Formed when In-Deed online acquired privately owned Epic last November. Epic part owned by Andrew Brode, chairman of RWS Holdings, which has superb record and he became chairman of LTG, encouragingly taking shares for most of the sale consideration of Epic. Stated intention is to grow the online learning business ( a fairly fragmented market) from current sales £7.7M to around £50M, via both acquisitions and organic growth. Acquisition record at RWS has been exemplary and if it can be repeated here then lots of potential. Brode aged 73, so lots of experience/wisdom imo. Results for 2013 due next month. Early days, but I have put a toe in the water and may add if results look good, but always dyor.

Some hefty director sales, although non Exec has added a few. I believe that Canaccord Genuity has recently started coverage, which might explain some of the unusual volume last week. Awaiting trading statement a little more uneasily....always dyor.

Good trading statement , intergration going well and revenues up over 65%.

The bit I really like is "Rustici has continued to expand its recurring licence business at a pace beyond our expectations". Strong dollar will ony help Rustici earnings on translation into sterling. Still think there may be some significant one off costs over NetD purchase, so not expecting fireworks with interim results in September, but overall the prospects for next few years now looking very good imo. Always dyor.

Share price has slipped since that update. I've re-read it in case I missed summat - but it still reads good to me.

H1 Results are expected on 18 September. If those are accompanied by an outlook statement regarding H2, methinks that should bump up the share price. Meanwhile here is the full text of that July 21 Trading Update:

Trading Update

Learning Technologies Group plc ("LTG" or "the Group"), the leading integrated e-learning services and technologies provider, is pleased to announce the following update for the half year ending 30 June 2017.

The Board is pleased to report that LTG has made excellent progress over the period delivering on its strategic ambition of building an international business with annualised revenues in excess of GBP50 million and strong operating margins. The Board expects the Group to achieve record revenues of not less than GBP20.8 million for the first half compared to GBP12.8 million in the first half of 2016, an increase of 62.5%.

On 20 March 2017, LTG declared its offer for NetDimensions (Holdings) Limited ("NetDimensions"), the integrated enterprise talent management software platform provider, unconditional in all respects. NetDimensions' proprietary LMS platform enhances the range and scope of LTG's services across the globe, whilst complementing our existing portfolio of businesses and further accelerating growth.

The Board is pleased to report that the integration of NetDimensions into the Group has been successfully completed on time. The transformation program will continue during the second half of 2017, with the full-year synergies and settled cost base being realised from the beginning of 2018 as planned. NetDimensions' customer support teams have been relocated to the geographical territories that they serve, hosting services are being migrated to our centre of excellence in Nashville, and we are investing in our core technology team headquartered in Hong Kong. We have hired a new Global Head of Sales, and we are investing in the development of NetDimensions' reseller network, as well as leveraging Group central services such as marketing, HR and IT support.

The strategic progress in the first half of the year has been underpinned by strong organic growth in LTG's other businesses and our period end order book is at record levels, demonstrating excellent momentum as we enter the traditionally stronger second half.

LEO, the Group's comprehensive solutions provider, has achieved 50% growth in sales compared with the first half of 2016 and built a strong sales pipeline for the second half of the year. The Civil Service Learning contract, being delivered alongside our strategic partner KPMG UK LLP, is progressing well and in line with expectations.

Preloaded, our 'games with purpose' division has performed very well, delivering a prestigious VR learning simulation for the Science Museum and Eukleia is seeing an increase in demand with the introduction of MiFID II regulations.

Our software licence businesses are performing strongly; gomo has won a number of key enterprise contracts with its industry leading cloud-based multi-device authoring tool whilst Rustici has continued to expand its recurring licence business at a pace beyond our expectations.

Together with NetDimensions, the Group continues to build recurring revenues and to diversify our business outside of the UK market.

LTG continues to drive strong operating cash flows. At 30 June 2017 gross cash was GBP11.5 million (31 December 2016: GBP5.3 million) and net debt was GBP6.1 million (31 December 2016: GBP8.5 million). After adjusting for funds due to remaining NetDimensions' shareholders and net payments due as a result of the exercise of share options just prior to the end of the period, adjusted net debt was GBP9.8 million at 30 June 2017.

The Group's Interim results will be announced on 18 September 2017.

Andrew Brode, Chairman of LTG, said:

"LTG continues to make excellent progress as the market leader in the high growth and dynamic e-learning sector. Our acquisitions, including most recently NetDimensions, have all been integrated to plan as we build out our full-service learning technology offer. This strategic progress has been accompanied by strong underlying organic growth as we harness and integrate these technologies to deliver improved outcomes for our clients. As a result of the momentum in the business, the Board looks forward to the second half and beyond with confidence."

Confident tone with interim results, but fact is that they made a post tax loss of just under £2M in the first half. Underlying growth looks strong and cash generation is solid. NetD issues should be sorted by end of 2017, so happy to stay with it. Always dyor.

Wait til someone like SCSW start covering them ... they'll go ballistic.

Hitting new highs today on the back of its announcement of new targets.

Presentation later.

The rise since results has been on the back of unprecedented volumes.

My back of a fag packet calculations have given me an 85p price target by end of 2018.

Finished the year on a new high.

Think I'm going to have to revise my target soon.

Not like you to do a bit of ramping Dil. Year end trading update mid January should reveal level of success so far in combined cost savings of Net D acquisition (hoped for $8M p.a.) - and whether that has had any detrimental effect on revenues. If all is well there, other business looks very strong and you may perhaps be right! Have held nearly four years and hope the progress over the next four is as good, but always dyor.

Had mine almost a year now partridge and very happy with their performance during that time.

Massive volume today , what's that all about ?

Long time since I looked in here but still holding, although I did topslice (a bit prematurely) in the summer. Looking forward to the update, the profits for 2017 expected to be boosted by the accelerated contract they mentioned in the last update (though will be interesting to see what they say about the space that will leave for 2018-19).

Been more than happy with my investment here (thanks to partridge who first drew my attention to the company) which has pretty much exactly doubled from my original buy in 2016. Like the management and they just keep delivering the goods.

Nice one microscope , 3 happy bunnies now not just two.

Another new high today.

Trading update coming on Monday, confirmed by poster 'brode2' in the 'other place'.... I am assuming it's Andrew, though you never know over there lol!!

Excellent update. Thank goodness for ISAs, brilliant for buy/hold investors in the long term. Hoping for similar good news from Andrew Brode's other vehicle RWS Holdings next month.

Indeed; excellent update.

Log chart shows how solidly this has progressed as a buy-and-hold investment:

Can I revise my year end forecast now please partridge ?

:-)

Numis has already updated and has a new target of 90p , probably hit that by Friday.

My latest back of a fag packet calculation gives a new year end price target of 115p.

Enjoy the ride.

Not a bad morning's work! :) Simply superb update. Following superb management is the easiest way to invest, as you say buy and hold stocks. And LTG certainly have the right people running the show.

Targetting 100 million turnover in 2020 so another doubling effectively, and talking about governments choosing them as their trusted partner!

Impressive.

OK Dil - you may. Like you, I have been around long enough to know that share prices do go down as well as up, but best to hold/add to well run businesses in attractive markets whilst the story does not change. Story here has only changed for the better over the last few years, so again holding on to what is now one of my larger interests. Your fag packet target looks a bit optimistic to me, (think there may be some wanting to bale out if it reaches 100p) but I would be delighted if you are again proved right.