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Who knows, this may already be in motion. I fully expect a forward looking statement after the accounts are published next week.
Also, nothing stopping you speaking to him either. He is quite willing to engage with Shareholders
Here’s a thought. Instead of sitting here bickering with me about things which even a child can guess is relevant, why don’t MB and TSG have a chat with DC, and encourage the company to put out a set of targets for LCSE? This could include fees as a proportion of GM or OP and revenue? If LVCG do this and we get visibility, the market may start taking it seriously. If DC refuses, you’ll probably know why! There we go, something proactive from all this unpleasantness :)
TSG/MB - I have several million shares here, and it represents a pretty small portfolio position. That should indicate to an intelligent person that over time I have got far more things right than wrong. If MB has provided some great backlog of info on the fee structure, then he certainly lacks the basic skill of saying anything of substance about it today. I rather suspect that neither he nor TSG asked any basic question about fees, hence they continue to have nothing of substance to say on it. Quite important - the profitability of the contracts, you know ;) ATB..
I’ve posted on the potential of the new divisions and the fee structure and gp extensively. Not my fault yiu don't possess a basic skill; one of being able to read.
Time to put your underpants on under your trousers ;-)
I have a substantial holding ( over 1m but not Millions )
You claim to have several millions of shares in a company you appear to hate and you call me a greater fool?
Tell me, in the hours and hours that you and TSG have spent chatting to DC about LCSE, have you never asked him what fee he intends to take on an ongoing basis?
You keep adding nothing of substance, and using different words to do it! We have no idea what fees DC will take - as you concede - and consequently have no idea what the margins will be for the company. That evidently isn’t true for most companies, where we either have a history of fee/margin progression over time or a series of targets we can value a deal by. The point that multiple holders here have no interest in either the fee structure or targeted margin on this project is odd to say the least :)
You keep saying bye bye and then coming back to comment :-)
DC has capped his fee for the whole of the group and also foregone his Chairman’s fee, and he backdated that to April last year, so has done that for 20 months in total. I can predict everything but the future :-) so nobody knows what it will be from the end of 2022. But you know what, that’s like every single company that is out there, and there’s as much chance that he will keep the cap or lower it as there is of him increasing it. Suggesting only one outcome like you are doing is jsut being misleading.
As to margins at LCSE, anyone doing the most basic research will see that he margins are going to be fairly high. The cash outlay for these events is low, and LVCG is getting a share in the profits for most of them, or commissions, or things like TV rights. Take the cycling, all the costs are covered by pick and pay, and LVCG get the entry fee money, so the GP for that will be high. Same with the potential KPOP concerts, the 50,000 capacity stadium provider is providing that, and they have a partner to run it, so no capital outlay, yet they get fees, rights and a share in the profits.
All you have done is repeatedly avoid the point. On the vital matter of what the fee/margin structure will look like at LCSE you have nothing to do add whatsoever. You should apologise to all the posters you have misled here over a long time period with your misplaced confidence. All I have done is make people aware of it. Bye bye :)
So much for being here to “discuss the share with intelligent people”. Its clear that you have an agenda. I’ve already shown why you were posting false information, and i have also shown how you twisted what I said for your own purposes. I gave you the opportunity to apologise yet you went straight into attack more. Shame on you WW
Looks like you missed the jump anyway, poor you
Thanks TSG. As a matter of fact I do own millions of LVCG shares, and I’m here to discuss the stock with (hopefully) intelligent people. I can see that on the objectively vital matter of what the margin/fee structure at LCSE is going to look like, you have nothing to add either. At least I can be comforted that at some point I’ll have a greater fool to sell on to. ATB
More and more to follow.
If you can make 1.9m during a pandemic what can you make once the world opens up ???
This is going to be a great recovery play .
Exciting times
For someone who holds "several millions of shares" you are either rich enough to be able to write off huge losses for the benefit of other potential investors or full of BS ! I know where I'd put my money! You're narrative is quite frankly now boring. DC has made mistakes, plenty of them, but as things are beginning to emerge from the Covid led abyss why not try and look forward to the opportunities ahead rather than conjure up potential pitfalls?
My initial question on Wednesday - which remains entirely valid - is what fees is DC going to take from the LCSE division? MB’s answer was that according to multiple RNS statements, his international fees have been capped. The TRUTH is - DC’s fees have been capped for this year only, a year in which revenues at LCSE are likely to be marginal anyway. I will rely on the intelligence of the reader to work out who is presenting false information. ATB