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.

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.

Dil - your targets have always looked rather optimistic to my naturally grumpy nature, but you may take some comfort from recent IPO on NASDAQ of Pluralsight Inc. They have a broadly similar offering to LTG, if not directly comparing apples with apples, Revenue in 2017 was $165M and they managed a pretax loss of $96M. Comparatives for 2016 were $131M and loss £20M. Listed at $15, it went to a 33% premium on day 1 and now has market cap $2.8Billion!! I simply do not understand, but your targets are beginning to look more realistic - especially if Peoplefluent proceeds as anticipated this week, increasing further LTG trade in the USA.

Right then call me stupid if I've got this wrong but has some non executive director just bought £400k's worth at 107p ?

Manners, Dil. This not just "some non exec director" but the charming, bright and engaging Leslie-Ann Read (who must also have deep pockets). She also bought over 900,000 shares at 98p in the recent placing for the Peoplefluent purchase. That has now completed and signs remain very encouraging - on the face of it, Leslie-Ann must think so. Note also however that COO Dale Solomon has exercised options and sold just over 1m shares at 107p for "family" reasons. Not selling mine any time soon, but always dyor.

Peel Hunt and Numis have recently set price targets of 140p and 132p respectively - Dil, are you working for them?! Half year results due end of September will need to be strong, but I suspect they will be. Always dyor

I lead they follow :-)

I'm keeping my target for the year at 138p and will not be updating it until after the results.

Splendid set of interim figures, albeit lots of one-offs because of the nature of their growth. My simplistic approach of looking at the cash flow when too difficult to take in all the profit/loss elements shows that in the first half they generated not far short of all the cash last year. Thank heaven for ISAs.