Learning Technologies Share Discussion Threads

[rampmeister] 25/9/2018 13:51

Think you need to calm down a bit Phillis. Certainly my post was not aimed at you or anybody else in particular. Just think that impact of PF acquisition not fully appreciated by some, that's all. I don't always blindly follow Directors spin but happen to believe in LTG BOD and what they are looking to achieve. Am also a holder in RWS btw.

RM

[thefartingcommie] 25/9/2018 13:40

LOL

are we waving 'willies'now..?(metaphorically speaking of course;0..)

[phillis] 25/9/2018 13:32

Ramp
Meaning me?
I top sliced before the results but still speak for 105k of these
I speak a couple of times a year to Andrew Brode but I dont - like you - always accept the Directors' spin at face value

With a business in such acquisitive mode perhaps you could focus a bit on the actual real profit being made?
PS Have been invested for over 10 years in RWS

[thefartingcommie] 25/9/2018 13:30

ps..what do sensible people expect in terms of % rise in share price/per day?

..it does make me laugh........the level of unrealistic/absurd expectation sometimes expressed on these boards;)

[thefartingcommie] 25/9/2018 13:28

my thoughts exactly

[rampmeister] 25/9/2018 13:17

Not sure people especially newbies full appreciate the contribution that Peoplefluent brings to the party. For me the news re Peoplefluent was the standout in today's announcement.

At the time of acquisition, PF was bringing in higher revenues than the rest of LTG but with margins hovering just above single digits. As per IC buy rec today
points out, LTG expectations of raising margin to 20% has now been revised to 25% for the PF business hence the significantly ahead FY guidance.

As per WebFG, the board said its business model was continuing to support “robust” margin progression, adding that it experienced “strong” cash generation during the half-year, with “significant” funding capacity for further acquisitions.

Penny seems to be dropping now with share price rising to 143p.

RM

[phillis] 25/9/2018 13:13

15 million shares traded and only just ticking up

[thefartingcommie] 25/9/2018 13:13

bit of a struggle to shake loose from 140p

pls explain ;)

[phillis] 25/9/2018 12:42

bit of a struggle to shake loose from 140p

Basic eps 0.221p ( full year 1917 0.235p )
Discuss

[microscope] 25/9/2018 10:52

Thanks megasonic. I wonder if we will see another wave of buying from across the pond when the US wakes up later...

[mfhmfh] 25/9/2018 10:34

Numis today reiterates buy rating with 165p target price (previously 132p).

[megasonic] 25/9/2018 10:23

I haven't had a chance to go through the results thoroughly so I won't publish an uninformed opinion. But, some initial thoughts ...I did previously feel Results were going to be solid which they are, so I will maintain my earlier forecast that share price will go to 145-155 region over the next few weeks. (Apparently new broker forecast also out this morning with a 160 target?)It does looks like LTG are building a solid, long term growth business here and I'm really pleased with my investment. it's great to see so many other positive views from fellow investors too. well done to all who've seen returns here.Microscope: I believe LTG will reach £1 billion market cap with an share price of 150.5 pence.

[microscope] 25/9/2018 09:36

Under-promise, over-deliver, as someone said - it's the LTG way!

This time though they really are promising with the 'significantly ahead of management expectations' second half forecast. They must now be supremely confident! I think it was somewhere close to £1.60 to become a billion pound company, (from memory only), that's the next landmark. And i expect them to achieve it comfortably by fy results.

LTG is the perfect reminder to many on advfn, across all boards, that 'instant gratification' trading is not the only game in town!

[drsamwaa] 25/9/2018 09:04

I love this share thang.... when it goes my way!

[phillis] 25/9/2018 09:02

As I said: wrong so far
Hands up
Looked toppy but recovered strongly on this bullish statement
Top sliced at 129/130
Heyho

[thefartingcommie] 25/9/2018 08:27

Phillis
13 Sep '18 - 16:12 - 725 of 747
0 0 0
but will fall back at results time

ooops...lol;)

[boros10] 25/9/2018 08:25

Good timing. Well done

[jeffian] 25/9/2018 08:16

Errr...see #729/731.

;-)

[phillis] 25/9/2018 08:08

Wrong so far!

[multibagger] 25/9/2018 07:46

Amazing results - looks like we could add another 5-6p today atleast (conservative estimate) !

[tarrant777] 25/9/2018 07:44

Target price increases this morning.Numis to 160p. Berenberg to 190p.

[longshanks] 25/9/2018 07:32

The astonishing onward progress of this remarkable company continues.

[multibagger] 25/9/2018 07:11

For the record...
Half-year Report
RNS
RNS Number : 7831B
Learning Technologies Group PLC
25 September 2018

Learning Technologies Group plc

HALF YEAR RESULTS 2018


Learning Technologies Group plc ("LTG" or the "Company"), the leading integrated learning and talent software and services provider, is pleased to announce its half year results for the six months ended 30 June 2018.

Key Financial highlights

· Revenues up 60% to £33.8m
· Organic revenues up 10% on a constant currency basis (excluding CSL)
· Strong EBIT margin performance; 26.3% (H1 2017: 17.8%)
· Adjusted diluted EPS increased by 140% to 1.122p (H1 2017: 0.468p)
· Business model continuing to support robust margin progression
· Strong cash generation with significant funding capacity for further acquisitions
· Interim dividend of 0.15p; a 67% increase on 2017

Strategic highlights

· Significant expansion in recurring software revenues via transformational PeopleFluent acquisition
· Strong recurring revenue growth, c70% on a pro forma basis; H1 2018: 51% (H1 2017: 37%)
· Integration of PeopleFluent ahead of expectations and adds talent capability and US reach
· Increased revenue diversity with majority now generated outside the UK
· Active pipeline of attractive acquisition opportunities

Outlook
· Full year profit will be significantly ahead of the Board's expectations based on the upgraded PeopleFluent EBIT margin
· High recurring revenue provides good visibility into 2019
· Healthy order book and strong margins provide further confidence

Commenting, Jonathan Satchell, CEO of LTG, said:
"The first half of 2018 has been pivotal for LTG with the PeopleFluent acquisition confirming our shift towards recurring software revenues, and significantly increasing our US presence. Together with NetDimensions, PeopleFluent demonstrates our ability to successfully integrate businesses and drive growth and margin progression through operating model improvements.

Alongside our track record of delivering organic growth and substantial margin improvements, LTG has a strong balance sheet and acquisition pipeline, and is well placed to continue its strategy of consolidating the high growth corporate e-learning market. A robust performance from our core business and the successful integration of PeopleFluent underpins our confidence that full year profit will be significantly ahead of the Board's expectations."

Financial summary


H1 2018
H1 2017
change
Revenue
£33.8m
£21.1m
+60%
Recurring Revenue %
51%
37%

Revenues Outside UK %
59%
45%

Adjusted EBIT
£8.9m
£3.8m
+137%
Adjusted EBIT margin
26.3%
17.8%

Statutory PBT
£1.3m
(£2.3m)

Adj. Diluted EPS
1.122p
0.468p
+140%
Interim Dividend per share
0.15p
0.09p
+67%
Net Debt
(£15.7m)
(£6.1m)
-159%


Operational highlights

Software & Platforms - 51% of Group revenues (H1 2017: 40%)
· NetDimensions returned to organic growth at a substantially lower cost base; renewal rate in excess of 100% in H1 2018, plus new sales wins 500% higher than H1 2017
· Integration of PeopleFluent acquisition ahead of expectations; the Board now expects the EBIT margin of PeopleFluent to be at least 25% in 2019
· Merging NetDimensions and PeopleFluent's talent software businesses - substantial benefits to be gained from leadership, operational and revenue synergies
· Rustici and gomo continue to show strong organic growth

Content & Services - 49% of Group revenues (H1 2017: 60%)
· In-line performance despite tough prior year comparators in LEO and Preloaded
· CSL project revenues completed in H1 2018 as anticipated
· Margin progression from 9% in H1 2017 to 18% in H1 2018

Analyst and investor presentation

LTG will host an analyst and investor presentation at 9 a.m. today, Tuesday 25 September 2018, at the offices of Numis.

Capital Markets Day

LTG expects to host a Capital Markets Day for analysts and investors on Thursday 15 November 2018.

[douglas fir] 25/9/2018 07:08

Key Financial highlights



· Revenues up 60% to £33.8m

· Organic revenues up 10% on a constant currency basis (excluding CSL)

· Strong EBIT margin performance; 26.3% (H1 2017: 17.8%)

· Adjusted diluted EPS increased by 140% to 1.122p (H1 2017: 0.468p)

· Business model continuing to support robust margin progression

· Strong cash generation with significant funding capacity for further acquisitions

· Interim dividend of 0.15p; a 67% increase on 2017

Commenting, Jonathan Satchell, CEO of LTG, said:

"The first half of 2018 has been pivotal for LTG with the PeopleFluent acquisition confirming our shift towards recurring software revenues, and significantly increasing our US presence. Together with NetDimensions, PeopleFluent demonstrates our ability to successfully integrate businesses and drive growth and margin progression through operating model improvements.



Alongside our track record of delivering organic growth and substantial margin improvements, LTG has a strong balance sheet and acquisition pipeline, and is well placed to continue its strategy of consolidating the high growth corporate e-learning market. A robust performance from our core business and the successful integration of PeopleFluent underpins our confidence that full year profit will be significantly ahead of the Board's expectations."

[volsung] 21/9/2018 14:58

Doubled my stake in these. Going nicely