Wey Education Share Price (WEY)

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Share Name Share Symbol Market Type Share ISIN Share Description
Wey Education Plc LSE:WEY London Ordinary Share GB00B54NKM12 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  2.70 13.17% 23.20 581,918 16:25:10
Bid Price Offer Price High Price Low Price Open Price
22.40 24.00 23.80 20.50 20.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 6.05 -0.38 -0.52 32
Last Trade Time Trade Type Trade Size Trade Price Currency
16:25:05 O 10,000 23.03 GBX
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Wey Education (WEY) Latest News

Wey Education News

Date Time Source Headline
30/6/202015:26ALNCFAlliance News Flash Headline
30/6/202015:25UKREGWey Education PLC Directorate Change
25/6/202009:59UKREGWey Education PLC Director/PDMR Shareholding
24/6/202016:40UKREGWey Education PLC Second Price Monitoring Extn
24/6/202016:36UKREGWey Education PLC Price Monitoring Extension
24/6/202015:31UKREGWey Education PLC Director/PDMR Shareholding
17/6/202008:52UKREGWey Education PLC Exercise of Options
15/6/202014:05UKREGWey Education PLC Second Price Monitoring Extn
15/6/202014:00UKREGWey Education PLC Price Monitoring Extension
01/6/202016:24UKREGWey Education PLC Exercise of Share Options
More Wey Education News
Wey Education Takeover Rumours

Wey Education (WEY) Discussions and Chat

Wey Education Forums and Chat

Date Time Title Posts
12/7/202019:29WEY Education 2.0 (Remote Learning)243
19/5/202008:07WEY Education - The Future2,699
09/5/201812:28Interview WEY EDUCATION1
11/4/201815:35Interview with Wey Education-
19/1/201810:56WEY EDUCATION Interview and Q&A1

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Wey Education (WEY) Top Chat Posts

DateSubject
12/7/2020
09:20		Wey Education Daily Update: Wey Education Plc is listed in the Support Services sector of the London Stock Exchange with ticker WEY. The last closing price for Wey Education was 20.50p.
Wey Education Plc has a 4 week average price of 20.50p and a 12 week average price of 20.50p.
The 1 year high share price is 31.50p while the 1 year low share price is currently 8.75p.
There are currently 138,478,613 shares in issue and the average daily traded volume is 572,074 shares. The market capitalisation of Wey Education Plc is £32,127,038.22.
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26/6/2020
07:56		netcurtains: 74tom: That is why I kept half. Its as if there will be some sort of corporate action later (agreement, joint venture, takeover or merger) that involves WEY having a current price below 30p. Hence no positive RNS news at all only negative. There are employees (senior teachers) etc who have not sold any and of course the CEO has not sold any (or her husband) or Sara de Freitas. It might be against the rules to BUY shares if goodish news known down the line but you probably can get away with selling (if news goodish). Say an offer came in for 30p and share price was 15p then there would be no difficulty getting shareholders to agree. But if share price was 35p obviously its a non-runner. We know Mr Massie's heirs have huge percentage of the company and other people millions of shares (eg the big investors who came in at 22p to invest £6m - eg gave WEY the cash pile for shares at 22p). One suspects they might be happy to get out at 30p (if not committed to home school as a way of life)....
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25/6/2020
13:02		zulu_principle: Just bought back the shares I sold from my old trading account last week and pocketed a small gain. Good to have my WEY holding all in one place now. Given nothing has really changed to their future prospects I'm happy to stick to the plan and hold for the medium to long term. The share price got ahead of itself last week (pity I didn't sell some more when it hit 29-30p)and hopefully will settle back into it's old pattern of gradual growth based on positive news flow.
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25/6/2020
12:41		longshanks: I have seen directors buy and the share price drop, and seen directors sell and the share price rise.Ultimately, the directors here have limited windows in which to trade and have taken advantage of the recent strength to sell. Fair play to them: that is what the stock market is there for.Given I view the market as an overreaction, I have bought some more.
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22/5/2020
16:05		longshanks: Not sure you can compare on a like for like basis. LTG has got where it has got to by patiently integrating complimentary businesses into the group structure and gaining scale. That has taken some time. Its share price is supported by justifiable expectations that the company will meet its 5 year earnings growth targets as they have managed to meet or beat all expectations to date. WEY is still in the starting blocks of such a process and whilst it has some potential, it is still quite fledgling in terms of scale. I have listened to some of Wendy's podcasts and I like the growth ambitions and believe them achievable but I think we are still some years away from having the levels of free cash flow enjoyed by LTG. I don't think the current share price is cheap, but it isn't too expensive either. I have a rough target in my head of 50-60p as a short term play, but am actually more interested in the 5-10 year time frame as a LTBH by which time the shares could well be around the 200p mark.
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07/3/2020
09:11		netcurtains: I think its possible that WEY should actually give investors some advice (news) as to IF and HOW the Coronavirus is affecting WEYs business. Clearly WEY does not want the share price to run away but also it does not want investors to lose heart in a market that is turning into a recession. I think we might need more information next week or week after. From Guardian: The Italian Government is evaluating the possibility of prolonging the closure of schools until 3 April (they are already closed for first 2 weeks of March).
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04/3/2020
22:29		74tom: It’s really quite intriguing to compare the current position of WEY with that of LTG when it listed back in 2013. LTG joined AIM in October 2013 at 9p per share with 275m shares in issue. Income for the year ended 2013 was £7.55m and the share price had grown to 20p when the finals were released in April 2014 (market cap of £55m). Similarly to WEY they had a solid cash balance, no debt, and the shareholder register was tightly held by management & II’s. Their revenue grew as follows; 2010: £5.1m 2011: £5.0m 2012: £6.9m 2013: £7.6m 2014: £14.9m 2015: £19.9m 2016: £28.2m 2017: £51.3m 2018: £93.8m The share price grew in a similar fashion, hitting £1.60 or so in the last couple of years, a 1700% increase for those who held from IPO. Latter years were heavily influenced by acquisitions, but it shows what can be achieved in this sector when cash generated by revenue growth is reinvested into the business, driving a virtuous cycle of growth. It’s worth nothing that the whole time they kept profit before tax around breakeven, and thereby focused almost entirely on growth, whilst gradually introducing a dividend. With WEY currently on course for > £7.5m revenue for 2020, and the current climate very much accelerating the trend towards online education, it’s certainly feasible that 2021 revenues could significantly exceed the currently forecast £9m, especially if they invest more of their significant cash reserves in teaching resources, technology & marketing. With a current market cap of just £25m vs £963m for LTG, the room for growth is huge, and a Stockrank of 77 + high flyer status on Stockopedia won’t do any harm at all. Hope that this is useful/interesting for current & prospective investors - I see this as an investment with a 3-5 year timeframe, which has been reinforced when researching the growth of LTG!
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01/9/2019
23:01		bones: Smithie6, I don’t follow that. Miton (two different funds in the Miton group) opened up on flotation with 20% of WEY acquired at the float price of, I think, 3.5p. They got slightly diluted with the 2017 placing and the shares issued to Mr Massie in lieu of salary but they only started selling down in 2018 and still hold 14.3M shares today compared to the 18.8M they got on flotation in 2015. Miton were never as low as 7.6% in WEY. Given their cost base of 3.5p, selling is easy now for them especially as they have a redemption problem (a bit like Woodford on a smaller scale). Miton are selling down a lot of their illiquid stocks through necessity right now and it is a pain in the rear for all of us holding their stocks. If Miton still have 14M+ to sell, there will be headwinds in the WEY share price but the potential upside is winning the argument right now!
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03/8/2018
16:26		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
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12/7/2018
14:14		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
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04/9/2017
12:21		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.
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