Learning Technologies Share Discussion Threads

[cyberian] 19/3/2024 11:11

Looks like a bit of deck clearing yesterday maybe related to the upcoming tax year? I may therefore wait for a better entry price before I add to my current holding. With no stamp duty, just ones dealing fee,I guess some may try to trade small movements. Looking forward to some positive news in early April with the CEO's forward guidance. With net debt falling fast the attraction with this share will increase hopefully as the company has substantial growth opportunities ahead.

[johndoe23] 15/3/2024 12:05

10 x earnings must be a multi year low rating. Any positive news in finals for outlook should see this climb

[cyberian] 15/3/2024 09:26

Hope so and maybe will add a few before F/Y figures in early April.

[hazl] 15/3/2024 08:18

Chart looks a lot better.

[johndoe23] 14/3/2024 14:41

Unfortunately yes

[cyberian] 14/3/2024 14:18

Net debt is reducing at pace with 1Q numbers boosted by $21.4 million divestment completed in early January 2024. US market in particular appears to be quite robust and China sales may help in due course. The share price appears to be holding at close to 80p which hardly challenges real value when one compares with the share price a year back (120p to 140p range). Looks like a few holders are shifting their holdings within various portfolios and a few others maybe getting bored. Not much happening until early April when CEO Jonathan Satchell provides full year figures and guidance going forward.

[johndoe23] 04/3/2024 12:09

Two large trades, look like sells. Weighing here

[cyberian] 01/3/2024 16:03

Agree! I have a lot of confidence in our CEO Jonathan Satchell and his manner in running his team. He is a very level headed manager and believe that his further update in April with the full year-end results will be very positive going forward. The US market has enjoyed a soft landing and their economy looks in good shape despite snipping from the TRUMP mob.

[johndoe23] 01/3/2024 09:13

Surprised still at this level, must be a fund or someone selling in background. A common theme amongst small caps at the moment!!

[hazl] 01/2/2024 08:50

Good to see the continual rise.

[netcurtains] 30/1/2024 08:29

Looking at the tea leaves (the graph shape) the usual trading range for this share (over 5 year period) is about £1.10 to £1.30 - I suspect, those that know, probably will buy and hold until about that level (at least) and wait for reasonable news flow..

[hazl] 28/1/2024 12:10

Ha ha Smithie like your sense of humour!

[smithie6] 28/1/2024 11:57

..great post. :-))

[yump] 28/1/2024 11:31

There are lots of businesses that have sales and profits and clients.

That’s not a reason for investing.

[yump] 28/1/2024 11:29

Reason I posted was that I’m struggling to see how LTG is actually differentiated from any other group that assembled a set of up to date consultancies in training, recruitment, compliance etc.

If they all marketed under the same brand, that would be an advantage in cross-selling to corporate clients.

Of course they don’t all have to be that different to succeed, but it feels like the business is more of a mini-conglomerate than an organically growing single presence.

I have to say, I would be very put off as a corporate client by the rather cliched headline business descriptions, although in fairness, I’m old school “just tell me what you actually do”.

I guess I’ve never “bought in” to general corporate BS speak, as have always been involved in tangible products that either work properly, or don’t.

Talent management is a major field of work but presumably that’s what a good HR department used to do by just looking after employees.

[hazl] 28/1/2024 11:13

12 Badger

We can cannot be experts at everything.
We can research and get the gist of a thing, but it is nothing compared to working in an industry I have found.
If Learning technology has ready customers...which they seem to have, then it shows they are valued by those who pay for their services.

Repeat orders and being able to scale are useful pointers, too.

So,if they are bringing the debt from the acquisition down, it tells you perhaps, that they are capable of making good decisions, and know their field.

There are no guarantees in this business but if you look at the financials and the outlook then that can give you as much insight as possible from a distance.
Cyberian I think you have a good mix of enthusiasm tempered with reality.
IMO

[bigboyblue] 28/1/2024 10:16

Welcome on board Net! I don't normally post here but I've been invested since the days when we were both invested in WEY. It seems to me to be a very well run company, which I regard as a long term hold rather than a 'get rich quick' opportunity.

[12badger] 28/1/2024 10:16

In April I'm hoping to hear of some refreshment of the Board and the governance. The federated approach in which the subsidiaries run separately militates against the joined up proposition that should be presented to clients. As the threads often reveal there isn't clarity about what LTG does and how they can how really help clients across their learning and recruitment needs at scale and on a global basis.

[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....