Wey Education Share Discussion Threads

[netcurtains] 24/5/2020 12:04

you can see how much better INTERHIGH is (a purpose built online school) to typical home school solutions in SE Asia (and I guess here too in EU and UK) :




"Do you know what technologies are being used by teachers/schools to do video recordings both in China and Singapore?

Schools are using a wide range of platforms such as Zoom, WeChat, webinar platforms, and their mobile phones to video and upload to their MIS, VLE, Microsoft Teams or other platforms for children to access to help them with their distance learning right now."

[netcurtains] 24/5/2020 08:03

Interesting tweet from Chris Ackers:

[netcurtains] 23/5/2020 15:24

InterHigh in the Independent yesterday (Anna Hursey is a pupil of InterHigh) :


"......With schoolwork online, courtesy of InterHigh – an interactive institution founded in 2005 which provides UK and international students with a full Primary School, Secondary School and Sixth Form College curriculum. Over 10 per cent of InterHigh’s students are athletes."

[netcurtains] 23/5/2020 10:51

....so what could WEY BUY with some of its cash pile?

One thing worth looking at could be a 'failing' bricks and mortar school due to the Virus.

WEY could possibly get a significant number of that schools pupils to sign up for InterHigh, it could use the building(s) as its own EXAM CENTRE (Something its missing at present), a place for students to meet and hold social events. Perhaps a place to run summer short courses.

Blended Learning has a future too:

[netcurtains] 22/5/2020 16:21

Well longshanks - its going to be a very interesting summer! Have a good weekend!
Nice big buy near the bell!

[longshanks] 22/5/2020 16:05

Not sure you can compare on a like for like basis. LTG has got where it has got to by patiently integrating complimentary businesses into the group structure and gaining scale. That has taken some time. Its share price is supported by justifiable expectations that the company will meet its 5 year earnings growth targets as they have managed to meet or beat all expectations to date.

WEY is still in the starting blocks of such a process and whilst it has some potential, it is still quite fledgling in terms of scale. I have listened to some of Wendy's podcasts and I like the growth ambitions and believe them achievable but I think we are still some years away from having the levels of free cash flow enjoyed by LTG.

I don't think the current share price is cheap, but it isn't too expensive either. I have a rough target in my head of 50-60p as a short term play, but am actually more interested in the 5-10 year time frame as a LTBH by which time the shares could well be around the 200p mark.

[netcurtains] 22/5/2020 10:58

What would you value WEY at in 1.5 years?

I was thinking it would still be growing fast and, by then, making about £2M gross profit - perhaps a lot higher (I mean they are talking: "tens of thousands of students").

Looking at LTG (Learning Technology group) - Its profit is about 1.5% of its Market Cap. So assuming roughly the same figures for WEY then, if WEY made £2M profit, it could be valued at 2/1.5 * 100 = £133M or a 400% rise from todays price.

LTG figures here:


However assume WEYs profit will be 3% of its market cap then its still going to double from todays price - but could be a lot more than that.

[netcurtains] 21/5/2020 11:05

Really interesting article about something called FUSION EDUCATION



or these (from same publication):

South Korea: Three-quarters of students receive private tuition – government survey 18/05/2020

US: Chinese ed services provider raises $8m in New York flotation
18/05/2020

Chinese school groups eye international expansions amid pandemic as mainland nurseries struggle to survive
15/05/2020

UK: Cambridge University commits to online-only lectures until next summer
20/05/2020

[netcurtains] 21/5/2020 07:30

More institutional investments in online Education:

[netcurtains] 20/5/2020 19:28

the "tens of thousands of new students"....
One avenue they might come from is the MOOC world... (Massive Open Online Course)...
I was looking at some of the academic papers by Sara De Freitas (the new WEY Education board member).
One of her most recently published papers (at least on the site I looked at) is on MOOC:
(2015)



A list of her research papers from about 2005 to 2015 is here:

[netcurtains] 20/5/2020 17:24

ON-LINE HOMEWORK v SCHOOL HOMEWORK

From Wikipedia:
Fayetteville State University conducted a study on whether using an online interactive system such as MyMathLab would increase a student's academic performance compared to the traditional paper-based homework system. The study was done in a college algebra course. The result showed that those who pass the course using MyMathLab is 70% while using traditional homework system is 49%.[4]

[4]Kodippili, Asitha, and Senaratne, Deepthika. "Is Computer-generated Interactive Mathematics Homework More Effective Than Traditional Instructor-graded homework?", "British Journal of Educational Technology" Vol 39, No 5 (2008): 928-932. Retrieved 5 October 2011.

[netcurtains] 20/5/2020 16:24

done... I dont suppose anyone has the LATEST WH Ireland report?

[longshanks] 20/5/2020 15:06

I wasn't looking for any such update, but it is worth noting that I discovered this through the COVID-19 index on Vox markets.

The company description provided is:
Educational group, Wey Education uses digital technology to operate its two established divisions – InterHigh, a non-selective fee paying online secondary school, established in 2005 and Academy21, B2B division serving other educational providers, schools, local authorities and other public bodies. The group is witnessing further demand with the widespread shift to online education in the wake of the COVID-19 and
government lockdowns.


Maybe a link to add in the header:

My view is that secure online education platforms are going to be a norm for the foreseeable future and will, in time be merged with traditional classroom teaching too. Just like WFH is becoming a norm, SFH will also become a common theme and not just for those that are ill.

[netcurtains] 20/5/2020 14:22

Hi longshanks:
If you are interested in the "Covid19 trading update" there isn't one currently however there is news on what WEY Education have been doing during the crisis (similar but not the same):

[longshanks] 20/5/2020 13:21

I have been buying into this. Nice stock with an exciting future.


I used to be a shareholder in NetDimensions that got acquired by the ever-hungry Learning Technologies Group (LTG). I then bought LTG and did well with that.

It strikes me that LTG would see this as a good bolt-on acquisition, but hopefully the stock can avoid such an end result and carve out its own strong niche.

[netcurtains] 20/5/2020 11:19

These "unknown" trades - are they mopping up the sells? Interesting, they keep popping up every day.

[netcurtains] 20/5/2020 08:02

If you look at hi-lights from Bloomsburys results this morning its clear that, in a general sense, the ONLINE ACADEMIC MARKET, is BOOMING!!!!

(when they say "non consumer" - generally speaking thats "bloomsbury" for Academic market:
FROM BLOOMSBURY:

Excellent Academic & Professional performance, with profit before taxation and highlighted items* up by 58% to £4.8 million (2018/19: £3.0 million) and revenue up 4%

· Non-Consumer profit before taxation and highlighted items* up by 85% to £6.7 million and revenues grew by 4% to £66.0 million (2018/19: £63.4 million)

· Non-Consumer profit before taxation grew by 159% to £5.0 million (2018/19: £1.9 million)

· Bloomsbury Digital Resources ("BDR") revenues up 32% to £8.3 million and moves into profit

· Digital format sales now comprise 22% of Non-Consumer revenues, a CAGR of 18% over four years

· Acquisition of Oberon's rights in December 2019 completed for £1.2 million, strengthening our digital resources with its high quality drama IP

· BDR partnerships with Human Kinetics launched and Taylor & Francis in development as well as the new National Theatre collection included in Drama Online

[netcurtains] 19/5/2020 16:12

Another one of those 500,000K trades.
Are they buys?
One assumes most likely they are buys as price has
gently being going up in a bit of bear market.

(ps Number 3 might be most likely but No 2 (numbers in September) is going to be really interesting)

[bigboyblue] 19/5/2020 15:31

My guess is your number 3, but of course that doesn't rule out the others.

[netcurtains] 19/5/2020 15:25

Bigboyblue: By the looks of things from info from: job ads, WEY investor presentations and the general market we can split situation into FOUR possible areas (some more likely than others):

1. A "Big Thing" being developed - possibly in early BETA by year end (eg Jan 2021).
2. The million dollar question - what will the numbers be for academic term starting THIS September .
3. Buying "something" (a company perhaps) that will need adding a lot of WEY technical 'know how' to bring it up to speed.
4. A big telemarketing campaign possibly geared up for for this summer.


As I said before gut feeling a lot of 'secret squirrel' going on at present. But I also feel a lot is going on.

[bigboyblue] 19/5/2020 15:12

Sounds like the sort of person you need if you're stepping up from thousands to tens of thousands.

[netcurtains] 19/5/2020 14:49

bdh1: You're not wrong.

[bdh1] 19/5/2020 13:49

Well - More leaders of learning roles advertised. Though most notable is a Chief Technology Officer role. They’re not messing around. £100k role per the advert. Plan afoot!