Learning Technologies Share Discussion Threads

[ygor705] 15/2/2021 09:29

Steady acquisition progress here. Am expecting the share price to test £2 in the not-to-distant future if the market as a whole remains solid.

[aimingupward2] 15/2/2021 09:19

Another acquisition this morning, this time more substantial at $50m.

“The acquisition of Bridge significantly extends LTG's mid-enterprise learning and talent offering. Bridge is highly complementary to PeopleFluent, which serves the large enterprise market, and BreezyHR, which serves the small and medium-sized business market. The acquisition is strategically important because it enables LTG to provide a holistic learning and talent development offering to meet the needs of small, mid-size and large enterprises, three distinct groups with varying requirements. The combination and integration of Bridge with LTG's other portfolio offerings, including the recently acquired Reflektive engagement and analytics platform, will create opportunities for cross-sell and upsell-led growth within the Group.”

Seems to be well received by the market.

[jeffian] 08/2/2021 16:08

Sorry, it was just a reaction to the wokeness of the modern world. I'm thinking of setting up a statue-removal company and one to sell single knee-pads.

[aimingupward2] 08/2/2021 15:44

Apparently you can, jeffian. PDT already has and they're only just getting started.

[jeffian] 08/2/2021 15:13

I'm sorry to sound like the old fuddy-duddy that I am, but you can really build a £multi-million business round "Diversity & Inclusion training solutions"? I thought the TV show W1A was a satire. Clearly not.

I'll get back in me box.

[phillis] 08/2/2021 13:22

RWS acquired big meaningful companies that made a big difference
It takes effort to bed this tiddlers in

[aimingupward2] 08/2/2021 12:52

Another good acquisition:

Learning Technologies Group plc “has acquired UK-based PDT Global ('The People Development Team'), a leading provider of online Diversity and Inclusion (D&I) training solutions, for an initial cash consideration of GBP13.2 million.

PDT Global's founders and majority shareholders .... will join the leadership team of Affirmity, LTG's existing D&I business. The integration of PDT Global dramatically expands Affirmity's global reach and capabilities within the high-growth D&I training and consulting sector.

PDT Global delivered unaudited revenue of c.GBP4.8 million in FY20 and EBIT of c.GBP2.0 million. The combination with LTG's Affirmity business is compelling and we expect PDT Global to continue its fast growth within LTG.”

The acquisition “was funded from LTG's cash resources and is expected to be immediately earnings accretive.”

[megasonic] 01/2/2021 09:58

Good recent article on LTG. Covers topics including recent acquisitions and Royal Navy contract:https://www.simpvestor.com/plcs-news/2021/1/27/ltg-plc-digital-learning-in-the-pandemic-era

[energeticbacker] 25/1/2021 10:28

Look out for more acquisitions, although Investor's Champion is a little wary that these may mask the sort of organic growth a business carrying its high rating should be delivering.

Check Investor's Champion's latest Blog: Online platforms have proven themselves over a testing period and should continue to do well as the move online accelerates. #koo #ltg #sge #zyt

[leadersoffice] 22/1/2021 17:08

What a rise... excellent

[megasonic] 22/1/2021 12:15

Excellent trading update this morning. Strong revenues and EBITDA, robust cash position - all positive. The need for digital education is surely only going grow.CEO Jonathan Satchell:"Amid the disruption of the past year, 2020 also saw an acceleration of structural trends towards digital learning and talent management. This underpins the Board's confidence in the Group's near-term and long-term prospects ..."I have been in LTG since 2017 and my holding has been fully derisked since 2018. The principle reason I've continued to hold for so long is I've seen Satchell continually under-promise and over-deliver. This particular trait gives me confidence the Board is competent and trustworthy.

[aimingupward2] 22/1/2021 09:41

Berenberg raise their tp from 200 to 230p - BUY.

[aimingupward2] 22/1/2021 08:39

This morning’s trading statement has been well received by the mkt. Key point is

“The Group's net cash position at 31 December 2020 of GBP70.2 million was significantly ahead of consensus of GBP59.6 million, driven by strong operating cash conversion and additional net cash balances of GBP1.6 million from the acquisitions of eCreators and eThink.

This robust capital position will enable the Group to continue its track record of acquisitions that add to LTG's capabilities in the market” ........”LTG is actively pursuing a near term pipeline of attractive opportunities to deliver further organic and inorganic growth across both Software & Platforms and Content & Services, helping to achieve our strategic goal of run-rate revenues of GBP230 million and run-rate Adjusted EBIT of GBP66 million by the end of 2022.”

[aimingupward2] 20/1/2021 14:45

Yes. I agree. It looks good and LTG can pretty reliably be expected to benefit from the modest outlay,

[alphabeta4] 20/1/2021 08:22

Interesting acquisition, if they get it right the software division EBIT margins alluded to were 31.5% so with rev of £10.4m would mean PE 3.5 paid and worth 8% on the forward eps. Depends on execution, did pretty well with PeopleFluent?

[toffeeman] 19/1/2021 16:56

Its 'associate' RWS is looking like a buy at 500, I have bought and sold that as well.

[the runt] 19/1/2021 16:24

Sounds like sound strategy @toffeeman - I tried trading this one, and never quite got it right. Good luck. Plan to stick with it come what may (at least until results).

[toffeeman] 19/1/2021 16:09

I sold today content with 25% return (phil got it right! I would have made 40% if I'd sold at 180, like s/he said)

I will look to buy back at 120-140

[petewy] 19/1/2021 14:41

Thanks Cord

[cordwainer] 19/1/2021 12:07

To buy in here, you need to assume that LTG will remain industry leading with perpetual international growth. Trading the nearer term visible fundamentals might never quite stack up for value or 'garp' investors. If this theme stays in favour its not liable to come 'cheap'. As such, today's 80 times forecast 2023 earnings might be as good as it gets -
on the other hand, its current high rating certainly appears to be more than double that of the average UK software industry, without being certain that's an appropriate read-across.

[petewy] 18/1/2021 16:28

300,000 shares bought in the last hour. Could stop the fall.

[tarrant777] 31/12/2020 20:27

Encore. Long live LTG!

[aimingupward2] 31/12/2020 18:54

Final thought of the year :

Neither teaching, learning nor technology will do anything other than grow in their importance in the years ahead, which is more than you can confidently say about many other spheres of activity.

[phillis] 31/12/2020 07:38

Tx
Same to you