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10:47
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Originally posted by alpha100
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Investors are rapidly losing perspective on LVT. Here's part of the latest Citi research (Buy/High Risk recommendation with a target price of $0.91). They forecast LVT will need to raise $25m in FY20 which probably won't be enough to get them to cashflow breakeven, but hopefully won't be too far off. Compare this future relatively minor need for capital (in return for most likely the best revenue growth profile on the ASX) to the current market cap. of $190m (although this will presumably be lower today) and the stock looks well undervalued to me.LiveTiles Limited (LVT.AX)“Great Confidence” in FY19e Reiterating Buy — Following the recent Annualised Recurring Revenue andKey Insights —lower than 1Q19e ($13.4m).gross cash burn of $13.2m vs. 1Q19 cash balance of $32m).Outlook Rhetoric Was Very Optimistic — LVT has “great confidence” in FY19e,“expecting significant growth in customer receipts in 2Q19e” and N3 is generating“rapid sales pipeline growth” . We expect FY19e to be a seminal year for LVT with
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If there is a worse stock exchange in the world than the ASX I'm yet to find it .Terrified is a word that comes to mind .They just don't get it with tech stocks with a future.
