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The director of the UK's Oxford Group, which developed the AstraZeneca vaccine, expressed cautious optimism on Saturday that the omicron variant won't result in a "reboot" of the pandemic.
"It is extremely unlikely that a reboot of a pandemic in a vaccinated population like we saw last year is going to happen," Professor Sir Andrew Pollard said.
"The vaccines have continued to prevent very severe disease as we’ve moved through alpha, beta, gamma, and delta," he told the BBC.
Pollard also said he was hopeful that a new vaccine, if needed, could be developed "very rapidly."
Pollard's comments come after UK-based health analyst Dr. John Campbell told DW that omicron is "not likely to completely invalidate the vaccines."
"It might reduce the efficacy but it's looking like the vaccines will continue to prevent severe illness, hospitalization and death in the vast majority of cases
https://www.ft.com/video/2cfc76ad-5e03-4230-97da-aae12a9681cb
Non-fungible tokens
Soaring NFT sales redraw the art market | FT Film
The market for non-fungible tokens, or NFTs, is soaring, reaching $10.7bn in the third quarter of 2021. For the art world it's a new frontier, where ownership of digital assets is encrypted on the blockchain. The FT talks to artists, auction houses and collectors about how NFTs are bringing in new buyers and setting records for sales of digital works, and we follow a painter making his first NFT
Care to post a link m8
Interesting article in the ft…nft art market increasing!
Hopefully good for start.art, despite my earlier misgivings about the company investing in this business
Hundreds of infected people across Southern Africa reportedly complain of nausea, headaches, fatigue and a high pulse rate, but none seem to suffer from a loss of taste or smell, which has been the case with most other Covid mutations.
Moreover, more and more medics across Southern Africa are confirming that most Omicron-infected patients merely have a severe headache, nausea or dizziness.
This is good news: Hospitals and GPs across Southern Africa are increasingly reporting that the symptoms of the aggressive new Covid strain Omicron are “unusual but very mild,” according to various media in South Africa this weekend.
Around 90 per cent of all new infections in the Johannesburg region are now caused by the Omicron strain but, so far, the Covid death rate and even hospital admissions appear not to be increasing significantly, local media report.
Some experts are therefore cautiously optimistic that – if Omicron turns out to be less lethal but more contagious and dominant than the Delta variant – the new mutation may actually be a blessing in the sky.
Mb10 more nonsense even if they tweak it it will take several months to revaccinate the population
There are 12 revenue generating events taking place around the world in December and none of them are being affected by yesterday’s covid variant news:
https://media.umbraco.io/live-company-group/apffuiq5/bl-calendar-2021.pdf
In addition, the new LCSE division is taking in £350,000 a year in the management fee for the formula E event in Feb 2023, they are progressing with planning to stage a stopover of the Volvo ocean race in Cape Town at the end of 2022/early 2023, have revenue from running the biggest vaccination site in South Africa and have opened entries for the CTC cycling event on 4 March 2022.
Bricklive events in December (all covid safe self-guided tours) :
Singapore Zoo brickosaurs
USA Bricklive Houston Animal Paradise
USA Naples Zoo Supersize
Belgium Fantasy Kingdom
Basingstoke Santa’s express
Eastleigh March of the penguins
Bishops Stortford Snowman
Rugby Snowman& snowdog
Blackburn Snowman & snowdog
Norwich Santa & polar friends
Worthing BID
Beany House of Art: Christmas Elf Bundle
More evidence of overreaction to the latest news.
The company says it will know in two weeks whether its current vaccine is likely to be sufficiently effective against the B.1.1.529 variant, now named Omicron by the World Health Organization, based on lab-based experiments.
If required, BioNTech said it is poised to tweak its vaccine to match it more closely to the new variant.
“Pfizer and BioNTech have taken actions months ago to be able to adapt the mRNA vaccine within six weeks and ship initial batches within 100 days in the event of an escape variant,” the company said in a statement.
https://www.theguardian.com/society/2021/nov/26/biontech-says-it-could-tweak-covid-vaccine-in-100-days-if-needed
“It’s a storm in a teacup”
https://www.dailymail.co.uk/news/article-10245459/Fears-Christmas-travel-ban-DELAY-new-Covid-strain.html
Not only that but the LVCG revenue for 2022 in South Africa is unaffected by covid and its revenue from bricklive is based upon covid safe tours in the USA, UK and the Far East.
All LVCG events planned over the period are all covid safe BD they are all open air self guided tours.
MB10 you are like the proverbial ostrich with his head stuck in the sand. Covid is not going away. My gut feeling is that most live events will be cancelled during Jan-Mar when the virus will undoubtedly peak worldwide.
IMO the news on South Africa has zero impact on LVCG revenue over the winter period as its coming from Singapore, the UK and the USA. Also their tours are covid compliant anyway. The cycling event in SA planned for March is also covid compliment and will go ahead IMO as they already demonstrated that they do this through covid.
If anything this should be positive for the South Africa team as they are likely to benefit from a further extension of their role at the vaccination centre
Need 14p by xmas dont think mn its possoble
Down 10%
Markets panicking about South Africa, but all of the LVCG revenue is coming from around the rest of the world and likely to be unaffected. Plus the cycling event in planned for March by which time any impact will be over. Today’s drop is on that panic and a tiny sell, but its the age old story of how the market muppets just take advantage of anyone selling when there is no bid.
Both fair points riosurfer. On getting to profitability, if the recovery in rentals continues it looks to me like they can too. As you note, there was a big focus in cutting costs during the pandemic and they can also share overheads across more revenue streams. On why there was so much fat in the first place, my take is they acquired Brightbricks and had to integrate that, and shedding costs was not high up on the agenda as they were in high growth mode (see first brokers forecast). Growing revenue and getting a market foothold takes priority over cost cutting in all high growth companies.
On trust in DC, I agree that trust needs to return, but I wonder if his actions are restoring trust. Firstly he does have actual skin in the game unlike many whose only skin in the game extends to “options” which have all the upside and none of the downside for executives. Secondly his actions on a 50% backdated cut to his salary, converting shares at a higher price than the prevailing sp, not taking warrants and taking personal risk to take out a loan on his assets to lend the company money and keep it afloat during the worst pandemic the world has seen for ages runs counter to the trolls narrative. Finally he is no spring chicken and is looking to retire, and all his financial eggs from over the years are mainly in here, so he is looking for an exit in the next few years IMO and he needs share price growth.
Interesting MB10
There are two things to be addressed.
1. Belief the company will survive to profitability ( I think it can/ will but there are risks). On this. The company has cut costs during Covid and that is fine, but why was a fledgling small company able to cut so much fat in the first place?
2. Trust in DC is restored - the concern will be that once the company gets to FCF positive and profitability, DC won’t treat lvcg as a means to finance his lifestyle. We need to feel DC is focused on SP growth!
With these two concerns addressed and I believe Lvcg can appreciate massively from here.
undervalued and under the radar
comparison with ESC Mcap £32m
LVCG Mcap £5M
With 2 more big blockbuster tours to be added next year that will add between £500,000 and £1,000,000 to the revenue for bricklive - which if things keep recovering should get to more than £4 million before the new tours are added. Then with the cycling and the management fee for Formula E LVCG should be in profit next year with 2023 being a big year when the ocean race and for,Ila e etc all kick in. Even better if KPOP come along too.
Agreed, the news flow recently has been fantastic.
Feels like they are really turning a corner.
I've just sold my GBP and bought more here
Its worth looking at Escape Hunt (ESC) for a comparison as its in the same sector . Their core model financials generates about the same as Bricklive on its own. They have just done an aquisition of boom battle bars where they raised nearly £18m for the aquisition , and if you look at the revenue generating potential of the bars in the prospectus (between £1.2 and £2.5m revenue, but with costs of 75/85% of that (plus you have the capital set up costs too). IMO that makes what LVCG did on the LCSE aquisition look incredibly good value where they are predicting £5m revenue for Formula E (pretty much all of which will come directly to the bottom line as the cots to LCSE are low). Yet the mcap of ESC when the new placing shares are admitted will be over £50 million. LVCG has got to be the best covid recovery play out there where the share price hasn’t actually recovered.