LiveHire: Initiation report
LiveHire (ASX:LVH) serves the lucrative and costly HR and recruitment market. The company listed on the ASX on 10 June 2016 raising $10M. LiveHire developed, owns, and operates a unique HR and recruitment productivity platform which is hosted in the cloud and is delivered as a SaaS product to its customers. The product allows employers to access and interact with candidates in real-time. Employers use LiveHire to create an up-to-date database of potential candidates from a variety of sources which is known as the ‘Talent Community’. LVH earns revenue by charging employers a monthly subscription fee based on the number of members, or connections (TCCs), in their Talent Community. We initiate on LVH with a Speculative Buy recommendation and 12-month price target of $0.54/share, based on our valuation. Our full report including the major catalysts for the stock is in the attached PDF.
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