LEARNING TECHNOLOGIES GROUP PLC (lon:ltg)
Learning Technologies - Are They Expanding Too Fast.

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Title:	Learning Technologies - Are They Expanding Too Fast.
Company:	LTG - LEARNING TECHNOLOGIES GROUP PLC
Share Price Then:	0p
Author:	Ian Smith
Date:	Thu 24 Jan 2019
Comments:	LTG are an e-learning, computer based training courses, supplier AIM listed and for the year ending Dec 2017 a turnover of around £52million which was an 80% growth. Year ending Dec 2018 is expected to report revenue up to £94million with net debt at £11.5million after taking out a $62 million loan to purchase PeopleFluent. Acquisition seems to be part of the company’s massive growth, and is expected to continue. This can work very well back in the late 1980s early 1990s Misys were a supplier of admin systems to insurance brokers and acquisitions led them to a dominant position in the market at eventually a large plc in banking. It can also lead to a mess of a company which lacks focus, in this case the acquisitions do seem to be around a single theme. So why has the share price dropped from a peak of 166p to 76p and 16% on the day? It seems to be a combination of excitement over growth wearing off, increase in debt and previous share issues and the possibility of further issues. It is a very complex company and at the moment I don’t really understand it!
Read Count:	267

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