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The only reaction so far has been on these forums but not on SP or volume. Not sure if the market hasn't read the news or just took it with a pinch of salt. UK is going into a long recession not sure if any share would be spared.
Someone is selling at 2.50 everyday (500K yesterday, 750K today), probably the same seller... surely not making any money? The share is at year low and how much down can it go? The downside is limited imo, it could only go up from here surely.
So the company with only Bricklive (not sure if LCSE was a part then) was once valued at approx. 80p before Covid and now with K.flex, Efest and Start Art the SP is 2.5p?? Even with all the extra costs and dilution its way cheaper. I can never understand the human sentiments. Either the SP was wrong then (overvalued?) but its wrong even today (way undervalued imo). The real value lies somewhere in between mostly around 15-25p mark as some of them keep harping on about.
I believe the merchandising, streaming and sponsorship talks must have been held parallelly as you can't start after securing the contract. If we could prove that the event could be done profitably with such a short notice then next year's Frankfurt and London should be a bumper sale. Up an above from here hopefully. No more placings PLEASE DC.
I hope its not "Buy the rumour sell the news" spike. I have been a big advocate of buying the share of this company and remain bullish for a long term. These short term spikes won't bother me much though. I just want the SP to stabilise at much higher levels first then up and above from there. I am mostly in for 5 years+ same as Miton and other long term holders.
Let's just ignore trolls and rampers. What would it take to get the SP back to pre-covid levels?
1. First and foremost - No more placing/dilution.
2. More kpop concerts? How many more realistically? I have given up hope on any more this year.
3. More Bricklive shows? I think we are already doing a lot more.
4. Something of a value from Start Art!!
5. Cape Town e formula race.
6. Any more cycle race etc.?
6. Change in Governance? More inputs from Miton and Asian Investor so that David and Ranjit can't keep raising funds by diluting the equity.
Anything else? What would it get back to the valuation of say 20p. I know AIM companies can stay undervalued for a long long time but what would be the intrinsic value in terms of share price. All sensible comments welcomed.
The overall market sentiment is improving a little I believe and all the bad news are probably priced in, not just for LVCG but overall. The downside risk is there but upside chances are better. Risk and Reward, I believe the downside to lvcg is far too low then the upside but as usual DYOR. Things could only get better from here. I remain the LTH and not going anywhere for next couple of years. I didn't like s*it Art either but reading more about NFTs etc. it may not be such a bad idea only time will tell.
Markets can digest bad news but don't like uncertainty. 1m dropped from the valuation just like that? Was it too high before? Is it too low now? Nobody knows. What happened to the "independent" valuation? You can't just drop the value of a "division" as per your whims and fancy. I believe a lot of questions needs to be answered and David shouldn't be allowed to play around with SP like this. I remain LTH but will not add till I see some concrete evidence of real money coming in.
Being a LTH sucks with this company. How did they know the share would be 4.26p before placing? Were they waiting for the share price to go down (manipulation of sorts?) or did they just plan it last minute looking at the SP? Something is very fishy and I can never trust this guy DC. Thanks for the value destruction, you have lost all our trust now. Angry is an understatement.
I can easily see people trolling when they have sold out and waiting for a good entry point. Once they entered around 5p the tone is completely changed and targets of 12p and 20p have come back. Not sure if anyone falls for that sort of shi* anymore.
The share price is down but the volume is very low so I am not much concerned (yet). I am here for long term (at least a couple of years more) and my target is still a takeover by Lego/Live Nation etc. so I am good. Any further weakness and I will add. Things work at a certain pace in share market and I am not surprised with this lull in overall market. The sentiments are low everywhere (shares, crypto, properties etc.), once the mood improves I am sure we would see some new money coming in. This will possibly be the worst result of LVCG for a long-time hopefully and once we are past it we should see make real good money.
So there is something that market didn't like. It touched 13p now back to 9s. Classic case of buy on rumour and sell on news. I was expecting this and had mentioned before too. I think it will consolidate around 9-10 for the next leg up which could start after kpop or around June. All in all I am still very positive for the company and as long as the dilution doesn't happen the SP should be taken care of.