Wey Education Share Discussion Threads

[the patient investor] 19/11/2017 07:41

I love e-learning as im in the process of creating video courses online myself, a side hustle projectthat could be a salary-replacing project. Fingers crossed.

Once my videos are ready to buy i can have theoretically millions of buyers at virtually the same cost as if i had only ONE buyer.

Of course WEY biz model is very different and its scaleability has an intrinsic limit given by the number of teachers.

I see the demand for WEY's services (tuition) becoming huge in the future, which is great.

How will they cope with a huge, i mean huge demand? If their brands take off they could easily have 10k or 100k students on their books?

Tx

As posted before the elearning market will be a staggering 325 BILLIONS in 2025!

[netcurtains] 18/11/2017 17:17

I was thinking about "too big a size" again. Suppose InterHigh gets the same size as four normal secondary schools. You could actually go down the "HARRY POTTER" route and introduce "HOUSES" (a house equates to a school).

This will enable some friendly competition (which is good) and keep the numbers more cosy and manageable.

I guess no one would want to be Slytherin but obviously you would not introduce a naughty house (unless the marketing people said "yes" - like nasty girl clothes are popular with teens : ).

[bones] 18/11/2017 12:09

Just looked at balance sheet again and clearly to me there is no debt in there, only amounts classed as liabilities because it is cash received in respect of periods of time beyond the balance sheet date which will be treated as income in the period after 31/8/17. So, for example, someone pays £1000 in August for the autumn term. That money is in the bank but it relates to services to be delivered after the year end so cannot be recognised as income in the year to Aug17. It is treated as an amount technically repayable to the customer until such time as the services are delivered.So in summary these are not debts, just an accounting delay in recognising the cash as income. In the meantime the cash sits in WEY's bank as cash but offset in the balance sheet by the deemed amount repayable.

[superadams] 18/11/2017 10:09

Also, fees are paid in advance before teacher salaries fall due.

[soundsplausible] 18/11/2017 09:06

Bones, Thanks for the information. I did read the annual report and although it did mention it had cash in the bank this does not necessarily mean it has no debt. Normally I see companies shouting about "they have no debt" to highlight they are well run company and a cash positive business model. This I could not see hence my question about the debt.
(to me) The number of pupils would be a good measure of growth. I can easily see the cost of their classes but it would be a good re-enforcement of how the expansion is going, as lets face it is all about bums on seats. Also the average spend per pupil would be good as well.
What is getting me just now is the ridiculously high pe. Is this just because they have just started trading, the previous years being that there was little trade done as it set up the various facets of the company?

[bones] 17/11/2017 23:39

By the way, the y/e 31/8/17 published accounts are available now which should give plenty of detail.https://www.weyeducation.com/wp-content/uploads/2017/11/Wey-Education-Annual-Report-2017_PRINT_PROOF.pdfI haven't read them myself yet as they've just been published this week!

[bones] 17/11/2017 23:35

Soundsplausible, I believe it has no debt and I'm sure at the investors evening in July we were told that Interhigh had 900 or so pupils and growing.The key to WEY is not just the school but it's newer areas of B2B (WeyEcademy) (serving local authorities, etc), exclusive education (Infinity) and foreign language teaching. The world is their market in the latter brands, not specifically UK.On top of that, having the clout to buy out competitors will assist in a fast growing strategy by organic and acquisitive means.That is where I see investor interest growing now.

[soundsplausible] 17/11/2017 23:27

I have just come across this share and I struggling on a couple of issues....Am I right in thinking that the company has no debt, and does not detail the number of pupils it has year on year?

[superadams] 17/11/2017 21:02

Well worth searching YouTube for InterHigh - several excellent posts from students. Clearly a lot of groundwork been done over the last 10 years.

[666james] 17/11/2017 19:58

It all sounds good to me net

[netcurtains] 17/11/2017 18:36

What we have coming soon.
1. Target company news.
2. Marketing campaign(s).

[ny boy] 17/11/2017 17:19

Encouraging price action, tried to get some on the pull back but left an order in too low to be taken out. Still core holding to ride it out.

Onwards towards 50p perhaps by year end.

[superadams] 17/11/2017 17:10

Closed at all time high !!

[superadams] 17/11/2017 15:33

Of course, the new insties who were scaled back in the placing can afford to top up at 37p and still have an average purchase price much lower than us mere mortals.

[bones] 17/11/2017 11:33

Net, I think there must be, like pupils, many, many teachers desperate for a pleasant, alternative way of pursuing their careers. Think of the prospect of being away from the restrictive slog of teaching classes where disruption is common, commuting is a drag and an endless list of "do's and don't's" that have to be observed in the physical presence of young people.I do not see there being a shortage of teachers once it becomes accepted that online education is for real. Combine that with the human need for flexible working and controlling school runs and all of its causes of pollution in a school area and congestion in the morning rush hour.It all seems inevitable in our ever more connected world.

[netcurtains] 16/11/2017 18:50

Its worth looking at how they were doing without any new marketing money. From their results:

Within the schools, recruitment of pupils continues for the new academic year. Overall pupil recruitment is on track with management expectations. Pupils already enrolled to study at InterHigh (www.interhigh.co.uk) are ahead of last year.


With the new money for marketing one would assume numbers will potentially dramatically rise. before this placing they were thinking about running a TV campaign. If they do, that could potentially be a game changer - eg a large percentage of the UK (10%+) might get to know of the existence of InterHigh.

50% of London pupils already have some form of extra tuition. So if LONDON gets to hear of InterHigh we could potentially be talking hundreds of thousands of potential pupils looking for help with exams or a new school.

I guess my worry would be could InterHigh recruit teachers fast enough to keep up with demand generated by marketing. I know they say there is no shortage of teachers (they can go world wide to recruit) but this might put that theory to the test.

[netcurtains] 16/11/2017 12:25

the next company we take over will probably be exponentially bigger than this one.

With all that MARKETING MONEY I would expect pupil numbers to go ballistic (as they are already ahead of last year (from results)).

[the patient investor] 16/11/2017 11:01

lol, thanks, I hope will see oceans of blue dipinto di blue, volaaareeee (the price should)

[bones] 16/11/2017 10:49

BLOOD !

Welcome on board TPI.

[the patient investor] 16/11/2017 09:52

When you realise we are part of a 325 BILLION $ market you can just sit back and relax

Global E-Learning Market to Reach $325 billion by 2025 - Rapid Growth in Online Content & Digitization / Innovations in Wearable Technologies are Flourishing the E-learning Industry


hxxps://globenewswire.com/news-release/2017/02/06/914187/0/en/Global-E-Learning-Market-to-Reach-325-billion-by-2025-Rapid-Growth-in-Online-Content-Digitization-Innovations-in-Wearable-Technologies-are-Flourishing-the-E-learning-Industry.html


the full report is sold at 3300£ !