Learning Technologies Group (LTG)

Sector:

IT Services

Index:

FTSE AIM 50

77.60p
   
  • Change Today:
    -1.90p
  • 52 Week High: 130.60
  • 52 Week Low: 59.80
  • Currency: UK Pounds
  • Shares Issued: 790.76m
  • Volume: 2,742,135
  • Market Cap: £613.63m
  • RiskGrade: 177

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend0.45p0.45p0.30pn/an/a
Final Dividend1.21p1.15p0.70p0.50pn/a
Total Dividend1.66p1.60p1.00p1.25p0.25p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 562.30 588.59 258.23 132.32 130.10
Operating Profit/(Loss) 58.28 49.31 11.66 14.85 16.39
Net Interest (13.10) (10.05) (2.33) (1.38) (2.09)
Profit Before Tax 45.61 40.50 9.33 13.47 14.30
Profit After Tax 32.59 30.43 14.92 17.40 10.87
Discontinued Operations          
Profit After Tax (3.14) (0.02) n/a n/a n/a
PROFIT FOR THE PERIOD 29.45 30.41 14.92 17.40 10.87
Attributable to:          
Equity Holders of Parent Company 29.45 30.41 14.92 17.40 10.87
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 4.12p 3.86p 1.96p 2.45p 1.63p
Earnings per Share - Diluted 3.98p 3.71p 1.88p 2.38p 1.58p
Earnings per Share - Adjusted 8.07p 3.31p 5.23p 4.42p 4.87p
Continuing and Discontinued EPS          
Earnings per Share - Basic 3.72p 3.86p 1.96p 2.45p 1.63p
Earnings per Share - Diluted 3.60p 3.71p 1.88p 2.38p 1.58p
Earnings per Share - Adjusted 7.68p 8.44p 5.23p 4.42p 4.87p
           
Dividend per Share 1.66p 1.60p 1.00p 1.25p 0.25p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 9.03 14.66 20.48 9.83 11.55
Intangible Assets 493.02 545.21 547.37 256.28 228.47
Investment Properties n/a n/a n/a n/a n/a
Investments n/a n/a n/a n/a n/a
Other Financial Assets n/a n/a 1.02 n/a n/a
Other Non-Current Assets 8.24 7.25 4.03 8.31 5.05
  510.29 567.13 572.90 274.43 245.07
Current Assets          
Inventories 1.26 2.43 1.10 n/a n/a
Trade & Other Receivables 127.49 152.79 140.64 37.20 31.39
Cash at Bank & in Hand 72.52 94.85 83.85 88.61 42.03
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 36.15 44.26 34.83 4.61 5.05
  237.43 294.33 260.42 130.43 78.47
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 747.71 861.46 833.32 404.86 323.54
           
Liabilities          
Current Liabilities          
Borrowings 34.51 41.80 44.26 9.88 9.22
Other Current Liabilities 145.21 183.34 176.94 73.17 65.38
  179.72 225.13 221.20 83.04 74.60
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 127.90 187.74 202.85 18.80 40.94
Provisions 6.36 13.36 33.18 26.32 26.11
Other Non-Current Liabilities 6.50 8.93 4.76 7.64 6.34
  140.76 210.02 240.78 52.75 73.39
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 320.48 435.16 461.98 135.79 147.99
           
Net Assets 427.23 426.30 371.34 269.07 175.54
           
Capital & Reserves          
Share Capital 2.97 2.96 3.03 2.85 2.51
Share Premium Account 318.70 318.18 317.11 231.67 148.22
Other Reserves 33.58 49.49 14.97 9.52 13.11
Retained Earnings 71.98 55.66 36.22 25.02 11.71
Shareholders Funds 427.23 426.30 371.34 269.07 175.54
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 427.23 426.30 371.34 269.07 175.54
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 79.49 71.95 37.53 39.85 36.98
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 (13.65) (9.31) (320.20) (45.22) (15.14)
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 (84.87) (58.78) 277.59 53.15 (6.03)
Net Increase/Decrease In Cash (19.02) 3.86 (5.09) 47.79 15.81
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 10.0 34.8 34.0 41.2 29.4
PEG - Adjusted 0.1 n/a 1.9 n/a 0.6
Earnings per Share Growth - Adjusted 144% -37% 18% -9% 47%
Dividend Cover 4.86 2.07 5.23 3.53 19.46
Revenue per Share 71.11p 74.43p 0.33p 16.73p 16.45p
Pre-Tax Profit per Share 5.77p 5.12p 0.012p 1.70p 1.81p
Operating Margin 10.36% 8.38% 4.52% 11.23% 12.60%
Return on Capital Employed 57.00% 40.77% 0.11% 21.92% 70.21%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.5 13.7 3,370.5 41.2 29.4
PEG - Adjusted n/a 0.0 n/a n/a 0.6
Earnings per Share Growth - Adjusted -9% 15,905% -99% -9% 47%
Dividend Cover 4.63 5.28 0.05 3.53 19.46
           
Dividend Yield 2.0% 1.4% 0.6% 0.7% 0.2%
Dividend per Share Growth 3.75% 60.00% (20.00%) 400.00% (50.00%)
Operating Cash Flow per Share 10.05p 9.10p 4.75p 5.04p 4.68p
Cash Incr/Decr per Share (2.41p) 0.49p 0.006p 6.04p 2.00p
Net Asset Value per Share (exc. Intangibles) (8.32p) (15.04p) (22.26p) 1.62p (6.69p)
Net Gearing 21.04% 31.59% 43.96% -22.28% 4.63%

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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