Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I thought StartArt had to hit annual EBITDA targets before further payments were made to DC? We never got to know if these targets were met… I would have thought MB10 would post comments today unless he/she is part of any fund raising exercise?
Ok - but it was quite detailed - obviously they didn’t expect London/E-formula to be cancelled!! The 3-5p range is what I would expect the brokers to forecast if Spain/Germany went ahead next year - but I am in the dark like the rest of the shareholders hold - I just always (!!) try to be positive even if I am quite angry now with the situation - have a good weekend
DC holds 24% of the share issue - yet you think that if there’s a deal it will be negative for us - maybe … but it’s in his interest to relist and try to improve the share price - my point being he will lose too if the company doesn’t relist - btw please Google what a “spammer” is…
JA - what about the companies that have been loss making for years yet find themselves at stupid valuations? There are plenty of shares on high PE ratios - usually because they have high percentage year on year growth or are predicted to expand (like Boom imho) rapidly over the next few years - you see, the markets usually project forward and not backwards.. fair enough though re it’s hard to give a true valuation here because we get quarterly results - some good/some average… however if you wish to short the share - go ahead :-)
Have any of you sent an email to Sarah at LVCG? I did last week and she acknowledged that “it had been a while” since a RNS has been issued - she said she would pass my concerns to the BoD. My point is that perhaps if we ALL sent a similar message email re lack of news and possible SH group action - it “might” gain a response as moaning on here (rightly) obviously isn’t working…
It seems like there are simply more cities wanting to host races than slots available - I think there’s a couple of new venues next year. Btw if LVCG is planning for 2025 - that suggests the company isn’t about to go bust ???
So no need to keep posting then if you think it’s all over….? I do wonder if MB10 has not posted because he is on the “inside” re options still hopefully available… and I didn’t realise BrickLive is still loss making .. not what the broker implied… btw I do agree it’s dire but I will wait for news from the company - then it will be worth discussing on actual news!!!!
Sue, some advice - try to switch off - at least over the weekend - we are ALL in the dark. I look back at the broker note - actually they predicted £400k profit this year - with all four divisions making a profit - obviously that’s now been blown out the water with the cancellation of London.. if I was in DC shoes - I would sell 1-2 of the divisions and keep the 1-3 that can potentially make decent profits - at some point in the future - not sure if a CLN type debt funding is an option but surely we will get an update soon? Until then I will not post again as there’s no point (for me)..
I haven’t posted because I have been literally y speechless with this weeks events - let’s just say my eyes are wide open now. lessons to learn? 1) stick to one night until event is established 2) check no other concerts are planned the same weekend 3) move to August - there’s more people in London ie students/visitors 4) get acts confirmed earlier 5) promotion for those who buy the tickets early 6) were the tickets too expensive? If so - have a section of the venue for cheaper tickets 7) maybe avoid the O2 and use a football stadium instead - or Hyde Park . Btw would the company have any cancellation insurance? DC should loan any shortfall since he arranges the expensive loan. Also I won’t be attacking any one who posts negative comments in future as they were right re this event - apologies
Surprised that there has been no trades or market reaction to the good trading update - somehow I think the reaction would have been different for a profits warning!!
So some posters were not happy that no gesture to Frankfurt fans has been given - and some posters are unhappy that a gesture has been made! The company (SBS) can’t win either way.
As I see it - this gesture was posted on the LUX Frankfurt ticket page - applied to current ticket holders - and is time limited to tomorrow - so we are probably talking about a few thousand fans and probably only a handful will take up the offer. I thought ticket prices had already increased since the launch so this discount is probably already factored in. Plus this is likely to be a one off due to ending the FLEX arrangement. I more interested in when we will get an update on sponsorship/streaming - as well as the accounts!
Fair enough and I totally agree lack of an update on the accounts is bad to say the least - although I personally think they will drop sooner rather than later - this month - and I also acknowledge the share price was suspended at 2.05p due to dire market sentiment. As for selling up - we all want a higher share price - but unless shareholders are more positive (than negative) on the BB - it will be far harder to make the share price move up - when ever relisting comes..
Which company is probably valued on the stock market? There will be some shares way overvalued on fundamentals and ditto some values potentially way undervalued - as for LVCG the share price is 2.05p and the broker has a forward value of 11p. I personally think the “true” value is somewhere near the middle of this range excluding future share issues (negative) or additional KPOP / LBE events (positive). The company survived the pandemic so again I personally don’t see the balanced argument point as I feel the company risk of going bust is less than 20% (over the next few years) excluding the point made that we might not have the true picture. Btw I suggest revisiting the last presentation webcast - DC said the company (organisation/structure) would be far different by October… on relisting I will be adding and at the risk of repeating myself - if you overall concern is cash flow or whether the company has a future - surely you will be bailing out!?