Close Learning Technologies (LTG) – at market (99.2p)

With the acquisition of Learning Technologies Group moving forward, we believe it is best to close our position. The takeover process has now reached the final stages, meaning the share price is effectively tied to the agreed offer terms, limiting any potential recovery. Holding on in the hope of a better outcome no longer seems justified given the circumstances.

The decision to exit at a loss is never ideal, but with the required shareholder approvals secured, there is little reason to stay invested. The stock is likely to remain range-bound as it moves through the final regulatory and court approvals, leaving little room for upside. At this stage, the risks of continued exposure outweigh any potential benefits.

Profit/Loss = -35.5%