Learning Technologies Share Discussion Threads

[thefartingcommie] 09/10/2018 08:22

if anything now this is out of the way.....this is a good price


great timing dont you think....in an increasingly febrile risk off climate.

look forward to being notified off your increased position;)

[molatovkid] 09/10/2018 07:10

if anything now this is out of the way.....this is a good price

[kazoom] 08/10/2018 21:40

Institutions will not have been "selling down to buy back at 130p", that would be too obviously discoverable insider trading imho. But those taken "inside" on the placing won't have been buying in the market and that together with probable rumours/leaks would have been enough to see the price come off from the 160+ we saw post the trading statement.

So effectively I see this as a placing at a c. 20% discount which is not unusual if you need to shift large volumes in a relatively illiquid stock.

Director sells like this will always have some people asking "what do they know that we don't?" but in reality I don't consider it unreasonable to convert some part of their net worth into cash spendable on the finer things in life.

All three of the selling directors retain significant "skin the game" and whenever they chose to liquidate some of their holdings it would raise the same questions. In fact these potential concerns would be magnified if they were at a time when growth appeared to be slowing.

The price is now sitting close to the rising support line formed before the recent trading statement, so unless the conspiracy theorists really lose the plot I don't see much downside risk in the near term.

[thefartingcommie] 08/10/2018 19:31

ps
from a technical point of view(take it or leave it)..sub 135 looks to be v possible and on past performance of this particular share quite likely,barring unforeseen announcements...

which we have just seen..support at 130..then 115 give or take

[fbrj] 08/10/2018 17:36

I wonder how many institutions have been selling down to buy back at 130p?

Slightly curiously worded intro to RNS:

"Following calls with a limited number of institutional investors, Learning Technologies Group plc (the "Company") has been informed......"

I've been selling down over the last 2 weeks (45% of my holding at 146p average)..... probably will prove to be the wrong decision!

[xajorkith] 08/10/2018 17:34

Clearly not the best timing on my part but doesn’t change my longer term reasons for buying.

Encouraged at least to see IIs buying at such a small discount to the current share price

[volsung] 08/10/2018 17:01

Sold the lot before that RNS fortuitously. Placings seem to be the name of the game in the last couple of weeks. Had them in RED, VRS, BUR and a couple of others I can't recall.

[phillis] 08/10/2018 16:58

indeed
we should follow their example

[thefartingcommie] 08/10/2018 16:57

from a technical point of view(take it or leave it)..sub 135 looks to be v possible and on past performance of this particular share quite likely,barring unforeseen announcements


oh dear...



8 October 2018



Placing of Secondary Shares in Learning Technologies Group plc



Following calls with a limited number of institutional investors, Learning Technologies Group plc (the "Company") has been informed that Jonathan Satchell, Annabel Carol Lea and Tim Martin (together, the "Sellers") are selling in aggregate 31,309,353 ordinary shares in the share capital of the Company at a price of 130 pence per share (the "Placing").

[xajorkith] 08/10/2018 16:22

Might be premature given the general market mood, but have bought in here today.

Has been on my watchlist for a while but wanted to see some significant upgrades in eps before taking the plunge.

Highly rated but ticks all the boxes for me & expect further upgrades on continued growth, margin improvement & eps enhancing acquisitions.

[mfhmfh] 08/10/2018 12:03

Peel Hunt today reiterates 180p target price.

[thefartingcommie] 04/10/2018 07:05

agree with all that..


from a technical point of view(take it or leave it)..sub 135 looks to be v possible and on past performance of this particular share quite likely,barring unforeseen announcements.

[megasonic] 02/10/2018 20:37

As for today's share price drop ...

Unfortunately kazoom, there are enough traders/investors out there who listen to broker notes so my guess is that a fair bit of today's drop can be attributed to the "downgrade" from Peel Hunt. Personally I don't base my trades on any information from broker's for the obvious and oft-mentioned reason that broker's have their own agendas.

That said, Peel Hunt are targeting 180p while Berenberg are at 190p. So for those who do follow broker's notes, at the current 150p share price there is a minimum 20% upside to LTG.

Leaving broker's aside though ... LTG looks to be progressing well and in the right direction, ie into a lucrative corporate market which lacks a clear market leader. And this is exactly what BoD are targeting: becoming the market leader in its industry. So far they have demonstrated the right strategy and application which gives me confidence in the company's future.

[megasonic] 02/10/2018 20:12

Rampmeister: thanks, I try to keep a balanced opinion of all my investment, that includes being critical when things are on the up as well as being patient in the opposite situation. In relation to forecasting a 40% drop in PF revenue, yes you are right that I have overcooked that but ... I do feel it is better to consider lowest forecast so we have an understanding of what worst case scenario might be. In summary, I would say that there will be a drop in PF revenue in the short term, but that is outweighed by even reduced PF revenues doubling LTG's recurring revenue stream. I recall reading in one of the LTG publications that management themselves expect the new expanded group to be generating revenues of £137m. As we have learned, BoD does underpromise and overdeliver, so with that in mind is every reason to believe that revenues for FY 2018 will be significantly above £137m.

Looking further into the future Ramp, yes indeed ... how exciting is it to be reading that statement: "confidence that full year profits will be significantly ahead of the Board's expectation"
I cannot recall such an absolute, non-conditional, bullish statement from LTG before. I'm glad to see that I was not the only one whose attention that caught.

For those who have been tracking/investing LTG, we know that interim results were excellent. And we also know there's plenty more to come at full year and beyond.

[aimingupward2] 02/10/2018 17:48

What could be very interesting and encouraging is whatever statement accompanies the Capital Markets Day on Nov' 15th. Not so long to wait and the company will have an even clearer idea by then of it's prospects following the settling in of PeopleFluent.

[kazoom] 02/10/2018 09:58

I think the point is they have reduced their advice from 'buy' to 'add', understandable perhaps as the price has risen. 'add' is still a positive rating anyway.

Not sure how far the market really responds to these ratings, but it could be a reason for the small drop.

[multibagger] 02/10/2018 09:57

Many thanks fbrj - much appreciated !

[compnews1] 02/10/2018 09:52

Peter Hunt reinterated on 5th and 26th Sept at 140p. Today PH add 180p, ie up so where is the downgrade from this? Is there a typo mistake ?

[volsung] 02/10/2018 09:41

Looks like a buying dip for me. Took another slice

[fbrj] 02/10/2018 09:32

This probably explains today's price action:

2nd October 2018 08:00 | Learning Technologies Group

Peel Hunt today downgrades its investment rating on Learning Technologies Group (LON:LTG) to add (from buy) and set its price target at 180p.

[fbrj] 02/10/2018 09:23

multi - re your 773, I've sent you a PM

[aimingupward2] 29/9/2018 20:50

Ah, that makes some sense then. Thank you Linhur.

[linhur] 29/9/2018 16:29

I think the PF lower revenue is expected because the previous CEO went into a new area which had not taken off. LTG identified it as a weak area to be attacked after takeover with considerable savings to be achieved.

[aimingupward2] 29/9/2018 12:56

Yes, I know. I’m just asking why revenues would be expected to reduce.