The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Not sure if this is legit, but registered anyway.
https://t.co/JKlQfIu3JM
Maybe a little bit syndical, but i still don’t trust DC. He only cares about one person - some will say he has done xyz to save the business during covid, and lent money etc. Yes he has done these thing but only to save his own skin, his lifetimes work in in LV and on the cusp of retirement he wasn’t going to let that go. If he’s cut salary, or waived fees it to protect the accounts and stop bankruptcy, nothing to do with looking out for shareholders.
That said, if there is a deal here DC will no doubt broker it, and use the proceeds to pay him self a huge fee, pay his loans back with relevant interests, buy another chunk of his art folly and chase something else he thinks will line his pockets. I live to be proven wrong, but after 3 years of DCs jam tomorrow promises - including the infamous £4 a share target - I’m just a little cynical. Or maybe I’m just having a bad day!
DCs renumeration is now THE issue. With that taken off the front page we can get on and restore shareholder value. The team around him are well aware of this and we’ll find out in due course if they are therefore for shareholders or the chairman’s lifestyle. If it’s the former then we have a great chance, if it’s the latter we’ll bounce along down hear until DC has sucked the company dry.
What’s the point of freebie shares if he can’t realise their value? That’s the one thing that I clutch on to here. DC is an old man with a significant holding. He only has one exit - to sell the company. He also has a lot of good and clever people around him, either they are in on the conspiracy, or DC has them fooled too. I have no idea how this ends, but it isn’t here and when Covid is gone, and the world returns to normal there’s a chance this might just work out. But I concede, this is now a punt.
Hard to disagree with your points. Although DC has addressed much of the concerns on the cash he takes out. Bonus shares have been declined and rental agreements rescinded. Financial clarity is holding us back, no doubt about it. But they have reiterated they are on track, business growth supports that claim, I personally think they’ll exceed targets. 20% greater than forecast bookings should align to greater revenue and profits. They continue to beaver away on new deals to develop the business further - and there is no doubt the product is VERY popular and is starting to sell itself. The touring concept and the increased footfall it brings is a phenomenal success. It’s why big brands like NKD signed up, and more recently Penguin with the snowman - I’m sure these won’t be the last. I expect the US to really kick off next year and dwarf UK numbers. Imagine Exhibitions are a quality outfit and VERY well connected. The patient will be very well rewarded, and my gut tells me sooner rather than later.
It’s actually not expensive. I’ve asked. The full Animal Paradise set, which makes circa £50k+ a month fits in 2 max 3 containers. Given that these big sets are generally in situ for 4/5 months, generating circa £250k, the travel costs are insignificant. As to the share price, mostly comes down to impatience and a couple of big (this is relative - tiny really) sellers. Current fears seem to be based on financial status, I’m not sure what else the company can do than continue to repeat they are on track to achieve forecast - I.e a maiden net profit. If folk want to think this is a lie or hold out for some sort of tangible evidence, then not a lot they can do. Personally I’m happy with progress and expect this to rise quickly when the doubters are silenced. You either believe the story or you don’t.
They also had circa 1.5m in invoices due, and expected H2 to be significantly more lucrative than H1, which the show numbers have supported. They’ve confirmed they are on track to make a maiden net profit, so I really don’t think cash is an issue here at the current run rate.
“touring exhibitions are a buoyant growth sector” the museum exhibitions market ALONE is worth $6bn! ?? Expand this to zoos, shopping malls, Retail BIDs and other “live venues” ?? gives you some idea why Bricklive is SUCH a compelling investment.
https://e.issuu.com/issuu-reader3-embed-files/latest/twittercard.html?u=leisuremedia&d=am_issue4_2019&p=78
From 36 to 51.5 (over 40%) in 7 days. And on low volume too. MMS on fumes and buying demand is still there. Now at the highest price since the fall in June.
Company continues to grow every day, the SP still has a long long way to go.
Weaverslane. I’m in contact with several retail shareholders that hold >300k, myself included. Including holdings over 1m. Most are a bit irritated by the SP, but all are very relaxed by the business growth and opportunity. Are we all stupid? Time will tell.
The reality of a risk/reward investment is that you take your position based on probability. Is the product of quality, is there demand that’s growing, is it sustainable, are there barriers to entry, and is it profitable? For me - and what I hear from others - these are all an emphatic yes. Until each point is proven beyond doubt, people like major boy will sow seeds on points of doubt to unsettle nervous holders. Why somebody would waste their time making negative comments on a share they don’t hold is beyond me, but people all have different agendas. Lower entry points, short positions, historic grudges. Who’s knows.
The only thing to prove for me is that revenue can sustain operations and future growth. We are told this is the case, and even that from Q2 we are profitable, and operating inline with a circa £7m turnover and £500k net profit forecast, heavily weighted in H2. But this is not yet printed in formal accounts, so it gives doubt. But probability suggests that unless the company is giving misleading statements it will happen. Personally I think they’ll exceed these numbers, but let’s see.
The one think I keep going back to is the punters love our products/exhibits. 10s of thousands are attracted by them and many take to social media to express how impressed they are. This is why we continue to grow. So long as the numbers add up, the SP will eventually follow. As buffet said. The stock market is a short term voting machine and a long term weighing machine. It just needs patience.
Looks like LVCG have picked up a new partner in France. Toulouse Bricklive is being promoted by GL Events, ahead of any announcement from LVCG. Not clear on the extent of the deal, but GL Events are a major player with control of 50 venues across Europe and the wider world. Expecting an announcement on this next week. Hard to keep up with the progress here. https://youtu.be/R98cc0Mk-6o
6 exhibition events planned in the very near future. Bricklive just goes from strength to strength.
> Aberdeen 20/09 - 22/09
> Liverpool 25/10 - 27/10
> Birmingham 31/10 - 3/11
> Geneva 18/10 - 27/10
> Brussels 25/10 - 3/11
> Toulouse 19/10 - 27/10
US about to take off. Asia simmering. The brand is going viral.
“Voluntary” - How does that square with the RNS? How did the directors not know??!!!!
“The directors will, as a matter of urgency, investigate the veracity of the email and its contents and seek to resolve the situation as quickly as possible. “
How the RNS from yesterday make out the Directors don’t know about this, when clearly it’s a voluntary act?
https://www.muswellbrookchronicle.com.au/story/6369214/mrs-services-group-in-hands-of-voluntary-administrator/?fbclid=IwAR3QKWvtF5Ku6CgR2ima3JAT6uhacjqLG6KQWqGo1fkem7GzlRLyls0P6b8
Summary points;
- Already hit EOY targets
- New internal target - sure we’ll hit that, beat that!
- See significant growth in US next 6/9 months
- Mexico is North America
- Hit targets way in advance
- Got 22 meetings set up with US zoos and Aquarian’s!!!!!!!
- Deal with NKD. Expect an international IP programme by year end!
- Strong exhibition business. Reliably informed will have 5th Bricklive by end of October.
- Every area of the business is in growth.
- Planning now for next year. Europe will continue to grow.
- Asia is reliable
- US will have significant/big growth compared to today
- Partnering with IPs will be the big news in 2020. Was zoos in 2019.
- Business growth will deliver higher SP by year end.
- Zoo programme. IP growth. Show growth. All linked parts of strategy.
- “Can’t make everybody inside, but I know what I know” Next 6 months will be very good
Great interview.
https://twitter.com/darola841662/status/1166330898352082946?s=12
They can’t announce that they are exceeding, or even expecting to exceed revenue until it’s booked and is more than 10% of original forecasts. But who would bet against them? When they have hit their events target in 8 mths, with 4mths of the year still to go! Momentum is strong and this company will build and build - the public love the product, and that speaks volumes.