Share
415 Posts.
lightbulb Created with Sketch. 36
clock Created with Sketch. 27/03/19
14:46
Share
Originally posted by Vmk Research
↑
Kain,MSFT Relationship : LVT hired a couple of quite senior US management from MSFT in 2017. They were not announced but we heard about this in 2018 and confirmed with a brief call. I dont have my notes here because I am at home. I vaguely recall that one was something like Head of US for the industrial services partner channel, person responsible for client relationships and sales to the entire service company sector in the US (construction real estate etc etc . ) I may have the precise details wrong BUT I do recall the conclusions we drew: (1) There is no way in hell that you would hire these people without getting permission from MSFT first. You dont steal key personnel from MSFT and expect to have a relationship with MSFT going forward. So MSFT must have (a) Liked what LVT were doing and (b) agreed to a deep relationship (2) The guys they hired would have really done their due diligence on LVT and the products before giving up a very well paid job at MSFT (which usually includes great stock options).Victory Tech : In our humble opinion, this news snippet was completely irrelevant . The cynical part of me thinks that someone from their IR consultant must have thought the news flow on the ASX was a bit quiet and they needed an announcement. We think the marine corp is a client of LVT and was already a client at the time of the announcement, Victory Tech was possibly or even likely the reseller. They have over 100 transacting resellers. Victory is just another small family owned MSFT reseller. There are hundreds, even thousands of them in the US. Actually, as complete speculation and guesswork, it might not be IR, it might just be LVT giving their reseller a pat on the back and free publicity after a decent sized sale. LVT cannot and should not be announcing every reseller they sign up (unless it is one of the really large famous ones, who usually ask for an NDA anyway) but sometimes, as a public company, you can earn some goodwill with a reseller by publishing an announcement, Do you ever stay on in the movie theater after the movie is finished and watch page after page of credits for all the hundreds of people who worked on the film? This announcement was like one of those. The second gaffer and the set carpenter did a really good job and we want to thank them for working on the movie......but really who gives a sheet?
Expand
Agreed with VT being a little fluffy. When I looked into them (and yes even going so far as to taking a gander on google street view) I wasn't overly impressed, but rather excited by the mention of gaining further contracts with various US Government agencies.
