Company Report
Last edited 4 years ago
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Performance (60m)
2.4% pa
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#Bull Case
stale
Last edited 5 years ago

Recent share placement at $0.35 per share has put a dampener again on the upward movements LVT does experience from time to time. 

Very volatile movements both up and down. Its need to be comfortable with such movements as a holder. 

LiveTiles FY19 Net Loss A$42.8 Million 

Definate Long term opportunities: 

Karl Redenbach, Co-Founder and Chief Executive Officer of LiveTiles stated:

 - “LiveTiles is the only global player and clear market leader in the rapidly emerging intranet software market. Our strong growth trajectory has seen the Company’s annualised recurring revenue grow 10- fold over the last two years. Notwithstanding our recent strong growth, we believe this market to be only 1% penetrated and that customers and partners are only starting to realise the potential of our platform.”

“We are pleased to secure additional growth capital from high quality Australian and US-based institutional investors, providing LiveTiles with additional capital to support our vision of reaching our annualised recurring revenue target of $100 million by 30 June 2021.”

#Risks
stale
Added 5 years ago

Recent weakness in SP sharp 5 day consecutive drop - volitily swings in LVT not uncommon

Speculation around changes in managment - CFO Matt Brown 

(Transition not communicated effectively as to reasons for change, Brown stepping down from the board and moving into a different role in an advisory capacity, focusing on strategic initiatives - New CFO Rowan Wilkie brought in to support LiveTiles’ ongoing rapid global growth).

Citibank still has a price target of $0.94