Wey Education Share Discussion Threads

[netcurtains] 09/7/2020 18:08

could be sells or buys - no safe way of knowing. Did not affect price so perhaps just transfers from one person to another but since under 3% of equity no RNS required.

[bigboyblue] 09/7/2020 18:02

Something else. Director trades were at 27p-29p. Unless of course there are now more director sales......

[netcurtains] 09/7/2020 17:40

These three trades - are they the director sells just coming through or are they something else entirely. They amount to 1.5 Million shares:

Date Time Trade Prc Volume Bid Ask Value 09-Jul-20 14:37:37 20.10 520,000 20.00 21.00 104.52k O 08-Jul-20 16:26:29 20.10 501,184 20.00 21.00 100.74k O 08-Jul-20 16:31:34 20.25 500,000 20.00 21.00 101.25k O


They came through as "sells" but they really could be buys or sells, no safe way of knowing.

[netcurtains] 08/7/2020 13:08

If you click the report button on this link it gives you a really interesting report covering how our growth is compared to our international competitors (we're mid table - we could do lots better), current broker forecast - 34p (it was at one time much higher - into 80s so brokers no longer think so highly of us)

Tons of other information - click report button it is worth it (you have to sign up but it is free )..

[gleach23] 08/7/2020 12:47

Since the shares have lost a third of their value in the 2 weeks since Mr Whipp consulted his broker about "diversification of his individual investment and pension portfolio", perhaps it's time for him to consult his broker again about rebalancing?

[netcurtains] 07/7/2020 18:35

I've added the BIG clickable chart to get a more historic perspective.
If you look just before COVID it appears the market thought
15p to 17p range was right until more known facts.

Since that time we've had:
1. Covid
2. results
3. investor evening
4. Government money being directed to education
5. Director Sells but when price nearing 30p.

So looks like the trading range is somewhere between 15p and 30p...Mean average should be about 22p or 23p until MORE known facts..

If the market thinks the next lot of facts will not be that great then price should be near 15p.
If market thinks next lot of facts will be great it should be near 30p.

Currently market is forcing price down - perhaps to as low as 15p. It "appears" pretty obvious that the market is wrong - apart from the niggle with director sells...This is why before investing most of us want to see someone else buy big first, ideally a director - its a sort of "after you" situation...


WEY Education is coming up 9th most oversold company in the UK...

This is pretty weird as WEY has tons of cash, is in a rapidly expanding sector and is expanding fast...
This list shows where WEY is and look at the other companies its bedfellows with - pretty weird.
Surely WEY must bounce up sooooooon....

[shanklin] 07/7/2020 18:22

Netcurtains

Hope your decision goes well for you.

In retrospect it would obviously have been better to have exited straight after the directors and be buying back in now.

[netcurtains] 07/7/2020 15:11

Shanklin: Even on this dreadful day for most stocks LRN (K12) in the USA is up...Again this "morning" (USA)..
I'm tempted to buy WEY at close of play... I'll wait and see what the price is for WEY then...

[shanklin] 07/7/2020 11:18

The rational reason is all you guys selling on the back of the bizarre director sales :-)

[netcurtains] 07/7/2020 11:13

K12 LRN in the USA (WEYs big brother) has been up every single day for the past five days...
Over the month its about 20 25%.

there is no RATIONAL reason for WEY not to be up too. Its a growing market and its growing fast and its set to grow for years. And WEY have MILLIONS in cash.

[zulu_principle] 06/7/2020 12:45

Not buying any more but continuing to hold (falling knives and all that).

I understand the uncertainty generated by last weeks' sales but the background story hasn't changed. People will still be nervous about sending their children to school in September so home education will continue to be an attractive option for many.

WEY directors have a history of inexplicable sales - JD sold a chunk last year for 11p (or thereabouts). I still can't work out why given the growth prospects the company was talking about at the time.

I'll add a few more if we get good news regarding Summer School numbers or enrolments for 2020-21. As always DYOR.

[netcurtains] 06/7/2020 11:27

Its currently 21.30 to buy.
10% profit would equate to sell price of 23.60

That seems reasonable odds.

[razoblade] 06/7/2020 10:43

The dude who posted 12-15p above must be smoking dried grass. Why not 10p hey?

The company is still recruiting and expanding. Best of all cash positive.

"Wey is at the forefront of the movement towards education, which is likely to grow exponentially over the coming years. The company has a proprietary, cutting edge software platform which means that it is well ahead of the competition."

posted just few days ago. Don't mean much but still they plan to grow which is key.

[gleach23] 06/7/2020 10:08

Topped up with a few today after seeing the underlying share price improving...fingers crossed for some recovery from here

[netcurtains] 06/7/2020 09:25

..suppose we get a second wave of Covid but Private schools do not give refunds. It might make sense to send your child (or A level student) direct to a private home school company (like WEY) right from the beginning of term rather than muck about with "ifs" and "buts" - it would save a bucket load of money (which might be tight as
I know for a fact that many middle class families in the city use their "bonus" payments to fund private schools - no bonus no school. .......

so I think its pretty safe to say the September figures should theoretically be good.
Hence the rise in K12 (ticker LRN) yesterday in USA.

[jimsyone] 04/7/2020 11:57

Goldman Sachs - Berenberg - Peel Hunt - Liberum - Cannaccord give the top fund managers picks

[netcurtains] 04/7/2020 11:18

74tom: Against that view K12 in USA up HUGE yesterday. I suspect with COVID hot spots and second waves etc, come September (and beyond) more and more kids will have to be full time home schooled.

So its a mix bag. What you said and what USA says.. Thats why many sold half and kept the other half. It still could go either way..

[74tom] 04/7/2020 11:09

It can’t be classed as a good top up opportunity until results back this up with cold hard facts. Until then it’s a risk to buy / hold when 3 x directors think it’s a wise decision to sell material amounts of their holdings (I don’t care about gifted options). If the business was going great guns, you’d expect them to add to their holdings...

It’s common sense really, reflected by the market reaction. IMO we’ll see 12-15p before the August trading update.

[seabornlegend] 03/7/2020 20:38

Covid was an opportunity. They squandered it. Wouldn't surprise me if they announced Rob Terry as their next non exec director.

[razoblade] 03/7/2020 19:27

Good time to top up. Have multiple positions all the way back at under 10p I still see potential and future growth. Don't understand why people started selling now after losing about 30%. Wey swings both ways like that so anything can happen.

[napoleon 14th] 03/7/2020 18:41

I'm all out too.
Chart not good and 60% profit not to be sniffed at...

[adorling] 03/7/2020 15:00

We have fallen 30% in less than 10 days after several Directors sold out. We were right to follow them. If the 100 day MA does not hold (21.5p) I can see us drifting down to 17p the 200 day MA support level. Might buyback in if we have any visibility of H2 but suspect Directors know something they don’t want to share with Shareholders eh?

[74tom] 03/7/2020 08:34

Heading back below 20 by the looks of things, sentiment has been well and truly butchered for the time being. If they had guided on second half performance the reaction may have been more muted, but no guidance + director sales means that most are going to take profit or cut their losses. Interesting to see where things stand comes the end of August trading update.

[netcurtains] 02/7/2020 19:20

Interesting the web site says "revision course details later this month"..... Its not only later this month we're into the next month...