Learning Technologies Group (LTG)

Sector:

IT Services

Index:

FTSE AIM 50

126.60p
   
  • Change Today:
      0.20p
  • 52 Week High: 172.20p
  • 52 Week Low: 93.80p
  • Currency: UK Pounds
  • Shares Issued: 737.24m
  • Volume: 401,831
  • Market Cap: £933.34m
  • RiskGrade: 177

Dividend Data

  31-Dec-1931-Dec-1831-Dec-1731-Dec-1631-Dec-15
Total Dividendn/a0.50p0.30p0.21p0.15p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
Revenue 130.10 93.89 51.35 28.26 19.91
Operating Profit/(Loss) 16.64 3.96 1.90 3.07 1.83
Net Interest 0.11 0.01 0.01 (0.75) (0.10)
Profit Before Tax 14.30 3.44 (0.01) (1.19) 1.21
Profit After Tax 10.87 4.17 1.10 (1.33) 0.96
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 10.87 4.17 1.10 (1.33) 0.96
Attributable to:          
Equity Holders of Parent Company 10.87 4.17 1.10 (1.33) 0.96
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 1.63p 0.66p 0.23p (0.32p) 0.26p
Earnings per Share - Diluted 1.58p 0.64p 0.23p (0.32p) 0.24p
Earnings per Share - Adjusted 4.87p 3.30p 2.01p 1.29p 0.81p
Continuing and Discontinued EPS          
Earnings per Share - Basic 1.63p 0.66p 0.23p (0.32p) 0.26p
Earnings per Share - Diluted 1.58p 0.64p 0.23p (0.32p) 0.24p
Earnings per Share - Adjusted 4.87p 3.30p 2.01p 1.29p 0.81p
           
Dividend per Share 0.25p 0.50p 0.30p 0.21p 0.15p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Assets          
Non-Current Assets          
Property, Plant & Equipment 11.55 2.14 0.84 0.71 0.54
Intangible Assets 228.47 242.46 83.41 39.95 17.93
Investment Properties n/a n/a n/a n/a n/a
Investments 4.76 2.86 2.21 1.89 n/a
Other Financial Assets n/a n/a (0.01) n/a n/a
Other Non-Current Assets 0.83 0.58 1.69 3.01 1.03
  245.61 248.04 88.14 45.56 19.50
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 31.39 38.21 14.43 6.22 4.75
Cash at Bank & in Hand 42.03 26.79 15.66 5.35 7.30
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 5.05 3.74 4.24 2.64 1.85
  78.47 68.74 34.33 14.21 13.90
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 324.08 316.79 122.48 59.77 33.41
           
Liabilities          
Current Liabilities          
Borrowings 9.22 6.60 1.85 3.25 n/a
Other Current Liabilities 65.38 74.10 24.88 9.81 6.15
  74.60 80.70 26.73 13.06 6.15
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 40.94 31.66 12.77 10.58 n/a
Provisions 26.11 26.60 6.73 4.00 1.28
Other Non-Current Liabilities 8.44 9.01 0.83 1.43 0.84
  75.49 67.27 20.33 16.00 2.12
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 150.09 147.97 47.05 29.06 8.27
           
Net Assets 173.99 168.82 75.42 30.71 25.14
           
Capital & Reserves          
Share Capital 2.51 2.50 2.15 1.58 1.51
Share Premium Account 148.22 147.56 64.21 17.04 15.99
Other Reserves 13.11 14.60 7.85 13.53 7.51
Retained Earnings 10.15 4.16 1.22 (1.44) 0.14
Shareholders Funds 173.99 168.82 75.42 30.71 25.14
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 173.99 168.82 75.42 30.71 25.14
Cash Flow 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Net Cash Flow From Operating Activities 36.98 19.73 10.79 2.00 4.26
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (15.14) (111.52) (47.52) (15.70) (6.44)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (6.03) 102.43 47.57 11.57 5.09
Net Increase/Decrease In Cash 15.81 10.64 10.84 (2.13) 2.91
Ratios - based on IFRS 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
PE Ratio - Adjusted 29.4 21.0 33.8 26.7 37.3
PEG - Adjusted 0.6 0.3 0.6 0.5 0.4
Earnings per Share Growth - Adjusted 48% 64% 56% 59% 106%
Dividend Cover 19.48 6.60 6.70 6.14 5.40
Revenue per Share 17.65p 12.73p 6.96p 3.83p 2.70p
Pre-Tax Profit per Share 1.94p 0.47p n/a (0.16p) 0.16p
Operating Margin 12.79% 4.22% 3.70% 10.86% 9.19%
Return on Capital Employed 65.14% n/a n/a n/a 15.43%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 29.4 21.0 33.8 26.8 37.3
PEG - Adjusted 0.6 0.3 0.6 0.5 0.4
Earnings per Share Growth - Adjusted 48% 64% 56% 59% 106%
Dividend Cover 19.48 6.60 6.70 6.12 5.40
           
Dividend Yield 0.2% 0.7% 0.4% 0.6% 0.5%
Dividend per Share Growth (50.00%) 66.67% 42.86% 40.00% 50.00%
Operating Cash Flow per Share 5.02p 2.68p 1.46p 0.27p 0.58p
Cash Incr/Decr per Share 2.14p 1.44p 1.47p (0.29p) 0.40p
Net Asset Value per Share (exc. Intangibles) (7.39p) (9.99p) (1.08p) (1.25p) 0.98p
Net Gearing 4.67% 6.79% -1.38% 27.63% n/a

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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