The company has appointed Rizing as a distribution partner. Rizing will promote the company’s Talent Community sourcing system in return for a share of recurring licence income. The deal is non-exclusive.
Morgans believes the company offers investors the opportunity to participate in the growth of a game-changing recruitment system and the rewards could be substantial.
However, as it is an early-stage technology business, Livehire is yet to become self-sustaining from a cash flow perspective. Morgans maintains an Add rating and $0.90 target.
Sector: Software & Services.
Target price is $0.90.Current Price is $0.40. Difference: $0.50 – (brackets indicate current price is over target). If LVH meets the Morgans target it will return approximately 56% (excluding dividends, fees and charges – negative figures indicate an expected loss).