Wey Education Share Discussion Threads

[netcurtains] 17/3/2020 13:16

I wonder if they are restarting something like Quoralexis again (English as a foreign language - the demand might be big enough now)... If you're stuck at home why not learn English:

OR what about Business English?

[bdh1] 17/3/2020 11:22

Couldn’t agree more. InterHigh will be inundated with requests for support. As soon as teachers need to self isolate the system falls over. As if they won’t be asking to use the online platform and teach from home!

[bdh1] 17/3/2020 11:22

Couldn’t agree more. InterHigh will be inundated with requests for support. As soon as teachers need to self isolate the system falls over. As if they won’t be asking to use the online platform and teach from home!

[garth] 17/3/2020 09:03

Net,

Agreed.

G.

[netcurtains] 17/3/2020 08:46

Certainly essential staff should consider sending their children to online schools.
I'm 100% certain (no doubt) that both InterHigh will be getting more pupils, Academy21 will be helping many more special neeeds cases and WEY will be teaching many more teachers how to teach on-line.

This will be globally (not just UK/Ireland).

We will have interims in May (and as we go through April I expect more and more and more and more press write-ups concerning Internet Education and Home School.

Remember we already have had note saying "ahead of expectations" - this will be miles higher once schools close.... Teenagers still have to study GCSEs, A Levels etc etc... They cant wait a year - time waits for no one.

[buywell3] 16/3/2020 23:29

For sure home based education now has a bigger future based upon Personal Home Educational Terminals PHET's


as does Health


Covid-19 won't be the last coronavirus , there will be more to follow


This current run through will be a lessons learnt for the NHS , and other Health Services as well as governments and the WHO.


Infections of Hospital staff and contamination of beds/wards and Hospital premises by infected patients will be a problem that needs to be addressed as will GP's and their surgeries and staff.


As the Broadband roll out continues, one can see a Personal Health Home Terminal coming , IMO the new Health secretary has one in mind as I key.

A PHHT , which will connect and identify the caller by a finger print and retina scan.

This will also be able to take pulse and temp and blood pressure readings

Later versions will also be able to carry out several blood tests

The AI software on the PHHT will guide the caller through a number of questions to arrive at the problem of what is wrong with the caller and if further action is required.

This will take the form of a visit by area mobile health technicians.


Patients will ONLY be taken to Hospitals for admission after the AI PHHT , a medical version of Amazons Alexa if you will , has screened the caller.

The days of A&E drop ins and GP's and their surgeries are IMO numbered.

The days of further pandemics are to come.

Change is needed


dyor

[garth] 16/3/2020 23:22

Net,

Not shaken. It seemed a good time to realise some profit in a market that is down 40% - Wey were likely to drop eventually. You have been around long enough to know that there is very little that defies gravity when the markets get like this.

I am in education. Wey will pick up business from this - but if you look on edutwitter you will see that most mainstream schools are leveraging existing resources. Academy 21 were marketing to schools a few weeks back and the materials were good. But no maintained school has the free cash to put whole year groups through what Wey are offering. Yes, absolutely, they will pick up business, maybe even a lot of business. But mainstream schools will find other alternatives. Twinkl, for example, are offering 2 months free - albeit, no-where near what Wey are offering in terms of provision. But enough for most schools at this point.

DYOR.

G.

[netcurtains] 16/3/2020 14:54

This was in the interims up to Feb 2019

Wey Education plc (AIM:WEY) today publishes its interim results for the six months to 28
February 2019 and reports on a number of important developments within the business.
Financial Highlights
• Turnover up 54.7% at £2.70m (2018: £1.74m)
• Continued strong growth in both Interhigh and Academy21, reflected in turnover and
gross profit margins
• Cash balances strong at over £4.96m (2018: £4.35m)

I expect the next annoucement from WEY might well be a "I only told you to blow the ruddy doors off" moment....



garth has admitted being shaken out so we know the reason for some of the fall. As long as no more garths should start to rise IMHO.

[garth] 16/3/2020 14:15

Or people locking in some profit?

Sold mine to have cash for distressed blue chips now or later. It has been a good ride up.

Will be back. Chart says 10p to me now, but may well bounce.

Just a viewpoint.

G.

[bdh1] 16/3/2020 13:44

People panicking. Could be time to pick up some cheap shares. They’ll be gutted when have to buy back at a higher price. Basically the company had £5m in cash at last reporting date. So absolutely no liquidity risk. They’ve updated in Feb that they were ahead of expectations for TY. Coronavirus has since come along (tailwind not headwind for this kind of business. They’ve updated they are actually supporting in Wuhan. They’re also preparing support packages in other areas. Company & market specific logic wouldn’t suggest selling at 25% discount. It’s a panic from a few people

[cheaky monkey] 16/3/2020 13:28

Can't understand this drop, would have thought WEY was pretty well protected.

[netcurtains] 16/3/2020 11:13

From their website:
WEY
1) working in Wuhan (I guess from about DEC 2019)
2) Helping UK schools organise for internet classes (I guess from about early Feb 2020)
3) Interhigh expanding faster than expected (recent news item).
4) Coronia Virus will be around at least until 2021.
5) Interhigh's year start (after summer holidays 2020) will have vast numbers of pupils - "really busy" (was the tweet).

6) What I'm saying this is a step change for the company and its a continuing story.
7) When the dust settles it will be 2022 and WEY probably will be a very different company.

[netcurtains] 14/3/2020 19:41

Netflix, Captain Fantastic - Home School at the most extreme - but interesting and fun bit of fiction:

[seabornlegend] 13/3/2020 16:19

On March 12, the Turkish government announced that all primary, middle and high schools (public and private) will close effective March 16, and these schools will begin online/distance learning the week of March 23.

National Education Minister Ziya Selcuk said the closures would begin on March 16, with remote education to begin as of March 23.
"With the remote education system presented free of charge by the National Education Ministry, Turkey is ready to become a model country with television and Internet curriculum, prepared for the first time in the world on a national scale," Selcuk told reporters.
He also noted that all cellphone operators would provide three gigabytes of free Internet data for students to use in the ministry's online service.

[bigboyblue] 13/3/2020 11:31

No, but these things are relative. There has been an increase and not many companies have seen that in the last month.

I think WEY may have to balance their public announcements quite carefully in the short term. On the one hand they are obliged to provide the market with material news when they have it, but they also have their customer base to think of. It wouldn't be good PR to be shouting too loudly about increased revenue and profits when these are coming as a consequence of other people's difficulties. I guess that news, when it comes, will be presented in a low key manner.

[seabornlegend] 13/3/2020 10:52

But it's not doing much for the share price?

[netcurtains] 13/3/2020 08:46

K12 (home school) up 20% in USA yesterday.
Market Cap currently: 850 million dollars.

[cookie dough] 12/3/2020 22:02

Great post. They have a clear plan of action. It reads very well.

[riddlerone] 12/3/2020 20:02

Thats a cracking post bigboyblue thanks for sharing

[bigboyblue] 12/3/2020 18:07

Latest from the Wey Education website:
I wonder just how much demand will be generated by this crisis and how quickly Wey will be able to respond. Any thoughts?

[netcurtains] 12/3/2020 12:41

From the Sun:

"
SCHOOLS in the UK are currently preparing online learning resources as they prepare for potential closures due to coronavirus.
"

[netcurtains] 12/3/2020 11:47

From Guardian (few seconds ago):
Ireland’s taoiseach, Leo Varadkar, has announced the closure of all schools, colleges and childcare facilities from tomorrow as part of a partial lockdown that will apply from 6pm tonight until 29 March.