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0.6¢ livetiles limited

Ann: Appendix 4C - 167% YoY growth delivers $40.1m ARR, page-23

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TaneNui

946 Posts.

31/07/19

18:46

Post #: 39794554
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Originally posted by alpha100: ↑

FWIW Citi has new research out with a buy/high risk rating and a target price of $1.05 (up from $0.94). The highlights are:

Momentum Continues, Reiterate Buy (1H) — With LVT having previously announced that its 4Q19 Annualised Recurring Revenue (“ARR”) grew +167% vs. pcp to $40.1m, all eyes were on the cashflow which was pleasing (see below). In light of today’s (30 Jul) disclosures, we lower our FY19 ARR by -4% but slightly increase FY21e ARR by +1% and we lower our FY20e-FY21e EBITDA by -$1m to - $2m to reflect a more conservative cost base. Our target price, however, increases +12% as the expansion of the high growth peer set EV/Sales multiple outpaces our downgrades.

and

We Remain Confident in the Outlook — We continue to expect FY20e to be a seminal year for LVT with the N3 sales force hitting full momentum, an incremental 7.5 month contribution from the Wizdom acquisition, Hyperfish increasing its prominence with the group and the ‘lumpy’ Bots offering also a contributor to growth.

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same report also notes there will soon be a requirement to raise capital, sometime in the next 3 months.

LVT Price at posting: 49.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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