Learning Technologies Share Discussion Threads

[multibagger] 15/4/2017 07:35

Hi Tarrant777...I'll be a sport and play along :) My money to a charity if I lose.

I would conservatively guess we could be in the 63-65p midprice range by 31.12.2017 - depending on what the trading updates tell us in between.

That could mean we have a market cap of around £275m and we could be fairly close to getting to £40-45m in terms of 2017 revenues.I am pretty conservative in my approach, so as always would be delighted to proved wrong.

Of course the usual caveats of global force majeure apply - hopefully we don't have
N Korea related conflagration.

What's your guess ?

Maybe you are a lot closer to action than I am !!

Good luck all :)

[tarrant777] 13/4/2017 20:46

Multibagger. I would be much more interested in your guesstimate of the possible LTG share price on 31/12/17.When I've seen your guess, I'll give you mine with a bottle of Scotch to the winner?

[multibagger] 13/4/2017 12:43

Powering through like a hot knife through butter !

Can I make another bold prediction ?

Just so that I can be proven wrong ?

LTG will never hit 55p by the end of next week ;)

Good luck all ;)

[jeffian] 13/4/2017 11:44

Here we go.

[tarrant777] 13/4/2017 10:08

You may be right Multibagger as I sense that you are nearer the action than me, but trades at 50p currently showing on the ADVFN screen as I type.This week/ next week, whatever, the shares have had a good run based on outstanding management performance and acquisition strategy.Let's hope for much more of the same!

[multibagger] 13/4/2017 07:25

Panned out as expected so far and on course to settle in the 51-52p before next lot of news I would think.


Not sure that we'll settle at 50p today as last trading day this week. I would be delighted to be proved wrong however !

[tarrant777] 12/4/2017 22:03

SP 50p this week?

[firtashia] 12/4/2017 13:10

Not currently holding, and Andrew Brode's name didn't ring any bells with me at all when I saw this one last week. That is until I saw the update from RWS today. Looks like this guy is associated with quality businesses. New to this company I guess the substantial director buying a fortnight ago is associated with the NETD deal, but then again there's only one reason people buy shares. Back on my research list.

[bones] 10/4/2017 14:36

Can buy just below the mid-price right now. Tucked 23k of them away just now at 47.7p. Not yet showing.

[tarrant777] 07/4/2017 14:43

Good to see ongoing buyer interest in the shares (endorsed by brokers and positive press coverage this week) and the market cap passing £1/4bn.Next stop £1/2bn, although may have to wait a year or two unless they make further great acquisitions sooner!

[phillis] 06/4/2017 11:10

wonder who gave the Non Exec the sweetheart deal at 37.5p yesterday

[douglas fir] 06/4/2017 10:11

tempus
April 6 2017, 12:01am, The Times


Learning Technologies
Learning Technologies Group is one of those technology businesses that is hard to get a handle on because there is nothing quite like it. Its field of electronic learning might give rise to thoughts of poor beleagured Pearson, but they are in quite different areas.

LTG provides training modules for companies and assesses their efficacy. Much, maybe two fifths, is regulated business for compliance and the like and a lot — about 27 per cent of the total last year — is on a recurring basis, which tends to stick around.

The company has carried out some small acquisitions but the more recent and largest, last month, is reckoned to bring with it the last pieces of the services it needs to provide. NetDimensions, which is AIM quoted, provides the rest of the platform and an entry into the south-east Asian market. The deal was large, £53.6 million, for a company with a market value of about £250 million, now partly backed by a placing at 37 ½ p.

It also renders the 2016 results largely historic, although a trebling in revenues from outside the UK is encouraging enough The chairman and one backer is Andrew Brode, who is behind Burford Capital, the litigation funder that is one of Tempus’s most successful tips this year. LTG won a large contract to serve the UK civil service at the end of 2015 that will provide full revenues this year.

The shares rose 1½p to 45½p yesterday. The company has come a long way, but you should tuck the shares away for the long term.
My advice Buy
Why The company is well positioned in a growth market

[jeffian] 06/4/2017 09:35

Tipped by Tempus in the Times this morning.

[martinthebrave] 05/4/2017 15:58

Paul Scott may be joining the party - hxxp://www.stockopedia.com/content/small-cap-value-report-wed-5-apr-2017-sty-hss-ltg-179128/

[microscope] 05/4/2017 08:56

A proper growth company doing 'what it says on the tin'. Excellent progress once again.

They've spotted a fragmented marketplace and are now becoming the leading player in it. They will set the industry standard for many years to come and as we talk of household names in other sectors, over coming years I believe people will look to LTG for the standards to attain to in this space.

A market leader for under 50p a share? Yes please!

incidentally i'm not sure exactly what the float price was but this thread went up in November 2013 and as of now has less than 270 posts. Under 2 a week and yet a multibagger.
''More ways to skin a cat'' comes to mind :)

[woodcutter] 05/4/2017 08:10

yep agree results, particularly growth, look very good. Potential for this to go a long way, one for the bottom draw and accumulate on any weakness imv

woody

[multibagger] 05/4/2017 07:23

A set of stellar results and given the tight liquidity, I am hoping for a new share price high today :)


Learning Technologies Group PLC Final Results 2016
05/04/2017 7:00am
UK Regulatory (RNS & others)



RNS Number : 5954B

Learning Technologies Group PLC

5 April 2017

Learning Technologies Group plc

(AIM: LTG)

Final Results 2016

"Excellent progress during 2016"

Learning Technologies Group plc ("LTG" or the "Company"), a market-leader in the fast growing learning technologies sector, is pleased to announce its audited results for the year ended 31 December 2016.

Financial highlights:


-- Revenue increased to GBP28.3 million (2015:
GBP19.9 million) - up 42%
-- Recurring revenues increased to 27% (2015:
10%) - up 170%
-- Revenues generated outside of the UK increased
to 36% (2015: 12%) - up 200%
-- Adjusted EBITDA increased to GBP7.7 million
(2015: GBP4.3 million) - up 77%
-- Significantly improved adjusted EBITDA margin
of 27% (2015: 22%) - up 29%
-- Statutory loss before tax of GBP1.2 million
after accounting for acquisition related
deferred consideration as deemed remuneration
-- Adjusted diluted earnings per share of 1.184
pence (2015: 0.756 pence per share) - up
57%
-- Proposed dividend for the full year of 0.21
pence per share (2015: 0.15 pence) - up 40%
-- Strong balance sheet with shareholders' equity
of GBP30.7 million (2015: GBP25.1 million)


Operational highlights:


-- Excellent progress in delivering on LTG's
strategic ambition to build an international
comprehensive digital learning offering for
corporate and government clients
-- Successful acquisition in January 2016 of
Rustici Software, the acknowledged global
leader in e-learning interoperability standards;
results significantly ahead of expectations
-- 27.3% stake in Watershed Systems in January
2016 developing suite of analytical tools
to capture rich data on learners and measure
performance
-- Acquisition of NetDimensions post year-end
in March 2017; leading global enterprise
solutions provider of talent and learning
management systems
-- Leveraging of LTG's blended service strategy
reinforcing strong organic growth
-- Successful, on time and on budget implementation
of landmark Civil Service contract with revenues
anticipated to grow significantly in 2017
-- Strong start to 2017 with trading in line
with management's expectations and order
book significantly ahead of the prior year
on a like for like basis


Commenting, Jonathan Satchell, CEO of LTG, said:

"2016 was another fantastic year for LTG during which we delivered strong revenue and profit growth as well as completing the acquisition of Rustici Software and investment in Watershed Systems.

LTG is very well placed in its digital learning segment of the global corporate training market and it is pleasing to see that recurring revenues increased to 27% and revenues outside of the UK to 36%."

Commenting, Andrew Brode, Chairman of LTG, said:

"The Group has enjoyed a strong start to 2017 and is trading in line with management's expectations, and significantly ahead of last year. We expect the current financial year to benefit from a healthy order book, increased sales resulting from our compelling blended learning capability and continuing strong margins. LTG has substantially diversified its geographical reach in the past year and has developed a broad client base both across corporate and government sectors. The Board is excited by the opportunities already identified that the acquisition of NetDimensions offers the Group. The Board is therefore confident in the Group's prospects and expects to report enhanced progress during 2017."

[multibagger] 04/4/2017 07:20

I agree with your observations Tarrant777. Also with a fair chunk of our revenues in USD would help the margins. I won't be surprised if we achieve a share price close to the 48-49p mark on results.

This is a very exciting high growth stage for LTG and with Brode and Satchell at the helm, I feel confident of our prospects.

Good luck all :)

[tarrant777] 03/4/2017 23:42

Strong buying demand over the last 7/8 days with volumes suggesting a mixture of Institutional and retail buyers the combination of which has pushed the share price close to all time high and the market cap to almost 1/4 billion pounds.Results due out later this week which we already know from trading statements will be strong, so suspect that we will see the share price testing new highs by the end of the week.

[microscope] 29/3/2017 19:04

Thanks megasonic, great that you've practical experience of a product, and agree with your currency sentiment.

Report was a cracking read, recommend all holders take a peek

[megasonic] 29/3/2017 16:45

Have been watching LTG for a little while now and genuinely impressed by the board just getting their head down and working towards their goals. With the NetD purchase now, it looks likely they'll achieve £50m turnover target by next year.

Microscope: I think US (and global) expansion alongside sterling weakness may bolster cashflow. As for take up, don't know enough to comment on the market but I do use gomo for my SME company and can say it is a good, useful product which is priced so that different business sizes/types can subscribe. Expectation would be LTG delivers similar level of product from other parts of the group too. Long for a long time is my sentiment too !

Here's a recent report on LTG I read, a comprehensive brief on the company:

[microscope] 29/3/2017 12:07

Results a week today. four things I'm looking for, strong 2nd half performance 2016, solid cashflow, growing 'take-up' numbers and bullish outlook.

Not a big eps fan as an indicator if I'm honest, a growing business takes care of that over time.

See no reason to worry that i won't get all four, if history is any indication with this company! Long and staying long here, hopefully for a long time :)

[jeffian] 27/3/2017 15:02

Oh dear. See post #257 and the offer document re Net Dimensions -

"8. Directors' proposed participation in the Placing

The following Directors have confirmed that they support the Placing and they have agreed to participate in the Placing and subscribe for the following number of Placing Shares:

Director

Number of Placing Shares

Value of Placing Shares at the Placing Price (£)

Total ordinary shares of LTG following Placing

Percentage of LTG's enlarged issued share capital (assuming that the Placing is fully subscribed)

Andrew Brode

2,666,666

1,000,000

115,881,671

21.25%

Harry Hill

140,000

52,500

2,168,000

0.40%

Leslie-Ann Reed

1,866,666

700,000

2,966,666

0.54%

Peter Gordon

233,333

87,500

2,233,333

0.41%

Neil Elton

46,666

17,500

206,666

0.04%

TOTAL

4,953,331

1,857,500

123,456,336

22.64%"

[tarrant777] 27/3/2017 13:22

Most unlikely to be directors buying as the company will be in a closed period for such activity in advance of imminent '16 full year result announcement.

[redartbmud] 27/3/2017 11:17

Placing result, but they have put their hands in their pockets.