Wey Education Share Discussion Threads

[netcurtains] 05/3/2020 09:35

WEY'S course for Accreditation as an Internet Teacher - so how big can it be?
I guess the market equates to the number of teachers in the UK (and beyond - but say just UK at present):

How many teachers are there in the UK? There are currently 506,400 full-time teachers in the UK. 216,500 work in primary schools, 208,300 work in secondary schools, 61,500 work in independent schools and 16,700 work in special schools.



Listen to the interview. It seems to me, in this virus crisis, many teachers will need this accreditation... I would be very interested to see how many teachers are signing up for this course.

She said this BEFORE Coronavirus outbreak:

Will it be revenue generating: Her answer: yes - potentially very revenue generating.

For any investors in WEY this website is very useful:

(there are TEN MILLION pupils in the UK and that is only a FRACTION of WEYs potential global market.
The Coronavirus could be, in some ways a game changer)

[74tom] 04/3/2020 22:29

It’s really quite intriguing to compare the current position of WEY with that of LTG when it listed back in 2013.

LTG joined AIM in October 2013 at 9p per share with 275m shares in issue. Income for the year ended 2013 was £7.55m and the share price had grown to 20p when the finals were released in April 2014 (market cap of £55m).

Similarly to WEY they had a solid cash balance, no debt, and the shareholder register was tightly held by management & II’s.

Their revenue grew as follows;

2010: £5.1m
2011: £5.0m
2012: £6.9m
2013: £7.6m
2014: £14.9m
2015: £19.9m
2016: £28.2m
2017: £51.3m
2018: £93.8m

The share price grew in a similar fashion, hitting £1.60 or so in the last couple of years, a 1700% increase for those who held from IPO.

Latter years were heavily influenced by acquisitions, but it shows what can be achieved in this sector when cash generated by revenue growth is reinvested into the business, driving a virtuous cycle of growth. It’s worth nothing that the whole time they kept profit before tax around breakeven, and thereby focused almost entirely on growth, whilst gradually introducing a dividend.

With WEY currently on course for > £7.5m revenue for 2020, and the current climate very much accelerating the trend towards online education, it’s certainly feasible that 2021 revenues could significantly exceed the currently forecast £9m, especially if they invest more of their significant cash reserves in teaching resources, technology & marketing.

With a current market cap of just £25m vs £963m for LTG, the room for growth is huge, and a Stockrank of 77 + high flyer status on Stockopedia won’t do any harm at all.

Hope that this is useful/interesting for current & prospective investors - I see this as an investment with a 3-5 year timeframe, which has been reinforced when researching the growth of LTG!

[netcurtains] 04/3/2020 18:40

Remember this news: Wey Education Online Accreditation for Teachers

Listen to the interview. It seems to me, in this virus crisis, many teachers will need this accreditation... I would be very interested to see how many teachers are signing up for this course.

Will it be revenue generating: Her answer: yes - potentially very revenue generating.

[ny boy] 04/3/2020 15:51

Don’t worry about PR, good , well run growth Companies,always attract investor attention, up to resistance now, soon we should breakout on heavy volume as momentum players move in.

[74tom] 04/3/2020 14:59

WH Ireland broker note has a fair value target price of 35p, but agree they could do with a bit of PR - especially in light of the current opportunity provided by Coronavirus...

[cheaky monkey] 04/3/2020 14:29

Folks starting to see the value in this company during this virus outbreak, could do with some nice PR in the investor world so highlight potential.

[netcurtains] 04/3/2020 13:17

From Guardian: Italy closes all schools for entire nation (for at least two weeks)

[netcurtains] 04/3/2020 12:48

From GuardianL
Brighton College, an independent day and boarding school in south-east England, is one of many schools borrowing from Hong Kong and Japan and preparing to switch to virtual learning for its pupils in the event of school closures, which it plans to trial next week.

[74tom] 04/3/2020 10:06

Just bought back in here after watching progress here over the last year, with cash in the bank & an excellent brand, this looks like a brilliant prospect in the current environment. Could we challenge the historic 41p high in the coming months?

[netcurtains] 02/3/2020 19:50

The principal of the Guildhall School of Music and Drama in London emailed staff and students shortly after 5pm today to say it would be closed for up to 14 days after a teacher was diagnosed with the virus. The email said:

We regret to inform you that a member of teaching staff has tested positive for Coronavirus. He is currently recovering well at the Royal Free hospital. He was present and teaching in one of the ancillary school buildings on one day last week. He came into contact with a limited number of students and we are working closely with those students to ensure that they receive urgent appropriate advice.

As a precautionary measure, the school will be closed for up to 14 days from today (Monday 2 March),

[netcurtains] 02/3/2020 09:08

people are cottoning on to the need for MORE internet schoolling - globally.

[netcurtains] 28/2/2020 16:19

"Ofqual, the exam regulator for England, says it is considering how to manage the dangers of a coronavirus outbreak disrupting this summer’s GCSE and A-level exams.

Students are due to sit A-levels - crucial for university entry - in May and June, but a widespread outbreak of Covid-19 at that point could mean that, in worst-case scenarios, students and staff may be unable to take the exams due to illness or quarantine restrictions.

In a statement Ofqual said: “We are working closely with awarding organisations and the Department for Education to consider how to manage any particular risks to the smooth running of exams and assessments should there be a widespread outbreak of coronavirus.
"

[jonbirdy] 28/2/2020 15:19

Thanks boadicea.

[netcurtains] 28/2/2020 12:08

I see the price has ticked up a bit. I'm thinking its best to hold off buying more for a bit. Stock market correction could be a bit longer. Picture for WEY is clearly very good but its price has to be relative to the price of all the other stocks. So very happy to hold (very happy) but not convinced the Stock Market has bottomed out yet.

[netcurtains] 28/2/2020 09:43

InterHigh comment:


WALL STREET JOURNAL - whole city trying internet education:


New york times:

[netcurtains] 27/2/2020 10:07

The prime minister of Japan, Shinzo Abe, has ordered all primary and secondary schools to close from 2 March until the spring break, typically around the end of March.

He was speaking at a meeting of the government’s task force to contain the spread of the new coronavirus.

[leoinvestoruk] 26/2/2020 09:36

Mark Simpson and I will be covering Wey Education on today's @SmallCapsLive

[boadicea] 26/2/2020 09:05

jonbirdy (2361) - Nothing is as unpredictable as the future. The company's expectations look reasonable and not pessimistic but they will do well to err on the cautious side as unexpected headwinds are always a possibility. It is too soon to count chickens hatching from the coronovirus opportunities which will involve initial expense with returns unquantifiable at this stage.
If things progress well it is always possible to upgrade forecasts and very much less damaging than a downgrade. Underpromise and over-deliver is the best formula for a firm share price

[netcurtains] 26/2/2020 08:54

Leo: I only monitor on an adhoc basis but all these jobs are dated around about this month so recruting more or less all the teachers for a "year" of a school is far bigger than normal (eg does a normal school get 6 news teachers at beginning of term). They said B2B expansion too so not sure what that equates in money - but possibly a lot.

[leoinvestoruk] 26/2/2020 08:30

netcurtains,

Good spot with the recruitment. Do you monitor their job adverts regularly, and if so, is this anything out of the ordinary?

[ny boy] 26/2/2020 05:14

Excellent news a long term hold, should be a great hedge against the Corona virus, virtual global classrooms!

Should test previous highs, looking for 40p + this year

[jonbirdy] 25/2/2020 20:20

Good update. I hold. In absolute and % terms the increase in turnover is forecast to be less for 19/20 (£1.5m and 25%) than it was for 18/19 (£1.8m and 44%). Just interested in any thoughts people may have about that.

[netcurtains] 25/2/2020 14:04

WEY have advertised 6 teaching jobs in the past few days. They definitely are expanding quite rapidly:



(looking at the cross section of subjects that is more or less an entire school stream).....