Wey Education Share Discussion Threads

[netcurtains] 22/5/2019 11:27

daijavu: If we brexit or do not one thing is certain the UK will still need to do loads of global trade deals and MODERN families like to bring their children with them if they can (eg hate boarding schools). InterHigh allow ex-pats to give their kids a UK education anywhere in the world so no one loses out. Currently there are 5.5 MILLION Brits living abroad and many more living there for the odd year or two.

If Labour get in PRIVATE schools will probably have to PAY VAT... Since InterHigh already pays VAT (its a for profit company) this quite possibly force more private educated children into either the state sector OR INTERHIGH (a much cheaper option than a private school that has to pay VAT - eg a 20% rise in school fees).

Either way TORY Brexit or LABOUR VAT InterHigh win.

[daijavu] 22/5/2019 10:49

bones. I do not disagree with you but the future of WEY in the UK depends very much on Government policy. A new Government could easily reverse existing policies and greatly diminish WEY's market in the UK.

As I see it, WEY's future is uncertain. A new Government that would increase taxes to fund increased public spending on education could adversely impact WEY's target market.
That does not mean that the market might not grow in the short to medium term, nor does it mean that it would entirely disappear in the long term but it might not reach the size that WEY hopes for. Even if it does it might not stay at that level for long.

[daijavu] 22/5/2019 10:04

I can see that WEY might have a future but only serving a small niche market for children who not fit in at school or cannot get to a school. Other than that I can see it being used to augment children's studies in the run up to exams but I cannot see it replacing schools to any great extent.

Of course, that small niche market could be large enough to support a small company.

[bones] 21/5/2019 23:13

Couldn’t help myself so bought a few more today on the dip at around 9.3p average.

[bones] 20/5/2019 18:03

And sold to them by someone else, judging by the mid-price it was struck at. If it helps reduce the supply of stale stock, then that’s all good.

[futuredlighter] 20/5/2019 15:47

950000 shares taken by someone today

[netcurtains] 20/5/2019 13:03

I listened to the youtube hamindahamida. It was good, although he should also have mentioned that teaching adults (the new course for teachers) is a potential new profit stream of unknown size - it might make WEY (eventually) something else entirely.

[hamidahamida] 19/5/2019 23:27

Justin wait today https://youtu.be/OCK3Bxa4_sw

[hamidahamida] 19/5/2019 23:25

Justin wait of Vox Markets has wey in his portfolio

[bones] 18/5/2019 20:40

Never mind all that smithie6, feast your eyes on this......:)


free stock charts from uk.advfn.com

[smithie6] 18/5/2019 18:39

this is a useful page at the Wey website

which gives feedback from students of Interhigh

(many of who seem to be young actors and models)

hxxps://interhigh.co.uk/pupils-case-studies/

[smithie6] 18/5/2019 18:21

lots of opportunities

and they have a chunk of cash...

if they made a small acquisition in some other country it could create exciting opportunities to make use of existing WEY platform and perhaps re-use some of the WEY course content, eg. maths, English

[smithie6] 18/5/2019 18:16

bit lost with the company opening an exam sitting centre in Wales

.....if the beauty of the offer is the on-line functions
.....and the number of students looks quite small (while paying 2-3 k per year)

I struggle to see why a physical exam ctr is needed...

and most of the UK population and hence market is located around London, and within 1 hour of Manchester

so I wouldnt have thought people from those locations would be at all impressed by the idea of going all the way to Wales to do an exam. (driving down the straight M4 from London to Wales....it is hellishly boring...)

----

and also a bit lost with the appointments at board level and the jargon of the spin from the MD for it

is an executuve for personnel really needed at board level ??
I can not see it

whereas I personally would prefer to see an exec. (or a mngr 1 level lower) that is an expert on marketing

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personally I would like to see, for example, the/a 'learn/improve your English' course(s) to be available as a saleable item....and purchasable via the minimum number of clicks...
...while that might not be the company's modi operandi at the moment.....one can imagine the possibilities....but at the moment the co. doesnt have the skill set to do it imo. (although it is fairly easy to pay to get that type of selling function set up)
----

if there are 80.000 kids in the UK having home schooling and only a fraction are using WEY then phps WEY needs to consider options such as selling some automatic training courses , at a lower cost, to that market....if a large part of the mkt will not pay 2-3k/ yr to sign up full time...

----

looks like real teachers are needed to run the classes...if want to grow
....so that appears to produce a limit to the possible rate of growth

unless add more courses that are automatic and dont need a skilled teacher to run a class like being in a classroom....but via the net...

----

(will any Asians using the learn English courses , run with a physical teacher in Wales, end up with a lovely soft Welsh accent !! )

[bones] 18/5/2019 07:35

I agree BP, the potential here longer term is huge and the share price should reflect that IF the market gets into a mode of anticipating the growth. Clearly, until the interims came out putting a lid on the costs of exiting the “Massie era”, the market gave the company zero credit.

Very happy to sit back now and enjoy the ride.

Have a good weekend.

[barnetpeter] 17/5/2019 23:08

I don’t blame anyone for taking a good profit on these at 10p. I do think this has more to go....training can be very profitable and all that cash underpins the company. So I see a rise to about 14p here in the next month

[barnetpeter] 17/5/2019 23:08

5 million cash, all the over expansion done with, profits and 55 per cent growth....it’s just too interesting for me to sell at the moment. The concentration on the two key brands sounds excellent and I could easily see a bid here out of the blue. I reckon they would take it too

[bones] 17/5/2019 17:38

I don’t have much data on the London office but I don’t think it was ever central to Interhigh or Academy21. It was a legacy (I think) of David Massie’s earlier incarnation of Wey Capital before it bought Interhigh?

The Wey accounts of 2018 talk of staffing being management/administrative based in Wales HQ and teaching staff working remotely from home. No mention whatsoever of London.

[smithie6] 17/5/2019 14:11

bones

but Im wondering about the saving of staff costs

with the rent of 135k it implies a number of staff
& other big office is in Wales...so I assume 95-99% of London staff are no longer employed..

while of course the London facility wld have had some income
although clearly loss making or the co. wouldnt have closed it down

but how much ??

[bones] 17/5/2019 12:14

To be fair, Zulu, it was ludicrously underpriced, oversold and ignored when it was under 6p. With the institution bailing at 5p, it was a gift horse!

[zulu_principle] 17/5/2019 11:56

Bones - likewise, took similar action myself at just over 10p this morning. Still a long term believer and looking to buy more on solid news, just seems a bit over-egged at the moment.

[dave4545] 17/5/2019 11:47

Don't blame you, cracking rise for those numbers

Well done

[bones] 17/5/2019 11:47

Pure housekeeping but, as I posted real time my purchasing and reasons for doing so in late April and early May, all at an average of 5.35p, I have today taken 30% of the holding off the table at an average of 9.63p. The remaining 70%, still a big number of shares for me, is effectively running now at an average cost per share of 3.5p (once sale proceeds of the 30% are deducted from original cost of the 100%).

I am very happy with this outcome as it gives me a good lump of cash to meet bills with and I still have a big stake in WEY. I have high hopes for WEY going forward and I hope it doubles again next week!