LVH – Morgans rates the stock as Add

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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).

 

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