Wey Education Share Discussion Threads

[bones] 11/7/2018 16:00

I don't know 666james but I say be bold when all else are afraid :)

[666james] 11/7/2018 15:51

is this the bottom ?

[netcurtains] 11/7/2018 15:41

bones - i like your sense of humour.

[bones] 11/7/2018 15:17

I know bottom picking is a bad habit, but I am in for 100k @ 13.7p average! I will trust in David Massie that he is not juggling with some bad karma.

[netcurtains] 11/7/2018 13:50

nice to see watchers! that is a good sign I guess
I am tempted to buy a wad more ...

[qs99] 11/7/2018 13:36

still much jam tomorrow IMO on this, any disappointment on trading could see it lower...DYOR I'm a fan, just a nervous watching fan from sidelines having sold a load previously

[netcurtains] 11/7/2018 13:34

but why? Perhaps the seller is desperate for cash for some other reason?

[barnetpeter] 11/7/2018 13:13

Closer to 10p. Will it stop there though. Aggressive seller dumping at any price

[verisonal] 11/7/2018 12:27

Somebody is selling in round numbered batches of 10-50k, at any price. Problem is they are chasing their tale. The sales mean price drops, so they then sell lower. A vicious circle, and until that stops there's little rush to buy. It will stop, but the sooner the better!

It's all about numbers for September intake, and how much of the cash they've spent (at least for now), and they are probably not in a position to give definitive guidance on how pupil numbers are going yet. I agree with the poster Bones, they should maybe say 'know of no reason etc', but when it was going up fast I don't think they commented, way back when.

[netcurtains] 11/7/2018 11:46

I'm still in. I'm expecting it to be trading in the 40s to 70s range by year end. Assuming (as I have) all is well.
(I do keep in contact with the company and I dont think there is anything wrong ).

[seanworld] 11/7/2018 11:45

Yes bones I have to agree. I have been pondering the decline against the last results.
I could understand a drop high teens but this does now look concerning.

More or less lost have its value since results.

[qs99] 11/7/2018 11:43

wonder if there is more bad news coming with this sort of fall? On watch list...DYOR

[bones] 11/7/2018 11:38

There is an air of capitulation here. Either something seriously awry is going on in the company (and it has leaked) or this is a top buying opportunity!

I wonder if the company should come out with a statement saying they are unaware of any reason for the decline of recent weeks?

[bigboyblue] 10/7/2018 14:17

Agreed. In the absence of anything truly special, like some major news re China, I guess we'll probably have to wait for a positive trading update around the end of August. It's a bit disconcerting to see investments making a loss (in my case it's now 45%) but, unless you need the money right now, nothing has changed. The company is trading at a profit and the medium term outlook is good. We just have to wait.

[netcurtains] 10/7/2018 12:54

the trouble with the internet is that it puts shares into two categories . Ones where the traders ALL are and the rest that wait for them to come back again.

It means those in "wait state" tend to be really good value and those in "active state" go artificially high.

Clearly WEY is in wait state and its value is getting better each day.... Eventually the traders will come back. Just needs to be low enough and have good enough news.

How low is low? How good is good? That is the question.

[netcurtains] 10/7/2018 06:31

cyberbub: Totally agree but there comes a point that investing the money buying shares is perhaps the best investment you can do with some of the money. They can always sell the shares back in a public offering in the 30s or 40s?

It will be interesting to see what does the market thinks the bottom is for these. My guess view is: shares always go lower than you think except when they dont. lol.

[cyberbub] 09/7/2018 23:56

I would think it would be perfectly legal, but investors might expect cash to be used for growing the business not supporting the short-term SP?

[netcurtains] 09/7/2018 19:46

Hi, An early investor like me would have about 300K worth of shares. It does look like one of the early guys is selling out.

Assuming no bad news we now have a company valued at only £18M but with:
a) 4 million in the bank
b) no debts
c) growing either really fast or just fast.
d) In new markets (B2B with state sector schools and the new home school market (under 12s)).

This is all without Chinese stuff....

If share price falls to about 10p or 11p I think WEY should use the £4M to buy back shares that it gave away for 20p --- Think about it, that would equate to a 100% return within 12 months. Sell shares at 20p a pop and buy them back later for 10p.

Why shouldn't wey simply buy back its own shares at half price? What is stopping it?

Cheers net

[verisonal] 09/7/2018 19:19

Sale of 50k on Friday and another today. Could well be the mms are working through a large sell order, would explain recent weakness even on very low volume days. Probably some more to go as every other sell seems to nudge it a tick lower. Cheap but might be worth holding off until these 50k sells stop for a couple of days.

[seanworld] 09/7/2018 18:40

Absolutely 666james.

Not sure how long many of the institutions that took
part will remain long term investors.

It depends on their own timescales and targets.

Personally I believe online education is the future.
and I bought into wey with a long term view.

At the time of the placing in November Wey stated that the monies raised were for the development of the business for the 'medium term at some short term - cost'

After the last results it was always going to be difficult to support a valuation of circa 30m+, but the company reiterated "we remain on track to meet our expectations for adjusted profitability for the year". I can understand why the selling continues but again I do personally believe it is now overdone. Watching carefully.

[666james] 09/7/2018 18:03

1159 I bet the institutions that bought at 22p are not too pleased.

[seanworld] 09/7/2018 17:09

Yes could well do. Fortunately I held off adding more at 19, 18 ...
I will wait. I guarantee that if I managed to add more at 13p it will fall a further 30!

The fall does seem overdone to me now. I am just pleased that the company managed to raise the amount they did at 22p.

[podgyted] 09/7/2018 16:47

Drifting quite badly - in this market it could go below 10p simply on boredom!

[netcurtains] 09/7/2018 13:47

sonie01: Investing is like fishing but without the mug of tea. You have to wait quietly and dream of the big one that will soon be yours. If you were not going to sell this week or this month it doesn't really matter if its 1p or £1,000,000.00 a share - its all the same. the story that you followed to invest here is still the same. Perhaps better if anything - we now have gone after the home school market (under 12s). Perhaps WEY do not want to create a bubble. They are looking for long termers.

[sonie01] 09/7/2018 12:20

What is the management of this company doing? No news, in fact nothing at all, no wonder the share price is falling!!!