018. If so, I will willingly mop up some of those at 5p!

[netcurtains] 24/4/2019 20:27

well done bones! Good luck!

[bones] 24/4/2019 17:45

A 1.5M disposal printed today. I wonder who is liquidating. Massie’s executors maybe?

It’s good news for those of us looking to accumulate at these rock bottom prices. Like yasX (post 1765), I too have decided to re-dip my toe. Actually, it is more a complete foot! I have bought over the last two days more than twice what I ever held before but at a fraction of my previous selling prices. I hope WEY will be as successful as the last run from single digits...

[bones] 24/4/2019 12:23

I have now updated the header with WH Ireland’s most recent estimates (20th February) and tidied up some of the narrative.

[yasx] 23/4/2019 12:04

I have recently taken a position here having previously sold at multiples of the current price (as declared at the time here and elsewhere).

I reckon any whiff of good news or stabilisation of the business post Massie will result in a meteoric rise. Cash position is good, needs a bit a positive newsflow to catapult things.

[buywell2] 18/4/2019 13:07

netcurtains non est bonum, ut verberare a mortuis equus

[netcurtains] 18/4/2019 13:02

I feel (provided no bad news not already known) when this "BLOWS" it will blow big - seriously BIG.

[netcurtains] 17/4/2019 13:21

UKs future Golfers sign up for WEY Education

[netcurtains] 16/4/2019 21:34

barnetpeter:
CEO Q&A discussing their recent development & the benefits to Wey -

[barnetpeter] 16/4/2019 20:30

Trouble is the stock goes down daily and the company has nothing to say. 4p on the way maybe?

It may be cheap on what we know.....but falling knives are always dangerous.

[garth] 16/4/2019 11:31

Tight spread 5.2p/5.25p