Learning Technologies Share Discussion Threads

[microscope] 28/12/2016 22:12

Great to see the latent interest surface again here. In a way the thread shows how easy it is for Aim companies to slip under the radar without news. Hope I am right but of course no guarantees and you're right to point out Satchell's key role too.

Said RSW, of course meant RWS. D'oh.

Janeann i sympathize, had a few like that, hang in there and the rewards should flow. Good things come to those who wait.... :)

[multibagger] 28/12/2016 21:24

Hi janeann,

Good to see you here ! LTG is another of my decent size holds and given the management pedigree with Andrew Brode at the helm, he and Jonathan Satchell holding about 56% of the company...2017 is expected to be an interesting year !

[janeann] 28/12/2016 20:44

I'm just not buying any more now; I hope that is shown to be a big mistake!

[tarrant777] 28/12/2016 19:05

Hang in there, and if Microscope is right, you will come good!

[janeann] 28/12/2016 19:03

No you are absolutely right - just my timing hasn't been good on this! and that's an understatement!

[tarrant777] 28/12/2016 18:56

Price up 3 fold in 3 years. Performance not too shabby surely?

[janeann] 28/12/2016 18:16

Certainly hope so - been waiting a long time for these to come good.

[microscope] 28/12/2016 17:01

Hi NFS, welcome aboard! Let's hope the management deliver on the potential next year. One for the medium term I think. 2017 should be the start of real growth :)

[nfs] 28/12/2016 13:37

MicroscopeBeen looking at these for a whileBought in todayIt's a 21st century company, saving costs for clients, deals seem good, the chairman is well respected Transformational- let's hope so

[microscope] 28/12/2016 11:03

I put up another Andrew Brode company, RWS, as my share for 2016, which has risen about 48% since my post on Jan 2nd. Expect it to be a solid gainer again next year, but this is my pick for 2017.

This has to be a little riskier, but with Brode in charge you know he will have assembled another strong management team.

He has talked about building this company from sub 10 million beginnings, into a 50 million plus company. 2016 has followed through on two substantial acquisitions with building them up and was a year of fairly high costs, as Brode always forecast.

He is on record as saying 2017 would be 'transformational' for LTG. His word, not mine. The key will be uptake of LTG offerings. And that's where management will be pivotal. Brode clearly sees this as a niche growth business area and I for one trust his assessment.

Finances are well backed up with solid accounts and this should be a rapid growth company in the next, exciting, 12 months.

My pick for 2017.

[tarrant777] 05/10/2016 23:14

Gracious! Enormous volume of shares traded today.

[davidosh] 03/10/2016 14:50

I have arranged for the company to present to a group of us this Friday from noon if any of you are interested in coming along ? Marshall Motors and Harvey Nash will also present. Just email me at mellomeeting.co.uk for more info

[tarrant777] 29/9/2016 23:53

Encouraging buying at what have been surprisingly depressed levels given the recent results and forward broker forecasts.Still hoping for 40p by Christmas.

[multibagger] 21/9/2016 06:50

Yes I agree Tarrant777 as I hold as well. The fact that we are operating at a fairly high PE may be reduces the expected positive impact of strong results. Anyway, this and most stocks are atleast a 3-5 year hold for me, so not too bothered :)

The Chair and CE hold over 50% of the equity, if I recall correctly, so they are pretty confident ! Given Brode's track record in particular, I am happy to benefit from his money making skills.

[tarrant777] 20/9/2016 21:34

Disappointing to see that despite strong results, an increased dividend and the prospect of more to come, the shares have come off quite sharply on relatively small numbers of trades.Other people will no doubt understand the ways of the market, but quite often I find it quite difficult to understand.Still confidently holding however!

[multibagger] 06/9/2016 09:19

Surprisingly muted response to stellar results which reflect just the start of the journey. I have a good few and expect these to outperform the market very comfortably.

The day is still young so let's hope we see some strong traction in due course. Good luck all :)

[janeann] 06/9/2016 08:29

Surprised there hasn't been more impact on share price;

[bared_bones] 06/9/2016 08:22

Buying more here. Cracking and as yet unknown to the masses...

[tarrant777] 06/9/2016 08:21

Perhaps for me the most exciting aspect of these encouraging results is the fact that recurring revenue is now 25% of income!

[microscope] 06/9/2016 08:16

Given that Andrew Brode said at the time that the acquisitions would be 'transformational' in 2017, think this is just the beginning of a period of rapidly increasing profits for the company. A really exciting company to be involved with at this stage, ahead of the crowd.

These at first glance look excellent results.

Good to see you Glenn, long time no see hope things are going well. Encourage you to take a look at this company :)

[janeann] 06/9/2016 07:25

excellent sent of results, increased dividend as well,

[glennborthwick] 06/9/2016 07:25

great results. don't hold but you should do well from this one.

[multibagger] 06/9/2016 07:16

Very strong set of results with more to come in 2017 and 2018 :)

RNS Number : 0116J

Learning Technologies Group PLC

06 September 2016

6 September 2016

Learning Technologies Group plc

(AIM: LTG)

Interim Results 2016

Learning Technologies Group plc ("LTG" or the "Group"), the global integrated e-learning technology and services business, is pleased to announce interim results for the six months ended 30 June 2016, which demonstrate substantial profit and earnings growth in line with the Board's expectations.

Financial highlights:

-- Revenue increased to GBP12.8 million (H1 2015: GBP8.4 million) - up 52%

- The proportion of recurring revenues is now 25% (H1 2015: 8%)

-- Adjusted EBITDA* more than doubled at GBP3.2 million (H1 2015: GBP1.3 million) - up 145%
-- Adjusted EBITDA* margin improved by ten percentage points to 25.4% (H1 2015: 15.8%)
-- Adjusted diluted earnings per share of 0.483p (H1 2015: 0.232p per share) - up 108%

-- Operating cash flows strong, despite significant investment in CSL project and IP development

-- Interim dividend of 0.07p per share (H1 2015: 0.05p) - up 40%

Operational highlights:

-- Focus on extending and deepening best working practices across the Group has improved margins

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

- Delivers substantial recurring revenues and already performing ahead of Board's expectations

-- Strategic investment in ground-breaking Watershed business - USD3 million for 27% equity stake

- Analytic tools which show the impact and effectiveness of learning programmes

-- Good progress in LEO's landmark UK Civil Service Learning (CSL) project in partnership with KPMG LLP

- Significant upfront investment being funded from operating cash flows

- Revenues expected to accrue in Q4 2016 and accelerate substantially in 2017

-- Further acquisition opportunities being evaluated and pursued, particularly in the US and UK

Andrew Brode, Chairman of LTG, said:

"The Group continues to make strong progress in its strategic ambition to build a diversified international business with revenues of GBP50 million. The acquisition of Rustici and investment in Watershed bring exciting new capabilities to the Group, which will enable us to take learning to the heart of the business strategy at Board level. Our ability to deliver a truly blended learning experience to large organisations has been confirmed by the CSL project win with our partner KPMG. We will continue to capitalise on our existing strengths to deliver further profitable organic growth, whilst seeking new acquisition opportunities to extend the Group's reach and scale."

*Adjusted EBITDA excludes the amortisation of acquisition-related intangibles assets, the amortisation of internal capitalised development costs, depreciation, share of losses on associates, acquisition earnout charges, share based payment charges and other exceptional items.

[microscope] 05/9/2016 17:39

Generally looking forward to results in the morning, following the very bullish trading update recently.
The only thing i would caution was from the end of year results

'The CSL contract will require a significant "up-front" cash investment in 2016. The financial returns on this investment are expected to begin accruing in the second half of the current financial year with substantial returns expected in 2017 and 2018.'

So if the cash position looks less positive than people expect, it's probably explained by that, and certainly no cause for concern.

[tarrant777] 01/9/2016 23:47

Thank you ygor706, I have now found the Britishbulls.com site and read their short but encouraging BUY recommendation.Numis Securities, the house broker also today published a short upbeat note in advance of the first half results due out next week, in which they reiterated their BUY recommendation with a target price of 41p.They also state that they now believe that their EBITDA numbers for the company in '17 and '18 may be conservative and that the company will continue to pay a progressive dividend.Some people have no doubt already seen the note, which may explain the buying today and further encouraging strengthening of the stock price, which hopefully has more to come.