Learning Technologies Share Discussion Threads

[longshanks] 09/5/2018 23:02

What is the source of your opinion?

[drsamwaa] 09/5/2018 16:21

not my analysis....

[microscope] 09/5/2018 16:08

Presumably you thought that when you sold just before the acquisition...

Still, your in depth analysis is much appreciated, but on this occasion I'll let the trend be my friend :)

[drsamwaa] 09/5/2018 15:45

company is overvalued...be careful !

[multibagger] 08/5/2018 19:34

Good to see another sharp burst of buying and uplift in share price today...

[mfhmfh] 26/4/2018 18:07

IC quoting broker Canaccord Genuity state sales expectations of £58m for 2018 and £65.3m for 2019 have now been upgraded to £102m and £133m respectively...

GLA

[aimingupward2] 26/4/2018 14:34

Perhaps you'll see it/them before me, microscope. Keep us informed if you do!

[microscope] 26/4/2018 14:15

Beat me to it AIM. Given that the acquisition will be 'immediately and significantly earnings enhancing' I'd say upgrades are both imminent and inevitable

[aimingupward2] 26/4/2018 14:08

Yes, I would expect both Berenberg and Numis to come out soon with a new assessment of LTG following the major news re the acquisition of, and merger with, PeopleFluent.

[petersinthemarket] 26/4/2018 09:45

The only analyst target I have on record for LTG is 105p and we are there now which assumes we have reached fair value. Given recent news, does anyone consider there may be an increase due.

[mfhmfh] 25/4/2018 12:20

buy rating reiterated in today's IC.

[multibagger] 25/4/2018 11:18

Cheers Bamboo !

drsamwaa - not likely - as the market already knows about it and it is factored into the current share price.

[drsamwaa] 25/4/2018 10:35

Am I correct in saying the placing might cause a drop in share price on the 27th when issued on LSE?

[bamboo2] 25/4/2018 10:04

dr, I sold last week!
Will wait a while for the dust to settle.

PS, Well done mb!

[drsamwaa] 25/4/2018 09:10

and I sold yesterday...doh !

[multibagger] 25/4/2018 08:35

'won't rule out circa 115p by the end of the week....or 140p by the end of the year either....

[longshanks] 25/4/2018 08:17

The market seems to like the deal.The three year share price curve is starting to give me vertigo!

[shanklin] 25/4/2018 07:48

Thank you longshanks

[longshanks] 25/4/2018 07:38

I would read it as a plan by LTG to increase prices (margins) and the effect that would have on short term revenues: i.e. some customers dropping PeopleFluent.

[shanklin] 25/4/2018 07:13

Does anybody have a clue as to the significance of this statement from yesterday's acquisition RNS please?

"Revenues are expected to reduce in the near term; however, management are confident of their ability to materially improve EBIT margin"

[janeann] 25/4/2018 07:10

yes, very surprised given the rise recently. Impressed.

[multibagger] 25/4/2018 07:03

Placing at 98p...better than I hoped :) Fantastic....


RNS Number : 0079M
Learning Technologies Group PLC
25 April 2018

25 April 2018

Learning Technologies Group plc

("LTG" or the "Company" or the "Group")
LEI 21380039DW5LJ4FIC214

Results of Placing

Learning Technologies Group plc, the integrated e-learning services and technologies provider, is pleased to announce the results of the equity placing launched yesterday, 24 April 2018 (the "Placing").

A total of 86,734,694 new ordinary shares in the capital of the Company of 0.375 pence each (the "Placing Shares") have been placed by Goldman Sachs International and Numis Securities Limited (together, the "Joint Bookrunners") at a price of 98.00 pence per Placing Share (the "Placing Price"), raising gross proceeds of approximately £85 million (before expenses).

Andrew Brode, Leslie-Ann Reed and Harry Hill participated in the Placing by subscribing for 1,969,388 Placing Shares at the Placing Price, equivalent to an aggregate amount of approximately £1.93 million.

The Placing Shares represent approximately 15.1% of the issued ordinary share capital of the Company prior to the Placing. The Placing Price represents a discount of approximately 3.9% to the closing price of 102.00 pence on 24 April 2018.

In relation to the above, an application has been made to the London Stock Exchange for the Placing Shares, which will when issued rank pari passu with the existing ordinary shares in the capital of the Company, to be admitted to trading on AIM which is expected to take place at 8.00 a.m. on 27 April 2018.

In accordance with the FCA's Disclosure Guidance and Transparency Rules, following this issue, the Company's issued share capital consists of 660,798,691 ordinary shares (excluding 404,340 treasury shares).

The figure of 660,798,691 ordinary shares should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Jonathan Satchell, Chief Executive of LTG, said: "We are delighted with the level of investor interest, demonstrating very strong support for the proposed acquisition of PeopleFluent. This is a major milestone for the Learning Technologies Group strategy. We will now be looking to build on our track record of enhancing the businesses we acquire, with the objective of providing a truly exceptional portfolio of content, services and platforms for learning and talent management."

[multibagger] 25/4/2018 05:36

Bamboo2...re 593 - "potential turn on my chart"...in which direction ? TIA

[multibagger] 25/4/2018 05:36

Good morning all :)

Very high probability that completion of the fundraise will be announced early today. My guess is that it will not be at a big discount - maybe a 10% discount to share price close yesterday.

So I agree that early 90s could be the region - anything above and I will be delighted. It won't be massively dilutional either with another 80-100m shares.Either way, I'm not complaining :)

Andrew Brode uses the language of "This is a transformational moment for LTG"...carries a lot of weight with me as I respect his business acumen, his judgement and can only admire his track record. Congrats to JS as well for pulling this off !

Recurrent revenues increasing to 68%, strong cash flow, dealing with 50% of Fortune 100, cross selling opportunities, margin improvements, big US presence as a market leader...it is transformational.

Let's see what the market thinks....will be interesting rest of the week to say the least.

[bamboo2] 24/4/2018 22:07

janeann, Potential turn on my chart for today.