Wey Education Share Discussion Threads

[simonong84] 19/9/2017 10:31

Bones, netcurtains, 666james: Thanks for your thoughts, some of which echo my current thinking. Over time, I feel as bones mentions, that there could be areas of overlap but who knows at this early stage!

[666james] 18/9/2017 21:48

simmonong84, LTG has reported today its interims.

The Non Ex Chairman states they are on the lookout for more acquisitions after completing one for NetDimensions.

They sound very bullish and the shares responded with a 4.5% increase.

I have not had time to go thru' the details but they certainly present a good picture.

[netcurtains] 18/9/2017 17:24

Bones + Simonong84: LTG and WEY do overlap to some extent - namely they both offer education services to the GOVERNMENT.... However I think LTG go direct to the relevant DEPARTMENT whereas WEY either go to LOCAL AUTHORITY or INDIVIDUAL SCHOOL.

I doubt that either company will really get into each others arena, but both, at some point, could end up FTSE 250 companies... The UK can definitely support FTSE companies in the Education Industry. Its one of our biggest employers and biggest success stories.

[bones] 18/9/2017 17:07

Simonong84, I believe our regular here, netcurtains, has some views on them, mainly that their rating is high and gives an idea of what WEY could achieve, in share rating terms. However, LTG are aimed at business education and courses mainly, rather than school and adult academic education as end users. I dare say there is scope for overlap as time moves on.

[ny boy] 18/9/2017 16:53

The buying has recommenced, after a few week lull

[simonong84] 18/9/2017 16:37

Curious whether anyone here is also invested in LTG, which appears to be operating in a similar space but with different end clients?

[bones] 18/9/2017 13:38

LOL, no probs!

I see a bit of nibbling at the MM's this morning...

[netcurtains] 18/9/2017 13:32

LOL - sorry bones - I just do a search on WEY and then paste on the thread that comes up first.

My teacher will put on my report: "Must try harder"....

I'll get it right next time.

[bones] 18/9/2017 09:57

Netcurtains, don't you like this thread? :)

[netcurtains] 18/9/2017 07:26

LEARNING TECHNOLOGY GROUP RESULTS
Looks like the industry in general is on the up


Learning Technologies Group PLC Interim Results 2017

18/09/2017 7:01am
UK Regulatory (RNS & others)

RNS Number : 9642Q

Learning Technologies Group plc

(AIM: LTG)

Interim Results 2017

"Successfully delivering on LTG's strategic ambitions"

Learning Technologies Group plc ("LTG" or the "Company"), a market-leader in the fast growing learning technologies sector, is pleased to announce interim results for the six months ended 30 June 2017.

Financial highlights:


-- Revenue increased to GBP21.5 million (H1
2016: GBP12.8 million) - up 68%
-- Organic revenue grew to GBP17.6 million -
up 33%
-- Recurring revenues increased to 37% (H1 2016:
24%) - up 153%
-- Revenues generated outside of the UK increased
to 46% (H1 2016: 32%) - up 140%
-- Adjusted EBIT increased to GBP4.1 million
(H1 2016: GBP2.9 million) - up 41%
-- Adjusted EBIT margin of 19.2% (H1 2017: 23.0%)
- down 380bp due to NetDimensions
-- Adjusted diluted earnings per share of 0.523
pence (H1 2016: 0.597 pence per share) -
down 7% due to NetDimensions
-- Proposed interim dividend of 0.09 pence per
share (H1 2016: 0.07 pence) - up 29%
-- Successful debt refinancing provides LTG
with GBP20 million facility for five years
-- Strong balance sheet with adjusted net debt
of GBP9.8 million - c1.1x Net Debt/LTM EBITDA

Operational highlights:


-- Excellent progress in delivering on LTG's
strategic ambition to build an international
full-service digital learning offering for
corporate and government clients
-- Successful acquisition in March 2017 of NetDimensions
brings to the Group a leading proprietary
Learning Management System and adds the final
key technical capability to LTG's service
offering
-- Integration of NetDimensions completed on
time and to plan in Q2 2017; the majority
of the annualised incremental EBIT benefits
of c$8 million (cGBP6.2 million), as stated
at the time of the acquisition being announced,
have been realised and the remainder will
be realised in Q4 2017
-- Civil Service Learning ('CSL') project being
delivered in line with expectations
-- Strong start to H2 2017 with trading ahead
of management's expectations and order book
significantly ahead of the prior year on
a like for like basis

Commenting, Jonathan Satchell, Chief Executive of LTG, said:

"The skills, motivation and knowledge of our staff are the keys to these exceptional results as they partner our clients to place learning at the heart of their business strategies. We are achieving excellent trading momentum into the second half giving us confidence in the outlook for the rest of the year. Furthermore, the transformation of NetDimensions is well on track and we therefore look forward to achieving our significant growth in 2018 with confidence."

Commenting, Andrew Brode, Chairman of LTG, said:

"The Group has made excellent progress delivering on its strategic ambition of building an international business with annual revenues in excess of GBP50 million and strong operating margins. LTG has demonstrated strong organic revenue growth across all businesses and has continued to expand its client base and international reach whilst at the same time increasing its recurring revenue base.

The acquisition of NetDimensions completes the final key technical capability that will allow the Group to offer its corporate and government clients a truly comprehensive service. The ambitious integration of NetDimensions has been completed on time and the Board is confident that this will result in a strong margin performance in the second half of the year.

The Board continues to look at acquisition opportunities where the Group will be able to leverage its established technical capabilities and working practices in domain specific market sectors, supported by its industry leading employees.

The Board is therefore confident in the Group's prospects and expects to report enhanced progress during the remainder of 2017."

Learning Technologies Group will be hosting a Capital Markets Day on Tuesday 3rd October for investors and analysts. Please email Bertie Berger at Hudson Sandler on [e-mail] for further information.

[ny boy] 17/9/2017 23:48

Well we were sub 5p and now 20p, so doing ok,with lots to look forward too.

[hamidahamida] 17/9/2017 23:19

Well pleased with developments so far

[lauders] 16/9/2017 13:22

Worth adding the odd video as they become available. This is the most recent one I could find:

Wey Education Plc (LON:WEY) Chairman David Massie talks to DirectorsTalk about its latest trading update. David talks us through the highlights, explains the B2B aspect, the launch of Quarolexis, its marketing and how this sits in the company. David also talks about ambitions for the coming year and what investors should be looking out for in terms of newsflow.

[netcurtains] 15/9/2017 06:51

More pressure on the state sector:
From todays Guardian:


“For many pupils and schools, funding will fall in real terms between now and 2020, which comes on top of a £2.7bn cut in real terms since 2015.

“There is no new money for education at all, and this funding for schools is coming from other cuts to education budgets.”


if you want a better education for your children it looks like you will, to some extent, have to fund it yourself .
Enter stage left WEY Education

[bones] 14/9/2017 19:35

Thanks microscope! When I get a moment I will look to add some figures to the header.

[microscope] 14/9/2017 19:29

Thanks for the header Bones, nice summaries. Was just looking for some numbers too though, about 104M shares in issue, which at 20p (any excuse for simple maths! ;) ) would equate to a market cap of about 20.8M.

It just gives people something to number-crunch on when considering profit levels, p/e etc.

I do think with companies at this stage of development p/e is Not particularly significant, things like take up numbers and (as was discussed in the previous thread) 'scaleability' etc are more interesting.

With growth prospects abroad too, there's plenty to keep the pot boiling meantime while the company moves forward.

I still see this as a medium to long term project, perhaps 3-5 years initially to become properly established and growing quickly. the subequent five years, the sky's the limit.

Like what i'm seeing so far.

[bones] 14/9/2017 16:05

duplicate..

[bones] 14/9/2017 15:52

netcurtains, looking at LRN's finances briefly, looks like they turned over nearly $900M. That's pretty big beer to be fair. Need to spend more time to examine their profitability etc.

[scottishfield] 14/9/2017 12:37

Added also.

[netcurtains] 14/9/2017 12:29

bones:
this is LRN on ADVFN

( market cap of $730 million)

[bones] 14/9/2017 10:07

I've bought another 24k (showing up on NEX) at 21.2p. I see someone dumped 30k at 20p so that is balanced out!

[netcurtains] 14/9/2017 08:50

As I mentioned earlier, 50% of London families now use tutors for their children to get better results. There are about 3 million children in London area - so that is 1.5 million kids getting extra tuition. If WEY got the entire lot that would be 1.5 million * 3000 (if Interhigh) or 1.5 million * 6000 (if Infinity).

Now London is just one place in just ONE country. We're talking globally here.
If we just get a small faction of the global market investors in WEY will be millionaires and Mr Massie will be a billionaire.

That is the dream. I for one will wait see how it all plays out.

K12, the American firm (I think ticker LRN) has a market cap of $700 million. Its basically a naff american version of WEY. We can do so much better than that.

[ny boy] 14/9/2017 07:48

Exciting times ahead in this sector, holding for years but be nice to have a boost than autumn, take out the recent highs and set us on the journey.

[666james] 13/9/2017 14:57

Cyberbub I reckon that the chairman will look after shareholders interests...he has very good reason to.