Learning Technologies Share Discussion Threads

[multibagger] 31/3/2016 07:09

TIDMLTG

RNS Number : 6189T

Learning Technologies Group PLC

31 March 2016

31 March 2016


Good to see the vote of confidence....

31 March 2016

Learning Technologies Group Plc

(the "Company")

Director's Dealings

Learning Technologies Group plc (AIM: LTG) announces that on 30 March 2016 Harry Hill (Deputy Chairman) acquired 20,000 Ordinary shares of GBP0.00375 in the Company at a price of 37.5 pence per share.

Following these transactions Harry Hill (including his spouse) has a beneficial interest in 2,028,000 shares which represents 0.49% of the share capital of the Company.

[multibagger] 30/3/2016 14:14

Precisely to be the time to be building up a stake...when there is very clear evidence of excellent progress, but the market is indifferent. Anyone with an investment horizon of a few years will richly benefit. The benefits from the Rustici takeover is yet to come through as is revenues from the civil service deal. I won't be surprised if we see another 30- 35% growth in revenues when results for 2016 are reported.

A progressive dividend policy is always welcome and I am looking forward to re-invest in LTG when the divis come along in July 2016.

[tarrant777] 30/3/2016 09:39

Agree. Results are excellent, supported by a healthy hike in the dividend. However, the company had already indicated that the news would be good in the pre close statement and the shares have performed really well this year so far. House brokers have increased their target price to 41p, so more growth to come hopefully as the year develops.

[microscope] 30/3/2016 09:07

Think these excellent results and the acquisition already in the share price, but should see further steady share price growth over next 12 months imho as news flows from the recent acquisition.

[janeann] 30/3/2016 08:17

Looks good to me; surprised there hasn't been a stronger reaction.

[multibagger] 30/3/2016 07:30

Very strong growth and increased profitability :)

RNS Number : 4662T

30 March 2016

Learning Technologies Group plc

(AIM: LTG)

Final Results 2015

Learning Technologies Group plc ("LTG" or the "Group"), the global integrated e-learning technology and services business, is pleased to announce its audited results for the year ended 31 December 2015, which show strong growth in revenue and margins.

Financial highlights:

-- Revenue increased to GBP19.9 million (2014: GBP14.9 million) - up 33%
-- Adjusted EBITDA more than doubled to GBP4.3 million (2014: GBP2.1 million) - up 107%
-- Significantly improved adjusted EBITDA margin of 21% (2014: 14%) - up 50%
-- Adjusted diluted earnings per share of 0.756p (2014: 0.375p per share) - up 102%
-- Proposed dividend for the full year of 0.15p per share (2014: 0.10p) - up 50%
-- Balance sheet strengthened further - GBP7.3 million cash and no debt

Operational highlights:

-- Acquisition of Eukleia to LTG portfolio in July 2015 for initial consideration of GBP8.3 million:

- adds governance, risk and compliance expertise and specialist financial services sector offering

- business now fully integrated and operating to plan

-- Landmark contract win delivered in a strategic alliance with KPMG UK LLP for UK Civil Service:

- delivering blended learning for over 400,000 staff over next three years

- demonstrating credibility and scale of LTG's offering and capabilities

-- Post year end acquisition of Rustici and investment in Watershed:

- places LTG at the heart of global e-learning interoperability standards

- ability to ascertain the impact and effectiveness of learning programmes

Andrew Brode, Chairman of LTG, said:

"The last 18 months have been transformational for the Group. Our strategy of creating a group of market-leading businesses providing global, complementary services in the fast growing learning technologies sector is rapidly taking shape."

Jonathan Satchell, Chief Executive Officer of LTG, said:

"We have established a strong platform on which we can build and the Group is delivering to plan. I believe that LTG is very well placed to achieve a prominent position in a highly fragmented, growing market, currently estimated to be worth GBP140 billion. We see the ability to measure the impact of learning as the next major disruption to the e-learning industry. LTG's acquisition of Rustici and investment in Watershed in January 2016 places us at the vanguard of this crucial and exciting change. We view the future with confidence."

[multibagger] 25/3/2016 07:14

Interesting buying activity over the last week with some one buying in 50k chunks. Won't be surprised if we have a Holdings RNS fairly soon.

Results due on Wed, 30 Mar so buying can't be from insiders.

[multibagger] 23/2/2016 13:45

Steady buying interest and gradual upward movement in share price.

37.75p paid.....

[multibagger] 22/2/2016 15:17

Debt is one consideration for sure in any acquisition consideration. But the value of the acquired IP and the multiplier effect through market share, customers, cross selling, geographic footprint, credibility etc is not to be underestimated and longer term may justify taking on extra short term debt.

Acquisition and contract award news is generally very positively received by the market, though on an individual level it may have been factored in.

Seems a fair bit of interest today.....:)

[tarrant777] 22/2/2016 13:42

Well multibagger, you may be right- but the last acquisition was much larger than I expected and am not sure that the board will be very keen to do any more deals in the short term that increase debt. Also, suspect that work on the large CSL contract may well be absorbing a large percentage of management time and resource.In any event, IMHO the company, in its current size and format looks like a £200m market cap "waiting to happen"- so can't get too excited either way by a further acquisition in the short term.

[multibagger] 22/2/2016 12:41

News of acquisitions IMHO....though there was one a big acquisition recently I won't rule out another fairly quickly. LTG are bidding for some chunky contracts according to the presentation from Oct 2015...so any contract award could be substantial.

I'm very pleased to see the gradual creep upward with a new share price high backed by fairly decent volumes relative to free float.

[tarrant777] 22/2/2016 11:32

Not exactly sure what sort of positive news you are expecting multibagger as results "in line with expectations" have already been flagged, the Chairman said in the past that he intends to adopt a progressive dividend policy and it would probably be a bit soon to expect any further acquisitions?However encouraging further buying today at 37p as the shares continue to track slowly northwards.

[multibagger] 15/2/2016 15:51

This is a solid growth share that is very tightly held. I'm particularly pleased that funds for recent acquisitions were paid for with cash, debt and very minimal dilution. This is just the start of an uptrend IMHO....good luck all :)

[tarrant777] 15/2/2016 15:34

Shares back to an all time high, but seems no reason to assume that there is a ceiling at this level as evidence of decent ongoing buying at these prices.

[tarrant777] 10/2/2016 16:28

Heavy trade today.

[tarrant777] 02/2/2016 14:50

If management can continue to find further interesting acquisitions in either the UK or US, it seems likely that with some further organic growth thrown in, fuelled by major contract wins with CSL etc, a £50m turnover will be achieved comfortably within 3 years, and possibly much less.

[multibagger] 01/2/2016 07:30

Jonathan has sold 1.75m to meet instituitional demand for shares and total voting rights has gone up by about 15m post acquisition.

Hugely positive in the sense that there is minimal dilution and Instis were not offered shares at a discount to fund the acquisiton of Rustici - how often does that happen in the stock market ? Not that I can recall with any of my holdings in my two plus decades in the market.

Keep up the great work Jonathan :)

Onwards and upwards !

[multibagger] 31/1/2016 22:54

Sorry to hear that Rhubarbkid...put plenty of opportunity for share price growth over the next few years atleast (for starters) IMHO, so you could think of getting back in if your investment horizon stretches that far....

We know that LTG are bidding for some big contracts and likely will land atleast a couple and given that the shares are very tightly held, any positive news should see a rapid re-rate. Good luck whatever you choose to do !

[rhubarbkid] 31/1/2016 19:42

Wish I hadn't sold at 25p a few weeks ago! The market reacted slowly to the contract news and I lost my nerve.

[multibagger] 31/1/2016 08:23

Very upbeat and optimistic interview - looks like we will be acquiring aggressively and won't be surprised to hear of another couple of acquisitions in the next 6 months or so.

£50m revenue target will be achieved in about 3 years or slightly earlier ?

[proactivest] 29/1/2016 13:51

Video interview with CEO Satchell


Learning Technologies Group (LON:LTG) chief executive Jonathan Satchell told Proactive he could “pretty much guarantee” there will be more acquisitions to come, after the firm spent US$30mln on Friday.

The firm is to acquire Rustici Software LLC, a software specialist, for US$26mln and has agreed to invest US$3mln for a 30% stake in analytics specialist Watershed Systems.

“Buy and build is an essential part of where we are taking this business, but be under no illusion it’s nothing without a very strong underpinning of underlying growth,” he said.

[multibagger] 29/1/2016 13:29

Big trades cummulatively 3.25m but not much price drop which I read as a good sign - guess funds must be rebalancing and expect Holdings RNS shortly.

[multibagger] 29/1/2016 13:23

Hi Jonathan,

Congratulations on a fantastic deal !! It has been worth the wait and a lot bigger than what I expected (£10-12m was my ballpark) and the way the acquisition has been financed with minimal dilution and retention of the top team of Rustici and performance related share options.

Thanks for posting - I am definitely hugely excited by this acquisition and have added a decent number today. Thanks for the invite to the trade show - too short notice to make it this year, but shall keep it mind for the future.

Thanks for the efforts to keep shareholders involved / interested with your interviews on Proactive.

I certainly appreciate this and I am sure many others will do as well :)

Keep up the fantastic work :)

[jsatchell] 29/1/2016 12:28

Thank you to our investors on this board for your continued support for LTG. I hope you're as excited as we are about this morning's acquisition. On 3/4 Feb all our group companies, including Rustici, will be exhibiting at the industry's largest trade show, LT16 at Olympia in London. We'd be delighted to show you what we do and introduce you to the senior team. Please just either turn up to the show (it's free) or let me know in advance at [e-mail]