Wey Education Share Discussion Threads

[cyberbub] 13/9/2017 09:38

I would note also that the chairman effectively quintupled his salary due to the share price rise... smart guy...

[cyberbub] 13/9/2017 09:32

Thanks net curtains. Yes I appreciate that WEY could go substantially higher e.g. £1. I was hoping though to find something like WEY was at 5p so that I might get a 'TWENTY BAGGER' as you put it :-)Maybe I should just bite the bullet... as Buffett said, a share is never too high to buy and never too low to sell...

[netcurtains] 13/9/2017 09:26

I thought I'd paste my last major note from old thread.

Page 50 Evening Standard Friday 8th Sept...

"FIRM TOUTING PUBLIC SCHOOLS TO CHINESE EYES £300 MILLION FLOAT"

BE Education founded by old etonian... He says sales are growing at 70% a year in china due to Britain's reputation in Education....

The company, which has offices in London and across China, helps arrange summer course each year for hundreds of Chinese students at places such as Eton , Harrow and Charterhouse

Note they say "hundreds" - with Weys pricing structure we could eventually be talking a much bigger business than BE Education...

If they are thinking of floating next year for £300 Million what valuation should be placed on WEY Education?

To my mind, provided Octobers results look in line with expectations then why not £ 100 million ??
Surely we would have proven the business model works and thus "ground zero" should be about £100M

[lauders] 13/9/2017 01:32

As mentioned on the old thread I just bought in at 21.29 pence per share inc costs. As a newcomer and being the first to post on this new thread I hope it indicates positive things going forwards (good omen)! I look forward to contributing as best I can and perhaps building-up my holding as the story and company develop. Good luck all!

EDIT: Also thought it would be worth adding some points from the 31st August trading update 9 working days ago -

Trading Results

The results for the year will demonstrate significant growth in turnover and a vastly improved trading result. Pleasingly the significant increase in turnover reported in the Company's interim results continued in the second half. Turnover for the year is expected to have increased to at least GBP2.4 million, an increase of 60% over last year (GBP1.5 million) reflecting continuing growth in the core business and price increases.

The Company expects to report a pre-tax profit for the year (2016: loss GBP795,000) adjusted for equity share payments.

Outlook

The Company enters its new financial year with its various divisions well placed to accelerate growth. The recently completed upgrade of the online learning platform has been designed to allow significant, seamless growth over all business divisions and new, additional products are being introduced.

Unlike many traditional "bricks and mortar" schools, Wey can continue to recruit pupils throughout the academic year without imposing a maximum number so expects pupil numbers and growth to continue through 2017/18.

The recently established B2B division finished this year well and it is expected that this division will grow significantly in the coming year. A number of potential contracts are under negotiation or have been tendered for.

Wey has recently launched Quoralexis (www.quoralexis.com), an online language school specialising in English as a Foreign Language ("EFL"). This will commence business in September and the Company is encouraged by initial reactions to its product offering.

The Company continues to explore overseas markets where it believes that subject to regulatory compliance, very attractive opportunities exist for its British education products.

Further updates regarding the Company's prospects will be given in the Preliminary Announcement of the full year's results to 31 August 2017 which is expected to be released at the end of October 2017 but in summary the Company is planning for further significant growth in the coming financial year.

As stated in the pre close interim trading update issued on 28 February 2017, David Massie, the Chairman of the Company, agreed to have his annual salary of GBP33,000 for the year to 31 August 2017 satisfied by the issue of new ordinary shares in the Company, to be credited as fully paid at 3.88p being 103.5% of the middle market price which prevailed for the 5 days before the proposal by the Company's Remuneration Committee on 17 February 2017. This resulted in a total of 950,514 shares to be issued to Mr Massie with half being issued on 28 February 2017 and the other half are to be issued today.

So some interesting points there. Seems like an "ahead" statement to me. I note that David also takes his salary (very modest compared to some companies) as shares although that could be considered negative too I suppose re: dilution. At present he can't take a high salary I would think although some companies pay their directors much higher salaries and are loss making whereas as WEY are about to make a profit. So overall things looking OK for more progress/newsflow.

[bones] 12/9/2017 23:16

As hinted at before, following some correspondence I have had with WEY and after asking them to help me fill in some information gaps (all non-material easily accessible stuff if you look around WEY on the web or in accounts), I have started a new thread.

GR1982, I hope you do not mind. I think the summary I had done of the investor meeting was fine as far as it went (which you kindly reproduced in your header) but it missed a lot of detail after I showed it to a couple of people at WEY. I think maybe we can all start from a new thread now that WEY has in some ways entered a new phase in its ambitions.

It's up to the users here though! For those interested, the new thread is here:



if you want to start using that one, please feel free. Hopefully the discussions can carry on as pleasantly as they have to date. All feedback appreciated.

[bones] 12/9/2017 22:58

++++++++++++++++++++++++ THREAD CLOSED ++++++++++++++++++++++++

Please use this new thread going forward:




++++++++++++++++++++++++ THREAD CLOSED ++++++++++++++++++++++++

[netcurtains] 12/9/2017 16:31

Hi lauders: I was at the investors evening with "bones" - his posts tend to be a bit like woodcutters (I think he might be good with figures etc). The info "bones" has put on the header of this thread comes via Mr Massie who was quite bullish about the future and its easy to see why.

We're in the closed period now (for reporting) so any news we can gleam is only going to be via hearsay, press reports about the sector, or twitter feeds. Financial info will not be in our hands until end of October (I think)....

[lauders] 12/9/2017 15:53

Joined folk invested here this week. Think that we should do OK if the popularity in online education increases momentum and WEY's new projects gain traction. Prepared to stick the shares in the bottom draw and perhaps build on the position as news comes through. Appreciate woodcutter and netcurtains contributions in particular.

Edit: Buy price = 21.29 pence per share inc costs.

[netcurtains] 12/9/2017 14:39

cyberbub:
a) Its not the price its at, its the price it is RELATIVE to where it might go.
b) The fact that WEY is still up implies that the market think WEY might actually do what we think.
c) Its possble WEY could go to £1 in a year or so.
d) £1 is a FIVE BAGGER
e) 5p to 20p is only a FOUR BAGGER.
f) Thus if you are looking for another WEY how about WEY?

AS everyone knows I'm also in TRIAD (TRD) and FLYBE (FLYB) .... amongst others.
You never know (thinking JPR could also do something but have no shares in it)

Of all the lot, still think WEY is the best by a long way.

[cyberbub] 12/9/2017 08:18

Anyone got any tips for another share like WEY was at 5p? Genuine question, I have some cash looking for a home. Don't worry I will DMOR etc!

[netcurtains] 10/9/2017 16:56

WEYS language school appears to be hitting all the right notes on twitter:

[ny boy] 08/9/2017 18:46

All good, holding long term, looking forward to positive news flow over the autumn

[netcurtains] 08/9/2017 18:27

This could be huge in relation to "WHAT IS WEY's TRUE VALUATION"....

Page 50 Evening Standard Friday 8th Sept...

"FIRM TOUTING PUBLIC SCHOOLS TO CHINESE EYES £300 MILLION FLOAT"

BE Education founded by old etonian... He says sales are growing at 70% a year in china due to Britain's reputation in Education....

The company, which has offices in London and across China, helps arrange summer course each year for hundreds of Chinese students at places such as Eton , Harrow and Charterhouse

Note they say "hundreds" - with Weys pricing structure we could eventually be talking a much bigger business than BE Education...

If they are thinking of floating next year for £300 Million what valuation should be placed on WEY Education?

To my mind, provided Octobers results look in line with expectations then why not £ 100 million ??
Surely we would have proven the business model works and thus "ground zero" should be about £100M

[netcurtains] 07/9/2017 20:10

..Another article in London Evening standard (7th Sept) page: 15:

Title: Tutors are pure gold to London's time stretched middle classes
By susannah butter

@susannahbutter

Basically says same as before (50% of londoners now do a bit of "home school" via tutors) with two differences to yesterdays article:

1) Teachers are now in FAVOUR of tutors (they think its a good idea)
2) The local councils/state schools should think about paying tuition fees for poorer pupils.

There is plenty for WEY to be be getting involved in. Perhaps they should contact Ms Butter as she is a tutor and knows the market well

[netcurtains] 07/9/2017 08:39

Here is the link...



It does show you the potential....

[the patient investor] 05/9/2017 22:53

Blood

Hemoglobin (for the medically and/or biologically inclined

[netcurtains] 05/9/2017 17:06

Hi if you are interested in todays DIRECTORS TALK note that Mr Massie says some quite up beat things..




I think you will like this

[the patient investor] 05/9/2017 16:03

It is a doomed biz model

[netcurtains] 05/9/2017 15:22

Woodcutter: You said "bank of mum and dad"...
I'm not sure I agree. I Think TEENAGERS have a big say in which state school they go to and INEXPENSIVE private schools. It seems to me that ALL THE INTERHIGH adverts revolve around how easy and nice it is for the TEENAGER.. There is little advertising of the benefits to the parent (apart from cost and lack of school run).

[the patient investor] 04/9/2017 23:32

I am leathered by the way

[the patient investor] 04/9/2017 23:32

Merely curious