let's be positive, CEO working hard getting more events28 Feb 2023 12:39
Compare the 4 divisions of LVCG
Bricklive. Aquired for over £9 million. Costs reduced massively, has circa £6m in stock and over 28 touring sets plus the commercial rights for building sets for some of the most valuable children’s IP on the planet, and rights to host bricklive tours. Recovering post covid and on the figures from the accounts should be profitable this year.
StarArt. Independently valued at £5.5m last year. Growth path outlined very clearly and being executed. Moving into the digital space very soon. Already profitable.
LCSE. Contracts in cycling etc mean it’s roughly breakeven already. Management. Fee of €350,000 a year for the 10 year contract secured to host formula e in Cape Town with 100% of the commercial sponsorship rights. Ocean race, efest, golf and conference business growing. Promotional company shares have increased in value by over 500% since acquired.
KPOP. Already profitable from just one successful concert last year. If both days had been filled it would have been close to £1m profit for LVCG. Merchandising, streaming and sponsorship all growth areas. Now 3 (multi year) festivals on the books and in advanced stages to hold another 2 and in discussions to hold even more around the world.
Imo each one of these divisions alone is worth more than the current market cap of £5. 75M