Learning Technologies Share Discussion Threads

[cyberian] 27/1/2024 19:58

hi hazi...not sure why someone is negative on our posts. Perhaps they would like to make a contribution?

[hazl] 27/1/2024 13:32

Thank you for your thoughts.
As ever we are affected by the general outlook and over view of the stock market.
That I think is changing for these smaller companies.
There are articles that I don't have to hand, citing great opportunities in the UK smaller companies...I think it was FT.
Could be wrong.
Some suggesting the US was fully valued and again that there are takeover opportunities in the UK.
The point I am making is that is often not just about the company themselves

The market liked us on Friday!

[cyberian] 27/1/2024 13:22

Hazi and 12badger. First I listened to our CEO Jonathon Satchell interview link provided by hazi and as always impressed with Satchell. He comes across in a very genuine way with no obvious hype instead he said that he wanted to wait and see what 1Q brings before making any solid forecasts, however, at the end he did indicate that there would be no revenue growth this year. I was a little disturbed by this comment but I think that he was just being overly cautious. Revenues in 2023 were down slightly so my own feeling is that we need to wait for later updates and the hint of growth in revenues in 2025 as previously stated. This may disappoint some on here but the 3 positives connected to strong cash revenue growth is that with financial de-leveraging, they may decide to lower borrowings further, make some selective acquisitions, or execute a share buy back. I would personally pump for the first two although tempted with the latter. Acquisitions may offer better sight of helping growth, and Satchell has stated that the prices of companies potentially available for purchase has become more realistic. Here I agree with 12 badger that further cross selling and lowering costs is the better way forward. I remain confident in the future of this company as one can see from my earlier posts when there was a complete absence of BB comment. At least we now have some meat on the table and I am really looking forward to what Satchell has to say along with the full year update in April.

[netcurtains] 27/1/2024 10:52

...and I thought I was going to get a "welcome on board" post.... 😃

I do like to invest in education so hope it works. (My biggest holding is Pearson - PSON) so hope this works as well..

[12badger] 27/1/2024 10:09

The lack of any organic growth is deeply problematic. If the LTG proposition is truly compelling to clients, they should be winning market share. I get that the macro environment is not great, but neither is it terrible, particularly in the US. Given the scale of the addressable market and the CAGR of the digital education sector LTG should be doing much better. The management team are great at margin improvement, but I worry about the vision and how it’s communicated to clients. There should be amazing cross selling opportunities and the appeal of the wide capabilities of the group should be obvious. We need LTG to grow not just make small incremental gains in margin.

[netcurtains] 26/1/2024 16:29

I bought in on the back of the trading update.

It looks reasonable.

On-line education of all kinds - corporate or personal is the future of education....

[hazl] 26/1/2024 13:40

I see this is coming up .

Here we have the speakers.

[yump] 26/1/2024 11:40

I wasn’t expecting that you would be able to explain, as evidenced by your cut and pastes and I’m not sure you really know what they do.

I’m sure someone else can explain.

Is it just a consultancy marketed with a new angle that makes existing things sound more complex than they are ? Like talent management, which is just a part of HR.

Fair enough if thats what they’ve done. Plenty of revenue available from big organisations for that sort of consultancy.

The previous share price explosion and rating says to me that it was viewed as a “new thing” for a while.

I’d like to know if it is, or if its kings new clothes consultancy.

[hazl] 26/1/2024 11:27

The fact that they have brought in enough earnings, to cover so much of their debt, tells me that others value them.

I know you from old so I will leave you to get bored and move on.



The market likes us for good reason.
The customers like us.


IMO

[yump] 26/1/2024 11:21

Its not complicated at all. Its just vague. As I said, I read all that and was none the wiser. I’m sure what they do in practice is not complicated.

I’ve used H&S compliance training. I’ve sent employees on appropriate training courses for their current and future needs in the business. So where do they actually say what they do or what their methods have achieved.

The first paragraph doesn’t tell you what they actually do - its waffle - it could include anything.

Where are the case studies and examples of something actually being done ?

What is talent technology ? What is talent transformation ?

“The Fosway 9-Grid™ provides a unique assessment of the principal learning and talent supply options available to organisations in EMEA”

???

WTF does that mean ?

I won’t be buying just because they’ve got clients and won awards.

[hazl] 26/1/2024 11:03

'About GP Strategies
GP Strategies Corporation, part of Learning Technologies Group, is one of the world’s leading talent transformation providers. By delivering award-winning learning and development solutions, we help organisations transform through their people and achieve meaningful change. GP Strategies has delivered our innovative consulting, learning services and talent technology solutions to over 6,000 organisations globally. Learn more at gpstrategies.com.

About Learning Technologies Group
Learning Technologies Group is a leader in the high-growth workplace learning and talent industry. The Group offers end-to-end learning and talent management solutions ranging from strategic consultancy, through a range of content and platform solutions to analytical insights that help customers transform through their people.

LTG is listed on the London Stock Exchange Alternative Investment Market (LTG.L) and headquartered in London. The Group has offices in Europe, the United States, Asia-Pacific and South America.

LTG’s businesses, including GP Strategies, Effective People, PRELOADED, Rustici Software, Watershed, Open LMS, Bridge, PeopleFluent, Affirmity and VectorVMS, are at the forefront of innovation and best-practice in the learning technology and talent management sectors, and have received numerous awards for their exceptional performance. Our portfolio of brands represents the best of breed and they are acknowledged throughout the industry as market leaders.

For more, visit ltgplc.com.

About the Fosway 9-Grid™
Fosway Group is Europe’s #1 HR industry analyst. The Fosway 9-Grid™ provides a unique assessment of the principal learning and talent supply options available to organisations in EMEA. The analysis is based on extensive independent research and insights from Fosway’s Corporate Research Network of over 150 organisations, including BP, HSBC, PwC, RBS, Sanofi, Shell and Vodafone.'

from ltgplc.com

[hazl] 26/1/2024 10:56

I agree it's complicated yump.

However everything you need to know is here.


It is a fast changing world that affects everything in the human sphere and only those companies which keep up with it are likely to succeed.

Nothing wrong with acquisitions if you see a money maker and though they paid a lot for it at the time, it seems their judgement was correct .
Generally this will help,too.


imo

[yump] 26/1/2024 10:02

Or…

“We deliver tailor-made learning technology for use across your whole business. Anything from basic skills training to complex legal compliance. Our emphasis is on using the latest digital technology, data and metrics to ensure you make the most of all the talent you have within your organisation. Our technologies will help you to align all your training and skills development to outcomes.”

Sounds boring though. 1/10 for buzzword use ;-)

[yump] 26/1/2024 09:42

Its not surprising if LTG isn’t very well known, although it must have been to reach its previous heights !

I’ve been watching this for a long time but haven’t bought. Firstly because the rating was daft but more importantly because I haven’t been able to work out exactly what they do.

Perhaps someone can describe it in non-corporate speak because their main website and several of the others are just full of keywords in long paragraphs.

I did see one reference to clients being helped with compliance by consultants.

Which leads me to think that its a consultancy (like eg PA). Except that the wordy descriptions are full of ‘online’ and ‘metrics’; and ‘digital’;, instead of the usual consultancy speak.

So would I be right in thinking thats what it is, but its being sold to clients from a tech / online / digital angle ?

Because I’ve employed consultancies and they cover everything that LTG do. They just don’t market themselves as digitally led or keep using the learning angle.

Also LTG appear to have grown quite a bit through acquisition, whereas the PA’s of this world have grown organically and most aren’t floated. They’ve just got loaded partners.

Is this anywhere near ?

[hazl] 26/1/2024 09:10

Quality will out.


IMO

[lawson27] 26/1/2024 08:52

Great RNS, onwards and upwards, :-)

[cyberian] 26/1/2024 08:14

Very good.

[hazl] 26/1/2024 08:11

The Group has a substantially reduced net debt5 position of c.£78.6 million (31 December 2022: net debt £119.8 million), significantly better than consensus expectations1, reflecting strong cash generation which has contributed to the continued deleveraging of the balance sheet. On 2 January 2024, LTG completed the disposal of non-core asset Lorien Engineering Solutions for a cash consideration of $21.4 million on a cash and debt free basis (subject to customary adjustments) which further supports the Group's swift deleveraging.

[johndoe23] 26/1/2024 08:11

Some big prints gone through

[hazl] 26/1/2024 08:07

That's more like it!

[18bt] 26/1/2024 07:52

Mkt expecting c10% EPS increase in 2024. PER of about 8x and yield of 2.2% leaves plenty of room for share price appreciation IMHO.

[indiestu] 26/1/2024 07:21

Lovely! Halved the debt position in 12 months. I wish I could do that with my mortgage!

[alphabeta4] 26/1/2024 07:19

Trading update not showing ADVFN but available on LTG website. Bang in line on revenue and ADJ EBIT (£560m, £98m ex non-core sale). Potential relief rally on stabilisation?