Member Info for Bennster

better plan to release positive news on a Monday :-)
Shame there's no detail on October's event - what was it worth? - you know, some actual numbers?
I should know better.

Northing personal Chavi but :-

Take a good look at the share price graph for the last 12 months.
take a good look (and read) the RNS flow in that time.

Now you know the answer sadly for all of us caught out here.
Bottom of the sock drawer, sold at a loss, or hope at the bottom of a bottle is all I can advise here.

be careful what you wish for Zookeeper - Friday is the usual day for burying unwelcome news.
If we have something "big" to announce then lets have that on a Monday please - give the market a whole week to digest and respond.

I had my posts deleted last time I dared to comment on why the financials are where they are - so much for free speech.
The full year results make it clear where the cash (profit) has gone in the last 12 months - I am cross it's cost us so much to break free but at least we can look forward now.
I don't agree at all with the free offer at 33p - that's stupidly low and devalues all of us little guys as well as a certain other holder who used to be employed......

yep - but as said so many times - it has nothing to do with BRH.
The COVID use for CX300 has been shelved and they are pressing on with using it for Sepsis and Bladder Cancer.
That's why we have a MCAP of £6M - same as the net book value.

sorry - Paraytec is £280k (the company doing the CX300 work)
Phasefocus is the big fish of course, with the bulk of the balance sheet value and the most likely source of revenue for us.

Unfortunately after the "lights and bells" around CX300 and COVID, that's more ramping than marketing.
The detail we have from RNS is that the test is a while away from passing testing, certification and then we have to start on the world of actually selling the test. Phasefocus is carried on the balance sheet at about £280k so hardly a world beater.
There's a reason why we are where we are at 8.5p - SP is about reflective of net book value right now.

Spirit of debate, not an axe to grind Jimmy....

but you posted this....
"The bottom line is LVCG are now fully funded for next year and with clear newsflow potential in the pipeline, so buyers will return here."
I can't agree, I posted just a couple of days ago to remind all that £500k is going out of the door on Dec 31st to DC and Ranjit. I don't believe we are fully funded yet. We need some real EBIT to cover further costs.

More worrying is that DC has communicated recently, both RNS and video, and still we have sellers but no buyers.
Is this because the message hasn't landed/believed or because it's been missed? Are those on the sidelines waiting for other news?
Is the market sentiment to blame - thoughts please?

Another dead day - always nice on days like this to look back with nostalgia to happier times...
Just had a wry chuckle at the posts 2 weeks ago when we were heading past 10p never to return *sigh*

Not the Whale?

Knigel - it's a complicated one because after the original valuation they reduced it under shareholder pressure, so what I quoted came from the revised RNS.
If there is an EBIT of £488k that means that it has more than washed its face - that's profit not revenue.

I'm glad you have agreed with me at last MB10
As per your post, the independent valuation was for the value of the Startart business, not the EBIT thresholds, which remain a target.
You have rightly not replied on the merchandising revenue mystery.

I am aware that the recent share issue to Jason Lee has reassured some here that we have £1.5M in cash so no need to raise again... I would refer you to this extract from RNS on Startart acquisition:

"New Terms of the Acquisition
The initial cash consideration remains at £120,000 payable to Ranjit Murugason on completion of the transaction together with, £1,061,402 and £35,699 to be satisfied by the issue of shares at a price of 6p per share of 17,690,036 and 594,991 new ordinary shares ("Consideration Shares") to Mr Ciclitira and Mr Murugason respectively. It has now been ageed that these shares (which for clarification were never intended to attract warrants) will be subject to a one year lock-in from the date of issuance.

The further cash consideration of £300,000 and £200,000 will remain payable on 31 December 2022 to Mr Ciclitira and Mr Murugason respectively."

So that's where £500k of the latest placement/dilution is going in case it had been overlooked.

I am now concerned that you "have it on good authority" there's revenues and profit not declared in the results.....
I have just re-read the RNS dated 30th September:
Total revenues for LVCG half year to 30th June 2022 = £2.606M
Bricklive £1.006M
LCSE £573k
KFLEX £977k
Unallocated £50k

So where is this merchandising revenue if it's not here? The £977k K FLEX revenue derived the £83k profit for LVCG.

"I have it on good authority" sounds like a Tintin ramp when the RNS and results say otherwise.
Therefore your post cannot be entirely accurate.
The numbers you gave for EBIT at Startart were not based on an independent valuation either - it was the value of the company that came from an independent valuation.
You also haven't shown how that target may be achieved - you've just quoted it as an expectation.

good morning MB10 - I appreciate your post is not aimed at me. My post here is not meant to be rude, it's just pointing out some realities...
You have posted this before:
"Frankfurt made £160,000 profit, plus they recovered £127,000 in staff costs and they also made €350,000 from the merchandising minimum revenue guarantee".
Sorry, but that's not true.
Firstly the whole event did make £166k, but only £83k was for LVCG. Secondly there was no other profit - that's the bottom line including everything else like merchandising and staff costs. The last half year results show all the revenues and profit by division. It is helpful to read these, because it doesn't help any of us to keep quoting the wrong numbers.

"Then there’s the numbers given for StartArt EBIT of £488,000 this year and £1.5 m next year"
again, please let's be clear that's not an outcome or a forecast - it's a target to release more goodies to DC and Ranjit.

I believe the half year results are the only real financial data on performance we have ever received.

maybe you shouldn't get me mixed up repeatedly with other posters then? You've done that twice in the last 2 weeks

absolutely right Hughes. I admit I have been sucked up as a younger investor by boiler room self-affirming MB's and lived to regret it. I want to believe in good things to come for LVCG like Suedee, like you, like Knigel and even MB10. I'm also cross with myself for not selling into the last spike.
Apologies to others if I'm ratty at present - I just take exception to being called Walter Mitty for posting real data, by someone who then posts unsubstantiated ramps....

well said Suedee.