Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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For next jump up. Double bubble :)
For two days now....encouraging.
Keep on rising.
Easily from here.imo
This is just a very late notification, Baronsmead VCT were shown as a shareholder of around 20% Sep 17. They have probably only just notified.
Nice RNS today. Looks like a big institution is showing a lot of confidence in WEY stock. GLA.
Hello all and I've taken a stake in WEY as this seems like a good entry point. They are a minnow in the field but with promising investments in new markets in China and Nigeria. One to tuck away. GLA and look forward to next set of results.
Bought somemore myself wolf... Unclear why the big drop after results.... So should bounce back to mid 20s in a flash when good news appears. B
eps up 50 percent from 8p to 12p and a healthy cash balance. All shaping up nicely
I am using these low times to build my holding also. MM tricks arent great, but it does mean we can benefit from some cheap buys. Interim results are very positive, turnover increased by 44 percent, adjusted profit almost doubled. IMO, the next release of good news and this has potential to go skyward very quickly. Wey Education plc (AIM:WEY) today publishes its interim results for the six months to 28 February 2018 and reports on a number of important developments within the business. HIGHLIGHTS: � Academy 21 acquisition outperforming expectations � Establishment of Chinese subsidiary and agreement to establish a Joint Venture in China to progress English language teaching � Infinity Education starts delivering first courses � Agreement reached for Joint Venture in Nigeria to teach both English and Nigerian curriculum online � Launch of primary curriculum � Appointment of Executive Director of Human Resources � 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 (Executive Chairman) said: "This was an exciting period in the Companys 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 Companys 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.
What happened here.. Results and outlook OK....30% fall... Peeps buying at 27p this morning......bloody MMs!...bought a few just as a punt.B
I just topped up on WEY but it's showing as a Sell.
Probably Miton selling down, we have the same problem over on VRS, Shareholders in Miton UK MicroCap have requested to sell over 10% of the investment trust’s shares in the annual share redemption facility taking this place month. Previous redemption levels have been modest at the £113 million fund launched by smaller company managers Gervais Williams and Martin Turner three years ago. This year, however, the company has received requests to sell from holders of nearly 18.5 million shares or 10.8% of its capital. If new buyers for the shares are not found the trust’s market value will slip below £100 million, a significant threshold for the big wealth managers that are its main investors. From the CityWire website And they have the cheek to say that WEY and VRS have 'pulled back' over the month , wonder why that is , oh yeah they are selling millions! https://resources.mitongroup.com/srp/lit/NDKE87/Fact-Sheet_Miton-UK-MicroCap-Trust-plc-Miton-UK-MicroCap-Trust-plc-Ordinary-Shares_28-02-2018.pdf
A lot of sells today from small investors. V. strange
Has anyone any ideas to why this keeps dropping? Doesn't appear to be any bad news, from what I can tell. Is it likely to recover, or a bit of a damp squid?
Dont really understand why? Did amazing last year.
Simply not true. Pearson Publishing - owner of the Connections online academy - is biggest online education provider to both primary and secondary education sectors in both US and UK and is FTSE 100 and NYSE listed. It sounds a good investment proposition, but the outlook for the sector isn't particularly good, either - see FT article on "worries over online education", dated April 6th 2017.
You dont buy WEY for a low PE. You buy WEY because its MARKET CAPITALISATION is very very very low for the ONLY quoted UK company in the UK childrens/teenagers education market. Potentially this market could support a FTSE250 or FTSE100 player - its that big (billions are pumped into UK education). You could argue that WEYs current price is more or less "ground zero" entry for a google or twitter or facebook type share of the future...
Thanks Rick. But dont you think the PE is outrageous?. There`s a huge amount of expected growth within the SP. I like the company, and I`d really like to buy some. But I just cant bring myself to part with the money at these valuations and in this uncertain market.
Now that the SP has fallen, the PE is only 1450. If Techs are hit hard, this share is going to plunge!!!!
50% of education is in the sciences. Overseas students pay very high fees to go to good UK universities. There is a basic flaw in the business model in that you need bricks and mortar to provide the experimental basis required by most A level science courses. Sorry, I don't do analysis of crap companies. I recommend the use of the Concise Oxford English Dictionary for your final question.
davidpqz Would you mind expanding on your detailed analysis please. By �blue sky� do you mean that they are in the business of developing, or pursuing, something that will be of significant value to others?, or do you mean in the context of their value of goodwill on the balance sheet?. What do you mean by crap?. Thanks DD
Possibly because it's a blue sky crap company?
Possibly the Daniell�s trimming their stake?, from the Jan 17 RNS: �The vendor is restricted from dealing in their entire holding including the New Ordinary Shares until around 13 January 2018 (being twelve months after the date the deferred consideration shares are issued for the year ended 31 August 2016).� DD
I've been monitoring it for a few days now and the spread seems to open out to ~9% during the day before calming back to ~ 3% at day end/start. Most trades look small.