VMK, on the point about moats and LVT's business model. I get they build and sell SaaS software to build intranets. My point is that doing that isn't hard,i.e. they are not solving a difficult or technical business problem. I agree with the comments on multiples etc. My experience in fintech SaaS is that the multiple will increase a bit if the SaaS software solves a difficult business problem. Forecast future growth rates of ARR is the main driver as you point out. LVT is really a point solution that as someone else pointed out could get bought out to be part of a bigger solution, e.g. Skype by Microsoft (that's a +ive comparison!). Apart from the moat the 2 key execs salaries, bonuses, shares and loans are the biggest worry for me. It is heads I win, tails you lose for them. Have a look at the directors report remuneration section. Unbelievable.
LVT Price at posting:
27.5¢ Sentiment: None Disclosure: Not Held
