Food for thought13 Jun 2018 10:49
So far bricklive has 60 planned events for this year, from these events, which we licence out to our partners, we get paid a license fee, content fees, percentage of ticket sales, merchandise fees, sponsorship fees.
Now because we license the events out, the actually outlay is minimum but the profit margin high, some jurisdictions the fees may be higher than in others, let’s say maybe UK more than Asia. let’s call it roughly £150k revenue per event all in, and we know the margin is high so let’s say 65% (although I personally think it’s higher) that’s roughly £100k profit per event. We have 60 this year so that’s £6m pure profit.
Now that’s just the events we know about, and baring in mind I’ve probably really under egged those numbers, I can imagine they are probably higher.
On top of that we have a joint venture deal with BTS bricklive cafe, bricklive touring, bricklive kids club, bricklive kids cafe, and also permanent bricklive venues being opened. We don’t know how much these are spinning but again one can imagine it’s probably fairly significant.
Lastly I will say, the free float is 12.3%, the rest is with II’s and board members/notifiable holders. I can’t think of another company on AIM with such a small freefloat which prospects such as this, it really could do a very big move very quickly.
Anyone that is wanting to build a sizeable position here is going to struggle, and considering we are only doing £50-£100k volume days, we get murdered on a £12k sell, it doesn’t take much to imagine what will happen when we start getting real solid news and volume, the last volume day we had was the day it started to trade as LVCG and it spiked to £1 and that was on 1.6m volume or roughly £700k volume at this share price, so just shows what could happen here on news.