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For balance, the growth of the company has been quite remarkable.
From having to raise at 35p 18 months ago for 1 set, to acquiring Bright Bricks, hosting multiple events and closing a deal with NickelodeonUK.
But let's not dwell on that for too long........ :)
Wow! So much reach. What a pity the who's who isnt a material element of the balance sheet.
Thank goodness he's not ripping money out of the business or diluting shareholder value in the process.
Fact: DC likes money OUT of company rather than IN supporting growth. He has a short term view to the business with a long term view to his personal wealth fund.
Who is the beneficiary of his so-called reach?
How many red flags do you need?
Money taken OUT does not help the Co. If he believed in longterm payout he would leave money IN the business to speed up growth.
DC wants big payouts now. Ask yourself where his true belief rests. Clearly, he doesn't feel comfortable with assured return from growth.
I'm sure he's also managed to negotiate a deal with Nickelodeon, but yes, totally insignificant outside of Bricklive, oh and Brightbricks, the Royal family of Monaco, the Chinese govt, Livenation and Nickelodeon... oh and Sky and Rupert Murdoch
And the Chinese Government!
PMSL
He's so insignificant he managed to get HSH Prince Albert of Monaco interested
Insignificant outside BrickLive?
Ever considered the media coverage that occurs is due to his reach?
Something to do with selling SatTv to Murdoch and staying on with Sky?
Yes, DC is a talker and a taker. He's not a profit for shareholders kinda guy.
He talked his way up to the last end of year. No doubt he will do the same again.
He's sold himself the notion that Lego want his business. Typicall DC . He's underrated in his own mind and insignificant outside of Bricklive.
He'll do nicely out of LCVG but not with my money.
No humble pie due at present, they may have hit their events target for the year but as they are only trading in line with expectations you have to assume that revenue per event is well below their budget? Also, LVCG have always been uber positive in RNS announcements, it’s the financials that let them down. Interested to see the interims on 30th September...
Well well well #LVCG anyone for humble pie! 60 events target reached in under 3Q of trading and still 4 months to go! Great RNS. Invite to American Zoos and Aquarium Annual Conference, New Orleans 2019! More zoos in UK signed and additional events and shows......oh and trading statement due Sept 30th 2019!
Bought more on the drop at 40.4p.
Granted the RNS can be read as puttings the CEO in a bad light.
But in reality it's old news.
The £3K per month office fees were discussed with shareholders via a telephone conference call a few weeks ago.
If DC sat around doing nothing and the company wasn't moving forward then accusations of being a lifestyle CEO would hold water. But this isn't the case.
Once and for all Ciclitera has proved that he is only out for himself, his ego must be enormous to even contemplate hijacking what should be a positive RNS with something so ridiculous! He rightly came in for severe criticism for taking a £503k salary in a year where LVCG placed twice with a third placing this Feb. He eventually backtracked on gifting himself another 1m shares, yet here he goes again taking £36k per annum for using his property as an office. Who knows what he’ll make from the Italian property. This company is loss making and has seen it share price decline by nearly 50% since the results were announced!
For the poster below saying he hopes it doesn’t become a lifestyle company, it already is - it’s a reincarnation of Parallel Media. The business model has been more successful, but you’re kidding yourself if you think it’s being run with shareholders interests at heart. This is a business run by Ciclitera for Ciclitera, if there was ever a doubt it was extinguished today. 30p coming when the next results show the business remains loss making.
When I referenced ‘underperforming’ I wasn’t referring to the work going on which has been fine, it’s the share price.
I’ve shares in the company and I think in the medium to longer term this will come good. To be honest I’m thinking more it will be taken over but time will tell.
I think you are being a little unfair on the other two posters. Today’s rns does leave a sour taste regarding the payment of £3,000 a month to the chairman. It does feel like he is feathering his own nest. I’m hoping this doesn’t develop into another of these aim lifestyle companies for the select few.
Anyway, hoping next update time it’s more focused on what they are achieving and focusing on investors rather than looking after themselves.