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Hughe. Everyone can see who the plonker is, you don’t trust dc yet you are buying???? Go figure.
Hughe- you are a nutcase and you make no sense, as dc can harm it, even if you buy at 0.2, ao that makes no sense, as for the other poster, they have enough cash until
Jan 2025 and they cant raise cash, nominal value is 1p
It is about supply and demand and there are creditors and directors past and present that will most likely be offloading. If those offloading exceed the number of buyers the price will drop until equilibrium is restored. That may be at 0.5 or 0.3, is the shareprice important? The assets they have will tick over paying debts and wages, just hope they don’t try and raise cash for more hair-brain ideas they can’t execute, or dilution will be massive at these levels. Keeping thinking about Startart if you want to know how much shareholders are valued and the motives of this company.
Knco, I am a nutcase and a fruitcake bashing my own investment? What a plonker you are. This company is run by an idiot and you profess that this will be 10p by June having bought at 1p+++ and now seeing your investment almost halved. At least I know when to buy and when to exit. I am in the process of averaging down to a level that even DC cannot harm.
Hughe, you’re the nutcase, bashing your own investment, and continuing to buy, you’re a real fruitcake aren’t you?
Hughe nope it’s not £2m that’s when there were 260m shares , it’s now 300m i’ve accounted for that
Those are MB10 style assumptions! Your charity insight is much closer to the mark.
Knco AKA Tintin200, LVCG is not at 2.5m, it is 2.08m. Glad I did not buy more at the placing price. After all your ramping and "insider knowledge", you must be sinking fast. Had another punt today at this price, not because of anything you have said but because even that nutcase DC wants to see something for this investment after all his 20 previous failures
This is the reason i continue to buy.
exactly, look
at hzm total ****, rns clearly states it’s likely to delist and sh will get nothing yet its risen today by 25% and mc is £5m compared to lvcg which should be in profit, we are not in a great position at the moment but currently it is way undervalued at £2.5m
Basically, what you are highlighting is any AIM company that requires capital is struggling in these markets and at risk of going under.
And it's obvious that funding, if secured, isn't favourable for shareholders.
On that note, it's probably best to point out to the DC fan boy who thinks that 50 BL events will pull in decent revenue, that at its height of 76 events in a calendar year Clit issued a profit warning!
Its a funny old world innit! Currently I have 53 investments, 31 of them are in profit and none of those in profit are on AIM. This one comes out of suspension at a massive drop just as another goes into suspension. I was lucky with vast, as I offloaded most of my shares at a small loss before the consolidation and just left a few in 'just in case' which are currently running at a 37.65% loss which I suppose is piddling compared to being down 73.21% in here.
it’s a leap of faith at lvcg on if you think dc will land one of the strategic investors or not. given there are two he is chasing, the odds are better than if there was only one option. the majority of the debt was converted at 3p - he could easily have totally wiped out shareholders by converting that much lower and he did prop the company up to get it relisted with a personal own and guarantee - he could have let it stay delisted and proposed a much lower conversion price for his shares. it’s still revenue generating and with op costs totally slashed, should make a profit this year which is better than 99% of aim companies. the mcap is only £2 million - which is nuts as the loose bricks alone are worth £6 million - never mind all the models. so he could sell the bricks, pay his loan back and there would still be enough to pay back shareholders twice the share price.
so while it’s not great, and there are still issues, it’s not all bad and could have been a lot worse. dc is a ****. of that there’s no doubt. but there are even bigger ****s out there. consider the following in the last couple of weeks alone where the directors have taken being ****s to new levels of ****ishness:
horizonte minerals #hzm - restructuring of debt “unlikely to be a positive outcome for existing shareholders”
loop up #loop - cancellation of listing
bidstack bids - administration and ceo buys it out of admin.
supply @me capital syme - it’s just a money laundering scam
bens creek #ben - drawdown of working capital facility (death spiral finance). ceo paid himself £1.4 million for losing £24 million.
c4x discover holdings #c4xd cancellation of listing
itsarm #its cancellation of listing
soundrel #snd - delisting
byotrol plc - cancellation of listing
molecular energies plc #men
and watch out in the next couple of weeks for the following
superdry #sdry - dunkerton was going to buy it out, now a placing at a very material discount and only in the condition that it’s taken private.
genedrive #gdr - after a year of death spiral finance has run out of cash
#vast resources - where to start. remember i warned you about vast at 9p - massively in debt, no sign of any fantasy diamonds - so a massively discounted placing, administration or delisting.
And we all know Knco AKA Tintin200 being an insider cannot be wrong :-)
Don't worry knco has guaranteed it to be 10p by June
I am cutting my small losses and wishing you well as it is still falling I notice.
My mistake buying this Phoo the other week.
No one can predict the (so) future - by next week we could be sub 0.5p or back over 1p - who knows!!
The new business investors may bring a fresh spurt. hence I bought a few the other week but I know the risks. They did go from 3p to over 12p once.
They are now even cheaper at 0.75 and I should have waited until after the meeting.
I must learn from my mistakes.
A lot of the rentals are to shopping centres who are already strapped for cash due to the shift in online shopping. Many of these are also council run and therefore cannot spend huge amounts let alone 150,000.
The largest sets that go to zoos, probably do achieve this, but far fewer.
"£150k would equate to almost two years total budget for the charity."
Should read '£150k would equate to almost two years total budget for events for the charity'.
Good post Bennster.
On another note "If you look at the previous rns’s and the turnover against the number of BL events, average order is £150k so far we have about 23 events and we are just 3 months in 2024. I believe we will do at least 50 events this year which is 7.5m"
Thats factually untrue regarding averages, as I took a look at the list of events and noticed one of them is local to me and I am an actual trustee on the board so had a word with the treasurer and took a look at what the actual cost is. It was a small fraction of what you suggested, in fact for it to be at an average of £150k would equate to almost two years total budget for the charity.
Morning all.
Thought I'd check in on developments. It's good that LVCG have communicated the right way this week - not via a love-in webinar but via RNS.
The content is, of course, still totally woolly and devoid of numbers (other than the 13.5M shares dropping onto the market over the next 5 months). No cornerstone investor has been signed - the RNS makes it very clear to those who read it that it may never happen - however, like with Jason Lee we are told there are positive signs and we should be excited about the future.
The business is now 300M shares when it used to be 60M - the mcap is now £2M when it used to be £30M.
The share price reflects the fact that of the 4 divisions, bricklive is the only one doing any business and now via a truncated model compared to the past. Startart was a folly and has rightly exited stage left. Kpop - we all know about that. Formula E movement etc etc - was a nice weekend for DC, nothing else.
DC now has a big charge on the assets as somebody earlier quite rightly said - the convertible loan note gives him first dibs on the assets left if this goes belly up, we are absolutely back of the queue for anything as SH's.
For me the SP is a fair and accurate reflection of the net book value of this company. Only when hard results materialise will this move - there's too many 1p shares washing about and clearly not many takers judging by the activity this week.
In that regard expecting the SP to go up of it's own accord is simply bizarre. Predicting 10p, 30p is even worse!
When/If a cornerstone investor comes along, we will see a further heavy dilution because they won't be charitable to any of us - they'll be in it for themselves of course. The idea that a further business venture will just benefit us is simply bizarre.
This company still lives and breathes - hopefully it will continue to do so but we all have to understand we own a much smaller share of a much smaller operation than we did 12 months ago. Our portfolio values reflect this.
"I have been unsettled by the recent rampings of some on this board prior to the lifting of suspension which have now turned out to be the ravings of demented persons."
Indeed, to provide context for those assertions, around the 1st of March, knco predicted the relisting price would be between 3p-5p, and the reality was quite different. Now, with predictions of 10p by summer, which is merely three months away, and 20p-30p by Christmas, if his accuracy is consistent with the current situation, I'm sceptical that we'll reach my break-even point, and I'll still be here, sifting through the ramblings of a madman.
" There will also be new brick live models/tours."
How many and at what cost?
Euston, I would suggest maybe don't sell all, just in case a fortune however unlikely is around the corner. After all, we both wrote off our holdings thinking it would not come out of suspension, so we are theoretically now in profit.