Wey Education Share Discussion Threads

[rivaldo] 17/3/2021 16:11

Indeed, it's purely anecdotal as I said, not meant to be anything profound. It could nevertheless perhaps be indicative of a lesser effectiveness of online learning.

Trust me, our daughter's school would be the last place to have cobbled-together solutions :o))

But I agree that WEY and others in the sector should have their own approaches developed over the years for countering such problems.

[cordwainer] 17/3/2021 15:34

.. With respect, there are too many variables to be read into that description of your particular experience and presumptions to make it interesting or relevant here. I agree it's richly valued, but the earnings growth is forecast at around 30% per annum, probably coming from quite sticky recurring revenue at that too. Unlike the hurriedly cobbled together temporary-measure online services I imagine might have been set up for countless schools during the lockdowns, Wey has carefully developed its own schools and services over more than 15 years, including official teacher-training for virtual learning.

[rivaldo] 17/3/2021 12:10

On a purely anecdotal note, now that the kids at my daughter's school are back, they've all been saying (including our daughter) that they've really struggled to retain any of the stuff they had to learn online. This is particularly so re maths, the sciences etc, and it's all having to be re-taught/reworked/practised. And this is at a very good school, with relatively keen children!

Disclosure : been watching here for ages, but looks much too richly valued for me. I can see the potential of course, so may well miss out. I just thought it was interesting that this difficulty in learning online seems to be such a common experience.

[cordwainer] 12/3/2021 15:58

@zulu, another potential suitor could be RM.

[netcurtains] 09/3/2021 10:42

Private home school on Womans Hour on BBC.

Growth in permanent home school (outside of covid).


Bigger than expected.

[zulu_principle] 08/3/2021 11:14

cordwainer - you might be on to something. A snippet from this morning's ADVFN Markets Bulletin:

"On the downside, educational publisher Pearson fell after it maintained its dividend as it delivered lower annual profits offset by a rise in online learning, reflecting school closures during the Covid-19 pandemic, and said it would refocus the business towards a direct-to-consumer model."

Open to lots of interpretations but interesting.

[napoleon 14th] 03/3/2021 23:25

hxxps://www.voxmarkets.co.uk/articles/wey-education-s-interhigh-student-makes-headlines-in-the-us-a286da2

[zulu_principle] 23/2/2021 17:15

No idea I'm afraid - your guess is as good as mine.

There are some large American home education companies who might be looking for more international exposure - especially if they can acquire a company with a good local reputation and a scalable IT infrastructure.

One of WEY's unknowns is how scalable their infrastructure is. I tried to get an answer from one of the shareholder events a year or two back but didn't get very far. Given JD referred to student numbers growing tenfold over the next few years I'm assuming there is plenty of scope for expansion in their platform.

netcurtains - you still dip in now and again and have more detailed knowledge than I do. Any views?

[cordwainer] 23/2/2021 09:17

if so, do you think a buyer could potentially be Pearson ?

[zulu_principle] 17/2/2021 10:19

I don't see what's changed since the last trading update and continue to hold most of my shares. I suspect the long termers who wanted to sell have mostly gone now and we're seeing people who bought in >40p hitting stop-losses.

I trimmed about 30% of my holding when the selling price hit 39-40p as the price fully reflected reasonable short to medium term expectations. I reckon this was the reason for most of the other long term investors selling out as they (quite accurately) saw better opportunities elsewhere and are keeping a watching brief on WEY ready to buy in again on further positive news.

I still see this as a good 2-3 year hold but think we'll be bought out before reaching full potential. As always just my views - DYOR and all that.

[neo2725] 16/2/2021 12:39

I think we have more long term holders selling, they seem to kick in about 34p

[sonie01] 16/2/2021 11:30

Why the drop?

[bigboyblue] 10/2/2021 16:09

Possibly. They've been preparing the way for this for some time (see the rns from 21st Dec 2018). I just wonder whether it may be a bit soon just yet, whilst they are still bedding in new staff who they've been investing in and the post covid situation is still unclear.

[neo2725] 10/2/2021 14:49

My money is on an RNS confirming a maiden divi is on the way. Last RNS said we are now charging VAT, +£6million in the bank over the summer, current sales beyond market expectations so if Wey are not going to be using that £6mill plus the rest for mergers and acquisitions then that moment should go to shareholders in the form of Wey first dividend IMHO

[netcurtains] 10/2/2021 14:27

Is some news update due?

[sonie01] 10/2/2021 14:14

Some movement in the right direction today

[psheeran1] 01/2/2021 11:12

Cheers netc but I’m not in for a quick 15% smash and grab, holding for a turnaround and by that I mean recovery towards 1p over next few months

[netcurtains] 01/2/2021 10:45

Well psheeran1: Your tip did well. Well done!!!!
I'm still not in though.
Good luck.

[psheeran1] 30/1/2021 11:24

Agree with all that netc but recent bridging loan incl from CEO, revenue still decent, 900k payment expected in qtr so im hoping good recovery play from pricing to go bust.

[netcurtains] 30/1/2021 09:22

psheeran1:
MLVN has negative NAV value
WEY has net NAV of about £7m

MLVN has made a loss every year since 2015
WEY has made money this year.

High covid levels in UK, EU border controls etc et
mean even if schools open international students coming to
the UK is more of a pipe dream then a reality.

MLVN was suspended from AIM in September until it could produce
accounts. Got to be quite bad to get suspended from AIM! (LOL).
Looks well dodge - but who knows. After Gamestop anything is
possible - even probable.

[psheeran1] 30/1/2021 08:29

Hi guys interesting comments on Wey re online vs face to face, what’s your views on Malvern as a much less loved stock - has moved to online and seems to be much more in the ‘lockdown loser’ category but with potential to strongly recover as we hopefully slowly change from online to face to face...dyor

[netcurtains] 30/1/2021 08:01

abergele: certainly the stock I pointed out early in the thread has gone up significantly and is also now looking toppy. The whole UK stock market might be in for a correction soon. There is no quick fix to the economy.

[abergele] 29/1/2021 23:20

Nice piece Boadicea,, I tend to agree,
Hello Netcurtains,I have to admit to having sold out, mainly for now,if no signs of a recovery,maybe for good.
Been here a while made wins rather than a loss, but felt it may run back to 30_33p
I'm no deramper, so I maybe proved wrong sooner than later.
Good luck all who are holding.

[boadicea] 20/1/2021 12:19

sonie01 - The market generally began the year in a mood to rotate towards the losers of 2020 that were perceived to have good prospects of recovery. This has had the sort of effect you see here on many of the 2020 winners as netcurtains says. However, many of those hit by the rotation have soon recovered.

There may be some spectacular recoveries but I haven't a clue which ones and I suspect there may equally be some spectular failures so I am generally steering clear and staying with the winners, especially those that have acquired a contractual steady income stream.

I am not sure how far this can be said to apply to WEY. The current environment (apart from vat) is generally friendly but the clientelle could well be fickle. This will depend partly on how WEY perform as well as the macro-environment. Given these factors I have concluded that it deserves a modest space in my portfolio but have top-sliced some profit and will keep under review.

I don't think that on-line education will gain a large position in the market long-term but it is ideal for families experiencing frequent moves - forces, international companies with foreign postings, etc - so that children have a proper continuity of education. Also for families in isolated locations, e.g. Highlands, Western Isles, where there could be a government coordinated support scheme as a cheaper and greener option than some of the current transport arrangements - but I digress.