Learning Technologies Share Discussion Threads

[the patient investor] 16/9/2019 08:16

Profit warning ?

[redartbmud] 16/9/2019 08:13

Quote unavailable on H-L

[multibagger] 16/9/2019 08:09

Gosh, I seem to have called completely wrong so far !!

[toffeeman] 16/9/2019 08:02

Currently 124 to buy so not much reaction yet

[multibagger] 16/9/2019 07:40

Hopefully this link will work....



...many thanks rosco40 :)

[rosco40] 16/9/2019 07:39

Here's the report from their site https://polaris.brighterir.com/public/ltg/news/rns/story/wk0q2vx

[multibagger] 16/9/2019 07:25

ADVFN news feed playing up....

[multibagger] 16/9/2019 07:24

Stronger results than I expected....so I am conservatively guessing at least another 8-10p will be added to the share price by close.

[mfhmfh] 16/9/2019 07:23

'Our first half performance increased recurring revenues and robust current trading provides great confidence for the year ahead to deliver further organic growth, strong margins and excellent cash generation.'

[multibagger] 16/9/2019 07:21

Market will like it - that's what matters to the share price !

Likely that Jonathan Satchell will do an interview with Proactive Investors ....so will post that link if it happens.

[saucepan] 16/9/2019 07:21

FlamboyantDavid: profile created yesterday, I see?

Results look strong to me.

[christh] 16/9/2019 07:18

Would it open at 150p or 160p........

[flamboyantdavid] 16/9/2019 07:12

Organic growth rate also looks poor distorted with one zillion acqusitions

[flamboyantdavid] 16/9/2019 07:11

Eps of 2.2p



Expensive or what

[multibagger] 16/9/2019 07:08

Another set of cracking results :)


Mon, 16th Sep 2019 07:00

RNS Number : 3638M
Learning Technologies Group PLC
16 September 2019

Learning Technologies Group plc



HALF YEAR RESULTS 2019



Strong sales and margin expansion drives EBIT and cash generation



Learning Technologies Group plc ("LTG" or the "Company"), the provider of services and technologies for digital learning and talent management, is pleased to announce its half year results for the six months ended 30 June 2019.



Strategic highlights



· Strong Group EBIT margin performance and cash generation

· Cross-selling initiatives driving sales momentum

· PeopleFluent progressing well - confident of return to growth in 2020

· Content & Services displaying significant improvement versus H2 2018, with momentum in LEO and Preloaded, reflecting focussed investment in sales

· Launch of Instilled Learning Experience Platform ('LXP')

· Successful acquisition of BreezyHR, integrated swiftly and now delivering impressive revenue growth



Financial highlights



· Revenue up 85% to £62.6m (H1 2018: £33.8m), 74% recurring revenue (H1 2018: 51%)

· Software & Platforms (68% of Group revenue)

o Organic revenue up 7%, excluding PeopleFluent

o PeopleFluent successfully managing retention rates to stabilise revenues

o Growth across Rustici, gomo and Watershed

o BreezyHR integration completed and growing strongly

· Content & Services (32% of Group revenue)

o Organic revenue (excluding CSL contract) down 3% but confident of strong organic growth for FY 2019

o Excellent sales momentum supports expectation of strong H2 for LEO and Preloaded

o Cross-selling supporting recent wins

· Adjusted EBIT ahead of expectations, up 134% to £19.4m (H1 2018: £8.3m)

· Strong margin progression, with EBIT margins up 660 basis points to 31.1%

· Adjusted diluted EPS of 2.228 pence, up 117%

· Proposed interim dividend of 0.25 pence, up 67%

· Good cash generation, resulting in net debt of £13.9m following $12.7m acquisition of Breezy and net debt : EBITDA of 0.3x (H1 2018: 0.8x)

· Robust balance sheet and debt facility supports strong acquisition pipeline



Current trading and outlook



· FY2019 in line with upgraded expectations, as announced on 22 July 2019

· Software & Platforms performing well aided by high growth acquisitions and new product developments

· Content & Services expected to deliver organic growth of c.8% in FY2019

· Strong cash generation since period end; net debt at end August 2019 down to £7.8m

· Active pipeline of strategic acquisition opportunities with significant funding capacity

· Sales pipeline and high proportion of recurring revenue underpins the Board's confidence for 2019 performance



Jonathan Satchell, CEO of LTG, said:



"In the first half of 2019 both our divisions have delivered a strong performance, with Software & Platforms delivering an increasing proportion of high margin recurring revenues from software licenses, and organic sales momentum greatly increasing in Content & Services.



"The Group continues to deliver excellent shareholder value by efficiently transforming recently acquired businesses, with PeopleFluent successfully integrated and expected to return to growth in 2020 and BreezyHR, acquired in April 2019, achieving significant growth and showing great promise.



"Our first half performance increased recurring revenues and robust current trading provides great confidence for the year ahead to deliver further organic growth, strong margins and excellent cash generation. On the back of this momentum, we are investing in H2 2019 to drive sales further, as well as supporting organic growth initiatives into 2020."

[christh] 13/9/2019 16:40

Kabouter International Opportunities
Fund II, LLC Kabouter International Mission Fund, LLC
bought only 22,400,551 3.35%



Place of completion Chicago, United States
Date of completion 12 September 2019

[mfhmfh] 13/9/2019 10:25

still good to see going above 3% prior to results. IMHO.

[blackbogger] 13/9/2019 10:12

Yeah, Results on Monday. But remember that old stockmarket adage- Buy on the rumour and sell on the results.

You might see some of the shortsellers out in force on Monday.

[tallprawn] 13/9/2019 09:35

Yes - New holder exceeding 3%.Results on Monday in case anyone forgot. Should be a decent volume day.

[toffeeman] 13/9/2019 09:18

They had zero before?

[wildchild] 13/9/2019 07:53

Seems like Kabouter Management have increased their holdings to 3.35 %.

[the runt] 12/9/2019 15:33

@Christh

Surely if there is a 'pattern' to LTG, then the way to make money would be to invest ahead of its re-occurrence, effectively making the share price peak occur sooner in the cycle. It may be that 130p is this year's peak in relation to the results, and now we're getting the downward trend. Humans are programmed to see patterns where none exist :-)

I will continue to hold because this company appears to be strong on fundamentals, but I'm not expecting the kind of fireworks you've outlined. I don't mind being proved wrong!

[christh] 12/9/2019 14:56

drsamwaa
no, I am a big loser, but I enjoy it...make you happy taking my money!
It does not matter, its only money.
Money does not make you happy, so who cares!

fiddler on the roof......".If I had a little money...."