Wey Education Share Discussion Threads

[napoleon 14th] 25/2/2020 08:57

Today is the highest since Aug '18, & over 3x the price last May.
I was tempted to add at the open,
but will wait for the full figures at these levels.
Certainly not selling.

[its the oxman] 25/2/2020 08:51

Mid 20s not impossible here now.

[netcurtains] 25/2/2020 08:11

I've removed the post not sure why others did not like it but - dont want to cause offence.

[mfhmfh] 25/2/2020 07:26

Very positive. Momentum now building in the company after streamlining in 2019.

IMHO.

[davemac3] 25/2/2020 07:18

Nice update

[bigbigdave] 25/2/2020 07:16

Wey Education plc (AIM: WEY), the online educational services group is pleased to update the market on current trading.

Both InterHigh and Academy 21 have started the financial year with strong performance in advance of the Group's expectations. In addition, our InterHigh business to business sales have been higher than anticipated.

Group turnover for the year to 31 August 2020 is expected to be significantly ahead of market forecasts and to be in excess of GBP7.5m, which would represent an increase of over 25% on the year ended 31 August 2019.

The Directors continue to invest in marketing to enhance future growth and are also investing in senior operational executives in marketing, education and Information Systems. The board is taking advantage of the increased turnover to invest in these areas at a greater rate than initially planned to accelerate its growth plans. Notwithstanding the additional cost of these investments the Company still expects to meet market forecasts for profit for the current year ending 31 August 2020.

Barrie Whipp, Chairman, commented "The strategy established in 2019 to deliver excellent online education to an increasing number of students is clearly working. Our brands, InterHigh and Academy 21 are both growing at similar rates. It is entirely logical that, with our substantial cash reserves, we continue to seek further growth through investment in quality and marketing. The appointment of new senior executives is being covered by our enhanced revenues, as is the increase in marketing expenditure. This allows the Board to project further growth with optimism.

[netcurtains] 24/2/2020 20:36

I know its not that likely but it is relevant:

[netcurtains] 22/2/2020 08:11

All Schools in 10 Italian towns are now closed for 2 weeks...


"Schools in ten towns will stay closed for two weeks. "People must be distantiated right now, because this is a virus that is transmitted very effectively at close range" said the director of the infectious diseases department of the Higher Institute of Health, Gianni Rezza."

[netcurtains] 22/2/2020 08:08

double post

[mfhmfh] 21/2/2020 14:55

16.5p being paid

[netcurtains] 21/2/2020 11:00

With the potential of lock down of Italian City (Coronavirus) we could see some demand for Internet Education increase amongst the good citizens of Lombardy.

[netcurtains] 21/2/2020 09:47

Interesting article featuring: Jacqueline Daniell (one of the founders of WEY Educaton):

[netcurtains] 17/2/2020 12:52

With Coronavirus (amongst other pressures) I expect the German resistance to home school will soon end - thus opening up the central european market:

[666james] 13/2/2020 08:42

Thanks DavROs for update

[davr0s] 12/2/2020 18:36

Aimshares endlessly spams these boards. He's posted on multiple shares today "link to broker...". I just ignore it

[netcurtains] 12/2/2020 18:15

Hi aimshares1 - that link takes me to Twitter. I can't see any broker note update. Is there a SPECIFIC tweet I'm meant to be looking at.

[netcurtains] 12/2/2020 15:54

Most experts believe the Virus will be around for months if not for a year or so.
We are noticing already that some schools in affected towns are beginning to close
(eg around some south coast towns).
In China they have embraced Internet Education for Children BIG TIME:



BIG TIME are the key words here.

[netcurtains] 10/2/2020 17:40

riddlerone: Not sure about China but I suspect WEY will be actively looking at seeing how they can help Chinese pupils continue their education while their schools are closed or they are stuck at home.