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% 12.70p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
12.00p 13.40p 12.70p 12.70p 12.70p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 4.19 -0.23 -0.16 16.6

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Date Time Title Posts
08/11/201810:55WEY Education - The Future1,611
09/5/201811:28Interview WEY EDUCATION1
11/4/201814:35Interview with Wey Education-
19/1/201810:56WEY EDUCATION Interview and Q&A1
18/9/201706:26Wey Education plc (WEY) 898

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DateSubject
12/11/2018
08:20
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 12.70p.
Wey Education has a 4 week average price of 11p and a 12 week average price of 11p.
The 1 year high share price is 44.50p while the 1 year low share price is currently 11p.
There are currently 130,707,120 shares in issue and the average daily traded volume is 85,450 shares. The market capitalisation of Wey Education is £16,599,804.24.
23/8/2018
16:18
seanworld: Post from G.Neary from Stockopedia. He's not buying as yet but now watching. Must be a good sign! With some good wishes for the company thrown in! Share price: 15.75p (+12%) No. of shares: 130 million Market cap: £20.5 million Trading Update Wey Education plc (AIM: WEY), the educational services group provides this trading update for its year ending 31 August 2018 and announces certain other matters. I looked at this company when it released interim results in May, on a day when the share price crashed by over 30%. The shares have continued to drift lower since then. Thankfully, today's update is a lot more positive. Sales will exceed expectations, while underlying P&L will be in line with expectations. Sales in its online high school business, Interhigh, improved by 20%. Its Chinese JV is about to start making sales, and the Nigerian subsidiary should begin operating some time in the Autumn. Adjusted PBT is set to come in at £400k - £500k, but that's only after very heavily adjusting it. It's still at a very early stage in its plans, so it's not making any real profits. There are no "current intentions" to issue shares, but the Board is seeking the authority to issue up to 40 million new shares, so we can't rule out the possibility that they will. Paul was caught out when the company did a placing at a 33% discount to the prevailing share price last November. My view Online education is a growing sector all around the world, and I wish the company well in its new activities in China and Nigeria. For the same reasons as I mentioned last time, it's not something I would personally invest in yet. But I will keep an eye on it for signs that it is succeeding
05/8/2018
19:22
seanworld: The last post I could find from P.Scott regarding Wey (below) was on the 9th May. He seems to have gone quiet on several investments at present. I am sticking with D.Massie and the team to deliver here and hopeful the recent pressure on the price is just a seller(n all done selling!!) nothing more. Re Wey Education (LON:WEY) - I don't think the numbers were any different to what was expected. However, I think the figures very much reinforced to me that the share price had got ahead of itself last autumn, in the heat of a bull market. It's still a tiny company, not really making any money. However, it's not losing money either, so the cash raised recently should be put to good use, hopefully. Therefore, with hindsight, it was a mistake on my part to over-pay for this share last autumn. However, I remain of the view that online is definitely the future for education. Putting a lot of bored kids in a classroom, who play up & the teacher struggles to control them, is such an outdated model, ripe for complete reform. So I think WEY is in the right space, had valuable experience & track record (its InterHigh school has been going for quite a few years now, and has good reviews mostly online). I'm not minded to buy any more, but plan on keeping what I've got for the time being. But that depends if any better investing ideas come along. It's easy to get carried away with the future potential for small companies, whilst losing touch with reality, in terms of valuation! Regards, Paul.
03/8/2018
15:26
seanworld: Yes surprised to hear (if he has) P.Scott has sold out completely. He was one of the few who remained positive even on last results. There has been a seller over the last 3-4 weeks, so hopefully if indeed it was Paul then he is all done. I recently had some communication with D.Massie and I've just re-read his replies. For anyone holders who missed it just a gentle reminder Thank you for your email which has been passed to me. Before turning to the issue of the share price, let me deal with another point in your email regarding results because there appears to be a common misconception about the interim results. The company did not “miss” a target. If the wording of the Interim Announcement is examined, what it actually said was that “we remain on track to meet our expectations for adjusted profitability for the year although this is likely to be achieved on lower than previously planned revenues”. What we were therefore saying was that we could make the same level of income but on reduced turnover, by concentrating on better margin business and cost control. Perhaps we could have worded it better but this was supposed to be positive news, rather than negative. In fact, the first section of the announcement under “Outlook”; said “the Company is pleased with progress in the first half”. In that announcement, not only did we give an update on the progress we made with the Academy 21 acquisition, but we also announced exciting new ventures in both China and Nigeria. I have read some of the social media comment and some shareholders are unrealistic in the time frame that they expect for things to happen. Negotiating international deals is not like popping down to Tesco’s for a pint of milk. They take time and also care to ensure that the company is protected and that the business ventures are long term and sustainable. It is but two months since we made the Interim Announcement and the directors continue to work towards the aims set out in the interim statement. The aim rules which govern companies like Wey include a provision that if anything changes materially, the company must make an announcement and so if anything had gone wrong, we would be under an obligation to make an announcement. As you note, we have made no announcement. The type of announcement you mention “no reason for”, normally applies when there is a sudden movement in share prices up or down. The decline we have seen in the Wey share price, which is hurtful to all the board of directors who are either shareholders or hold options, has not been one characterised by big moves. Instead, there has been consistent small selling of parcels of shares. None of these has been particularly large but as we all know, it only takes more sellers than buyers to drive a price down. I get the registrars reports regularly and the market makers are not sitting on large numbers of shares and so other shareholders are taking the opportunity to buy shares from those who lack patience at these attractive prices because the number of shares sold has to equal the number of shares bought. It is unclear why shareholders are not showing more patience. If you compare Wey with standard AIM company, then we have done more to communicate with our private investors than most and our announcements are more detailed than most. Wey has never been about something overnight, but about building a sustainable and profitable business by disrupting the existing education sector. I am hopeful that when we come to publish the results to the year to August, many of those who have sold their shares in recent weeks will come to see their actions as foolhardy and regret their decision. All I can say in the meanwhile is “keep the faith” and note that I have not sold any shares, but actually added to my holding this year. With the benefit of hindsight, the wording of the announcement could have been better phrased. No excuses, but sometimes too many cooks get involved and something is lost. The board meeting to approve the results thought that they and the announcements would be well received – how wrong we were. Incidentally all our institutional investors were chilled and could not see what the fuss was about. Despite the sales downgrade the pace of expansion in our sales can only be dreamed of at most companies. In 2015 this business was doing £1 million a year. WHI are forecasting sales of £4.1 million for the year to 31/8/18 and that to more than double next year. How many small AiM companies are majority owned by institutions, are in our comfortable cash position and can boast of that sort of growth? In a (small) growing company (this is my third over thirty years where I have been chairman), there are bound to be peaks and troughs because of the nature of the beast and that small events have a disproportionate effect on small companies. However, that is part of the excitement and what makes them so interesting. No one really seems to have noticed that so excited by Wey am I, that I have given up career where I ran my own successful corporate finance business to concentrate on Wey 100%. But I am loving it. Not only are we going to change the way in which education is delivered worldwide but we are going to make a difference to children’s lives around the world. But this is a multiyear operation. Thank you for your repeated support as a shareholder and the whole executive team is committed to not letting you down. We share a common vision. Indeed, the new HR director took a huge pay cut to join us because he is so excited about what we do and wanted the equity play that comes with his option package. As they say the best is yet to come. Kind regards David L Massie
28/7/2018
06:53
netcurtains: rampmeister: I'm going to assume we will get some good news soon....but will also assume that this news rise still will not get us over the 22p hump because some investors bought in at that amount and it will only take one or two of them to get cold feet to make the price stick at that range for a while. What we really need is good news and a promise of a further deal in the near future (like buying another B2B company or something else - perhaps a deal in the USA - "posh" English accent). We need something to carry the share price beyond August. What I dont want to see happen is a rapid trader driven rise in August then see everyone hit the sell button together. We want many to wait longer term for the next deal and the next. I dont mind the share price falling back (its a good thing generally) but only with the expectation that it will rise again stronger than before. So we really want good news in August and a promise of even better news in a few months (say November) and then more news after that. A bull run of news . of course all this waffle will be blown out of the water if the news is really really good, OR there is no news at all. At present all we can do is wildly guess.
26/7/2018
16:17
seanworld: 666James The following is only my opinion on the current stage I feel the company is in. By the 11th July I was extremely concerned by the continued fall in the price. From experience of investing for over 20 years the market generally knows and there is usually a reason for a share price falling. I asked myself at that point was there a justifiable reason for the drop? lack of earnings visibility, deteriorating balance sheet, institution selling out? By the afternoon I decided to send the company an email. I was initially surprised to see a response from D.Massie. I would say the email I sent was harsh but I was still disappointed by the way the results were set out so I thought I'd send an email over how I felt and gave my opinion. Davids reply to me was such that I felt he had some displeasure in what I had sent. So much so it lead to a lengthy exchange which in the end I took all as positives. I feel the following paragraph in the results “we remain on track to meet our expectations for adjusted profitability for the year although this is likely to be achieved on lower than previously planned revenues” contributed towards the fall. If it has been written say The company has now been able to improve margins & dramatically reduce costs so we will meet our expectations for adjusted profitability for the year" then I believe the price may have settled low 20's. This was positive news. The market imo took it as negative news. Several shareholders flagged this part of the results and I know of 1 large shareholder who sold out completely the same morning. AIM rules which govern companies like Wey include a provision that if anything changes materially, the company must make an announcement and so if anything had gone wrong, WEY would be under an obligation to make an announcement. There has been no announcement. D.Massie ( I posted at the time) also confirmed there was no Insti selling out. He stated he receives registrars reports regularly and the market makers are not sitting on large numbers of shares. WHI are forecasting sales of £4.1 million for the year to 31/8/18 and that to more than double next year. How many small AIM companies are majority owned by institutions, are in our comfortable cash position and can boast of that sort of growth? Wey has never been about something overnight, but about building a sustainable and profitable business by disrupting the existing education sector. The drought in updates hurts short term but I am in a position were I can sit tight and be patient. I am keeping the faith and I am confident in the team to eventually deliver. This will inevitably reverse the trend we are in. GL with whatever you decide to do.
12/7/2018
13:14
seanworld: Well done QS99 and bones. (excellent average) & barnetpeter. I do remember you calling 13p around the time of results. Nice to see some positivity. I will also add that David included the following yesterday (lengthy exchange) with regards to 'the seller' The decline we have seen in the Wey share price, which is hurtful to all the board of directors who are either shareholders or hold options, has not been one characterised by big moves. Instead, there has been consistent small selling of parcels of shares. None of these has been particularly large but as we all know, it only takes more sellers than buyers to drive a price down. I get the registrars reports regularly and the market makers are not sitting on large numbers of shares and so other shareholders are taking the opportunity to buy shares from those who lack patience at these attractive prices because the number of shares sold has to equal the number of shares bought
09/7/2018
18:46
netcurtains: 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
16/5/2018
11:42
mcfly79: I’m grateful for the opportunity to have built a position at these prices since the results announcement, including some more today to take me to just shy of 500k shares. Tempted to add even more but will wait for now. I like the long term prospects for the sector and see WEY as establishing itself as the dominant UK player. I appreciate people are unhappy with the turnover growth of Interhigh being lower than previously forecast and the reporting of marketing costs as exceptional. The company raised funds to invest in building the business and will continue to do so. This will result in setup and marketing costs in the short term. The company has chosen to strip those costs out in reporting adjusted earnings. Clearly there will be a degree of subjectivity around to what extent these costs are exceptional. There’s clearly a feeling by investors that Interhigh revenue may not climb as quickly as previously forecast. Only time will time. Next year (2018/19) the growth is mostly about the B2B business (both in the UK and abroad). WHIreland are forecasting Wey ecademy sales (including A21) to climb from £1.3m this year to £3.5m next year and the first Chinese revenue will start next year. Revised WHIreland forecast for next year are for revenue of £9.6m and adjusted profit of £2.5m. Perhaps more importantly they are forecasting a £2.2m increase in net cash (from £3.5m to £5.7m). Cash figure are obviously after all costs (exceptional or otherwise). Clearly if they achieve this the current share price will look far too low. As I type the enterprise value of WEY is c.£16m so that would be a cash flow multiple of 7-8. There is a lot to achieve to get to those figures for next year but what I’m really invested for are the medium term international opportunities, especially China. China’s online education market is growing rapidly. From 156bn Yuan (£18bn) in 2016 to a forecast 543bn Yuan (£63bn) in 2022. hxxp://www.iresearchchina.com/content/details7_40642.html The success of VIPKID shows the huge market in China for online lessons with native English speakers. After just 4 years from incorporation they were forecasting $750m in sales for 2017. The majority of VIPKID’s sales is from one to one private lessons for young children in China (age 4-12) with ‘teachers̵7; in North America. You don’t need to be a qualified teacher to work for VIPKID (you just need some experience in teaching, mentoring, tutoring etc). WEY are looking to tap into the same demand for native English teaching. What WEY can offer is a UK based qualified teacher, very attractive to the Chinese audience. In contrast to VIPKID, WEY are initially targeting the state sector (with follow up private referrals). As I understand it, English is generally part of the school curriculum in China but with a focus on reading and writing. It’s recognised that speaking is a weak point for students and hence the demand for lessons with native English speakers. The establishment of the JV will be a huge step. WEY will be partnered with a listed Chinese company who already sell their products into schools across China and have a good knowledge of the market the JV is looking to target. I’ve worked a little bit with Chinese companies and I know that some investors have reservations. Why it works so well for VIPKID, and will work for WEY, is that the English speaking teachers are the key commodity in the arrangement. The Chinese company needs WEY’s teachers and expertise as much as WEY needs the Chinese company. If anyone knows of any other company that is better placed than WEY to tap into the Chinese demand for native English speakers (and replicate some of the success of VIPKID) please let me know. Certainly there are bigger providers of online educational services and certainly there are bigger bricks and mortar education providers in the UK but WEY is the largest online school in the UK with experience of offering formal teaching online. VIPKID has sold itself as offering a US elementary school education experience to the Chinese and I think WEY is best placed to do the same thing with UK teachers. WEY is also 2 years down the line in progressing a Chinese deal to get it to this stage. Any comments, positive or negative most welcome.
05/4/2018
18:16
mcfly79: A21 offer both GCSE and iGCSE. Worth noting that although the 2018 profit forecast is lower than the previous forecast (due to marketing costs), 2019 and 2020 are both higher. The 2020 forecast for pre-tax profit is now £5.4m vs 4.0m previously. If the company can convince the market that the forecasts are realistic then I think the share price will respond according. 3.63p eps for 2020 on the back of 3 years of spectacular eps growth should mean a share price of over 100p. The first step in convincing the marker is to meet the 2018 forecast. Revenue for 2018 is forecast at £4.84m vs £2.43m for 2017. The £4.84m is made up as follows: *InterHigh: £3.19m (2017: £2.28m) – a 40% increase *B2B: £1.3m: (2017: £0.15m) *Quoralexis: £0.25 (2017: nil) *Infinity International: £0.1m £2017: nil) Looking at InterHigh the results announcement released at the end of October contained this sentence in the outlook: ‘InterHigh and the Wey ecademy recruit pupils throughout the year. Pupil numbers on the roll are ahead of 2016/17 and currently growing steadily towards our target for the year.’ And the announcement on 22 January contained this sentence: ‘The Company is pleased to note separately that registrations to Interhigh for the first two weeks of January were 40% higher than those for the corresponding period in 2017.’ It looks like the 40% revenue increase in the forecast for InterHigh is on target. The company also now has the increased marketing budget. Looking at the B2B offering the £1.3m forecast is made up of £0.8m from Wey’s existing ecademy and a £0.5m contribution from A21. For Wey’s existing ecademy, the results at the end of October contained this sentence in the outlook (which was before the A21 acquisition). This suggests strong growth: ‘The B2B division, from a modest base is expanding rapidly and as at today’s date it has already exceeded the target for pupil numbers planned for it to have on the student roll at the end of the Autumn term.’ A21 had turnover of £1,030k for the year ended 31 Aug 2017 and today’s announcement stated that the current turnover is running ahead of last year. The acquisition completed at the end of December and therefore 8 months of A21’s turnover will be included in the 2018 figures. This suggests a £0.5m contribution should be easily achievable. We can’t tell how Quoralexis and Infinity International are doing but the figures are small. I liked the comment in today’s announcement that encouraging progress is being made on the various initiatives previously announced including international expansion. I’m hoping that this means that Quoralexis is developing. David Massie was very optimistic on the long term prospects for Quoralexis. It's a huge market if Wey can get it right. Overall all signs are that Wey are on to meet 2018 forecasts.
04/9/2017
11:21
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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