Ann: Q1 ARR $42.9m, confirms strong outlook, page-101

I’m just doing some comparisons between LVT and MP1 and looking at the broker research from Citi on LVT and MP1 from UBS. LVT seems to be about a year behind MP1 in terms of where their respective revenues sit currently but according to these reports LVT’s is forecast to catch up to the extent that the revenue and EBIT numbers for the two companies are very similar in FY2022. MP1’s market cap is $1.34b compared to LVT’s at well less than $300m. This difference is pretty ridiculous IMO and is just one demonstration of how far LVT has to run if they go anywhere near delivering on their potential.