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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.
We appear to have the same break even point Hugh. I will be out when it hits that price.
Unfortunately DC is able to attract muppets/ puppets to do his hard work. You are making him rich at shareholders expense, it will dawn on people eventually
Knco AKA Tintin200 - give your ramping a rest. We all know who you are.
Not shameless at all and i’ve given an explanation as to why!
Claiming 10p by summer on a share that last traded at 0.736p would represent an increase of over 1250%.
Pretty shameless ramp even by the standards of these boards.
Tintin200 last posted on LSE on 6th February. Knco joined LSE on 7th February.
Same rampings, same predictions. Same rubbish.
Strange isn't it?
Same ramper, different name. Just my opinion.
By this summer sp will be 10p plus, remember this post!
Exactly! They make excuses like there is no point selling at a loss and they would buy if it dropped 50% why on earth would you do that if you don’t trust dc? Makes no sense!!
Why don’t you just sell up then? (I would with so many doubts..)
And DC now has his rights to recover his loan through the sale of our assets if it goes belly up. Convertable loans come before shareholders. He can’t lose. If you trust him remember how much he was selling startart for, we paid £1m for 16% of a business turning over £32k profit!!! And he wanted £5m for the rest
Bills and running costs are not £5m! Look even with Bl alone we should make at least £3m profit based on 50 contracts, so far 23. It is extremely undervalued imo. If you want to live in the past fair enough but dc’s £100m mc target medium term is not out of reach if you stop living in the past and look at the facts.
Tintin200 last posted on LSE on 6th February. Knco joined LSE on 7th February.
Same rampings, same predictions. Same rubbish.
Strange isn't it?
Same ramper, different name. Just my opinion.
I wonder what happened to other investors like Jason Lee, we never got told. Pinch of salt springs to mind but hopefully I will be proved wrong
My worry is that as shareholders we cover costs, bricklive pays the bills and debts and DC et al just transfer money out. We don’t get a return and are expendable. This has gone from £1 to 0.7p under David’s watch, the previous form is very poor and with sells to come and further dilution is he going to buck the trend of recent years???? We are only one more mistake from administration and they can’t even get the month right for the GM in an RNS.
I wouldn’t trust them to run my bath after kpop, never mind running another kpop event
Up to you but i think this is the bottom, once the cornerstones comes in sp will be many multiples, i sm very impressed with the amount of Bl contracts secured so far.
But bricklive profits must be less as it’s no longer in house and outsourced to all the people we sacked. I don’t think there will be any love lost there or good deals. Admin costs will be lower but we will have to outsource more. Costs will be similar I would have thought
When i said running costs it includes debt repayments but as i said most has been converted, the remaining debt is manageable. They are also looking at new models, this is all without the cornerstone and formula e. Average sponsorship for formula e is £2m plus we get 350k mang fee . Whichever way you look at it sp is undervalued
Lodo not really most of the debt has been converted, we have dc’s 20% on the £1.7m we have cut over 40 staff, i’s say inc debt staff running costs to be on aim its £1.5m per year, previously it was £3m of you look at the numbers even BL alone will see this in profit in the millions