Wey Education Share Discussion Threads

[riddlerone] 10/2/2020 16:42

Thanks Netcurtains,yes I fully see the possible outcome here but could not find out what happened to all the ground work they had done on China.

[netcurtains] 10/2/2020 15:06

1m ago
15:04
A UK law firm that specialises in private education has said independent schools should discourage students from flying to China and consider keeping their boarding house open and staffed during the half-term break.

Vicky Wilson, Senior Associate in the Education practice at Wilsons, said:

Pupils from China and Hong Kong make up the biggest single group of overseas student in the UK’s independent schools. Coronavirus is something every school must address this week.

The Foreign Office has advised people in the UK to avoid all but essential travel to China and independent schools must reinforce that to pupils and their families.

Missing a family reunion is hard on everyone but it is preferable to pupils risking their education being seriously disrupted by Coronavirus and its fallout.

Wilsons Solicitors have listed six things all independent schools should be doing ahead of the holiday.

Talk to students and families about whether it’s necessary to go back to China
If Chinese pupils stay in the UK, ensure they have guardianship arrangements in place
Consider keeping your boarding house open and staffed during the holiday
Have a staff member at the school responsible for communicating with pupils and families
If students do travel to China, ensure medical staff at the school are trained to spot Coronavirus symptoms
Ensure children can still study if they have to enter quarantine

[netcurtains] 10/2/2020 14:39

This site gives a reasonable indication concrning schools closures in SE Asia and India due ro Coronavirus. One suspects the demand for internet education in these effected countries must accelerating.

[netcurtains] 10/2/2020 11:53

I dont really get why it has 17.5 as offer price on last trade when the offer price is 15.5 ....Does not make sense (NEX - not LSE)

[netcurtains] 09/2/2020 17:18

Interesting tweet:

And another interesting tweet (different source):

[netcurtains] 08/2/2020 08:27

The demand for Internet Education might be going through the roof in SE Asia with the Virus.

[bones] 06/2/2020 08:27

Confirmed Massie Estate was seller to Cannacord

[netcurtains] 05/2/2020 15:21

Listening to DaveMac3's podcast link its interesting that the main reason Jacqueline Daniell gives for investing in WEY is the same reason Elon Musk givs for investing in TESLA, namely a desire to participate in the future....
TESLA has 5 bagged over the past 12 months (from low point) - lets hope WEY can beat that!!!!

[666james] 05/2/2020 14:47

Not bad news anyway it's looked at.

[mfhmfh] 05/2/2020 12:13

big vote of confidence for the company that Canaccord Genuity have gone over 5%. IMHO.

[netcurtains] 05/2/2020 11:43

Its more or less exactly 1Mil so that sounds like the round sum an individual might want. It is, as you say, a good vote of confidence in the future by the Canadian investment firm (home school probably is quite popular there in rural communities).

[bones] 05/2/2020 11:22

Yes, on behalf of “discretionary clients”. Positive I think. I wonder if it was bought from the Massie Estate? Should be a disclosure soon from whoever was selling.

[666james] 05/2/2020 10:56

CANACCORD GENUITY GROUP INC VANCOUVER, CANADA looks like they have picked up that 7 Million plus shares giving them over 5%

[bones] 04/2/2020 18:24

Looks like 7.15M moving from one set of hands to another, seeing as the transactions occurred a few seconds apart. Maybe some shuffling about under the Massie interests? Just a guess.

[666james] 04/2/2020 17:47

Over 14 million shares traded

[bigboyblue] 31/1/2020 13:15

Thank you boadica.

[boadicea] 31/1/2020 12:23

bigboyblue - The 10% rule is a limitation, not an expectation.

The purchases are on market and the limitation would apply in the case of a rising share price where the purchase price might otherwise exceed the average mid-market price over the preceding five days. Part of the 10% is taken up by half of the buy-sell spread, typically ~4% or +/-2% of the mid-price, so the practical limitation is somewhat less than 10%.

In the case of trades via the order book (not likely to apply to WEY), purchases are often made as bids on the book by an appointed agent with dma and therefore execute as sells.

The object is presumably to prevent any purchases that would materially accentuate a market rise or generate a spike in a thin market.

[zulu_principle] 31/1/2020 08:07

bigboyblue - I don't know, that's why I'd be interested to hear the views of anyone who was there. Given the structure of WEY's shareholding it looks like all resolutions were simply nodded through.

[bigboyblue] 30/1/2020 13:42

Zulu: I wasn't there but would also be interested to know more. What would happen to any shares purchased? Cancelled, or put into treasury?
27.48m is a lot of shares and very similar in amount to those held by the estate of the late David Massie. Is it envisaged that the holder(s) of these shares may wish to sell? If so, I can see that such an arrangement would facilitate a smooth transaction, but what's the justification for a 10% premium?
Apologies if all this has been explained before or if I'm missing something obvious here, but can anyone shed any light?

[netcurtains] 29/1/2020 20:51

Does anyone know what all the trades were about today? Some of them right up to 5:30pm?

[zulu_principle] 29/1/2020 09:58

For anyone who was present at yesterday's AGM.

What discussion was there of Special Resolution 7? This gave the Board approval to buy back up to 27.48m shares at up to a 10% premium on the average market price over the past five days.

[zulu_principle] 29/1/2020 08:20

I still have a very small WEY holding but continue to be cautious for a number of reasons. Was anyone at the AGM yesterday? Barrie Whipp's comment for this morning's RNS is the blandest Chairman's statement I've ever read.