Livetiles’s core business is really making it easier for businesses to enhance, manage and customise their internal SharePoint environment without having to write or pay for additional code. This saves them time and money. As a professional in the IT sector, I network with a lot of other IT professionals and recently I asked one whether they knew about Livetiles. They said yes but wished they had found out about them earlier because it would’ve saved them a lot of time upgrading their SharePoint platform/company intranet. Livetiles also acquired a business called Hyperfish that uses AI to update a company’s contact list and I believe they have other AI functionality such as internal chat bots that assist employees source company content without having to speak to someone personally. Therefore most of what they do is productivity enhancement. As I understand their core business and I can see over 200% ARR growth, I am happy to sit in this stock even though my average entry price is around 60c. Another factor that gives me confidence about this stock is that I feel Microsoft wouldn’t have allowed Livetiles to consult and sell to it’s entire global partner network if they thought they were dickheads. I’m not too impressed by their cash burn but I guess in the US tech sector they need to pay up to get the best talent. While I would’ve liked to have traded the stock from 60 to 75c last year before they cap raised and got back in now for obvious reasons, I’m happy to stay here for the medium term.
LVT Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
