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.

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.

Just looking at your original post in this thread, partridge - targets met! :)

"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."

Thanks micro - I was particularly pleased with the bit in today's announcement that shows now in net cash. Easy for management to get distracted by rapid sales growth, forgetting the costs side, but LTG still looks to have a grip on the nitty gritty. Growth in recurring incomes also a big plus and will provide extra support going into 2018. Always dyor.

partridge , re the 115p target - my calculations gave an original target of 105p but in my experience once a major number like 100p is pierced then the price often runs another 20% soon after for no apperent reason.

I promise to keep quiet now til we hit a quid :-)

Price recovering after market wobble last week and some director/PDMR sales. Announcement today of Goldman Sachs as joint corporate broker perhaps suggests some more action soon (in the USA?).Results due 19th March, but we may have more news before then!

Excellent set of numbers for 2017 and "current trading ahead of management expectations". High level of intangible amortisations depresses profits but not cash - now nil net debt thanks also to some hefty advance payments received. Fairly muted response to the results, which were expected to be good. LTG has a lot to live up to, but so far not put a foot wrong. Always dyor.

Broker upgrades likely but I'm sticking to my 115p target for 2018 for now.

Berenberg have reiterated its buy rating and raised its target from 80p to 105p.

I'm sticking with my 115p target for 2018.

New high today.

Woo hoo , through the quid mark today and next stop 115p !

2 quid by xmas fill yer boots :-)

Huge acquisition announced tonight!

"Proposed Acquisition of PeopleFluent for $150 million (GBP107 million)

Transformational for US presence

Immediately and significantly earnings enhancing"

Welcome to the big time, LTG

My new price target for 2018 is 138p with 180p pencilled in for 2019.

Placing went well , 98p they got it away at.

Another big morsel to swallow, but first rate execution so far and I continue to hold. Peoplefluent expected to be "immediately and significantly earnings enhancing, based on expected completion by 31st May". Don't understand the reasoning behind LTG owning 100% of Jersey SPV holding the placing cash (rather than the cash itself). Always dyor.

Nice to see directors digging deep into their pockets at the placing. Makes a big change from certain others where the chief executives filled their boots into the rise by exercising options or founder shares. Must be worth a punt.