Learning Technologies Share Discussion Threads

[nfs] 21/7/2017 11:48

What is the eps forecast for this year please?

[multibagger] 21/7/2017 09:50

No idea without looking back at any RNSs from that time - but Andrew Brode and Jonathan Satchell used to hold about 56% of the company....but I vaguely recall some mention of Institutional demand for the shares ?

Either way, I am more than happy to hold. The track record of these two and in particular AB is stellar :)

[melody9999] 21/7/2017 08:37

Looks interesting. So why did the Directors cash in so many share options at 41.5p in June as they mush have known results were going to be good?

[multibagger] 21/7/2017 08:12

We have hit 50p...let's see if it will hold today. If there is any mainstream newspaper coverage we will hit 55p in short order - there is not much floating stock :)

Good luck all !

[redartbmud] 21/7/2017 07:37

The trading update contains many positives. It looks like the management have a firm handle on the tiller and the company is sailing in the right direction.

[tarrant777] 21/7/2017 07:25

Agree, particularly as Numis had a target price on the stock of 60p even before this update and will surely repeat their strong buy recommendation?

[multibagger] 21/7/2017 07:19

On the back of this excellent trading update, I guess we could be in the 50p+ share price range either today or early next week, depending on weekend media coverage....

Good luck all !

[multibagger] 21/7/2017 07:05

Phenomenal trading update !


RNS Number : 6897L
Learning Technologies Group PLC
21 July 2017

Trading Update

Learning Technologies Group plc ("LTG" or "the Group"), the leading integrated e-learning services and technologies provider, is pleased to announce the following update for the half year ending 30 June 2017.

The Board is pleased to report that LTG has made excellent progress over the period delivering on its strategic ambition of building an international business with annualised revenues in excess of £50 million and strong operating margins. The Board expects the Group to achieve record revenues of not less than £20.8 million for the first half compared to £12.8 million in the first half of 2016, an increase of 62.5%.

On 20 March 2017, LTG declared its offer for NetDimensions (Holdings) Limited ("NetDimensions"), the integrated enterprise talent management software platform provider, unconditional in all respects. NetDimensions' proprietary LMS platform enhances the range and scope of LTG's services across the globe, whilst complementing our existing portfolio of businesses and further accelerating growth.

The Board is pleased to report that the integration of NetDimensions into the Group has been successfully completed on time. The transformation program will continue during the second half of 2017, with the full-year synergies and settled cost base being realised from the beginning of 2018 as planned. NetDimensions' customer support teams have been relocated to the geographical territories that they serve, hosting services are being migrated to our centre of excellence in Nashville, and we are investing in our core technology team headquartered in Hong Kong. We have hired a new Global Head of Sales, and we are investing in the development of NetDimensions' reseller network, as well as leveraging Group central services such as marketing, HR and IT support.

The strategic progress in the first half of the year has been underpinned by strong organic growth in LTG's other businesses and our period end order book is at record levels, demonstrating excellent momentum as we enter the traditionally stronger second half.

LEO, the Group's comprehensive solutions provider, has achieved 50% growth in sales compared with the first half of 2016 and built a strong sales pipeline for the second half of the year. The Civil Service Learning contract, being delivered alongside our strategic partner KPMG UK LLP, is progressing well and in line with expectations.

Preloaded, our 'games with purpose' division has performed very well, delivering a prestigious VR learning simulation for the Science Museum and Eukleia is seeing an increase in demand with the introduction of MiFID II regulations.

Our software licence businesses are performing strongly; gomo has won a number of key enterprise contracts with its industry leading cloud-based multi-device authoring tool whilst Rustici has continued to expand its recurring licence business at a pace beyond our expectations.

Together with NetDimensions, the Group continues to build recurring revenues and to diversify our business outside of the UK market.

LTG continues to drive strong operating cash flows. At 30 June 2017 gross cash was £11.5 million (31 December 2016: £5.3 million) and net debt was £6.1 million (31 December 2016: £8.5 million). After adjusting for funds due to remaining NetDimensions' shareholders and net payments due as a result of the exercise of share options just prior to the end of the period, adjusted net debt was £9.8 million at 30 June 2017.

The Group's Interim results will be announced on 18 September 2017.

Andrew Brode, Chairman of LTG, said:
"LTG continues to make excellent progress as the market leader in the high growth and dynamic e-learning sector. Our acquisitions, including most recently NetDimensions, have all been integrated to plan as we build out our full-service learning technology offer. This strategic progress has been accompanied by strong underlying organic growth as we harness and integrate these technologies to deliver improved outcomes for our clients. As a result of the momentum in the business, the Board looks forward to the second half and beyond with confidence."

[tarrant777] 24/6/2017 11:44

Sorry, I don't have direct access to the Cannacord report.Anybody able to help as it's definitely a really good read.Over 22m shares traded yesterday so someone liked it too!

[multibagger] 23/6/2017 07:24

Good morning and thanks Tarrant777...as I would love to lose this particular wager !!

Any chance you could kindly post a link to the Canaccord research note ? TIA

[tarrant777] 23/6/2017 00:31

Shares appear to be trading all over the place in the last 2 days between 43 and 50p with the "real" mid price, anyone's guess.However I remain bullish that I will be winning my year end share price punt against Mr Multibagger!

[tarrant777] 23/6/2017 00:27

Very strong and comprehensive buy recommendation published yesterday by Cannacord with an initial target price for the shares of 54p.

[woodcutter] 22/6/2017 10:44

sold my small holding here today, the chart now looks weak. The bounce down from trendline resistance looks likely. Will come back when we begin to get meaningful earnings results.

Still have a substantial holding in RWS and bought here on the back of Brode.


On my watch list now.


woody

[multibagger] 21/6/2017 20:45

Andrew Brode is one of my major reasons to invest in LTG...he knows the sector and business very well. JS and he control about 56% of the coming when I last checked....great confidence that.

Also with a lot of revenue in USD, there will be benefit for us I imagine. I accept that our debt is also denominated in USD so some cross hedging in forex volatility.

LTG is a decent sized hold for me both inside and outside ISA.

Good luck all :)

[jeffian] 21/6/2017 18:33

I just said that!

[linhur] 21/6/2017 17:42

Might be to do with the sister company RWS producing good interim results and integrating acquisitions well

[jeffian] 21/6/2017 17:30

I don't know but I wondered if it was a read-across from yesterday's good results by RWS (the "Brode magic" and all that!).

[martinthebrave] 21/6/2017 16:26

Not complaining but anyone know the reason behind todays rise?

[multibagger] 26/5/2017 21:45

Hi Tarrant777,

Maybe inching upwards towards our wager figures of

63-65p (mine) midprice by 31.12.2017
or
77p (yours)

May the higher share price man win ;)

Good luck all !

[tarrant777] 26/5/2017 17:11

Good to see plenty of buyers back at over 50p today after a pull back from all time highs as some people took some profits off the table.Agree with the previous comment that circa £300m for LTG today looks a bit toppy, but remain confident in this Chairman (who's other major holding -RWS went over a $1bn valuation today) and management team to continue to successfully integrate recent acquisitions and drive substantial future value for patient holders-of which I'm definitely one!

[j777j] 26/4/2017 08:39

£298 million market cap looks toppy to me.

[jeffian] 25/4/2017 17:16

And holding onto it too!

[multibagger] 24/4/2017 08:34

Another sharp move, albeit small on the back of the Midas column tip ?

Good luck all :)

[tarrant777] 23/4/2017 10:01

Good article in the Midas column of the Mail on Sunday today encouraging existing shareholders to hold and new ones to buy.

[microscope] 16/4/2017 19:01

At 50p I couldn't quibble with anyone banking a few profits, given the stellar market cap and recent surge, now. Put this up about 34p as my share for 2017 (shameless pluggery :)) so not far off a 50% gain already However the market is not wrong in recognizing the remarkable growth story we have here unfolding. For the patient, this looks a one way ticket higher in the long run as the numbers start to kick in.Brode's comment about the acquisition previous to NetB bring 'transformational' in 2017 excites enough and now this one could bring similar comments in the years ahead.I'd settle for 60p year end and for those prepared to play the long game, (I hope to if personal finances permit) three figures by the time 2020 comes round.