Learning Technologies Share Discussion Threads

[greenspade] 28/6/2024 16:03

ygor705 we have a very different definition of the word prosper

sgarvey isnt wrong. two things dictate stock prices: earnings and multiples. LTG has done a decent job on the earnings side but the multiple is another story. To get the multiple up especially without double digit organic growth they cant keep doing more of what clearly isn't working.

If I were them I would use every bit of cash (and then some) to buy back shares and sell off parts (and then buy back more shares with the proceeds). We could probably triple the share price in six months.

Either you agree or you are wrong.

[sgarvey] 28/6/2024 15:02

@phillis
I salute you for this qualified and insightful comment. i can only imagine the depth of your analysis…

[phillis] 27/6/2024 16:21

Garvey
Need to take your blinkers off
And engage your brain

[ygor705] 27/6/2024 12:25

The other possibility here is that LTG are clearing the decks for a significant and more relevant acquisition. That is the way in which it has prospered in the past. Wait and see is my view.

[sgarvey] 27/6/2024 11:30

rws share price has nothing to do with ltg. they get punished by the AI narrative.

if you dont buy back your own shares at 5x ev ebitda
i doubt you will create value buy buying something from the outside at a higher and trying to increase profitability to bring the acquisition multiple down to your already depressed group one.

roll up stories are dead for the foreseeable future

buyback and organic growth or going private is the only way to go here

[phillis] 27/6/2024 11:10

Jonathan
Look closer to home
Buybacks didn’t help the RWS sp

[gordongekko4] 27/6/2024 08:38

For every share buyback gone wrong, there is a very succesful one too. Look at Mears Group Plc: they started buying back shares last year when the share price was ca. 200 pencce, its been closer to ca. 400 pence lately and it is still undervalued by many metrics. The main take away of 2024 must be that if UK companies do not counter their dwindling share prices with buybacks, they will be acquired on the cheap by US suitors (strategic or financial) as evidenced by Keywords Studios, IQGeo, Spirent, Tyman and many more. I believe LTG buying back shares is a no-brainer at this point. Let's see if the deal hungry CEO can put to rest his empire building ambitions (which have gotten us nowhere) and finally deliver for his beaten up shareholders.

[jeffian] 26/6/2024 16:52

I am not a fan of buybacks. I understand the principle, of course, but Mr. Market has a nasty habit of ignoring "intrinsic value" and pricing stock at whatever he damned well pleases, not what the managers of a business try to achieve by financial engineering. Whitbread 'returned value to shareholders' by using £2bn(!) of the proceeds of the Costa Coffee sale (equivalent to £12.50/share spread across all shareholders) to buy back shares. Price before? £50+. Price after? £25. Enterprise Inns spent £1bn buying their shares up to £8/share before they crashed to 25p in the 2008 debacle. LTG (like Brode stablemate RWS) generates cash which funds its acquisitions. You know where you are with cash and if they've got 'too much' of it, I'd rather have it back as a special dividend or return of capital so I can decide for myself what to do with it. It also concerns me that so many companies are now doing this (around 30% of all morning RNS announcements are buybacks) that this must be an element behind the concerns about the shrinking LSE.


(Btw, I note you assume that jsatchell is "our" jsatchell. This may well be but I take the view that a 'username' is just that and not to be taken at face value.
Kind regards,
Warren Buffet)

[paul frank] 26/6/2024 15:49

Mr Satchell. It appears to me the market does not understand the value of LTG. I believe that more now, that I have seen the reaction to this transaction. The only way to benefit from this, is to BUY BACK STOCK. DO NOT EVEN THINK OF BUYING ANOTHER ASSET. THIS WILL DESTROY VALUE as the market is valuing your company at circa half its intrinsic value. Follow the practice of Mr Buffett...Take advantage and buy back stock now that it is cheap!

[jsatchell] 26/6/2024 10:55

Why on earth would we need to raise cash?

[hazl] 26/6/2024 07:08

Good to have more cash rather than having to raise it.

[hazl] 26/6/2024 06:41

Learning Technologies Group plc, a global market leader in learning and talent technologies and services, today announces that it has entered into a definitive agreement to sell its VectorVMS business ("Vector") to PIXID Group, one of the largest vendor management platforms in Europe, majority owned by Keensight Capital, for a cash consideration of $50 million on a cash and debt free basis (subject to customary adjustments).

[hazl] 24/5/2024 13:32

And today as well by the looks of it.
The DOW Nasdaq seem more positive today.

[hazl] 23/5/2024 15:17

Pleased to see a bit of action!

[orange1] 22/5/2024 19:35

Surely the most interesting news (released on Monday) is that Octopus increased their holding last week from 7.11% to 8.05%.

[miss womble] 22/5/2024 14:41

Lion trust are at it again. I just don’t understand their buying and selling

[hazl] 22/5/2024 06:09

A further stake from Lion Trust.

Good news especially for those from Wimbledon common.

[miss womble] 29/4/2024 06:52

Hazl. I have a small holding as an inheritance avoidance holding

[hazl] 27/4/2024 12:59

Miss Womble you seem to be fairly knowledgable, despite posting on average once a year.
Are you a supporter of LTG?

Good to have another poster though I have less and less time on the bbs now.

[indiestu] 27/4/2024 06:32

Securities Lending. Seems they have loaned stock out. To whom and the reason who knows. A hedge, a short, a cover?

[miss womble] 26/4/2024 06:56

Can anybody tell me what all this dealing of shares by Lion Trust is all about

[hazl] 23/4/2024 11:46

Increase in holdings Liontrust.


IMO

[zouppy] 16/4/2024 17:50

Buy recommendation in IC.

[davemac3] 16/4/2024 14:27

I guess the presentation didn’t go down well?