WEY.L Share Chat (WEY)

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Nope it's a done deal !!

Bought my first batch in Feb '18 at 28.8p & then some more when they dwindled to 14.8p in Feb '20. Unfortunately sold some on the way back up, but am still a happy man. Does anyone see any real possibility of a rival offer being made, or is it pretty sewn up?

What many people might forget is that WEY are currently teaching teachers how to teach on-line. The demand must be absolutely massive at present. From their website: The full cost of the course is £695 for individual enrolments. For corporate or group enrolments, please contact paul.daniell@wedu.co.uk with details about your booking.

What is the course?
The ATHE Level 4 Award in Teaching Online is a new qualification accredited by the Awards for Training and Higher Education (ATHE) awarding body. The course has been approved nationally by OFQUAL and is available on the OFQUAL register.

Why has it been developed?
The aim of this new qualification is to support staff in the education and training sector to develop the knowledge, understanding and skills to teach or train in fully online distance learning provision. The qualification will also be useful for those who teach in settings where there is a combination of online and face-to-face delivery known as “blended learning”.

Who is it for?
The course is for any teacher or trainer undertaking a fully online or blended learning course. It is designed for flexible use in different sectors, including schools, further education and training, and higher education. The course is available to any educator with a Level 3 or higher qualification in teaching or equivalent professional experience, typically at least three years’ full-time equivalent teaching in a secondary or post-secondary institution.

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Continuing from previous post: All of the above brands will be served by Wey Education’s new Online Platform. This was developed to be SCALABLE and RESILIENT. It will be able to serve all user groups (students/teachers/parents/administrators, etc) via secure logins relevant to each type. I am not an IT expert at all so the next bit is formed of basic scraps I picked up. Perhaps others can enlarge on what they understood. It appears that the IT infrastructure is based around world-leading software structures acting in unison with each other. The following names were highlighted: Microsoft, Canvas LMS, iSams, Adobe Connect. These are already in use by universities so are fully proven platforms to “Enable Education in the Cloud”. The schools will offer personalised learning, augmentative learning and flexible learning. Physical schools today are regularly over-budget and there are crises everywhere with even talk of some authorities having to consider 4 day weeks on grounds of cost. Reasons why Wey Education’s online learning services are attractive: Sports playing children, for example training away in other countries (eg tennis players), can continue to receive a full education around their sport commitments. Executives who travel and move around can ensure their children do not lose continuity in education and their friends. Mums.Net, a leading portal for busy mothers is a known supporter of InterHigh. Flexibility of products means that physical schools can still buy blocks of online education or specific subjects (eg, Further Mathematics) where the school has no access to the right qualified teacher on site. Finally, on international expansion, Wey Education sees huge markets opening up in China and Africa where there is a strong appetite for internet learning due to a lack of physical infrastructure at home as well as the substantial kudos and privileges that can be attained via an English educational qualification. That sums up my notes of what was said. The talk was far more detailed with videos and slides but I hope this gives a flavour of what we were shown. The Chairman, Mr Massie, was in a bullish mood about how big Wey Education and the industry of online schools and learning can and will become. Crucially, this is NOT distance learning. This is live interaction and a real school experience for children and parents alike. It is new and in its infancy and, as investors, we believe it will grow furiously in time.

At the Investor Evening on 19th July (which coincidentally marked the beginning of the latest up wave in the share price), information about the company's business philosophies and plans were presented. I will attempt to reduce my notes of this to bullet points. All errors or misunderstandings are entirely mine and do not necessarily reflect what was said or intended to be conveyed by the company. These are my recollections only: Let us begin: Wey Education is developing a portfolio of online education brands, branching out rapidly from the original InterHigh online school. InterHigh hTTp://www.interhigh.co.uk/ The original online school that was started by Paul and Jacqui Daniells in 2005. They saw a space in the market which could be captured by nascent internet technology. In 2015, Wey Education was used to reverse this business into an AIM quoted stock. The focus of InterHigh is “Progress” at all levels of ability. The only online school featured in the “Good Schools Guide”. Students have attended from all seven continents (ie, including Antartica!). Over 500 live lessons a week are given. Approved examination centre, by likes of Cambridge, EdExcel and others. Infinity Education hTTp://www.infinityeducation.org.uk/ The focus of Infinity Education is “Academic outcomes” on a selective basis. Serves students’ aspirations to gain access to the top universities and colleges worldwide (eg Cambridge, MIT, etc). Focus on life beyond school. Registered with UCAS. Advise students about what to expect from and how to prepare for admission interviews at the major institutions of learning. Advise students about the type of courses that are relevant to their own career aspirations or interests. Wey ecademy hTTp://www.weyecademy.com/ The focus of Wey ecademy is “Alternative provisions”. Attract local authorities or schools with students that require alternative methods of schooling, perhaps because of bullying, a handicap, expulsion or disengagement. Expected to appeal to the State sector. Quoralexis hTTp://uk.advfn.com/stock-market/london/wey-education-WEY/share-news/Wey-Education-PLC-New-Online-Language-School-and-I/75135302 Long term aim of being a full language teaching facility. Initially launching in the “English as a Foreign Language” (EFL) sector in September.

Fascinating to note that, since the investor meeting on 19th July, the share price has had 10 consecutive up days, totalling a 50% overall gain in that time (13.5p to 20p). Yet nothing new was revealed there, merely a recap and collation of the new initiatives previously announced. What it did do, for those attending at least, was highlight the potential markets for this UK leader in the field.

thank you for this useful thread

Government providing tuition to kids who missed out on classes, very good chance WEY will take a large portion of these funds, they are the U.K. number 1 provider https://www.bbc.co.uk/news/education-54753088

Primer on Wey if interested https://leoinvestoruk.home.blog/2020/10/20/wey-education-results-preview/

https://www.theguardian.com/education/2020/sep/30/rise-in-home-schooling-is-partly-down-to-misinformation-says-ofsted-chief

Citylink,

Unfortunately, the fact that it is a Takeover/Acquisition is irrelevant, a Gain is a Gain, & once the transaction is settled, you will be liable for CGT above 12.3K in the tax year of the transaction date, unless you have losses in the same tax year to offset against it, or losses carried forward from previous tax years. To cannot transfer 20K if it into an ISA "tax free", because even if you did a 'Bed & ISA' transaction, it still involves selling the stock from the investment account (hence a Gain) & then re-purchasing it in the ISA. You would have needed to do this earlier in the tax year when the price was lower to avoid CGT, assuming you hadn't already used up your 20K allowance for the tax year.

Now I have to look for a new share...any idea pointers ? :)

I'm a bit disappointed.... I bought these a few months ago around 38p and I thought it was a really interesting long-term growth story. Never mind, a profit's a profit and very many congratulations to those who have been patient LTHs and have done well.

Congratulations to all holders.
I am sitting on over 20k profit @47.5p. Unfortunately my holdings in this share is in my dealing/investment account not my ISA. Does anyone know if on a Takeover acquisition will the same rules apply on CGT on profits over £12.3k? Or would I be able to transfer £20k into an ISA.

I'm happy to get a bonus from these, but probably would have liked to stay aboard for the long term.
It seems that the board are happy, so that is that.
GLA

I sold out of this in the 20s thinking it was done. Well wasn't I wrong. What an incredible journey for those long term holders and management of Wey. Well done all!

Amachado yes if you wait the consideration of 47.5p per share will be paid into your bank account. But you may sell now for around 45.5p, so if you wait you will get that extra 2p

Hi sorry i'm a bit new to all this. I have wey shares and some wonderful news. Do i just hold now until company sold ? Then the 47 per share will be transferred to ISA ? Is that the thing to do.

woop woop nice premium

Acquisition.

Yes but usually we get numbers with it, they didn't give us any last month.

We had a trading update last month so I think that's unlikely.

Last year there was an update on the 25th of Feb, I wonder if we'll get one tomorrow? If not we'll be waiting until May for some numbers.

I agree Roly, just an observation from a little research.
Frustrating for current holders unless one wants to top up!!

I’m looking forward to getting aboard, but I’m going to wait a little bit.

Its an estate and I can imagine that the executors are looking at many factors:-
- The share price rise which has been superb in the last months and year
- Taxes on the estate and
- distributions to the benefactors of the estate
Great to be able to take advantage of almost 'forced' sales of this nature as they are unlikely to be anything to do with the performance of the company.

Like from The TR1 on the 26th Jan ‘The estate of David Massie ’ is selling down, perhaps the family would prefer the cash.

They’d make more holding onto the stock imo.

Anyway, steady regular sized sells going though so one assumes the downtrend from 41p will continue with such a big holder selling down.

I’ll hang on a bit before taking a position, but I like the look of this Company.

Yes, I bought some of these yesterday after the trading update which gave me the final push. I had been looking at these over the last couple of weeks and the growth prospects are undeniable. Their 2 key brands look excellent and I suspect the closure of schools will turbo boost their growth for several years.

I have been following WEY for some time now and have finally taken the plunge with a decent sized holding.
This is a structural growth story and the company has a well-functioning platform to exploit favourable trends in online education. Also WEY has international reach.
Very exciting to be on board.

Online education tools in the middle of the pandemic.
Q1 of there financial year way ahead of forecast.
Wonderful news and a wonderfully run business.

Nice few buys in, some reasonable purchases this week and if you look at the monthly chart we are in a uptrend. January is going to be a troublesome month for U.K. schools, newsnight yesterday had a nice piece on U.K. schools and attendance (about half way through the programme). Basically schools are running at 80% capacity due to teacher or student self isolating
Previous

https://www.theguardian.com/education/2020/nov/18/exodus-of-exhausted-headteachers-predicted-in-england-after-pandemic

One thing that isn't talked about much, but if anyone watched the investor presentation last week there was one comment I particularly liked where they said they have absolutely no issues recruiting teachers.

I'm sure that if you're teaching at a good, well funded school with well behaved pupils then teaching in person would be preferred, but teaching online must be a thousand times better than teaching in person at a bad or mediocre school. Particularly if you can teach from the side of a pool in the south of Spain.

I have heard 'no forward guidance' is worrying some. It is there to some extent: 3000 plus students is mentioned, multiply that by an average £3500 pa fee, so that's £10.5 million without additional students joining through the year and without Academy 21 input. It seems like the prediction of £12-13 million by Leoinvestoruk on 2nd November is in the right ballpark to me.

Loving these daily +5% rises until results day. Clearly bodes well

Another +6% day

Thanks, correct link here https://leoinvestoruk.home.blog/2020/10/20/wey-education-results-preview/

Thanks neo, although I think you've linked the wrong article there.

60p estimated from here, great write up from today https://leoinvestoruk.home.blog/2020/05/05/wey-education-interim-results-preview/

All buys today for the U.K. number 1 supplier of online high school education

Significantly more buys than sells today

Nice write-up from Ed Croft on Stockopedia for anyone who has a subscription.

People in the know are getting in now, and this isn't finished it's move yet, I think positive results (pretty much already known), and guidance for the next year will cause a re-rating!

Final results due within a few weeks. Maybe some early position takers.

Large buy reported

Nm

Hi all, newly invested here on the basis of previous performance has been stable, Wey are recruiting a lot of teachers at the moment and let’s be frank if a 2nd lockdown does happen in the next month due to poor track and trace and Covid testing then the schools may need to close and force kids to study from home. Wey is an online provider of secondary school education with online teachers available 24/7. I see the results due in Oct/ nov to be very positive.

Something stirring

Lots of buys today

Completely agree, WEY are in the perfect position here providing an online education to GCSE and A level students in the U.K. and internationally. They are required more teachers and recently hired a marketing director so clearly spending to expand the company. Results out end Oct early November, will be interesting to see recruitment numbers

With a second wave firmly established, online education must surge, must lead to good news soon!

I got on board at 5p and have gradually sold out over time. Sold the last today but will be back in time for results. Goodbye for now.

Nice buys today. Hopefully it is directors buying and not selling this time.

Would anybody be kind enough to provide a brief summary of Wey and the fundamentals here.
I am invested in DEV which has done really well for me and this seems a similar type of business model.
Any help would be appreciated as I am looking to get in here. I like their update and their decision to invest in what seems to be a growing business in this new look world.
Thank you
Sani

Agreed Vulcan. There is a lot going on here, notably with marketing but more generally in stengthening the leadership team. Plus, the new financial year starts in September, suggesting a strong start to next year too.

Positive update and maybe it'll break out past the 26.5p mark

Profits exceeding expectations - taken on a sales director using excess profits to find for growth in future years...........whilst there is not much detail it is all very positive

Yes it's tough being a Wey shareholder from an information perspective although the share price has done OK.

The BOD actually pay themselves fairly modest salaries. £403,000 all in last year. And they would argue the options only become valuable if the share price does well. Their options are about 6% of issued share capital. So for me they pass the ethical test.

Breq
You could be right, any of those things might come to pass, but how can you invest in a BOD who won't invest in themselves?
If you add up all of their options the total worth is multiples of what the company has ever made in profit.
The company is run by the BOD for the BOD and not for the shareholders.

What do we know:
The BOD have been pretty tight lipped about updating shareholders on trading even though we are in an incredibly important time for online learning.
The BOD have sold shares but these sales are pretty inconsequential to their total holdings when options are included.
By selling shares they appear to be sending out a 'we think this is a great price to cash in some of our chips'. It is almost as if they didn't want the share price to keep rising.

So what could actually be going on:
Either a sale of the company at say 35p a share. The share price was heading that way and could have endangered the deal by 35p not offering a big enough premium.
A big acquisition funded by an institution backed rights issue at say 25p. As the share price went through 30p, the discount was beginning to look too great.

We shall see. My complete guess is a sale of the company, as good for DM's heirs and the CEO was already a seller late last year. Wey is an obvious acquisition candidate for a deep pocketed acquirer to use as a base to build an a large online education provider. Amazon Class ?
All the above is amiable speculation and should not be taken seriously.

You say this and I'm inclined to agree but the one remaining hope is the a few well known funds continue to hold. Very very disappointed with the board however selling a large proportion of their shares like that

So, 6 weeks ago, after perusing the May results, I decided to continue to hold WEY because I believed that COVID 19 has presented the company with a once in a generation opportunity to make hay, despite severe concerns about the board's overall performance.
I have spent a fair bit of the last 6 six weeks attempting to work out how this company works and how the board of directors might attempt to build share holder value.
My findings are as follows.
I have learnt more from posters on the ADVFN BB (particularly Netcurtains) than I have from a combination of our Board's efforts, any RNS's and the website combined.
The Board have done nothing, zero, feck all, to keep the shareholders up to date with the board', or the company's performance.
Despite Covid 19 being with us for more than 3 months now, presenting an incredible home learning opportunity, the boards only update has been to state that "there has been an increase in enquiries", that's it, no figures, no "trading ahead of expectations" Nothing.
Although Covid has presented this opportunity, the internet has been with us for more than 20 years during which many industries have embraced a new way of doing business. Home and online education has been ripe to change from it's traditional ways for all of those 20 years.
So why has it taken WEY 14 years to produce a very modest half year profit? They have gone from being a national, international, global, back to national.....rudderless.
The board would appear to be, and they give no information to change my perception, a group of administrators and educators who don't have any business acumen between them.
As previously noted, without using WEY specific wording, online searches for online education/exams/learning do NOT produce any results leading to WEY.
Looks like they don't want the work, or don't know how to advertise, or basically are too wrapped up in their own self serving little world that they don't care one way or the other.
I wrote an email to the board with my concerns on May 11th, I am still awaiting a reply.
You have to ask why, or how, there has been a 30% run on the share price in the last couple of weeks as again, no information has been forthcoming, and then, out of the blue, 3 of the board sell the shares they have been given anyway to trash shareholder value. The reasons given are BS, they somehow spiked the SP, and sold into it.
So, despite having every tailwind available, any progress made here is despite of the board, not because of it.
I can only assume, because they give me no information to assume otherwise, they are a self serving group of greedy lovelies who don't really want to be working too hard.
Welcome to the AIM casino.
I'm out, and won't be back.

Been researching this stock and looks interesting. So much potential growth here.
Think I’m going to dip my toe in the water

As of yesterday wey are advertising for more leaders of learning (good news) and a Chief Technology Officer advertised to £100k (great news). Getting ready to grow

Ragnor
Being invested here for 18 months is not lucky, well done, enjoy the profits.
I'm going to continue to hold, hopefully at least until I'm not looking at red. Will certainly see you on other boards.
Good Luck

Nonegs I decided to throw it in on this one yesterday. Got pretty lucky I admit as I've been in this for 18 months but keeping some dry powder as it looks like we may be approaching another down period in the market and momentum on this has stalled.

I think its a good company with solid growth prospects but there are some heavily discounted valuations out there presenting much better 6-12 months upside. Like you said the valuation is looking pretty punchy and the limited investor engagement unsettles me.

All the best with this one, no doubt see you on the other boards.

Netcurtains
Thank you.
Where would I find this?

Nonegsplease: WEY are having their investor conference today at about 1pm and I suspect all the questions you have will be answered.....