Learning Technologies Share Discussion Threads

[toffeeman] 21/5/2019 16:01

Gotta get above 100 and hold

[leadersoffice] 21/5/2019 15:53

Nice movement

[aimingupward2] 07/5/2019 08:15

A lot of early buying this morning, presumably in response to the Questor article.

[leadersoffice] 07/5/2019 08:15

Could anyone please post the article from the questor column in the telegraph on LTG? Thanks in advance

[beernance] 07/5/2019 05:48

Whatever happened to that mysterious short report that drove the price down so much recently. Has it just as mysteriously gone away?

[aimingupward2] 05/5/2019 15:52

That’s nice to see and it’s quite prominent, covering a third of a page. Should encourage a few buyers in.

[ragehammer] 05/5/2019 12:08

Tipped in the Questor column of the Sunday Telegraph

[studentinvestor13] 05/5/2019 12:04

I bought a position here on Friday. Trend turning and seems a decent company

[semper vigilans] 05/5/2019 12:03

Sunday Telegraph rate them.

[aimingupward2] 02/5/2019 11:44

Well, not just yet. Need to be patient. However, patience will be rewarded, I feel sure.

[leadersoffice] 02/5/2019 11:32

I'll have that thank you very much

[aimingupward2] 02/5/2019 08:42

Peel Hunt reiterate their target price of 150p

[mad foetus] 30/4/2019 12:00

Looking good now

[leadersoffice] 29/4/2019 13:51

Every tick up makes the medicine go down I'm living it loving it

[phillis] 26/4/2019 10:40

Jeff
Dont disagree
Cash generation of £20m helps pay down debt and is useful in helping the next acquisition
The fact remains that LTG has never produced real eps approaching 0.75p

I think (so far) RWS is a much different kettle of fish
It is my largest family holding ( albeit a little smaller than it used to be )
I got in when Julian Cooke at Gartmore was dumping a holding at about 50p (250p old money)so i have been in a fair time

RWS has an excellent geographic and product spread, extremely robust intellectual and technology properties
Not inclined to add to my reduced LTG holding yet

[mad foetus] 26/4/2019 09:44

Phillis,I don't understand your post about selling at 130p. It surely has absolutely no bearing on whether LTG is a buy now.

[jeffian] 25/4/2019 18:03

Phillis,

I'm absolutely with you about cash generation - however you fiddle with the accounts to show 'profit', you can't hide cash; it's either there or it's not. There are companies where the 'exceptional' costs deducted to produce an enhanced 'adjusted profit' are nothing of the sort and you are right to be sceptical but I am pretty sure that is not the case here. I bought into this company as a read-across from Brode's other company, RWS, which has been very successful at achieving growth by acquisition whilst generating sufficient cash to pay down the acquisition costs quickly, and I'm hoping he pulls off the same trick here. If you look at LTG's last accounts, by far the biggest 'adjustment' was the non-cash amortisation of intangible value, which is prudent, and the second biggest is the deferred consideration and earn-outs from earlier acquisitions (so by their nature, non-recurring) without which it generated c.£20m cash (up from c£11m the prior year), so in this case I think the adjustments are clear and justifiable and cash is being generated.

[phillis] 25/4/2019 17:39

Well I am a mug selling at around 130p

[mfhmfh] 25/4/2019 16:30

Peel Hunt today reiterates buy rating and 150p target price.

[phillis] 25/4/2019 16:17

The game is about lots of things but when all said and done real eps and cash generation therefrom is what counts

[microscope] 25/4/2019 13:01

If this game was only about eps it'd be much simpler... :)

[phillis] 25/4/2019 11:51

Real eps ( I.e. Non adjusted) of 3.5 - 4p

[jeffian] 25/4/2019 10:11

I'd have said they're there or thereabouts, Phillis. A historic PER of 25x and capitalisation <20x EBIT for a company which has shown sustained compound annual earnings growth of 48%/year looks OK to me. How much EBIT do you think they need to support the current price?

[phillis] 25/4/2019 09:31

How much EBIT does the Company need to produce to support the current price

When they reach that level it will be appropriate to judge their competence

[mad foetus] 25/4/2019 09:21

At the moment is seems to be going up. That huge volume down candle really seems to have marked the change in trend