The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I read it slightly different
JL deal was for 5m new shares at 4p tied in for 12 months. Perhaps I missed the actual issue of shares, but it looks to me like JL has bought 10m on top of the finance deal ?
Happy to be corrected if I'm wrong
MB10 > To be fair 300k is a fair chunk of change, but I'm guessing it will be earmarked for Kpop promotion. It was disappointing as the placing was voted through on the understanding there would be funds financing both Kpop & Bricklive. You've been here since I bought in and seem to know a bit more of the history, have you got any ideas as to what Covid-19 legacies DC may be reffering to?
The placing and investment were approved by a general meeting in July 2022. Due to cash receipts in recent months being below budget, in the main, funds have been used to settle COVID-19 related legacies and this has meant that in the short term cash continues to be tight
Seems a good move to me.
The main plus seems to be Jason Lees ability to book acts "content"
For K.Flex to succeed we will a constant flow of new acts and top current acts, with a Korean partner this will be far more achievable.
Interesting coversation guys, still nothing to help the SP unfortunately.
I'll be keeping a close eye on tickets sales on Friday, hopefully the touts will pick up on this and help towards a sell out by 10am. We also have the release the full 2023 Formula E calender on 19th October.
If neither of these get us on an upward trajectory, then its time to bail
Nice to read some balanced input now ive filtered the menace.
I'm not so sure this is not a KPE venture.
As stated in the 30th September RNS
KPE, is the Group's subsidiary which is 50% owned with Explorado Venture GmbH).
The way I see it K.Flex is just a renaming of Kpop.Flex for marketing reasons. and all future events will be promoted by the group subsidiary KPE.
Hope I'm wrong, but with the added partnership of Jason Lee we need clarification of exactly what the returns to LVCG will be
I'm with you Suedee > I really though it was too late in the year to announce a concert, and DC had reneged on his promise of at least one more this year. Even though I'm not happy with the way it was announced, its definately good news. Personally I'm looking forward to seeing all the doubters get silenced when FIA release the official Formula E calender this month.