Learning Technologies Share Discussion Threads

[christh] 23/9/2019 07:29

It is a high growth stock
All the brokers said "BUY" also Investors Chronicle which reiterates "BUY"
Most of the brokers set a target price of 150p while others 165p
It is a screaming BUY in my opinion and worth about 200p

DYOR

[jockthescot] 21/9/2019 18:20

Thanks Tarrant.

[tarrant777] 21/9/2019 12:03

In a major world wide down turn everything will be marked down. However, LTG do now have a healthy geographic spread with extensive business units if U.K., USA and Asia which gives some considerable hedge against local downturns and also creates a strong additional profit opportunity if sterling continues to weaken.Suggest you read the various brokers notes on the company from analysts with (one assumes) far greater knowledge and research than most of us who post on these boards.Most of us who have been long term holders have done very well, but are probably all confused by the weakness since announcing excellent 1/2 year results.Possibly a good buying opportunity but DYOR.

[jockthescot] 21/9/2019 11:50

I’m so tempted to buy here, but have a genuine concern that this area will be one of the first to be hit in any sort of economic downturn. Anyone got a different view?

[phillis] 21/9/2019 10:47

The point is that the real profit is much less than the adjusted number

Looked at your way a silly Enterprise Multiple nonetheless

Not a bad business though
I still hold enough after a chunky disposal last round at 130 p

[jeffian] 21/9/2019 09:26

"Ok for cash generation but not for real profit"

That made I smile. I spend my life on these boards complaining that companies claiming accounting 'profits' often mysteriously seem to have less cash at the end of the year than the beginning! Give me cash over "profit" any time.

[phillis] 20/9/2019 12:35

that which is written down is written off for all effective purposes

did you know that goodwill in the USA is tax deductible if the intangible concerned is in the appropriate corporate structure? (usually within a Delaware holding company one)

[longshanks] 20/9/2019 10:32

As I said, it is writing down - not "writing off".It is required for the audit of the books and is a non-cash action.

[phillis] 20/9/2019 09:15

if the business is becoming more valuable why write off the goodwill?

[longshanks] 20/9/2019 08:56

Amortisation of goodwill is an accounting process to write down the cost of an asset over time. Very different to “write offs”.

[phillis] 20/9/2019 08:51

Well
Ok for cash generation but not for real profit
If the acquired business are so good why is the goodwill being written off so quickly
( written partly tongue in cheek - lol )

[longshanks] 20/9/2019 08:50

Sold out then mally

[buffetteer] 20/9/2019 08:46

You need to look at the adjusted numbers where amortisation of acquired intangibles is removed to get a real picture of the earnings otherwise you will exclude yourself one of the best company growth story’s out there .

[mallorca 9] 20/9/2019 08:29

This is a nice little Company but with annual profits of around £14m the Market Cap of £750m has got way ahead of itself.

Could be good to wait for a pullback to around £1.

[christh] 19/9/2019 21:35

IC view 16 September
-------------
Excluding deal costs such as those relating to LTG’s acquisition of BreezyHR in April, operating cash flow conversion sat at 79 per cent – down from 91 per cent. But management notes that June was a relatively quiet collection period; by August, net debt had reduced from £13.9m to £7.8m. A forward price/earnings ratio of 28 means that the pressure is on for a good second half, but we remain confident. Buy.

[aimingupward2] 19/9/2019 20:28

What share/company are you talking about? Not LTG surely.

[blackbogger] 18/9/2019 13:18

On the rise right enough.


We'll see 3.00 by the end of the week. Maybe more.

[toffeeman] 18/9/2019 08:28

IC = KoD :)

[christh] 18/9/2019 01:04

I still say that will rise fromm here
The shorters will move on and will tank around 130p
From there will get to 140p and then higher to 165p

Its good enough for me that the IC has reiterated to Buy.

[fruitcake1965] 17/9/2019 20:30

Be very careful here the shorts control this until the next positive RNS. Ps I’ve held this for 4 years and one or two have pointed out I’ve missed opportunities to get out, we all have our own agendas, mine starts March next year. I WAS Always long term on this, getting in at 22 pence takes all the pressure off. The next few months could well be painful. He who dares!

[the runt] 17/9/2019 17:29

Not sure I understand your question, Anley :-) I wasn't positing anything 'right' that your 'wrong' might counter. Give me a clue what you meant?

[anley] 17/9/2019 17:09

So what is wrong in that RUNT............?

[the runt] 17/9/2019 14:12

Berenberg reiterates buy with a target price of 140p.

Maybe get there in 3-4 months unless, as Tarrant says, there's an acquisition etc. Volume will peter out for a while. Don't think this share need forensic monitoring for a while :-)

[tarrant777] 17/9/2019 10:34

I share many other contributors enthusiasm for this company and its leadership-being also an investor in the Chairman's other major AIM listed company.Personally I think it likely that LTG's EBIT in the full year will exceed £40m-and it's great to see that by then, the company (ex any possible acquisitions in the meantime) will be debt free.It seems that similar high growth well regarded tech stocks do seem to trade at circa 20-25x prospective-which gives LTG a share price range of 120-150p, but currently it feels as though the market is more comfortable at the bottom end of the range-and perhaps the company needs to make another actual or potentially early earnings enhancing deal to move the share price forward materially.In the meantime, having been in for a long time, I'm a very solid holder.