LVT

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0.6¢ livetiles limited

the company increases rev by $16M but increases spending on...

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Kingz

168 Posts.

28/08/19

06:29

Post #: 40185466

Originally posted by Kingz: ↑

what a report. looking at the comparatives shows some interesting facts...
One of the common red flags is that everybody is making huge gains in LVT from contractors and related parties, management,directors, staff, bonus payments, brokers, other professionals except the shareholders who are left to scratching their heads as to how to distribute the net loss of $42M. Once again, I am highlighting some red flag areas from the report for the shareholders.
2019 2018 Net Increases Red Flags
1 Revenue 18,091,882 5,684,565 218%
2 Other Income 4,393,967 752,699 484%
3 22,485,849 6,437,264 249% 16,048,585
4 Expenses
5 Employee benefit expense -23,229,637 -12,386,276 88% 10,843,361 very high wage growth, more than normal CPI
6 Contractors -16,546,673 -5,142,674 222% 11,403,999 related parties hmmm
7 Marketting Expense -3,492,437 -2,983,985 17% 508,452
8 Travel and Entertainment expense -3,718,675 -2,957,308 26% 761,367
9 Professional Fees -1,980,990 -864,333 129% 1,116,657 for what…audit fees, broker costs hmm
10 Rent and Other office Costs -2,340,742 -1,397,925 67% 942,817
11 Information Technology Costs -880,302 -661,104 33% 219,198
12 other Expenses -2,258,233 -722,525 213% 1,535,708
13 Depreciation Expense -123,494 -23,480 426% 100,014
14 Amortisation Charge of Intangibles -3,788,432 -1,391,336 172% 2,397,096
15 Share based payment expense -9,169,722 -972,703 843% 8,197,019 no brainer here
16 Unrealised Currency gain/loss 1,944,508 1,271,105 53% -673,403
17 -65,584,829 -28,232,544 132% 37,352,285 almost double the increase in revenue...
18
19 Net Loss before income tax -43,098,980 -21,795,280 98%
20 Income Tax 333,391 -263,704
21 Net Loss after tax -42,765,589 -22,058,984 94% Amount left to be distributed to shareholders…GLTAH
Expand
the company increases rev by $16M but increases spending on staff salary and contractor payments by more than $22M.

blink blink a couple of capital raising looks to be in the near future ... probably for Christmas Boxing Day sale spending....

GLTAH :)

Last edited by Kingz: 28/08/19

LVT Price at posting: 40.0¢ Sentiment: None Disclosure: Held

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0 Great analysis

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the company increases rev by $16M but increases spending on...

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		2019	2018		Net Increases	Red Flags
1	Revenue	18,091,882	5,684,565	218%
2	Other Income	4,393,967	752,699	484%
3		22,485,849	6,437,264	249%	16,048,585
4	Expenses
5	Employee benefit expense	-23,229,637	-12,386,276	88%	10,843,361	very high wage growth, more than normal CPI
6	Contractors	-16,546,673	-5,142,674	222%	11,403,999	related parties hmmm
7	Marketting Expense	-3,492,437	-2,983,985	17%	508,452
8	Travel and Entertainment expense	-3,718,675	-2,957,308	26%	761,367
9	Professional Fees	-1,980,990	-864,333	129%	1,116,657	for what…audit fees, broker costs hmm
10	Rent and Other office Costs	-2,340,742	-1,397,925	67%	942,817
11	Information Technology Costs	-880,302	-661,104	33%	219,198
12	other Expenses	-2,258,233	-722,525	213%	1,535,708
13	Depreciation Expense	-123,494	-23,480	426%	100,014
14	Amortisation Charge of Intangibles	-3,788,432	-1,391,336	172%	2,397,096
15	Share based payment expense	-9,169,722	-972,703	843%	8,197,019	no brainer here
16	Unrealised Currency gain/loss	1,944,508	1,271,105	53%	-673,403
17		-65,584,829	-28,232,544	132%	37,352,285	almost double the increase in revenue...
18
19	Net Loss before income tax	-43,098,980	-21,795,280	98%
20	Income Tax	333,391	-263,704
21	Net Loss after tax	-42,765,589	-22,058,984	94%		Amount left to be distributed to shareholders…GLTAH

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