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Thanks GeordieDan - That is excellent news.
Guzzler - I do agree and I have accumulated as much as I can afford and massively skewed my portfolio to LVCG as I really believe the opportunity is huge but that is why the uncertainty on the financial numbers is of great interest to me. I need to be patient as ever!
Thanks Both, I appreciate the detail needs to remain commercially confidential but some sense of the magnitude of revenue/profit does need to be understood, even if it is simply consolidated within annual turnover and profit targets. Bear in mind that the touring licence values are being stated in RNSs. If the numbers and profits are what I suspect I think many more would be buying. Maybe a broker’s report released soon will help. I think a lot of people are waiting and watching rather than buying because presently they can’t effectively relate the market cap to an estimated level of annual earnings. I’m sure that will be rectified some time in 2019.
Thanks Guzzler- the FAQs are really useful. I still want to know what sort of licence and content fee they receive for 'normal' bricklive events. Does anyone know roughly how much they would have made from the latest Birmingham show for example?
But there will still be those who bought in on the placement who will sell out at no loss because they thought they’d be able to have flipped their shares for an instant 20% profit and they don’t actually understand the business in my opinion. That might slow down the SP recovery around the 65p mark for a few days. Hopefully not but it is possible. However, if a brokers report does come out that clarifies the profit margins being made and highlights the future potential I think that will be the game changer. The market for people to pay to visit and see the Lego builds, bricks to play, create and learn with is enormous and the spin offs being generated all over the world with the worlds premier businesses (Microsoft/Live nation/Nintendo etc) is so exciting.
Sundayroast - This is the flip side, some volume returns and the SP rises. That’s why trading on AIM is so hard. LVCG has great fundamentals, cash inflow, great quality execs and non-execs with fantastic connections. Eventually, no-one knows when, the SP will reflect true value. Doing well for me on AIM is finding the few businesses with those credentials and then having the patience to wait for ‘true value’. Hopefully news is coming and the momentum can swing to positive again for a sustained period. GLA.
Guzzler, I totally agree with you but it is human nature to worry after such a brutal fall in SP, now 20% lower than the placement price. I think the market really needs more clarity from DC and the team about the company's cash position - are they generating enough to avoid more placements/dilution and what sort of margins can be or have been generated from all of the deals being won and announced. What are the annual profit targets? - this financial data (that I believe should be really strong) is needed to support the market cap predictions and therefore the SP. If you can glean any of that from your meetings or anything else to help sure up confidence in the company as well as their views on the SP decline and let us know I'd be extremely grateful - Thanks