Wey Education Share Discussion Threads

[bigboyblue] 14/5/2020 20:05

Agree RM and I also take seabornlegend's points earlier. I wonder if there may be some news in the making that would be commercially sensitive. For example there have now been two hints about possible acquisitions.
Ultimately as investors we all have to take our own view. In my case my two biggest investments are junior exploring miners. In comparison WEY (my 3rd biggest)is practically a safe blue chip!
We all know that the share price here can move a lot on small volumes and it's perfectly possible that in the absence of news it may drop back in the coming weeks and months. But I come back to the fact that this company is in the right place at the right time and I believe there will be some impressive results by September. I'm willing to wait.

[rampmeister] 14/5/2020 19:31

Surprised that still no post Covid outbreak trading guidance given. I have around 20 stocks who have all routinely guided on Covid impact on their trading whether good, bad or indifferent. We are approaching the end of first quarter and nothing from Wey. Even if trading remains the same as previously advised, Wey should advise the market imv.

RM

[mfhmfh] 14/5/2020 17:36

Share price came back nicely at the end.

[netcurtains] 14/5/2020 15:43

The main point I gleamed from the meeting (but I might have read it wrong) is that they have cash and they are going to use significant amounts of it for massive marketing (and or buying other companies) as this is a once in a life time event and they have to grab it if they can. So I guess we could be at the same point in WEYs corporate life as BooHoo were (online clothing) before they opened up the flood gates of marketing and boooooooom, sales went through the roof....
They kept very tight lipped (as far as I could tell) about current sales but they did say Institutional investors have been advising them to up marketing substantially (I might be wrong as our dog kept interrupting me and wanted taking out to garden..

They clearly (definitely) did not want too much known on message boards. It was very secret squirrel - WEY 2.0 is very different to WEY 1.0....

[bdh1] 14/5/2020 15:35

Be great to hear. Re: Net @ tens of thousands of pupils. The headroom for growth here is enormous. If they’re starting to get their marketing on point and the global opportunity given by their platform, future numbers could dwarf current levels. The hardest part right now is patience. Suspect September term start will be a catalyst for growth

[rampmeister] 14/5/2020 14:50

Anyone heard anything yet particularly regarding current trading?

RM

[netcurtains] 14/5/2020 12:33

500,000 trade from last night just popped up!

[bigboyblue] 14/5/2020 11:52

There's an opportunity to put that right today.

[seabornlegend] 14/5/2020 11:41

There's a big difference between being run like a business and run as a business. The guy on LSE makes some valid points. Investor communication over the last 8 weeks is one of them.

[netcurtains] 14/5/2020 10:14

News from USA (surge in demand across the board from home education companies and rise in share prices)

[netcurtains] 14/5/2020 07:33

I've told him the WEY Investor conference is today at 1pm..

[bigboyblue] 13/5/2020 23:04

There's a poster called nonegsplease on LSE who makes a number of critical points and he may be right about some of them, but the fact remains that this is a business that is well run, growing rapidly and very well positioned. I shall be keeping my shares.

[bdh1] 13/5/2020 19:54

Great shout - Just listened to the podcast. To even be talking about that level of ambition they must have some compelling H2 evidence. Very glad I didn’t sell any recently. Re-rating on the cards.

[netcurtains] 13/5/2020 17:25

Or put it another way (I guess)..
Wey 2.0 Strategy (When comes to fruition)

If thousands of pupils equals a pre-tax profit of about £1m and Market Cap of 30m
Then tens of thousands means minimum pre-tax profit of £20m and Market Cap of about £300m (YouGov for example has pre-tax profit of £20m and market cap of £700m+)

I'm assuming can get about £1m pre-tax profit per 1500 pupils - so £20m profit comes from 25,000 students (eg the minimum amount that one can genuinely call "tens of thousands").

[shanklin] 13/5/2020 16:32

Interesting podcast, thank you bbb

[netcurtains] 13/5/2020 16:10

Thanks bigboyblue.
I particularly like the "WEY 2.0" Current strategy to grow from thousands to tens of thousands of pupils. Also growth in UAE was something I did know about. Basically "Strategy for accelerated Growth" - to educate tens of thousands, instead of just thousands.

Wow. That is some strategy!!!

[bigboyblue] 13/5/2020 15:35

Jacqueline Daniell is on today's voxmarkets podcast

[netcurtains] 13/5/2020 09:44

WH Ireland..... If you have not ever signed up for one before (eg not on a previous list) I guess its hard to get on it. I think they are happy for people to turn up normally but perhaps the nature of Zoom they have to limit the numbers otherwise question and answers will get too long... (just a guess). But definitely WH Ireland have something to do with it... Good luck! Its tomorrow at 1pm - Normally they are very keen for people to come.. (as you can imagine - companies always want the financial media to know what they are doing)...

[bdh1] 13/5/2020 09:22

Hi Net - I spoke to WHI and they said they couldn't help. Did the link come from WHI or the Company? Cheers

[netcurtains] 12/5/2020 20:25

Big buy went through early on (250,000) - just shown up (I guess order filled at end of day):

12-May-20 09:57:30 23.60 250,000 Buy* 22.40 24.60 59.00k

[bdh1] 12/5/2020 16:32

It looks that way. The expectations management seems to have gone full circle since Barrie replaced David. Leoinvestor did a detailed piece of pre results analysis and they've over shot that by quite an amount too. This shows how difficult it is to estimate with the current climate & increased marketing focus. It isn't Barrie's first overshooting example either. I'm not complaining btw. Based on previous over performance they could (internally) be anticipating anything in the range £8.5m to £9.0m. That would be nice.

[simso] 12/5/2020 15:14

netcurtains - re post 2660 we cannot assume directly that Balance Sheet deposits up 88% at the half year means second half sales will be up by that amount. I am sure they will not be up that much. It could be timing of deposit receipts, a different policy on deposits required...a whole host of things.

The second half sales forecast requires growth of +22% v LY...which is hopefully prudent in light of the fact the first half was running at +43%, and deferred income on the Half Year Balance Sheet is up +38%. Encouraging numbers, but not conclusive of course. WEY are establishing a credible "under promise and over deliver" on the Forecasts since Barrie Whipp took the helm, and the indicators I mention give encouragement that could continue, and we hopefully beat the new £7.9m number. Time will tell!

[bdh1] 12/5/2020 14:39

Hopefully all good for the foreseeable!

[nico115] 12/5/2020 13:10

No one is better than Simso He is so modest yet beats the market year in year out He compounds 22pct per annum Best analytical brain out there

[netcurtains] 12/5/2020 12:07

bdh1: If I've read Simso's post correctly, then its saying WEY was 43% ahead last year but potentially, its currently 88% ahead (eg deposits taken) - although I have no idea how many deposits they give back or if these deposits are still coming in (eg more than 88% soon)..