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Afternoon.
The global live music industry is/was worth $25b and is/was projected to be worth $30b by 2023 - £1b of that in the UK alone.
2020? About tuppence ha'penny because of Covid and it's far from over yet - in fact, right now it looks like those numbers may "never" be seen again if it relies on crushing thousands of people into a confined space and at the moment, it does rely on just that.
Oh and the same deal for theatre too - UK alone 2018 theatre revenue was £1.28b and it's all gone up in smoke:
https://solt.co.uk/about-london-theatre/press-office/2018-box-office-figures-released-by-society-of-london-theatre-and-uk-theatre/
Anyone managing to reduce that ruinous revenue deficit and, possibly, even expand the size of those markets via genuinely new experiences (with vastly lower costs to boot) stands to be in on a rather large cash cow for the forseeable, even if they only manage to take 1% of the pie.
Where there's a will (and the tech to make it happen), there's a way ...
Interesting to hear talk about pump and dump.Much the same talk was occurring around 2016/17.Then the shares began its ascent to 18p.Within 2 years it dropped to 2.5p.Now that's a pump and dump.Wonder who did the dumping ?
agree mel it's balanced and realistic in my view.my point about M/C is really very simple.i imagine an undemanding P/E ratio ,(which is not really a requirement for most companies of this type and at this stage of development anyway).i then think what earnings figure is potentially required to support it and then how many downloads/subscriptions etc, again at a modest figure per item, would be required to produce it.you can come up with any figure you like of course and I'm not going to suggest any, but its a useful exercise imo.
Thanks for the link Mel, that’s a great article and some great input db. This is why I think Melody will or should follow what the Netflix model. When they first started way back you could only watch content on a pc. As TVs got bigger and better and became smart, it was a lot easier for someone just to sit down and watch their favourite shows in high quality. This is why I think Melody would be best suited with a tv app, or where you can cast the content from the app direct from your phone to the tv, and be able to control the cameras that way. VR looks to be a few years away yet and is an added bonus for users. Once the subscription starts and they have live shows with LN and you can cast and control to the tv whether it’s from your phone and with an app on the tv then we have a new medium to watch live music. Netflix had to wait for tv’s and technology to evolve. Melody already have it ready.
It might well have just been a small rise on the back of a research note (but there were some pretty large buys for that).
But to suggest it was a P&D is disingenuous - there was no pump - no ramping on twitter, no spamming of message boards, and little dump we are what 6% off the weeks high.
Nobody knows whats coming here but VR is going to be a big play over the next couple of years for some, including apple who are releasing their new vr head set in 2022 (and AR glasses before) and live music could be an important part of the mix....
Hi Puddin1006, it’s great to have a reasoned objector opposing the view of the positive an informed board member, I would appreciate a reasoned argument regarding the article I posted earlier as I believe it was a balanced opinion by the writer! The progress made of MVR versus other companies in the VR Music space in my opinion has been progressive, there is an accumulation of data which indicates MVR and its partners are about to monetise the product, I don’t see anything negative.
Regarding the SP, this has I believe been generated by several factors and will return the SP to a position reflecting the monetisation of the product and the gradual increase of income into the company and their partners. Could you please elaborate on your negativity! Great to see another point of view!! GLA
Afternoon Codey
Great post as usual , i like the fact you never have any , why do you swim against the current ?
why post pump and dump , 95% on here take time to share homework with brilliant reasoning .
have a go at the facts for once -------------------------- :)
Makes me laugh this board . There has been a sea change .
Everyone kissing each other’s ass on the back of a pump and dump week.
Watch tomorrow .
Hi Italian, the article provides a balanced and pragmatic view, I agree with dblondon77, MVR have accumulated fantastic headway in the music VR space taking technology forward and integrating it into a new industry takes time, the team of MVR have provided the glue with industry and the partnerships have provided the commercial support, August is going to be interesting with product monetisation on the cusp of realisation, buy more while you can!! IMO GLA
I wouldn't be surprised if the music side of Melody is all in hand , i would guess that they have pathed the way for deals and even had the conversation about buy out , its the theatre which will be the massive boost for me , we don't know what JG and
Melody are up to but they have been on it a year now , 2000 shows a year need to be watched / paid for . 40 billion spent on the theatre world wide , and LIVR is nothing like as good as Melodies tech , there could even be something in the future with ALW . as for the tech which is brilliant and changing with every show will be in demand world wide .
Glasses on the way , and VR space getting bigger/better .imo
how much is that worth -----------------------
I suppose the hope is that a big company decides that live music is the thing that makes vr go critical for a large number of users.
It would make sense that it might. In terms of paid commissions for online content the platforms arevall asking for live. Facebooks best rating commissioned piece was 24 hours with Katy Perry live, Youtubes highest rating original commission was the record breaking sky dive live. Live not only brings viewers, it generates publicity, gives a sense of community, has the fomo factor, and brings new users.
We also know music is some of the highest rating content on youtube, and all platforms rely on celebrity to drive viewership and press.
So if a platform was looking for a type of content to drive uptake of VR then it would make sense to me that they might look to live music to do so.
extremely interesting article mel.the best of its kind I've read (although i haven't read that many) .not entirely good news for mvr ,at least at this stage of its development.if I've understood it correctly it seems be suggesting that VR (or at least the individual applications of it) needs to move from "valuable"to "critical" in order to gain mainstream traction, but i suppose we have always known this.its not suggesting it can't or won't,but rather that more work needs to be done and the jury is still out,at least thats my take on it..sounds like smart glasses etc are going to be very significant in the future.would certainly recommend everyone interested should read it.i always think one needs to bear in mind current M/C when evaluating the import of such pieces.current m/c not that high really in the overall theme of things,so plenty of headroom available, imo.
Its very reassuring that all the homework posters seem to be singing off the same page . the nonsense seems to be gone for now , and i cant see one negative about this share apart from what do i do when it hits 50p , as i have always stated i am here for £1 , from your happy clapping doodle dandy :)
Good luck DB .
It’s great to see an informed dialogue on this board again, just to add, a good article below, IMO
https://venturebeat.com/2020/08/01/the-ar-vr-ecosystem-are-we-there-yet/amp/
I come from the other end, I develop and sell content to traditional and new media. I think its easy to understimate how important video is to mew media companies, its way more profitable than normal online advertising and there's a real arms race with vidoe with facebook watch (and IGTV), Apple, Microsoft- who are buying tiktok in America, new players like quibi whose launch flopped but have lots of $$ and need a new plan, as well as the SVODS (Netflix, Dysney +, HBO max, Pea****) who will all be looking to carve out mobile share, and of course Youtube.
What's interesting is that no one has yet really nailed VR but there is still loads of development work happening in terms of content and tech and a push to make it happen - either through oculus rift or one of the mobile platforms.
If a big player decides that live music is the way that could push VR mainstream then you could see how that might make Musicvr attractive. Add in live music streams that are non vr too but using the same tech and artists etc to make your platform the go to live music destination and it gets better.
You could argue that music vr arent there yet etc But when there's not going to be any live music for, i would guess at least, the next 6 moths theres is literally never going to be a better time for audiences and artists alike. So if you were a big tech company looking to get it online live music you would want to move fast and the easiest way would be to aquire somebidy who had already done a load of the dev work...
Evening all.
An interesting debate and not one that I'll add any tin foil hat stuff to other than to say this - anything to do with money will be agreed between the company and the money guys with the money guys usually calling the shots - amounts and timing - and that goes for "news" too.
£9m was poured into this a few months ago at 3.75p with a US west coast hedge fund taking a big chunk of that - given that their fellow west coast neighbours Apple also recently poured £100m into this very same space and FB's known VR/music plans, again, in the very same space you can see why this may suddenly be on lots of people's radars throughout H2.
I have no earthly idea what will or won't happen here but when I had the idea in 2019 H2 of gold booming off the back of a number of forward-looking catalysts I had to stick around for a bit to see if I was right - gold is now at $2k, from my major shout on it at c$1.3k last year.
Who knows if I'll be right on this one but in terms of catalysts, you can see how there could be real synergy here if the ducks line up. The idea for MVR came about when I started thinking about Covid and the opportunities it may produce, outside of the obvious miracle Covid vaccine plays etc - I've got some experience in the live entertainment industry (on the financial side) and knew how badly the (gigantic) interests in this space must be hurting with no end in sight and how MVR could provide a silver bullet for at least some of the massive loss in revenue experienced by other companies.
Time will tell whether this one really comes together but I've added further recently, courtesy of some of those gold play profits - fingers crossed for the right kind of news to make my 50p target shout viable.
The only thing I do know for sure is how good the tech looks - the video and sound quality of their live VR feeds are superb and I'm a bit of an audio/videophile myself. I'm also a backend cloud software architect and I know first-hand how long it takes to build infrastructure (and front-end apps) so while the last couple of years may seem like a waste and disappointing to long-term holders, the reality may be that it's actually been time well spent if MVR are one of the few companies out there with the right (working!!) tech in the right space at the right time.
Hallo sailor
you just bought in ?? no way i see a buy out yet but they are running out of coin !!
How about this for a theory? Get your tin foil hat ready. Research notes like this are often written on behalf of a third party with an ulterior motive eg a shorter wants to drive a share price down.
So what happens if you are someone with deep pockets who had some insider info which would mean a small company with illiquid stock might soon experience a significant sp increase?
If you start buying big out of the blue it could ring alarm bells with the authorities.
So You might ask for a research note to be written that suggested a 25% price increase. This would stimulate a number of buys which would act as cover for your own, would also give you a plausible reason for your own share purchases if the authorities did enquire, and usefully adds liquidity.
What kind of info would require such actions - only a takeover, and as others have noted surely covid has made the need for a facebook or simlair to be the first destination for live music video urgent as there will never be a better moment.
Very true; just like saying ‘with respect’ just before telling someone bluntly they’re wrong :-) we (mostly) all want this share to do well, so are all on the same team
I didn't say that.
But as we often say 'IMO', he also has an opinion.
I don’t dispute the ‘tipster’ knew/knows something. I do dispute that only he/she knew/knows what’s coming. I’ll leave it there.
Third parties don't dictate the SP, but often following a newspaper tip or one by a private tipster the SP will spike.
Apparently this particular tipster is quite good and has a following. The MMs know this and were obviously all over it on Thursday.
Now the grant date for these particular warrants was 31 July 2015, so the expiry date hasn't just been set for something which may or may not happen this month.
You’ve misunderstood what I’m saying, probably because I worded it badly (oops). I’ll tread carefully here, but strategy does begin with setting a target date(s). 31 July was a good date to pick for many reasons, including warrants expiry
Set for a reason back how long ago? That’s as likely as me saying MVR will make me a millionaire by April 30th, 2021.
Although who knows? :-)
What I mean is that date was set for the ‘brakes off’ moment, or the ‘big reveal’. Whichever you so chose