Member Info for Bennster

Hughesleisure - we are in the same boat and the same place with this company.
I hold because I still have some hope, but want the CFO to sort out the performance too.
I find it depressing that this MB becomes an echo chamber for optimists who then attack anybody who refers to the actual reported performance and state of the business.
I'm surprised I haven't had the "why don't you sell" financial advice yet.....

A fascinating post MB10:

"Sure nobody like dilution, but the business over the same period has massively expanded, and I would argue it’s more than 4 times bigger with more than 4 times the potential."

And yet the FACTS as per RNS show a loss and a net book value less than 12 months ago, despite all this Aquisition

"Bricklive - Lvcg acquired this business for circa £9m and have expanded what it does into live shows, zoo touring, BIDs as well as built an inventory of models and made content deals with big industry players"

And yet the FACTS as per RNS show a loss and a net book value less than 12 months ago.

"LCSE That has already been described in an RNS as a “contract that was worth more than the market cap” (£6m at the time)."

And yet the FACTS as per RNS show no revenue or book value anything like

"The EBIT targets of £488k this year and £1.4m next year easily support that independent valuation."

Boy, I could just go on and on with that last post......

Look, you are totally entitled to have a massive optimism for the future MB10, as long as you don't try to chuck stones at those who post FACTS and try to make out they are the Walter Mittys.
You don't add any credibility to the hopes for the future this way. The FACTS say otherwise until LVCG can give FACTS that supersede the latest financial statements and shares in issue.

I absolutely agree with all of that.

sadly so do I - I'll raise your MOS with BRH

to be fair you're right - a lot of small caps will have raised to survive.
The difference is that we raised - only to give the funds to the Chairman at a premium for one of his other interests and then raise some more to pay the bills. We shouldn't have been run like this. A sensible approach would be cost control and cash retention for now, that would have helped us as LTH's. Instead, DC got the gain.
It's now vital that this bloated range of divisions starts to return value TO US to restore some long overdue faith.
IF (a little word with a big meaning) we get EBIT of that scale then that's a great start.
Clearly there was so much excitement last week and this RNS is the outcome - I feel let down again.

with genuine apologies to those who don't like to see the numbers: please apply your rose tinted specs now....

Friday 19th November 2021 - shares in issue 147,116,431 @ 3.45p
Friday 18th November 2022 - shares in issue 242,569,604 @ 3.25p (at time of post)
June 2021 Net Book Value £5.85M
June 2022 Net Book Value £5.25M

Welcome to the wonderful world of death by dilution. As you may have gathered this is why I get so angry with the issuing of shares on a loop without the return that justifies it.
This company needs to return value and SOON

Knigel - just 23 directors appointments listed on company's house - I looked at 3 and they were almost all tiny but each one represents a company that he can ask LVCG to buy up and as he owns so much of LVCG who could stop him?

John David Nikolas CICLITIRA
Filter appointments
Filter appointmentsCurrent appointments
Total number of appointments 23

I am learning the hard way - avoid the AIM share with the over mighty chairman.
I really believe this will make money eventually but by then the portion that I own will be negligible and I STILL don't know how much will ever filter down to me in dividends or retained earnings.

He told you he could make cider squirt from your ear too Tintin.
Read the RNS over the last 12 months and put the pieces together.
This is anchored now and it's going to take a long time and a huge amount of real measurable progress to see this reach where it was in May.

check companies house - he has many

so no more funding needed eh? heard that before.... then he finds some other investment he already owns and buys it via LVCG, like err Startart....

It IS disregard to holders.
If there is cash generation elsewhere then that should have been retained to support the business in 2022 instead of spending like crazy when the cash wasn't there and then handing out big slices of the company out at rock bottom prices.
This is what kills sentiment. In 12 months we've almost doubled in issued equity meaning targets of 20p a share, however fanciful back then are only 10p now - unless somehow, we're going to make double the profit.
DC will keep on taking his cut of course.....

hypocrite! You repeatedly insult me, twist my title etc.
Take your own advice.

RNS is available for all/any news that can affect a company's share price - it MUST be used for director dealings, material financial news but that doesn't preclude it from being used for other avenues..... lifted from the RNS site...

"Why did the London Stock Exchange launch the RNS?
The RNS was officially launched in 1988, replacing the Company News Service, which published full-text reports. Since then, the RNS has become the London stock market’s official news outlet for both regulatory and financial announcements for UK-listed and AIM-listed companies.

"Since its founding, the RNS has become a globally recognised provider of regulatory news. This news can play a crucial role in helping traders and investors make informed decisions about the shares of UK companies. This is because the information supplied by the RNS is normally published on over two million professional terminals, databases and financial websites around the world.

For companies, releasing their company news through the RNS enables their announcements to spread quickly to traders and other interested parties."

A new show like this one can have a material effect on the company's share price as it provides news of an investment activity intended to generate extra (new) income.
My beef is that RNS should include numbers and data to back up the "story" and DC never does this.

It's hard to reason with stupidity folks...

Starknight - yesterday you posted: "Braveheart Investments have sold 170,000 shares in Velocity at a price of 7.9882praising a total of £13,580"

That's wrong. Those are the stats from TB's buy on 4th November. That's what you were confused about....

Pleased it's come as an RNS - that's proper mature comms.
Given the state of Twitter I wouldn't believe anything I saw there...
WINNER have a big following in South Korea so it's a very good tester for the Startart formula.
The big challenge for DC and his team is to report the results from this clearly via RNS so we aren't left waiting months to find out they didn't make anything.

Hi Chavi

BRH have a reduced holding in velocity Composites. I still need to work out if that's because shares have been issued to dilute BRH or if they've actually sold some - can't tell from the RNS, although "An acquisition or disposal of voting rights" has been ticked which suggests a sale.

Market falls, AIM falls harder.
Market rises, AIM catches the breeze....

We all believe this one is at rock bottom, and last week we got the first bit of DC resurfacing with some good news.
As long as this rise isn't Zak Mir, then I'm happy it's sustainable.

When you can meet triumph and disaster and treat those imposters just the same.

This share has been squeezed for so long it's entitled to rise a little as the general market does. Bear in mind there's no news to make this happen it's just ebbing and flowing for now.

Fair play Jimmy for coming back to us :-)
Would be nice if this shower had a money spinner like that, but we wait...
Slowroll - I reckon the Prof will be buying himself a blue tick, then he can post whatever he feels like and it'll be lapped up.

Important to keep it real - understand the value of an asset based on the fundamentals, not a Bollinger band.
This week a major Crypto exchange has gone to the wall (FTX) and here we have a PLC backed Narni bridge technology rapidly growing. That's the compelling case, not a graph.
The opportunity (risk) is all about this tech. and how it can be adopted by mainstream banking services.