This was posted recently by badkerning. Interesting that LVT employee Paul Conneally who actively promotes himself as a "Storyteller" (sounds more like an overpaid b*llshit artist to me - I know, hard to believe in a company run by the not-so-legendary Karl Redenbach!) says just after the 3 minute mark that LVT has "a global customer base of more than 1,400 grade enterprise-grade clients". Considering that the last reported number of customers for LVT was 1,114 then the company has just had by far the best quarter in its history, or Paul has faarked up - my money's clearly on the latter!! Not a great look for the company! However, I disagree with the notion that LVT has a product problem. Having watched the video and with the company's extensive list of absolutely A-grade clients this seems very unlikely. I do think their product range needs simplification though and this is something that they are working on at the moment apparently. The problems that the company has are leadership (Karl needs to go - I can't put it any simpler than that) and sales. For whatever reason, they just can't seem to sell the product effectively - I have no idea why but I plan to hang around for at least another couple of years in the hope that this will change. With it trading on a EV/ARR ratio of under 2.5 times it's difficult to believe it can go much lower unless the ARR actually starts to decline.
WE MUST ALL ENSURE THAT KARL GETS HIS FIRST STRIKE ON THE REMUNERATION REPORT AT THE AGM IN NOVEMBER - I WILL HAVE PLENTY MORE TO SAY ON THIS IN THE LEAD UP TO IT.
LVT Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
