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0.6¢ livetiles limited

23 months invested loss = 23%, page-3

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405 Posts.

249

14/01/21

17:30

Post #: 50174603
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Originally posted by BigBombr: ↑

To say I'm not happy with myself for putting up with 23 months of poor performance, just shows the toll of investing in LVT, & getting in wrong by picking the wrong Tech stock. Just kept reading the glowing announcements, and hoping it would lead to a meaningful growth in SP, yet invariably seeing a short spike in SP followed by significant decline thereafter.
All looks solid with its announcements / well put together financials, glossy pages, etc well that is until you actually read the financials/numbers & especially the profit / LOSS of $116.0M over 5 years...then realise they're still not hitting 1/4 ARR targets...management taking bigger salaries than justified (against like for like companies), directors regularly selling shares in 2020, & clearly no focus on cost.
Hope is not a strategy. Time to move on. GLTAH.

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I understand your frustration but would suggest waiting for 2 more weeks until we get the next quarterly....

Just from a pure risk/reward basis...

LVT Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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