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Waking up.
From the latest RNS; "Group turnover will exceed market expectations of 4.1 million for the year to 31 August 2018 (2016/17 - 2.4 million) representing growth of at least 70% year on year including the contribution of Academy 21 which was acquired in December 2017"
Great volume again today. Investors waking up to this company with established model and expansive traits.
"Cash balances remain substantial and in excess of 4 million.
Nigerian subsidiary established.
Chinese joint venture in final stages of negotiation with first sales expected in September 2018.
Board pleased with progress made in 2017/18 and foundations built for further growth".
Looking good.
Some nice volume this following positive RNS. This dived on hardly any volume will trade higher now. Good young company well funded with excellent opportunities going forward. It's all good.
Babs take a look at cihl
cant buy... can sell the lot no problems just above bid.
Up 6% pre open...good day ahead perhaps... slow reactor this but does like a jump. Should never have got this low (or to be fair as high as 40!). Around 22p would be about right (wishful thinking?) :D
here is no current intention to issue any shares other than to satisfy any option exercises.
a resolution will be proposed to reduce the Company's share premium account to facilitate the payment of dividends in the future
The Company remains well funded for future expansion with current cash balances of over £4 million.
Stellar update imo - back into the 20s?
Trading Highlights
· Group turnover to exceed market expectations of £4.1 million
· Significant progress with Academy 21 acquired in December 2017 which is now integrated into the Group
· Underlying profit and loss expected to be in line with market expectations
· Cash balances remain substantial and in excess of £4 million
· Nigerian subsidiary established
· Chinese joint venture in final stages of negotiation with first sales expected in September 2018
· Board pleased with progress made in 2017/18 and foundations built for further growth
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
Financial matters
Group turnover will exceed market expectations of £4.1 million for the year to 31 August 2018 (2016/17 £2.4 million) representing growth of at least 70% year on year including the contribution of Academy 21 which was acquired in December 2017. As a result of the integration of Academy 21 into the Group, its results will in future be reported as part of the Group B2B results but management estimates that it increased turnover by at least 25% and profits by at least 100% over the corresponding period of 2016/17. As previously reported growth in the original InterHigh business ran at about 20% during the year and is expected to accelerate again in 2018/19.
Again this morning..nice recovery from the other day.
Recovery slightly today would like to see the likes of 20p + again
Dont think so...growing company, profit up ,plenty cash and 22p placing last year.
Gets wey noticed on the risers. Wey too cheap atm.
cant fathom it... the seller must have been keen to exit quickly to cause a steady decline …. risk - something we don't know.... reward - there is nothing to know and I got some cheap shares.... erm
Must be seller finished yesterday.
Jeez from red to blue ... some news and lift off. Hopefully seller done.
I have revisited the fundamentals and my investment decisions stand as it appears to be a good business with good revenue an reducing debt ... I cant fathom this drop given the business is growing, my only conclusion is low volume sells so I bought a few more... Anyone got any ideas otherwise?
Yep not understanding the drop
Required urgently here.
I've been watching this for some time and can't believe the SP fall since a net loss was announced over expansion... bought in following todays low volume drop and find this BB very quiet... That's a good sign of an undiscovered gem...Hello anyone else :)
Wey to go
-!!! Over 4 million quid in the bank at time of results . China jv and nigeria...seems good to me.
Turnover up 44% at £1.74m (2017 – £1.21m) including contribution of £249,000 from Academy 21 · Adjusted profit before tax of £145,000 (2017 – £75,000) · Adjusted basic EPS 0.12p (2017:0.08p) · Cash balances healthy at £4.3m Commenting on the results, David Massie Wey Education PLC (Executive Chairman) said: “This was an exciting period in the Company’s development. Last November’s oversubscribed £5m placing gave the Company the financial resources to implement its medium-term strategy. The results of that process are already beginning to bear fruit. The completion of the Academy 21 acquisition accelerates the Company’s growth in the B2B market and we are very pleased with its development so far. The announcements regarding the joint ventures in China and Nigeria is very significant for the group’s growth as they have the potential to be transformational. Naturally, there is some cost involved in developing these initiatives, but the Company has the necessary financial resources for such, and the Board considers the potential is so great, that the price is one worth paying.”
Are the best...get in and wait.. :)