Wey Education (WEY)

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 15.85p
   
  • Change Today:
      0.000p
  • 52 Week High: 16.20
  • 52 Week Low: 5.13
  • Currency: UK Pounds
  • Shares Issued: 138.19m
  • Volume: 27,922
  • Market Cap: £21.90m
  • RiskGrade: 194

Wey Education reports maiden profit in first half

By Josh White

Date: Tuesday 18 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Online fee-paying secondary school operator Wey Education announced its unaudited interim results for the six months to 28 February on Tuesday, with turnover increasing 73% to £1.21m.
The AIM-traded company reported a maiden profit before tax of £11,244, swinging from a loss 0f £466,582 in the same period last year, with basic earnings per share of 0.01p compared to a loss of 0.69p.

Cash balances stood at £1.03m at period end, compared to £1.01m, with the board pointing out that the cash balance was after increased investment.

The firm's new IT platform was "well advanced" in its rollout to provide a base for further growth, the board added, and said its result for the full year was anticipated to be "much better" than the 2016 year.

"These results show a substantial improvement over previous years and we are yet to see the impact of the various initiatives commenced over the last 18 months where the real benefits will be seen in 2017/18 and beyond," said chairman David Massie.

"Our product is one for the digital age and we see numerous opportunities for expansion."

Massie said Wey would continue to invest with the aim of increasing the group's size, product range and international coverage.

"We continue to research the Chinese and other markets.

"We are now in our best ever position and are looking forward to the second half with confidence and excitement."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Wey Education Market Data

Currency UK Pounds
Share Price 15.85p
Change Today 0.000p
% Change 0.00 %
52 Week High 16.20
52 Week Low 5.13
Volume 27,922
Shares Issued 138.19m
Market Cap £21.90m
RiskGrade 194

Wey Education Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.1% below the market average91.1% below the market average91.1% below the market average91.1% below the market average91.1% below the market average
73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average
Price Trend
52.20% above the market average52.20% above the market average52.20% above the market average52.20% above the market average52.20% above the market average
48.76% above the sector average48.76% above the sector average48.76% above the sector average48.76% above the sector average48.76% above the sector average
Income Not Available
Growth
83.38% above the market average83.38% above the market average83.38% above the market average83.38% above the market average83.38% above the market average
92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average

Wey Education Dividends

No dividends found

Trades for 19-Feb-2020

Time Volume / Share Price
12:21 3,345 @ 16.20p
10:39 10,000 @ 16.20p
09:46 12,000 @ 16.00p
09:27 1,837 @ 16.00p
08:01 740 @ 16.20p

Wey Education Key Personnel

Chair Barrie Whipp
CEO Jacqueline Daniell

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