Wey Education (WEY)

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FTSE AIM All-Share

26.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 30.00
  • 52 Week Low: 9.75
  • Currency: UK Pounds
  • Shares Issued: 138.48m
  • Volume: 58,693
  • Market Cap: £36.70m
  • RiskGrade: 257

Wey Education to acquire complementary education business

By Iain Gilbert

Date: Wednesday 15 Nov 2017

LONDON (ShareCast) - (ShareCast News) - London-based group Wey Education launched a share in issue on Wednesday as it aimed to raise £5m in order to fund the acquisition of complementary education business Target for as much as £2.17m.
Funds from the sale of the new shares, issued via placing at 22p each, would then be used to cover the acquisition - first as a £1.47m initial cash consideration and then as a £700,000 earnout based on the level of increase in turnover to the year ended 31 August.

Wey Education's executive chairman, David Massie, said, "Wey has made significant progress since its admission to AIM in December 2015 towards building a leading online educational services company operating from the UK but selling worldwide.

"Having recently announced our first annual profit, the Placing will provide the group with funds to expand its marketing, domestically and internationally, pursue our adoption of Artificial Intelligence within our teaching methodology as well as providing working capital for growth.

"The target acquisition, if completed, will accelerate our B2B business which is growing significantly year on year," he concluded.

As of 1115 GMT, shares had retreated 16.36% to 27.60p.

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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 26.50p
Change Today -0.50p
% Change -1.85 %
52 Week High 30.00
52 Week Low 9.75
Volume 58,693
Shares Issued 138.48m
Market Cap £36.70m
RiskGrade 257

Wey Education Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.12% below the market average95.12% below the market average95.12% below the market average95.12% below the market average95.12% below the market average
94.55% below the sector average94.55% below the sector average94.55% below the sector average94.55% below the sector average94.55% below the sector average
Price Trend
68.15% above the market average68.15% above the market average68.15% above the market average68.15% above the market average68.15% above the market average
65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average
Income Not Available
Growth
87.17% above the market average87.17% above the market average87.17% above the market average87.17% above the market average87.17% above the market average
90.74% above the sector average90.74% above the sector average90.74% above the sector average90.74% above the sector average90.74% above the sector average

Wey Education Dividends

No dividends found

Trades for 24-Sep-2020

Time Volume / Share Price
16:23 19,048 @ 26.25p
15:35 19,645 @ 26.25p
09:33 10,000 @ 26.25p
08:25 10,000 @ 26.25p

Wey Education Key Personnel

Chair Barrie Whipp
CEO Jacqueline Daniell

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