Investment Thesis: Livechat...or should we start saying...Text.

Newsletter nº19

1.Introduction

In the thesis that we bring you today to this Substack, we return to our beloved Poland and we will talk about one of the best listed companies that we can find in the country in terms of the quality of its business and the numbers of the company. It is a software provider so that companies can interact with their customers through live chat on their website. But before diving into the thesis, our disclaimer as usual:

DISCLAIMER: This article should not be considered as a recommendation to buy or sell any type of financial asset. Any action or decision you take as a result of viewing this article is solely your responsibility. Each person has to carry out their own analysis before making any type of decision on the purchase or sale of financial assets

As many of you may have already found out, the company that we bring you today is Livechat Software, with the ticker $LVC.

Livechat Software is a Wroclaw-based company founded in 2002 by Mariusz Cieply (current CEO) and his partners and has 282 employees. The company currently capitalizes 3110M PLN (€700M), so we can classify it as a small cap. As you can see below, we are dealing with a company with a high-quality business that we can find at a very interesting price, it is the kind of company that we always want to have in our portfolio for the long term. Without further ado, let's get into the Livechat business and see what they do and why it is a quality business.