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Great interview, this company is positioned brilliantly and is definitely on the up. What an opportunity. I’m expecting some fantastic sponsorship deals coming over the next 12 months and beyond after listening to DCs comments and lots more new developments. Can’t wait to hear about what has just been agreed in China.
Pmmbns1, thanks, I think they are all valid musings and I agree with you apart from the 'growing too quickly' point. I do think buying bright bricks was a very good acquisition and DC took the opportunity as quickly as he could. I'm sure he knew the inevitable placing to make that happen would materially damage the SP but only in the short-term and I think his longer term plan is to sell (allegedly for £4 per share) the company within 3 to 4 years. Owning bright bricks was essential to hit that target price I think. If that is accurate and true I for one am happy to remain a LTH and wait to see that outcome achieved.
Looks to me like the price has been kept down a little longer than necessary to allow some big buys to go through. Time for the SP to move back to something much more reflective of a profitable and very rapidly growing business...
I could see Brick Live ticking so many of the boxes that Merlin would be interested in and its mobility would add a lot to their portfolio that tends to be 'static', theme parks and the like. Even just advertising their theme parks etc would make sense at the Brick Live events, cafes and so on - same markets.
Guzzler, All good points, thanks. DC has created such a strong brand, content provision, great directors and staff (evebns specialists), incredible sponsors/partners and LVCG are delivering great events in many forms across the globe and the company is already profitable. Then add-in how well set they are to further innovate and disrupt with technology specialists and a focus on the most important educational areas of coding/programming and STEM subjects. The interest in the events and content from the public, governments, educators and businesses who want to align themselves to that agenda is simply massive so it is all rather genius isn't it! What has been achieved this year by a tiny AIM listed company is truly remarkable and I just don't think a lot of people/the market can believe it yet but I'm sure they will soon enough. I don't think there is a lot more to say and discuss hence the limited posts here but when the events continue to grow and succeed and the financials and forecasts are published greater interest will come. Personally, I think one of the huge events or entertainment companies might work it out before the wider market does and make a T/O offer that we can't refuse. As a LTH I'm happy to wait patiently and reap the rewards either way.
Nickb, I totally agree with guzzler, this is what happens on AIM and the price was going to be taken down to the placing price (or a little lower) because the MMs had the opportunity to do so. The placing also disrupted the very positive momentum. That sentiment will return with another couple of good RNSs and the fundamentals will win out, over whatever timescale. The acquisition does look like excellent business to me too. So as ever, for long term holders who see LVCG as an invesmtent and not a short-term trade just meed to stay patient and I'm sure we will revisit the recent SP high before too long because this company is worth it!
Nickb, it means that JGL (owned by DC) will pay those creditors on behalf of LVCG, and therefore LVCG need no longer treat them as a liability on their books. That will result in a one off improvement in their profit. I assume JGL are doing that as the creditors related to the golf event business that LVCG was created from through the reverse takeover.
Pmmbns1, I totally agree with your comments. The SP has reflected the great progress and momentum in recent months and I believe the first 6 months financial results since the reverse takeover were excellent and underpin our confidence. Nevertheless, the last couple of weeks have been painful and I don't think an RNS about a placing at a discount, when no-one knows when it will take place or how large it will be, was a great idea as the SP was always going to decline and remain in limbo until the facts out. But, as a long-term holder, it should make very little difference and I truly believe 2019 will be even more transformational and stellar than 2018 has been. GLA.
For the first 6 months of the BrickLive brand development. To be profitable during a period of investment and deal-making is truly incredible. The prospects already ‘bagged’ for the second half of the year are even better! The future for this company and its brands is extremely bright!
LVCG has seen a massive market opportunity in how to encourage kids to learn about computer programming through fun and games and they have placed the BrickLive brands in that space globally at an incredible speed with some of the worlds biggest organisations supporting them. This current AIM minnow will be understood by the market and/or by one of the huge players deciding to buy them out, I am sure.
Absolutely Jarv, this really is going to be huge. What content, what a brand and what a company that is evolving so rapidly! Shareholders really do just need to sit tight and enjoy the growth of a family orientated, fun and educational business that is going global - Incredible!