Share Name Share Symbol Market Type Share ISIN Share Description
Wey Education LSE:WEY London Ordinary Share GB00B54NKM12 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 26.50p 22,400 08:00:00
Bid Price Offer Price High Price Low Price Open Price
25.00p 28.00p 26.50p 26.50p 26.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 2.4 0.0 0.0 1,325.0 33.57

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Date Time Title Posts
16/3/201821:45WEY Education - The Future836
19/1/201810:56WEY EDUCATION Interview and Q&A1
18/9/201706:26Wey Education plc (WEY) 898
24/2/201713:51Weymouth for promotion......Come on you terras3
24/2/201713:51Weymouth Thread15

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Wey Education Daily Update: Wey Education is listed in the Support Services sector of the London Stock Exchange with ticker WEY. The last closing price for Wey Education was 26.50p.
Wey Education has a 4 week average price of 22.50p and a 12 week average price of 22.50p.
The 1 year high share price is 44.50p while the 1 year low share price is currently 9.50p.
There are currently 126,695,764 shares in issue and the average daily traded volume is 213,101 shares. The market capitalisation of Wey Education is £33,574,377.46.
microscope: Share price seems to have gone into neutral here. Everyone waiting for the anticipated update i guess to see how they are matching up vis-a-vis the forecasts.
666james: Looking at the chart for Feb 2017 the share price shot up after the statement was issued venturing into new territory. GLA
verulamium: It's hard to condense a vast amount of talk into a few paragraphs. What hadn't sunk home before to me before is that WEY's schools are the only live interactive educational institutions in the UK (they can't officially call themselves a school, as they don't meet the bureaucratic minimum standards - eg they don't have enough toilets! Change to legislation's needed but it'll take years). The "competition" depend on recorded lessons. WEY see the role of AI not as replacing the teacher (at least for a long time), but helping with inductions, learner engagement and support, extension of more able children while the human teacher spends more time with the ones who need it etc. David spoke brilliantly and is every inch an ideal chairman. Jacqui was less good at presenting, but excellent in Q&A and one to one discussion. She's watching the number of hits from the Waterloo ad "as intently as the share price" - and they only need the annual income from 12 new sign-ups to pay for it. Careful monitoring of the results, then possibly other stations (Birmingham?) It was particularly interesting to meet one of their teachers afterwards, who clearly loves the work (and the new platform). If all their teachers are like her then it's the ideal school! All in all, it's a perfect combination of a product that works, that's needed, that can become increasingly profitable and that the directors and staff clearly believe in. I left wishing that I hadn't been prudent and sold half after it doubled, and that I'd kept more heavily invested.
netcurtains: ...after LAST shareholder meeting there was about a weeks gap then share price rose quite sharply. I guess what happened, those there listened to what was said, mulled over it for a few days, then bought the shares and advised others to do likewise. I dont think this will happen again unless there is some update on how the business is doing as the price is already quite high for some more timid investors, and will need news to tempt them to buy further. I know the brokers say (before take-over) that 70p should be a relatively short run target but it needs a news flow to achieve it.
netcurtains: 666james: they definitely do not want to buy the other company if its too expensive. The delay is probably about haggling and details. WEYs share price will go down if the price to buy the new company is deemed too high. Sometimes its best to walk away if the price is not right. We'd have a much bigger marketing budget if we walk away leaving room for TV adverts and a large marketing campaign to grow organically. Anyway, as a shareholder, I'm glad we have the big pile of cash in the bank. Next stop we BUY the new company OR we do a mega marketing campaign!
microscope: Might take a bit longer than you think on profits of 17k :)) IQE (I don't hold) has a market cap of 1.3 billion, made interim profit of 10 million, and is still on AIM..... As you know i'm a big WEY fan, love the niche and think there's a vast exploitable market for WEY, but I think the share price is for now symptomatic of the mini-bubble AIM is experiencing - a lot of goodwill is built into a lot of prices right now. But the trend, as with WEY, is still definitely positive and hopefully the share price has a bit more to come short term. Which is all great. However i hold LTG but not sure how long its market cap in the hundreds of millions can be justified. Ride the wave but be prepared to react quickly (something I didn't do in the last AIM bubble) when the tide turns, as it will as the realities of Brexit loom ever closer. The weak pound is actually underpinning FTSE 100 ironically (though not the 250) and if WEY can get a foothold in Europe in the next 18 months can benefit them eventually too. But for the sort of growth to move to the main market, there will have to be many more placings and acquisitions. Anyway enough of my market ramblings, looking forward with excitement to find out who the 'Target' is.
bones: To be fair to WEY, as David Massie explains, the number of shares in retail hands is tiny with the top five 3%+ shareholders being 82% of the pre-raise shares. The admin and legal costs of conducting an open offer would probably have eaten up the money raised from the small rump of retail.The bigger question is the discount. Again, the only defence I can think of is that the discussions were probably started weeks ago when the share price was in the 20p region and raising price was possibly going to be lower than that. It could be that many of the institutions had already been approached and that getting 22p was a result. Whereas in the last two weeks the price has run away a bit, possibly due to the small float in the market. I can see why it would have difficult to change the price again.That all being said, given that the raise was oversubscribed and scaled back, the company could have had a pop at a higher price. Perhaps they did not want to "gazump" what are hoped to be loyal future shareholders.Overall, given that WEY are small, raising £5m is a big deal indeed so on balance I am happy with the outcome.
microscope: As I have an interest in both, perhaps i can offer some balance. At this stage it's a bit like comparing Tesco to the corner shop, one has a 250 million market cap (ball park, not sure exactly but huge, the other under 20 million) but that is in no way to knock Wey, who have developed a nice business in a niche area and have exciting growth potential both in the UK and beyond. As to whether it would be a target. Yes at some stage, but not yet, would be my take. I was in RWS (same management as LTG) for some years before taking an interest in LTG. So I'd like to think I have some grasp on the sort of acquisitions that management like to make. Andrew Brode lets companies do the donkey work, and build their marketplace and infrastructure, and usually (NetDimensions one obvious exception) they have at the very least 2-3 year record of profit history and growth before he makes his move. So i think this would be a nice bolt-on, but not yet. Brode is in his late 70s now, but Satchell at LTG is something of a chip off the old block, and the two gel together very well. Just my 2p. (Speaking of which, Wey was 3p early this year, so the share price was actually up about 800% on the year at one stage - pullback hardly surprising!
netcurtains: what this share price needs is probably a marketing campaign by WEY post results. ... Give it a bit of a higher profile. They have the money. The problem is , even though its going great, investors do not understand the business model very well as there are ZERO other UK based companies in this sector. Loads of PRIVATE companies but none quoted apart from WEY. Investors need to SEE the ADVERTS and then we'll get noticed more... Its a WIN WIN situation - more investors and more students. The IT systems are now geared for MASSIVE RISES in students. next stage - BIG ADVERTS Ideally REALLY big adverts please!
netcurtains: Woodcutter: You've probably missed off a part of the "word of mouth". Since WEY share price has increased probably hundreds if not thousands of new people have now heard of WEY (investors). In a sense the company has already reached a "tipping point" in the numbers of people in the UK investing community who have heard of it. The next tipping point is for TEENAGERS on WHATSAPP and SNAPCHAT to talk about it. The demand is going to come mainly from TEENAGERS themselves.
Wey Education share price data is direct from the London Stock Exchange
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