Learning Technologies Share Discussion Threads

[multibagger] 15/8/2018 07:14

Good morning all :)

Re post 691 - I can't seem to find/see those trades for 800k shares.
We have results due to be announced on 25 Sep 2018 and given recent broker notes, I think we could be in the mid 120's before long :)

[aimingupward2] 14/8/2018 16:14

Four really big buys have just gone through, totalling over 800,000 shares.

[fbrj] 14/8/2018 12:10

Heading back to all time high (which I think was 118p)

[aimingupward2] 13/8/2018 14:02

Learning Tech' seems clearly to be heading upwards now, even on a poor day like today, and looks set to continue, after it's six week set back to bring it into line with the established growth trend. Very reassuring.

EDIT: Strong finish to the day. P.H. must be very pleased with the timing of their 'buy' recommendation. Even the I.C. has got it right !

[aimingupward2] 09/8/2018 10:08

Thanks for that, drsamwaa. Very encouraging.

Edit : Even better, I believe Barclay's target is 180p !

[drsamwaa] 09/8/2018 09:13

Peel Hunt today initiates coverage of Learning Technologies Group (LON:LTG) with a buy investment rating and price target of 140p.

Story provided by StockMarketWire.com

Broker Forecasts data provided by www.sharesmagazine.co.uk

[aimingupward2] 09/8/2018 09:11

Why, what have P.H. said?

[drsamwaa] 09/8/2018 09:08

Thank you Peel Hunt !

[jeffian] 07/8/2018 11:35

I know what I mean, Phillis.

[phillis] 07/8/2018 11:30

Jeff
you mean he has done it once before

[jeffian] 01/8/2018 11:09

Also track record of Chairman and major shareholder Andrew Brode who has proven ability to establish niche companies and grow them organically and by acquisition (viz RWS)

[drsamwaa] 01/8/2018 09:01

nothing really...just a classic growth stock, relatively new company that is expanding and will probably be bought out eventually

[mrfixituk] 31/7/2018 21:17

What is so special about Learning Technologies that has pushed the price up over the last few years? Do they have technology or a product that cutting edge or revolutionary? Trying to find the next multi bagger.

[aimingupward2] 28/7/2018 09:39

From I.C.

“A trading update from Learning Technologies (LTG) revealed that its performance for the half year to June was in line with market expectations. In May, the group completed its largest ever acquisition of cloud-based talent management platform PeopleFluent for $150m (£114m) – expanding its presence in the US. Its integration has gone well so far. But, excluding PeopleFluent, bosses still expect revenues for the respective six months to reach at least £27.3m – representing growth of around 27 per cent.

Meanwhile, operating margins “remain robust”, supporting a material improvement in operating profits over the first half. Perhaps most encouragingly, the group has continued to enjoy strong operating cash flows, and a net debt positioning of £15.7m was better than management’s expectations. Indeed, this was also “considerably better” than broker Numis’s forecast, supported by currency movements around the PeopleFluent transaction.

IC View

At 103p, the shares are up 69 per cent on our buy tip (61p, 19 Oct 2017). True, the group’s blended forward PE ratio represents a premium to its historical average. But Numis expects pre-tax profits to reach £29m in 2019 – the first full-year of PeopleFluent ownership – from £19.3m in 2018, with EPS climbing to 3.4p from 2.4p. Seen through this lens of anticipated growth, buy.

[mfhmfh] 27/7/2018 11:30

nice rise today.

From IC yesterday the following headline: 'Learning Tech: sales up, but margins “robust”.

Numis expects profits of £29m in 2019 from £19.3m in 2018.

[drsamwaa] 25/7/2018 11:25

interesting the share price does not seem to be reacting to the broker note or the update yesterday compared to previous responces..?

[rampmeister] 25/7/2018 09:06

Looking at broker revenue forecasts for this year and next we have 100.6m. and 133.23m respectively. After T/U both are looking conservative but 2019 FY looks way off the mark.

If we double the not less than LTG first half 27.3m and add people fluent 2017 FY revenue of 82.8m we arrive at 137.4m. It seems most unlikely that all sides of the combined business will have gone ex-growth so if we just add 10% growth we will be looking at FY 2019 revenue of 150m. plus.

Sorry to bore on about revenue forecasts but feel understanding of these is important since they underpin current share price

RM

[mfhmfh] 24/7/2018 12:07

Numis reiterates buy rating today and raises target price to 132p (from 130p).

Buy rating reiterated in today's IC.

[rampmeister] 24/7/2018 11:54

I haven’t seen any broker notes for LTG but notice that two have given strong buy rating and the other shows as hold. It seems fair to suggest that 2 of the 3 are showing higher forecasts than the more cautious broker. If a concensus of the 2 strong buys proves more prescient than the general consensus then it is likely that FY forecast will be exceeded.

RM

[the juggler] 24/7/2018 10:25

This is a normal reaction to a decent TU. The increase in online-learning is gathering pace as I experience it as part of my job. Large firms are preferring to put their employees through this type of platform as opposed to placing them in costly classroom-based solutions.
I continue to hold and I am very optimistic about LTG's strategy.

[multibagger] 24/7/2018 10:17

Execution risk is always there with an acquisition of size. But both Brode and Satchwell have vast experience and a great track record of successfully integrating acquired businesses over the years and also in the USA.

My take is that LTG are quietly confident and we will probably hear more on the 25th of September 2018 when they intend to give "detailed" information on the first 100 days post-acquisition.

I'm in no rush :)

[rampmeister] 24/7/2018 10:13

To me it’s all about execution risk. Guidance today says they are in line with very exacting.broker forecasts that’s a pleasing RNS imv.

RM

[redartbmud] 24/7/2018 09:46

Maybe, but the acquisitions are very significant in size, related to the business.
We will only see the real effect on turnover and profits when they report next.
The share price has had a good run recently and I am not surprised by some people taking a bit off the table.
Market expectations can be unrealistic at times.

[drsamwaa] 24/7/2018 09:10

seems the market was expecting more !

[redartbmud] 24/7/2018 08:29

multi

I do believe that I am on the same page.

red