Announcement • Feb 28
Humanforce Holdings Pty Ltd completed the acquisition of 19.99% stake in LiveHire Limited (ASX:LVH) from a group of shareholders. Humanforce Holdings Pty Ltd entered into share purchase agreement to acquire 19.99% stake in LiveHire Limited (ASX:LVH) from a group of shareholders for AUD 3.3 million on August 14, 2024. Humanforce Holdings has entered into multiple SPAs with Christy Forest, Cornelis (Cris) Fernand Buningh, Henry Ludski, Andrew Rutherford, Shorebrook Pty Ltd., Tosh Cook, RAC & JD Brice Superannuation Pty Ltd and UBS Nominees Pty Ltd for a total stake of 19.99% stake. Humanforce will pay AUD 0.045 per share for 73,882,619 Shares. Completion under Share Purchase Agreement is conditional on Humanforce entering into the Bid Implementation Agreement and announcing the Offer. Johnson Winter Slattery is acting as legal adviser to LiveHire.DLA Piper is acting as legal adviser to Humanforce in relation to the Offer.
Humanforce Holdings Pty Ltd completed the acquisition of 19.99% stake in LiveHire Limited (ASX:LVH) from a group of shareholders on February 27, 2025. Board Change • Feb 27
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). CEO & Director Clayton Pyne is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Feb 04
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). CEO & Director Clayton Pyne is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Jan 15
Humanforce Holdings Pty Ltd completed the acquisition of 80.01% stake in LiveHire Limited (ASX:LVH) Humanforce Holdings Pty Ltd proposed to acquire 80.01% stake in LiveHire Limited (ASX:LVH) for AUD 13.3 million on August 14, 2024. A cash consideration valued at AUD 0.045 per share will be paid by Humanforce Holdings for 295.715278 million shares. The transaction will be financed through equity investment of AUD 17.18 million. In case of termination of transaction, seller will pay a termination fee of AUD 0.15 million.
The transaction is subject to consummation of due diligence investigation. The transaction has been unanimously approved by the board of LiveHire Limited and also got approved from Australian Foreign Investment Review Board. As of September 3, 2024, the deal has been approved by board of directors of Humanforce. The expected completion of the transaction is September 30, 2024. The expected completion of the transaction has been extended to January 10, 2024.
DLA Piper Australia Pty Ltd acted as legal advisor for Humanforce Holdings Pty Ltd. Automic Pty Ltd. acted as transfer agent/registrar for Humanforce Holdings Pty Ltd. Johnson Winter & Slattery acted as legal advisor for LiveHire Limited. MA Moelis Australia Securities Pty Ltd acted as broker to Humanforce Holdings. RSM Corporate Australia Pty Ltd acted as the accountant to LiveHire.
Humanforce Holdings Pty Ltd completed the acquisition of 80.01% stake in LiveHire Limited (ASX:LVH) on January 15, 2025. Board Change • Dec 12
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Andrew Rutherford is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Dec 11
Livehire Limited Announces Resignation of Andrew Rutherford as Director LiveHire Limited announced that Non-Executive Director, Andrew Rutherford, has resigned as a director of the Company, effective 11 December 2024. Announcement • Nov 21
Livehire Limited Announces Resignation of Ben Brooks as CFO, Effective November 21, 2024 LiveHire Limited announced that its Chief Financial Offier, Ben Brooks, will be leaving the Company effective 21 November 2024. The Company advised that the role of CFO will not be replaced and that Alex Panich, the Chief Financial Officer of Humanforce Holdings Pty Ltd, will take over the role of managing the Company's financial matters. Mr. Panich will not receive any remuneration in connection with his additional responsibilities at LiveHire. Announcement • Oct 30
LiveHire Limited has filed a Follow-on Equity Offering in the amount of AUD 3.543564 million. LiveHire Limited has filed a Follow-on Equity Offering in the amount of AUD 3.543564 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 90,860,611
Price\Range: AUD 0.039
Transaction Features: Rights Offering Announcement • Oct 25
Christy Forest Leaves as Chief Executive Officer of LiveHire Limited LiveHire Limited announced that its CEO, Christy Forest, will be leaving the Company effective 22 October 2024. Mr. Rutherford advised that the role of CEO will not be replaced and that current Director of LiveHire, Mr. Clayton Pyne, will take over the role of management of the Company, in addition to his current role as Managing Director of Humanforce Holdings Pty Ltd. (Humanforce). Mr. Pyne will not receive any remuneration in connection with his additional responsibilities at LiveHire. New Risk • Oct 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$12.2m (US$8.20m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.5m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Market cap is less than US$10m (AU$12.2m market cap, or US$8.20m). Minor Risks Shareholders have been diluted in the past year (8.0% increase in shares outstanding). Significant insider selling over the past 3 months (AU$2.0m sold). Revenue is less than US$5m (AU$7.2m revenue, or US$4.8m). Board Change • Oct 09
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Chairman Andrew Rutherford is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Oct 03
LiveHire Limited, Annual General Meeting, Nov 29, 2024 LiveHire Limited, Annual General Meeting, Nov 29, 2024. Reported Earnings • Aug 30
Full year 2024 earnings released: AU$0.025 loss per share (vs AU$0.045 loss in FY 2023) Full year 2024 results: AU$0.025 loss per share (improved from AU$0.045 loss in FY 2023). Revenue: AU$7.51m (down 6.7% from FY 2023). Net loss: AU$8.70m (loss narrowed 38% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Announcement • Aug 15
Humanforce Holdings Pty Ltd proposed to acquire 80.01% stake in LiveHire Limited (ASX:LVH) for AUD 13.3 million. Humanforce Holdings Pty Ltd proposed to acquire 80.01% stake in LiveHire Limited (ASX:LVH) for AUD 13.3 million on August 14, 2024. A cash consideration valued at AUD 0.045 per share will be paid by Humanforce Holdings for 295.715278 million shares. The transaction will be financed through equity investment of AUD 17.18 million. In case of termination of transaction, seller will pay a termination fee of AUD 0.15 million.
The transaction is subject to consummation of due diligence investigation. The transaction has been unanimously approved by the board of LiveHire Limited and also got approved from Australian Foreign Investment Review Board. The expected completion of the transaction is September 30, 2024.
DLA Piper Australia Pty Ltd acted as legal advisor for Humanforce Holdings Pty Ltd. Automic Pty Ltd. acted as transfer agent/registrar for Humanforce Holdings Pty Ltd. Johnson Winter & Slattery acted as legal advisor for LiveHire Limited. MA Moelis Australia Securities Pty Ltd acted as broker to Humanforce Holdings. New Risk • Jun 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (AU$4.44m market cap, or US$2.93m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$9.1m). Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.3m net loss in 2 years). Shareholders have been diluted in the past year (8.5% increase in shares outstanding). Revenue is less than US$5m (AU$7.6m revenue, or US$5.0m). Recent Insider Transactions • May 09
CEO & Executive Director recently bought AU$205k worth of stock On the 7th of May, Christy Forest bought around 10m shares on-market at roughly AU$0.02 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christy has been a buyer over the last 12 months, purchasing a net total of AU$1.2m worth in shares. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from AU$10.0m to AU$9.30m. Losses expected to increase from AU$0.017 per share to AU$0.02. Software industry in Australia expected to see average net income growth of 47% next year. Consensus price target down from AU$0.15 to AU$0.11. Share price fell 3.7% to AU$0.039 over the past week. New Risk • Feb 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.9m (US$9.75m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Market cap is less than US$10m (AU$14.9m market cap, or US$9.75m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$12m). Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Recent Insider Transactions • Nov 18
CEO & Executive Director recently bought AU$671k worth of stock On the 17th of November, Christy Forest bought around 19m shares on-market at roughly AU$0.035 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christy has been a buyer over the last 12 months, purchasing a net total of AU$727k worth in shares. New Risk • Nov 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$12m). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Market cap is less than US$100m (AU$18.7m market cap, or US$12.1m). New Risk • Nov 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (AU$14.8m market cap, or US$9.52m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$12m). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Breakeven Date Change • Nov 03
Forecast breakeven date pushed back to 2026 The analyst covering LiveHire previously expected the company to break even in 2025. New forecast suggests losses will reduce by 65% per year to 2025. The company is expected to make a profit of AU$1.73m in 2026. Average annual earnings growth of 88% is required to achieve expected profit on schedule. Announcement • Oct 21
Livehire Limited Announces Retirement of Michael Rennie as Director LiveHire Ltd. announced the retirement of Non-Executive Director, Michael Rennie, as a LiveHire Director effective from the AGM on November 28th 2023. Announcement • Oct 02
LiveHire Limited, Annual General Meeting, Nov 28, 2023 LiveHire Limited, Annual General Meeting, Nov 28, 2023. Agenda: To consider the re-election of Directors. Breakeven Date Change • Sep 04
Forecast to breakeven in 2026 The analyst covering LiveHire expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$3.60m in 2026. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Price Target Changed • Sep 04
Price target decreased by 9.5% to AU$0.19 Down from AU$0.21, the current price target is provided by 1 analyst. New target price is 245% above last closing price of AU$0.055. Stock is down 77% over the past year. The company is forecast to post a net loss per share of AU$0.017 next year compared to a net loss per share of AU$0.045 last year. Reported Earnings • Sep 02
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: AU$0.045 loss per share (further deteriorated from AU$0.041 loss in FY 2022). Revenue: AU$8.38m (up 14% from FY 2022). Net loss: AU$14.1m (loss widened 18% from FY 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (AU$3.1m net loss in 2 years). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$20.7m market cap, or US$13.4m). Announcement • Jun 27
LiveHire Limited (ASX:LVH) acquired Career Money Life. LiveHire Limited (ASX:LVH) acquired Career Money Life on June 26, 2023.LiveHire Limited (ASX:LVH) completed the acquisition of Career Money Life on June 26, 2023. Announcement • Jun 06
LiveHire Limited, Annual General Meeting, Jul 06, 2023 LiveHire Limited, Annual General Meeting, Jul 06, 2023, at 09:00 AUS Eastern Standard Time. Agenda: To consider issue of Consideration Shares to Arrived; to consider issue of Deferred Consideration Shares to Arrived; and to consider Other Business. Major Estimate Revision • Mar 06
Consensus revenue estimates fall by 22% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AU$14.2m to AU$11.1m. Forecast losses increased from -AU$0.021 to -AU$0.037 per share. Software industry in Australia expected to see average net income growth of 14% next year. Consensus price target down from AU$0.33 to AU$0.28. Share price was steady at AU$0.15 over the past week. Breakeven Date Change • Mar 01
No longer forecast to breakeven The analyst covering LiveHire no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$2.41m in 2024. New forecast suggests the company will make a loss of AU$0 in 2025. Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.022 loss per share (vs AU$0.019 loss in 1H 2022) First half 2023 results: AU$0.022 loss per share (further deteriorated from AU$0.019 loss in 1H 2022). Revenue: AU$4.40m (up 24% from 1H 2022). Net loss: AU$7.20m (loss widened 24% from 1H 2022). Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Feb 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Chairman Andrew Rutherford was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 31
LiveHire Limited Announces Board Changes LiveHire Limited announced the appointment of Mr. Andrew Rutherford as the Company's new Independent Chairman of the Board. Andrew will succeed Mr. Michael Rennie, who will remain in his role as a Non-Executive Director. Andrew is an existing Non-Executive Director at LiveHire, and brings to the role a wealth of experience from a 37-year career that includes a variety of leadership roles. Michael Rennie will step down from his position as Chairman of the Board after serving in this capacity since September 2019 and will remain in his role as a Non-Executive Director. LiveHire also announced Lesa Francis' resignation from the Board. Date of last notice of Lesa Francis is 6 January 2023. Price Target Changed • Nov 16
Price target decreased to AU$0.33 Down from AU$0.36, the current price target is provided by 1 analyst. New target price is 65% above last closing price of AU$0.20. Stock is down 50% over the past year. The company is forecast to post a net loss per share of AU$0.021 next year compared to a net loss per share of AU$0.041 last year. Major Estimate Revision • Oct 28
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from AU$14.5m to AU$14.2m. Losses expected to increase from AU$0.02 per share to AU$0.02. Software industry in Australia expected to see average net income growth of 22% next year. Consensus price target of AU$0.36 unchanged from last update. Share price fell 2.3% to AU$0.21 over the past week. Announcement • Oct 25
LiveHire Limited Announces Appointment of Andrew Rutherford as Independent Non-Executive Director LiveHire Limited announced the appointment of Andrew Rutherford as an Independent Non-Executive Director of LiveHire. Andrew brings a wealth of experience from a 37-year career that includes a variety of leadership roleswithin the finance and accounting fields. His past experience draws upon various COO/CFO roles within wealth management, demonstrating his proficiency in leadership with regard to operations and finance. His experience includes a 6-year stint as Founder, COO and CFO at Koda Capital, 2 years as General Manager at NAB-MLC's Wealth Division, and a 4 year stint as Executive Director and COO of Goldman Sachs Australia's wealth division. He also currently holds numerous executive positions at reputable Australian companies, including: Non-Executive and Independent Director of BT Financial Group (2021 - Current); Non-Executive Director/Chair at Pitcher Partners Sydney Wealth Management (2021 - Current); and Non-Executive Director and Chair at 1derful Pty Ltd. (2021 - Current). Andrew is an accredited CPA and holds an MBA from the Australian Graduate School of Management as well as a Bachelor of Commerce from the University of New South Wales. He is also a graduate of the Australian Institute of Company Directors (AICD) and a Senior Fellow of FINSIA. Given Andrew's wealth of experience, he will chair LiveHire's Audit and Risk Committee (ARC). Recent Insider Transactions • Oct 05
CEO & Executive Director recently bought AU$76k worth of stock On the 28th of September, Christy Forest bought around 362k shares on-market at roughly AU$0.21 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Christy's only on-market trade for the last 12 months. Announcement • Sep 21
LiveHire Limited, Annual General Meeting, Nov 17, 2022 LiveHire Limited, Annual General Meeting, Nov 17, 2022. Price Target Changed • Sep 20
Price target decreased to AU$0.36 Down from AU$0.51, the current price target is provided by 1 analyst. New target price is 50% above last closing price of AU$0.24. Stock is down 31% over the past year. The company is forecast to post a net loss per share of AU$0.019 next year compared to a net loss per share of AU$0.041 last year. Announcement • Aug 31
Livehire Announces Launch of "Thrive" Global Partner Ecosystem to Bring Together World Class Technologies and Service Providers LiveHire Limited announced the launch of the global Thrive Partner Network, bringing together the best technologies and service providers to deliver total talent acquisition and direct sourcing solutions with an award-winning candidate experience for hiring teams and candidates. LiveHire's Thrive Partner Network will drive stronger collaboration and partnerships between leading organizations to bring LiveHire's award-winning experiences to candidates and hiring professionals across the world. The partner network will positively lend itself to supporting clients who are looking to implement and maintain end-to-end workforce solutions that deliver outstanding results. The LiveHire Thrive Partner Network, paired with the integration marketplace and LiveHire's open APIs, offers clients the flexibility to create a best-in-class tech stack supported by market leading service partners that work with LiveHire. The LiveHire Thrive Partner Network brings three types of formal partners into the fold: Technology Partners that provide bespoke products that optimize the recruitment process and solve unique HR and business needs. The company's technology partners consist of integrations and trusted best-in-class providers from technical & cultural assessments, background and reference checks, sourcing, talent marketplaces, HRIS's, VMS's, video interviews and all the way to onboarding. This category of partners includes leading technology leaders and ISVs: SAP SuccessFactors, SAP Fieldglass, Beeline, VectorVMS, Renhead, Glider AI, HireVue, Enboarder, XRef, Criteria, MyInterview and more. Transformation Partners that support clients to help with HR and digital transformation projects, implementing direct sourcing technologies and to achieve their hiring goals. The company's transformation partners are trusted providers that deliver on the promise of optimizing workforce strategy by providing innovative solutions, improved processes, and ongoing development. This category includes QuantumWork Advisory, TalentBelt and more. RPOs/MSPs/Curation Partners: LiveHire's partnership with leading RPOs and MSPs is an essential and integral part of delivering a talent pipeline, leveraging the employer brand for private talent pools or building public talent pools with dedicated talent curation services. This category includes leading organizations like TAPFIN, AMS, HudsonRPO, Atrium, HireGenics, Viventis and more. LiveHire's RPO, MSP and curation partners have achieved amazing results through the LiveHire platform. Reported Earnings • Aug 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: AU$0.041 loss per share (down from AU$0.028 loss in FY 2021). Revenue: AU$7.33m (up 31% from FY 2021). Net loss: AU$12.0m (loss widened 45% from FY 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 105%, compared to a 38% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 22
Price target decreased to AU$0.50 Down from AU$0.54, the current price target is provided by 1 analyst. New target price is 31% above last closing price of AU$0.38. Stock is up 3.4% over the past year. The company is forecast to post a net loss per share of AU$0.038 next year compared to a net loss per share of AU$0.028 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Cris Buningh was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 30
LiveHire Total Talent Acquisition Platform for SAP® SuccessFactors® Now Available on SAP Store LiveHire announced that its Total Talent Acquisition technology platform for recruitment is now available on SAP® Store. The platform integrates with and enhances the value of the SAP® SuccessFactors® Recruiting solution to help companies achieve their hiring goals by attracting and engaging top talent in today's competitive market. The integration equips recruitment and HR teams with candidate sourcing, customized employer branding, native 2-way text messaging, AI-powered talent pooling, and live talent search to help source and hire the best direct or contingent talent at speed. Board Change • Mar 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Cris Buningh was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Mar 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -AU$0.03 to -AU$0.03 per share. Revenue forecast of AU$9.10m unchanged since last update. Software industry in Australia expected to see average net income growth of 38% next year. Consensus price target broadly unchanged at AU$0.54. Share price was steady at AU$0.36 over the past week. Recent Insider Transactions • Nov 18
Executive Chairman recently bought AU$100k worth of stock On the 11th of November, Michael Rennie bought around 260k shares on-market at roughly AU$0.38 per share. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Recent Insider Transactions • Sep 30
Co-Founder recently sold AU$1.0m worth of stock On the 27th of September, Antonluigi Gozzi sold around 3m shares on-market at roughly AU$0.34 per share. This was the largest sale by an insider in the last 3 months. This was Antonluigi's only on-market trade for the last 12 months. Reported Earnings • Sep 03
Full year 2021 earnings released: AU$0.028 loss per share (vs AU$0.049 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$5.53m (up 60% from FY 2020). Net loss: AU$8.29m (loss narrowed 43% from FY 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 30
Price target increased to AU$0.54 Up from AU$0.50, the current price target is provided by 1 analyst. New target price is 54% above last closing price of AU$0.35. Stock is up 6.1% over the past year. Breakeven Date Change • Jul 22
No longer forecast to breakeven The analyst covering LiveHire no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$247.9k in 2023. New forecast suggests the company will make a loss of AU$1.70m in 2023. Reported Earnings • Mar 03
First half 2021 earnings released: AU$0.016 loss per share (vs AU$0.03 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: AU$2.26m (up 39% from 1H 2020). Net loss: AU$4.70m (loss narrowed 48% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 18
New 90-day high: AU$0.34 The company is up 21% from its price of AU$0.28 on 20 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 2.0% over the same period. Announcement • Jan 11
LiveHire Limited Reports Direct Sourcing Customer and Partner Signings LiveHire Limited report the signing in late December of its latest Direct Sourcing customer. The customer, a staffing company, is both a customer and a new channel partner with ambitions to use technology to serve its current clients and to expand to additional clients through branded talent communities. The LiveHire platform enables traditional staffing firms the ability to grow, curate and manage private, client branded, contractor workforce talent clouds on behalf of their enterprise clients, in turn scaling their own staffing businesses to new levels of contractor workforce placements and revenues. LiveHire charges an ongoing fee of 1-2% of the contractor salary, which can be absorbed into the staffing provider's own service fees, making the Direct Sourcing solution a zero-capital cost proposition for enterprise clients. Staffing channel partners, once enabled, offer their Managed Direct Sourcing solution to their existing portfolio of enterprise clients, as well as prospective new clients. Managed Direct Sourcing presents the opportunity for large enterprises to improve the quality and speed of their contractor workforce hiring, whilst significantly 1 reducing (upward of 10%) their overall contractor workforce program spend (which averages USD 70M for a Fortune 1000 company). Once implemented, Direct Sourcing scales across the enterprise's contractor workforce as it turns over and new 3 hires are needed. An enterprise typically turns over its entire contractor workforce over 12 months, during which time, the enterprise and staffing partner is expected to maximise the % of new hires through Direct Sourcing via LiveHire, to realise the cost, quality, and speed outcomes. Is New 90 Day High Low • Nov 10
New 90-day low: AU$0.28 The company is down 20% from its price of AU$0.35 on 12 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 25% over the same period. Announcement • Oct 12
LiveHire Limited Announces the Appointment of Ben Brooks as Chief Financial Officer LiveHire Limited announced the appointment of Ben Brooks to the role of Chief Financial Officer. Ben's past experience extends across AUSTAR, Foxtel, oOh! Media and Solotel, leading technology and systems transformation, building high performing teams, key financial metrics, reporting, and M&A. 