Wey Education Share Discussion Threads

[netcurtains] 06/11/2020 16:12

quite a flurry of buying. No selling at all.
Price unchanged.
Still 18 minutes to close.
Possible results on Monday.

[netcurtains] 06/11/2020 13:24

No sellers so far today. All buys.
So far so good!
One buy even a reasonable size too.

[wigancasino] 06/11/2020 13:23

Took a few out at 32p to pay for a new boiler but very happy to stay fully loaded in WEY. Must admit was expecting a bit of upward movement today ahead of results but this is an excellent long term play. Good looking graph, my target is 60p and will leave a good chunk in with a 10% stop loss.

As they say, a profit is not a profit unless you take it.

[neo2725] 05/11/2020 12:47

I think they will be out Monday next week, there was a £31k buy yesterday at close and I will be watching tomorrow afternoon closely to see in further large buys appear. I feel there is more upside than downside here, good luck for Monday all

[netcurtains] 05/11/2020 08:06

On some financial calendars WEY results are on NOV 9th: MONDAY.
The last update we had from WEY was this (back in July):

We have been warned of potential good news::

Barrie Whipp, Chairman, commented "Performance across the group has remained strong and we have continued to invest in education quality and marketing. We expect to exceed market forecasts for profitability and the excess would have been higher had we not continued to invest now for future growth. The task at hand is to continue with our investment programme in order to ensure that we take advantage of Wey's prominent position in the online education sector, which is more relevant now than at any time in the Company's history"

MONDAY 9th NOV. - Possible results day.

[netcurtains] 04/11/2020 11:42

I'm note sure if Academy21 are applying for some of this £350M-£1B money - re-tutoring... But perhaps they are:


From article:
"
The government's £350m allocation to tutoring through the £1bn coronavirus catch-up package.
"
AND
"
The tutoring will be subsidised by 75% and some sessions could cost schools as little as £50 for a block of 15, say the organisers.
"

[netcurtains] 03/11/2020 15:17

Not sure if vaccine will affect WEY price one way or the other but interesting tweet:
I recommend you read it:
re: vaccine:

[netcurtains] 03/11/2020 10:18

"IF" end goal of management is to sell company to large American (or Australian) Education company they obviously will have to keep a lid on the price.

"IF" end goal of management is to keep company British but sell their shares in buoyant market and retire they also will need to keep a lid on the current price.

My view is I originally bought into WEY (years ago) for two reasons:
1. e-learning is the future
2. a buyout by large company once WEY proved their model works.

I would like to see WEY sold for a price of about 60p - £1 a share somewhere down the line. It needs HUGE AMOUNTS OF CAPITAL to build up a LARGE FTSE E-LEARNING business.

[netcurtains] 03/11/2020 07:56

Some key data on remote learning. It might or might not be relevant for WEY


WEY definitely need an App - zillions more people access the internet via an App then a Laptop...
I would like to hear in the up and coming results that WEY are developing (or have developed) an e-learning App.
Top 10 e-learning Apps (WEY need to get into this list):

[highnetworthclub] 02/11/2020 16:38

https://twitter.com/mrmehar86/status/1323193008754479106?s=21

[hamidahamida] 02/11/2020 16:28

All the indicators are pointing towards homeschooling trends are accelerating

[netcurtains] 02/11/2020 16:23

wanttowin: In previous discussions with WEY (investor zoom evening) it was clear that SCHOOL lockdown actually is mixed for WEY. Never good nor bad. The growth, generally speaking, is happening despite SCHOOL lockdown not because of it.
Did others get the same impression from investor evening (zoom meeting)?

This lockdown is different in that schools are remaining open but some pupils are staying off in larger and larger numbers due to covid outbreaks in the teenage years.

Anyway, we will soon find out - Nov 9th...

[wanttowin] 02/11/2020 16:06

Surprised to see it flat today, with this second lockdown announcement...can only be good for WEY

[abergele] 02/11/2020 10:34

Still asking full price on the ,offer,31p, at ii..is that a good sign?

[hamidahamida] 02/11/2020 09:26

Rise in pupils in England being home-schooled due to Covid fears, says Ofsted chiefhttps://www.theguardian.com/education/2020/sep/30/rise-in-home-schooling-is-partly-down-to-misinformation-says-ofsted-chief

[hamidahamida] 02/11/2020 08:54

Trading has continued to be very positive since the publication of the group's interim announcement in May and is in excess of expectations. Group turnover is expected to be in excess of GBP8m for the financial year ending on August 31, 2020, an anticipated growth of in excess of 30% from the previous year.

[hamidahamida] 02/11/2020 08:53

WEY is the only listed company and the market leader in home schooling Growing fast, profitable and generating cash Big re rating coming after the results I see plenty of institutions buying this market leader 150million MCap looking a really possibility Post results 6 month share price Target 100p

[netcurtains] 02/11/2020 07:54

Home School is often a "lockdown" winner, especially if results are due on the 9th and the last trading update we had was the company was doing "better than expected"....
But we will see what we will see.

[boozey] 01/11/2020 00:27

It is on my broker's site - Interactive Investor

[netcurtains] 31/10/2020 16:43

Hi Boozey: Thanks for posting. Where did you get that information from as I could not see 9th November on WEY website.

[boozey] 30/10/2020 18:18

9th November Financial Results:
Forecast Key Dates
Key Date Active Date
Final Results Confirmed 09/11/2020
Annual Report Unconfirmed 11/12/2020
Annual General Meeting Unconfirmed 28/01/2021
Half-Yearly Results Unconfirmed 12/05/2021
Final Results Unconfirmed 09/11/2021

[bigboyblue] 30/10/2020 17:21

Could well be right. I'll be looking at the post year end news. The leoinvestor blog, posted here a couple of weeks ago, will make a pretty good basis by which to judge the news.

[neo2725] 30/10/2020 16:19

I have topped up today in case the results are out Monday, my prediction. Fingered crossed all