Shares in Learning Technologies (LTG) have enjoyed strong momentum in recent weeks, buoyed by a recent bout of encouraging news. In January, the e-learning group revealed huge revenue growth for the year to December 2017, while noting adjusted operating profit and cash had beaten market expectations.
Earlier in February, LTG appointed Goldman Sachs as joint corporate broker alongside Numis. This makes it the only Aim-traded company to have employed Goldman in such a capacity. A serious, if not totally surprising coup: we reckon the bank’s reputation in M&A should suit LTG well, given the company’s focus on consolidating the fragmented corporate e-learning market.
Between these two announcements, chief executive Jonathan Satchell sold 3m shares at 75p each, equal to £2.3m. He retains a 17.4 per cent stake in LTG. Chief strategy officer Piers Lea sold 3m shares for the same amount, leaving him with a stake of around 2.3 per cent. The company said the sales were made to satisfy institutional buying demand.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
AFH Financial | Mark Chambers | 09 Feb 18 | 3,217 | 341 | 10,970 | 38,217 | 0.101 |
AFH Financial♥ | Mark Chambers | 09 Feb 18 | 5,857 | 341 | 19,972 | 44,074 | 0.117 |
Accrol | Dan Wright (ch) | 08 Feb 18 | 50,000 | 33.5 | 16,750 | 250,000 | 0.194 |
Accrol | Dan Wright (ch) | 08 Feb 18 | 65,168 | 37 | 24,112 | 315,168 | 0.244 |
Accrol | Dan Wright (ch) | 08 Feb 18 | 100,000 | 36.5 | 36,500 | 415,168 | 0.322 |
B.P. Marsh & Partners | Campbell Scoones | 08 Feb 18 | 5,000 | 255 | 12,750 | 51,000 | 0.175 |
B.P. Marsh & Partners | Pankaj Lakhani | 08 Feb 18 | 5,000 | 255 | 12,750 | 35,000 | 0.120 |
B.P. Marsh & Partners | Nicholas Walker | 08 Feb 18 | 9,804 | 255 | 25,000 | 9,804 | 0.034 |
B.P. Marsh & Partners♥ | Nicholas Walker | 08 Feb 18 | 9,804 | 255 | 25,000 | 19,608 | 0.067 |
Cineworld | Dean Moore | 12 Feb 18 | 15,000 | 222.6 | 33,390 | 15,000 | 0.005 |
Halma | Roy Twite | 09 Feb 18 | 2,000 | 1,181 | 23,620 | 4,000 | 0.001 |
Henderson International Income Trust | Aidan Lisser | 13 Feb 18 | 6,350 | 159.15 | 10,106 | 26,148 | 0.015 |
Henderson Smaller Companies Investment Trust | Mary Sieghart | 08 Feb 18 | 1,500 | 855 | 12,825 | 9,038 | 0.012 |
Intermediate Capital | Stephen Welton | 12 Feb 18 | 25,000 | 1,022 | 255,500 | 40,000 | 0.014 |
JPMorgan Japan Smaller Companies Trust | Alexa Henderson | 13 Feb 18 | 4,692 | 419 | 19,659 | 4,692 | 0.009 |
NEX | Anna Ewing | 08 Feb 18 | 2,500 | 646 | 16,150 | 5,000 | 0.001 |
National Grid♥ | Peter Gershon (ch) | 13 Feb 18 | 6,500 | 742.55 | 48,266 | 90,000 | 0.003 |
North Atlantic Smaller Companies Inv Trust | Christopher Mills (ce) | 14 Feb 18 | 2,000 | 2,655 | 53,100 | 3,666,000 | 25.413 |
Polymetal International | Marina Grönberg | 08 Feb 18 | 3,000 | 741 | 22,230 | 31,400 | 0.007 |
Polymetal International | Marina Grönberg | 08 Feb 18 | 5,000 | 731 | 36,550 | 28,400 | 0.007 |
QinetiQ | David Smith (cfo) | 09 Feb 18 | 10,188 | 196.3 | 19,999 | 63,441 | 0.011 |
Shaftesbury | Richard Akers | 12 Feb 18 | 3,000 | 949.01 | 28,470 | 5,000 | 0.002 |
SigmaRoc | Garth Palmer (fd) | 08 Feb 18 | 94,594 | 37 | 35,000 | 109,594 | 0.080 |
St Modwen Properties | Rob Hudson (fd) | 08 Feb 18 | 24,666 | 403.34 | 99,488 | 76,985 | 0.035 |
St Modwen Properties | Rob Hudson (fd) | 08 Feb 18 | 24,794 | 401.26 | 99,488 | 52,319 | 0.024 |
TalkTalk Telecom* | Charles Bligh | 08 Feb 18 | 65,256 | 107 | 69,824 | 859,516 | 0.075 |
TalkTalk Telecom* | Ian West | 08 Feb 18 | 18,691 | 107 | 19,999 | 364,714 | 0.032 |
TalkTalk Telecom* | Kate Ferry (cfo) | 08 Feb 18 | 139,835 | 107 | 149,623 | 139,835 | 0.012 |
TalkTalk Telecom* | John Gildersleeve | 08 Feb 18 | 46,728 | 107 | 49,999 | 291,866 | 0.025 |
TalkTalk Telecom* | Nigel Langstaff | 08 Feb 18 | 186,915 | 107 | 199,999 | 299,736 | 0.026 |
TalkTalk Telecom* | Roger Taylor | 08 Feb 18 | 4,672,896 | 107 | 4,999,999 | 9,826,688 | 0.857 |
TalkTalk Telecom* | Charles Dunstone (ch) | 12 Feb 18 | 32,710,280 | 107 | 35,000,000 | 326,769,676 | 28.507 |
TalkTalk Telecom* | Tristia Harrison (ceo) | 08 Feb 18 | 279,671 | 107 | 299,248 | 1,762,282 | 0.154 |
Tate & Lyle♥ | Gerry Murphy (ch) | 13 Feb 18 | 10,000 | 571.1953 | 57,120 | 20,000 | 0.004 |
U and I♥ | Peter Williams (ch) | 12 Feb 18 | 25,000 | 199.58 | 49,895 | 100,000 | 0.080 |
UP Global Sourcing | Jim McCarthy (ch) | 12 Feb 18 | 300,000 | 33.4 | 100,200 | 800,000 | 0.974 |
Volex | Dean Moore | 12 Feb 18 | 15,000 | 67.8 | 10,170 | 15,000 | 0.017 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
AB Dynamics | Tim Rogers (ceo) | 09 Feb 18 | 150,000 | 785 | 1,177,500 | 192,953 | 0.995 |
B.P. Marsh & Partners♥ | Brian Marsh (ch) | 08 Feb 18 | 215,820 | 255 | 550,341 | 17,768,581 | 60.869 |
Bango* | Gianluca D'Agostino | 08 Feb 18 | 18,000 | 177.5 | 31,950 | 19,500 | 0.028 |
Central Asia Metals | Kenges Rakishev | 09 Feb 18 | 10,605,876 | 275 | 29,166,159 | 0 | 0.000 |
Cranswick | John Bottomley (fd) | 12 Feb 18 | 875 | 3,054 | 26,723 | 86,139 | 0.169 |
Cranswick♥ | John Bottomley (fd) | 12 Feb 18 | 7,125 | 3,054 | 217,598 | 79,014 | 0.155 |
Entertainment One | Darren Throop (ceo) | 13 Feb 18 | 1,170,005 | 293.12 | 3,429,519 | 8,854,003 | 1.971 |
Entertainment One | Darren Throop (ceo) | 14 Feb 18 | 183,862 | 291.21 | 535,425 | 8,670,141 | 1.931 |
Euromoney Institutional Investor | Patrick Sergeant (p) | 12 Feb 18 | 13,265 | 1150 | 152,548 | 152,039 | 0.139 |
Euromoney Institutional Investor♥ | Patrick Sergeant (p) | 13 Feb 18 | 3,828 | 1,146 | 43,869 | 101,476 | 0.093 |
Euromoney Institutional Investor♥ | Patrick Sergeant (p) | 13 Feb 18 | 20,000 | 1,140 | 228,000 | 105,304 | 0.097 |
Euromoney Institutional Investor | Patrick Sergeant (p) | 13 Feb 18 | 26,735 | 1,140 | 304,779 | 125,304 | 0.115 |
Learning Technologies | Jonathan Satchell (ceo) | 12 Feb 18 | 3,000,000 | 75 | 2,250,000 | 100,139,995 | 17.445 |
Learning Technologies | Piers Lea | 12 Feb 18 | 3,000,000 | 75 | 2,250,000 | 13,023,383 | 2.269 |
* placing/tender/open offer ♥ spouse/connected party |