Wey Education (WEY)

Sector:

Support

Index:

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 revenues set to come in well ahead of expectations

By Iain Gilbert

Date: Wednesday 28 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Online learning group Wey Education said better than expected full-year revenues looked set to bring about an "in line" result for adjusted profits.
Wey Educations expects full-year revenues to be more than 43.0% higher year-on-year at no less than £6.0m, well ahead of market expectations.

The AIM-listed group said the increased revenues had allowed it to boost its marketing spend during the current year in order to ensure that revenue expectations for the year ended 31 August 2020 were also met.

The company also noted that its solid performance followed "strong" trading in both of its core businesses, Interhigh and Academy21, following its interim results in May.

Chairman Barrie Whipp said: "Our increase in revenues, in excess of market forecasts, demonstrates that more students are taking advantage of our excellent, expanding offerings in online education.

"Our strong balance sheet, cash position and continuing investment in teaching and lesson excellence gives the board confidence in Wey's future growth in an exciting market."

As of 0930 BST, Wey shares had shot up 13.96% to 10.28p.

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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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