Learning Technologies Share Discussion Threads

[multibagger] 24/7/2018 07:41

"..Group operating margins remain robust, driving material increases in EBIT over H1 2017, and LTG continues to generate strong operating cash flows. Net debt was ahead of our expectations at £15.7 million (31 December 2017: net cash of £1.0 million)...."

"...The Board is delighted with the progress of the integration of PeopleFluent and looks forward to providing a detailed update at the time of the Group's Interim results on the outcome of the 100-day integration programme and alignment with Group accounting policies"...

Based on the above excerpts from the RNS, I feel that the "in line guidance" is understandably cautious and conservative at this time and it is likely that LTG will perform better than "in line" by the end of the full year results.

Good luck all :)

[rampmeister] 24/7/2018 07:34

Taking into consideration the full year forecast of revenue 100.6m and pre tax profit 19.5m I am well pleased with the in line guidance. Nice to know LTG are on target to meet punchy market forecasts.

RM

[multibagger] 24/7/2018 07:08

Trading Update and Notice of Results

RNS Number : 4965V
Learning Technologies Group PLC
24 July 2018

Learning Technologies Group plc, the leading integrated e-learning services and technologies provider, announces the following trading update for the six months to 30 June 2018.

The Group's financial performance is in-line with market expectations, as it delivers on its strategic objective of building a global leader in technology-driven workplace learning and talent management solutions - a high-growth, fragmented market.

On 31 May 2018, LTG completed the transformational acquisition of PeopleFluent Holdings Corp ('PeopleFluent'). The Board is delighted with the progress of the integration of PeopleFluent and looks forward to providing a detailed update at the time of the Group's Interim results on the outcome of the 100-day integration programme and alignment with Group accounting policies.

The Board expects Group revenues (excluding PeopleFluent) of not less than £27.3 million for the first half of 2018 compared to £21.5 million in the first half of 2017. This represents an increase of c. 27%. On a constant currency like-for-like basis and excluding the impact of the CSL project, organic revenue growth was c. 10%. This growth has been driven in particular by a strong performance in LTG's Platforms division and we are especially pleased with the successful integration of, and new business wins by, the NetDimensions business.

Group operating margins remain robust, driving material increases in EBIT over H1 2017, and LTG continues to generate strong operating cash flows. Net debt was ahead of our expectations at £15.7 million (31 December 2017: net cash of £1.0 million).

With the acquisition of PeopleFluent, and consequently the greater proportion of recurring revenues from the Group's enlarged Platforms division, the higher visibility of revenues underpins our confidence in the full-year.

The Group's half year results will be announced on 25 September 2018.

Jonathan Satchell, Chief Executive, said:
"LTG continues to make excellent progress. I am delighted to see a significant increase in recurring revenues, broadening of our international footprint and deepening of our client base as we continue to evolve. The Group now has the capability to deliver comprehensive corporate learning and talent management solutions for its global client base. The first half of 2018 saw the transformational acquisition of US-based software platform PeopleFluent, and we are already seeing the complementary potential of PeopleFluent and our prior acquisition NetDimensions. We are enthused and energised by this first half performance."

[multibagger] 23/7/2018 11:57

Some anticipatory market interest pre - TU which is due soon if last year timeframe is anything to go by...

Good luck all :)

[the juggler] 16/7/2018 07:32

Yes multibagger the TU must be close. Last year it was 21st July so this week is certainly favourite for this.

[multibagger] 16/7/2018 06:27

Good morning !

Trading update for H1 2018 due anytime now (could be even today)....we have had about 5 weeks of PeopleFluent revenue + hopefully growth in the business which I am conservatively estimating at 30%. Revenues should be much higher in H2 2018 as the acquisition would be much better bedded in and we will have the full H2 effect.

I am hoping for H1 2018 of atleast £33.23m revenues with about £7.76m EBIT...anything over that would be an absolute bonus...and a push to a share price of £1.20+ would be on the cards...

Good luck all !

[davr0s] 13/7/2018 16:52

So I take from that, that your predictions are as good as calling 50-50 on a coin toss the

[ts0mev] 13/7/2018 09:25

I'd have to share my winnings so I'm not likely to divulge that!

[davr0s] 13/7/2018 07:20

Well can he tell us the winning lottery numbers this week ? -then I might believe he has some ability to predict

[multibagger] 13/7/2018 07:07

Good morning all :)

Last year trading update was on 21 July...so not long to go now.

[drsamwaa] 12/7/2018 13:43

I think he has!

[davr0s] 11/7/2018 12:12

Have you got a crystal ball?!

[ts0mev] 11/7/2018 10:17

misplaced speculation. it will bounce back to 110p

[drsamwaa] 11/7/2018 09:19

Any thoughts on latest fall.... Trump's tariffs? Pure speculation ?

[multibagger] 21/6/2018 12:15

Article in the latest Shares Magazine about how changes to rules around revenue recognition for multiyear contracts can affect tech companies. LTG used as an example..may partially explain the retrace.

[aimingupward2] 20/6/2018 21:24

“For every sell there is a corresponding buy”

I know people trot this out from time to time, but it is overly simplistic. Buys and sells will balance out in the long run but,in the short term, heavy selling may just accumulate with the market maker(s) if they fail, even with price drops, to attract buyers. Conversely, mms may find their normal stock, or float, of shares heavily reduced if there is heavy buying and raising the price does not attract sufficient sellers.

[davr0s] 20/6/2018 19:42

Noise IMO - low volume recently. And sells meaningless as its (a) a guess anyway based on mid price and (b) for every sell there is a corresponding buy

[kunningken] 20/6/2018 15:33

Anyone like to hazard a guess what's been going on here for the last couple of days.
Lots of sales going through at around the same time, and all around 2,000 in size. An institution slowly reducing their stake? Someone trying to keep the price down?

[tarrant777] 16/6/2018 09:26

Multibagger. Following your example, as we are both quite wrong on the 1/2 year share price of LTG (fortunately and perhaps unusually, both too conservative) I too will today donate £200 plus gift aid to my favourite charity.Is it too early to have another wager on Dec 31st price?

[multibagger] 14/6/2018 20:04

Hi janeann...it's not ZTF...missed the boat I think, but delighted that you have done so well out of it :)

If I can't get a meaningful stake because of outlay involved or can't get a low single digit equity below notifiable threshold, I hesitate...as position size is important to me, more than diversification.

Re CYAN - will decide whether to take some more based on how Monday goes and possibly putting my newly found knowledge from the book to the test.

Still building a stake in a small company - speculative position at this stage, but intend to pick up some more. All will be revealed in due course !

[janeann] 14/6/2018 18:17

I assume its not ztf multi - I would think that is your type of company?

[multibagger] 14/6/2018 17:40

Thanks Volsung...learning point for me in terms of letting CYAN investment drift without stopping out. Recently read "Art of Execution" be Lee Freeman Shor...sensible advice. I think I am a "connoisseur" as per the tribes described in the book, but wonder if I should become a "hunter" with CYAN :)

But thankfully a number of other big holdings doing well - ARC,IDEA,LTG and building a decent position in a yet to be declared company !

New share price high for LTG !

Could we see £1.20+ by month end - looks possible :)

[volsung] 14/6/2018 15:41

I remember CYAN. I used to post on the thread years ago.. You never know mb it could recover

[multibagger] 14/6/2018 11:00

On a lighter note...my investment in CYAN is currently firmly on the "donkey list" after appearing to be a busted flush of a thoroughbred with a few hundred £k of mine riding on it and a share price graph heading in precisely the opposite direction to LTG !

Off to Cambridge on Monday to look at the CYAN managers and manger again :)