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LVT - LIVETILES LIMITED


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They may look like an upstart, but the Microsoft connection caused the Market to take notice.

 

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I took a small start position - still at the speccie stage.

It may well pull further back, or the next announcement could light a fuse.

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Inverted Head and Shoulders? Price and Volume increase *2?

Definitely some buying interest - and no news.

Last report dates back from 25 Feb.

 

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I hold again.

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Received a mention here - LiveTiles founder says market doesn't get software-as-a-service 'hyper growth'

extract

The Australian market doesn't understand the 'hyper growth' business model of software-as-a-service companies, the co-founder of LiveTiles said after queries from the Australian Stock Exchange on its cash burn triggered a $20 million capital raising.

 

The company requested a trading halt on Wednesday and it was subsequently leaked to The Australian Financial Review's Street Talk column that a placement, managed by Blue Ocean Equities and Moelis Australia, would raise up to $20 million at 45 cents per share.

 

The $220 million company's last capital raise was a $12 million placement at 18 cents per share last August.

 

The bourse's 'please explain' campaign in the small cap software-as-a-servce sector had extended on February 6 to LiveTiles' cashflow, after already suspending GetSwift and Buddy Platform for unsatisfactory answers to queries about potentially over-hyped contract valuations

 

Read more: http://www.afr.com/technology/livetiles-fo...e#ixzz5795FTU00

https://www.shortman.com.au/stock?q=lvt

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LiveTiles is an Australian IT company that specialises in the development of intranet portals and online working environments for corporate clients. It aims to deliver intelligent, cloud-based software solutions that optimise user experience, increasing employee engagement and productivity in the workplace.

 

According to its own website, LiveTiles has already worked with some big name international clients including food and beverage giant PepsiCo, German conglomerate thyssenkrupp and the United States Department of State. LiveTiles has also continued to cosy up to Microsoft in the United States (US), partnering with the global computing giant in the release of a new SharePoint product in May.

 

In its most recent quarterly activity report, released to the market last week, LiveTiles announced that annualised recurring revenues had reached record high levels of $40.1 million by 30 June 2019. Thatâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s up from $34.5 million as at the end of March, and an increase of more than 10 times in just two years.

 

The LiveTiles share price has been bouncing around all over the place so far this year, but overall itâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s still up almost 60% since January. However, with a price hovering around 50 cents per share, and a market cap of just $350 million, itâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s an up and coming tech stock thatâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢s not yet made it onto many investorsâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢ radars.

Motley Fool
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LiveTiles announces voluntary delisting

The Delisting is considered by the Board to be in the best interests of the Company for a number of reasons, including

  • underperformance of the trading price of the Company’s shares,
  • relatively low levels of trading liquidity and
  • a number of flow on consequences which are set out [in the Announcement].
  • These factors, as well as the costs and administrative burden of remaining listed on ASX, outweigh the benefits associated with remaining listed.

Down 50% to 3c. Was 70c in 2019. Reports are that the company is arguing that investors would be better off if the company was acquired by an American group or headed to the Nasdaq. Or whatever.

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