George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Isimpleinvestor, hum, a bit of contradictions in your posts, if you used to own your own recording studios in the 80s and you were recommended to lvcg by a friend because of festivals, surely you would be a bit more savvy and know what’s going on. Just a thought.
Sorry couldn’t resist this post. Hahaha.
I’m not here to give anyone financial advice, and if you are seeking that on an anonymous Bulliten board can I suggest you are probably looking in the wrong place. Plus If you think the world is headed into a meltdown, perhaps start stocking up on tinned foods ;-).
But for every analyst that gives a prediction of doom and gloom on oil there are others that give a positive outlook. Today Bloomberg (there’s plenty more) are saying they predict that the oil market is cooling off.
https://www.bloomberg.com/news/articles/2022-07-05/oil-price-boosting-gasoline-market-is-starting-to-cool-down
Oh and there’s plenty of people on these bulliten boards that claim to have a big holding in a company and are just “nervous” etc, but what I personally find difficult to believe is that someone can buy close to 1 m shares in an aim company (over 0.5%) and not say a single thing about the purchase (like that poster WW last year that apparently had millions of shares).
knigel - I like festivals and I used to have my own recording company back in the 1980's which was bought out by Virgin. A friend who has headlined a festival held by LVCG recommended the share suggesting it to be a good punt and this why I hold them. Outside of that I don't know much about it.
So let’s hear some of your positive points on this share then....? :-)
MB10 One - I will just have to wait and see. Similar articles were abound last year and what happened next was obvious but articles such as that still proliferated. The same again for next year as fuel and energy costs continue to increase across the globe. The difference is that what we are seeing is the after effects of the pandemic and the forward position of the war in Ukraine. For example oil is currently $111 a barrel and it is being predicted to be closer to $300 a barrel in mid 2023. That's almost 3 times the level it is now. I wonder if festivals will notice the costs of running generators tripling on the day. In March this year extra costs to festivals were running at 30% more and its closer to 50% now in July so where is it likely to be in 2023 if costs continue to increase will festivals be in a position to run if tickets are pre sold and costs are higher than revenues. With regards to suggesting I should sell if I'm not confident in a share. I look at the bigger picture and weigh up the pros and the cons. Would you cut and run on a 40% loss when holding almost a million shares. Or would you wait and see what the future does hold and hope for the best?
Oh well, I’ll just have to mop up more, at these silly prices. You either believe in the company going forward or you don’t, it’s everyones prerogative. All will be revealed soon.
Plenty of articles that are anticipating music festivals to not just bounce back from the pandemic, but will surpass its pre pandemic level.
https://www.mintel.com/press-centre/leisure/rock-on-uk-music-concerts-and-festivals-sales-set-to-surpass-pre-covid-levels-in-2023
Following two years of pandemic-induced cancellations, Mintel forecasts UK sales of music festivals and concerts will bounce back during 2022 and that the value of the market will surpass its pre-COVID level in 2023. Sales are set to reach nearly £2.79 billion next year, up from £2.77 billion in 2019.
By 2026, Mintel estimates the market will reach a record high of more than £3.22 billion as the industry continues to cash in on pent-up consumer demand for live experiences that were off-limits during 2020 and 2021.
Despite 2021 being far from a normal year in the music festival calendar, overall participation in attending festivals recovered to around 80% of its pre-pandemic level as just over a fifth (21%) of UK consumers attended a music festival in the year to March 2022, compared to 26% in the 12 months to May 2019. Nearly half (49%) of 16-24s attended a music festival in the 12 months to March 2022, meaning overall participation among this age group has recovered to its pre-pandemic level (49%).
"Lol almost as many as myself - yet you have never posted"
I do post but not often, as I have a wider portfolio and one share in particular (Hurricane Energy) has had a very colourful history over the last year or so. This one has come to the fore due to the sudden drop in value since April when really it should be rising, much akin to Hurricane.
"Oh and can anyone remind me how many people turned up at the recent Glastonbury festival? Over 200,000."
To quote the Glastonbury ticket page "General admission full weekend tickets for the 2022 Festival are sold out, having rolled over deposits paid for the 2020 Festival for a second year, following the cancellation of the 2021 Festival."
https://www.glastonburyfestivals.co.uk/information/tickets/
If you read the thread you will know that a few newbies have appeared out of the woodwork recently trashing this company - it’s personal against David C most of the time. However apologies as I note you are a long term LSE member so I will check next time.
Lol almost as many as myself - yet you have never posted - strange that but btw I am as perplexed as the rest of us of so many small cap shares falling way below their true value - and maybe you should just sell up your portfolio if you are so pessimistic on the outlook - or you can do what the rest of us are doing - holding/adding and waiting as long as it takes for the markets to correct back..
Oh and can anyone remind me how many people turned up at the recent Glastonbury festival? Over 200,000. So claiming that the pent up demand isn’t there is total nonsense. Can’t wait until the financial guidance is published here, although no doubt the trolls will find something to complain about that too.
This troll owns 980,000 shares that are currently down by 40% and are continuing to drop and was asking a serious question. It's such a pity that it appears that nobody can give a serious answer and can only suggest a investor to be a troll for asking a question.
You asked a question and I gave my reply, including giving an article that was around the last recession clearly showing that festivals were recession proof. Yet you launch off in an “angry man” tirade. Honesty, if you don’t like lvcg then don’t buy any, but don’t bring your trolling agenda on this board.
Oh and Frankfurt has sold over E1 million in ticket sales for next year already - in a month - around 12,000 tickets - SO KPOP DEMAND IS THERE - troll that!
Our next festivals are in H2 2023 not tomorrow so yet again we have another troll with agendas and young people tend to have the disposable income - no company is completely immune from rising costs - but most of it is Ukraine related - we ain’t locking down again for a heavy cold virus either! So why are you here again? Btw most of these factors are already baked into the bargain share price imho
MB10 - "And here is an article that illustrates the belief that the festivals business is recession proof:"
Putting up an article from 2010 doesn't answer my question. In 2010 did we have inflation approaching 10%. Did we have high fuel and energy prices. Were we suffering war in Europe, reduced income, higher taxes, staffing problems at venues, higher production costs, a pandemic etc or was inflation at a whopping 3.4% was fuel £1 a litre lower than it is today were wages worth almost double what they are worth now. Was there peace in Europe, did we have freedom of movement and a multitude of other pluses compared to the current position.
"Millions of us seem more willing than ever to shell out sizeable sums to see our favourite bands, go to a show or watch the latest 3D blockbuster movie."
Millions? Festivals left, right and centre have been cancelled due to covid with flatlining ticket sales and rising production outgoings have seen many events postponed due to the higher living costs. Many festivals including Glastonbury, Latitude and others sold out because many of their tickets had been held since prior to covid when they were cancelled and their punters given the option of holding on to their ticket for when the festivals could resume rather than refunded.
I'm asking with regards to festivals moving forward 2022/2023 , not festivals that took place in 2009/2010.
Here are a couple of links that are with regards the here and now.
https://www.theguardian.com/music/2022/jun/04/uk-summer-music-festivals-forced-to-close-as-cost-of-living-crisis-hits-home
https://www.festicket.com/collections/coronavirus-list-confirmed-cancelled-festivals/
to quote AIF (Association of Independent Festivals) CEO Paul Reed - "the effects of the pandemic are still being felt by the independent festival sector and the need for Government action remains. With festival organisers facing crippling cost increases of up to 30% across operations and infrastructure, this is not back to business as usual for festivals"
And here is an article that illustrates the belief that the festivals business is recession proof:
https://www.theguardian.com/money/2010/may/22/ticket-sales-boom-recession
No one told the entertainment industry about the recession. Festivals sold out, theatre takings hit a new record, and blockbuster films filled cinemas
Millions of us seem more willing than ever to shell out sizeable sums to see our favourite bands, go to a show or watch the latest 3D blockbuster movie.
The boom in live music in recent years is well-documented, with acts as diverse as AC/DC and Lily Allen able to fill huge arenas – often with ticket prices to match. It was reported that in 2009, London's 02 Arena was the world's most popular music venue for the second year running, selling more than 2m concert tickets.
Music festivals are also soaking up spare cash. Tickets for Glastonbury (23-27 June), were quick to sell out, despite costing £185 each. It is a similar story with Latitude festival in Suffolk; organisers recently announced that with more than two months to go, all weekend and day tickets for the 15-18 July event have been snapped up. That's despite a capacity increase (to 35,000) and a ticket price hike.
It’s been shown that those companies that deliver festivals and live events can be recession proof. E.g. if foreign holidays get too expensive, then people will end up spending on entertaining their children at home. The fact that the company is global and enhance existing attractions (zoos and town centres etc), means that the BL part of the business should be recession proof. And festivals are one off events that fans will continue paying for even in a recession. Just have a look on any social media at the KPOP fans any you can clearly see that.
Well it’s global for a start - large sport events usually get sold out - KPOP is massive with millions of followers for the bands so concerts around the world Should still have high demand - BrickLive might be effected by a deep recession (that’s debatable) but there’s no guarantee of a recession (short or long) globally anyway! A lot depends on when the war ends.
"But lvcg is mainly recession proof IMO. "
Explain why you believe a live events and entertainment company is recession proof. Take away the punters who are cash strapped during a recession and where is your income?
Tintin, you change your mind more times than you change your pants. Sometimes negative and sometimes positive. I cannot keep up with you. Just dipped my toe in again and bought. Buying more will be determined by how the SP moves. GLA.
Well said Knigel. I can’t believe our dynamic duo actually think anyone on this board would take any notice of a single thing they say. Even if they say a panda is black and white I might have to go and double check.
You said you spoke to DC a while back and it came to pass it was BS so stop with the nonsense - if you want to flood a thread with mindless ramps you are on the wrong website
Anyone putting £10k would make £30k profit imo as this will definitely be 20p in a month or so easy money