Wey Education Share Discussion Threads

[netcurtains] 12/7/2019 14:15

wants to rise higher ....

[zulu_principle] 10/7/2019 09:20

Interesting little flurry of co-ordinated(?) sales 8:23 to 8:37 this morning. Partial profit-taking from a larger purchase last week or an attempt to encourage a wider sell-off to bring the price down before picking up some more? Seems premature after BW's purchase last week - hasn't spooked me into selling any!

[bones] 09/7/2019 14:13

720,000 at a cost of £39,690 in total, an average cost of 5.5125p.

Guess he had 21,000 shares already.

741,000 shares out of 131,207,121 = 0.56%

[philipc240] 09/7/2019 12:22

He now owns 0.56% of shares of a £13,000,000 market cap company? Or have i not understood that buy RNS yesterday correctly?

[adorling] 08/7/2019 10:49

Always a good sign when you see “cluster”; buying from Directors as they know what’s coming!

[cf456] 08/7/2019 09:33

That's 3 director buy RNSes in the past few weeks. They clearly see value here.

[zulu_principle] 08/7/2019 09:29

Despite saying I'd wait for concrete news last week's low was too tempting and I bought a few more - seems Barrie Whipp felt the same way (presumably he's confident of a good set of results being announced in October). Added a few more this morning as well. Hopefully we'll have an interim trading update once year end is out of the way.

[2prsimo] 08/7/2019 08:12

Cool Whipp!!

[zulu_principle] 27/6/2019 20:18

bones - I'm in a similar position, fully invested elsewhere and reluctant to cash in anything else just yet. I'm taking a long-term (2-3 year) view with WEY and am happy to accumulate whenever possible. I'll probably wait for solid news though before investing any more. All the best.

[bones] 27/6/2019 11:03

Zulu, I am itching to put some of the profits back in here, having zero-costed my current holding in the way you said (see previous posts). Like you, I have found homes for the profits made so am not funded to do so. However, if this drifts to the 7p-8p region, I will likely switch something to top up at those levels for sure.

As for updates, I think today’s investors are impatient in general. There was a time we got two updates a year (finals and interims) without even a requirement for trading updates. We lived with it comfortably. Today, it’s all instant messaging and a craving for action.

Instead, its a great opportunity to buy at bargain levels in many stocks as the gamers dive out in boredom. I have the same issue on two other stocks (AOR and MSYS) where any kind of decent update will lock the bored sellers out with much higher prices.

I am convinced all my main holdings are undervalued for that reason. The prices of small caps have drifted on a buyers strike (Brexit, Iran, Trump, China, you name it) and occasional bored sellers give the MM’s a reason to drop their quotes and snaffle cheap stock. Meanwhile, the gamblers are throwing their cash at hot stocks like NANO and BIDS which are all about punter action. Granted you can make money there by timing your entry but it seems a punt as to when the tops are reached in those kinds of stocks.

As for WEY, the next scheduled update is probably end of August (the year end) update prior to finals in October. Unless they have an acquisition to announce or some other event like that, I don’t see much to inspire the price in the short term, given the political paralysis everywhere.

[zulu_principle] 27/6/2019 10:11

End-October is a long way off and the share price is slipping noticeably in the absence of any concrete news to encourage further buying. Investors who bought in at 11p are probably at or very near their stop-loss limits (let alone those who bought in at 12p or just over).

From previous posts some of us are sitting on effectively zero-cost holdings having bought in much lower and then sold sizeable chunks late-May / early-June but even so we have "Watch Lists" of shares that might give us a better use of cash in the short term.

Let's hope for some trading guidance or further director buys in the near future or I can see us continuing to drift downwards for another couple months - PR updates of visits from local MPs or "Why I Love InterHigh" competition winners aren't enough. The most recent piece of interesting news was the on-line teaching accreditation course announced at the end of May. Just my opinion - as always DYOR.

[bones] 25/6/2019 16:27

Philip, last year the final prelims were issued on 29th October. We only had the interims in mid-May.

[philipc240] 25/6/2019 13:57

Can anyone confirm when results are out?

[netcurtains] 25/6/2019 13:29

Its rapidly approaching end of one school year and the start of the next. I guess this is the time marketing is ramped up

[nw99] 25/6/2019 13:01

Entry time ?

[philipc240] 25/6/2019 11:12

This looks like a potentially good price?

[netcurtains] 23/6/2019 10:24

sorry - no delete button

[bones] 18/6/2019 08:28

Like many schools today, it has a leaky roof when it rains :D

[netcurtains] 18/6/2019 07:28

Now that is what I call a class room

[rjmahan] 17/6/2019 23:52

Those amongst you objecting to HR director on the board are dead wrong IMHO - this is a people business so its actually very important and they need to be listened to.

Easy for a decent teacher to find a job.

Actually a positive in my mind.

[netcurtains] 17/6/2019 10:47

Local MP turns up to give a talk to the students

[bones] 10/6/2019 11:45

LeoInvestorUK, thanks for your links and I found the information there very useful to top up my own researches. I will keep the blog in my favourites.

[leoinvestoruk] 10/6/2019 09:46

I have recently posted a series of articles about Wey on my blog (google "LeoInvestorUK"). Unfortunately they are far too long to repost here, but my conclusion was:

"I can make an argument for a current valuation anywhere between about 8p and 20p. Risks are principally in the 2020 and 2021 forecasts - their operations are unlikely to be affected by any economic downturn and long term the compound growth demonstrated by InterHigh in particular should make this a reasonable long term investment around current levels (11-12p).

Personally speaking this is already my largest individual share position and so I am cautious of buying more, yet I see considerable strategic value and so nor am I inclined to sell in any size unless either there is a significant change to the prospects for the company (not something I ever felt over the rollercoaster of the past 2 years) or the share price gets wildly ahead of itself, maybe over 25p over the next 6 months."

Follow me on my blog or on twitter to receive updates as I write them.

[bones] 07/6/2019 15:53

LOL, Net. In my case, sell some Thursday (@12p) and Friday (@11p) leaving me with half my original holding which was outsized for me but at 5.3p to buy I could hardly say no! I am running the rest at virtually no cost on a net basis.
I am fully committed to and convinced by the investment case here and still hold more than I did the first time I invested in WEY in 2017. Letting it run now unless the fundamentals change.

Have a good weekend all.