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Usual manipulation of the bid/ask by the market muppets this afternoon. The 171k, 113k, 150k and 57k trades are clearly buys and there was a delayed buy of 213k straight after and they ticked it up over that period to make them all look like sells. Par for the course on here and other shares. More than 1.2m bought today in the bounce from the lows.
Got to love Frank with his insults. Couldn't fight his way out of a wet paper bag. I can give more moronic comments about the Xmas sets if you like? Let's see what Ciclitira releases first though eh ;)
Its about 950,000 buys to 302,000 sells so far (accepting that there may be some delayed trades to come), so the market muppets have done a great job dragging it down today.
Its clear that many revenue declarations are commercially in confidence. Plenty of information out there if you do some research that will clearly show that today’s announcement represents an enduring contract that is considerably more than the market cap. If you wait for revenue figures it will take until next year before they are finally published in the annual report and even then they will be mixed with other bits of revenue (e.g. the cycling).
Well given that they put that there was a fee being paid to the company for this in the RNS and have updated the statement from June to say that “The Cape Town E-Prix is a major source of revenue for LVCG” things have clearly developed.
They also say that
“LVCG through its 100% owned subsidiaries Live Company Sports and Entertainment (Pty) Limited (LCSE) and E Movement Holdings Limited (EMHL) holds the exclusive worldwide sponsorship rights, and is the project management and delivery partner, for the Cape Town E-Prix, and additionally holds the worldwide moral and intellectual property rights to the E-Fest concept.”
Bottom line is that the FIA pay a management fee to the organisers of the race and LVCG are being paid that fee.
"The final details of the race are in the process of being confirmed but it is thought that the potential revenue and profile uplift the Formula E race brings to the company will be significant." That is what Ciclitira advised in July when he expected the race to take place in December this year. "potential". Meaning he didn't know. Today, with the race being withdrawn for series 8 there's a monthly revenue fee? I'd like it explained too. Does the fee cover the cost of E Movement acquisition? Let's not forget Ciclitira diluted shareholders and awarded himself a big fat bonus for this venture into SA during a Global Pandemic. Any sign of those Art, Food and Wine exhibitions he promised? Give us some figures ffs, instead of meaningless waffle, because that's all he's offered these last 2 years!
Tintin, you have made the same point over and over and over again. The fact that they are getting a fee is clearly in the RNS in black and white (as below). The company said it was a major source of revenue and have confirmed on social media that its being paid now and monthly. If you keep asking exactly the same question and making exactly the same point why do you expect a different answer?
“Project management and delivery fees are ongoing irrespective of the postponement to Season 9. The Cape Town E-Prix is a major source of revenue for LVCG.”
Spot On FJS Seems TT56 must have invested recently and is currently down. Probably a 10% merchant, shame the 10% is heading in the wrong direction. I'm in for the long haul, so these dips are a blessing
Fjs actually it does matter…. If the directors wanted to avoid the drop and it is great news surely they would be shouting about it from the rooftops in an rns… what you are saying makes no sense .. if you have good news about fees you would want people to know rns plus articles…
You need to give it a rest Tintin, if you can't see the wood for the trees, sell up and move on, no point moaning on a bulletin board, if you think the story has stayed the same, got better then shut up and wait, if you think it has got worse and the company are in a worse position now emerging from the global pandemic then sell and stog the whining....writing is on the wall, they have multi revenue stream, announced a pile of new Bricklive contracts, cycle event, start art, getting paid for FE even though it is happening in 2023. If you can't see all that progress then......sell and clear off!
I've just taken some, today's news wasn't bad news, it was just a bad RNS, overall the market is stupid, there are no investors left anymore, its all fast food style gambling, everyone looking for the next 10 - 15% daytrade!! You can sit in traffic and buy and sell shares these days. Most PI's lose on AIM because the jump around like frightened sheep. Doesn't matter if its in a news article or an RNS at the end of the day they are collecting fees if it was happening in 2022 or 2023, it really is that simple.
Just for the record all I'm glad the MMs are pushing this down. I have an average of 5.06 and will be topping up at these ridiculously low prices as soon as i can release some funds. Nothing but goods news here, and a only slight Hic-cup with Formula E It is unfortunate Cape Town wont be ready for 2022, but TBH it was a bit optomistic considering the inpact of Covid. Looking forward to the next financial update GLA