A reminder that tonight’s Webinar, sponsored by PrimaryBid, features Zephyr Energy (ZPHR), Power Metal Resources (POW) Scirocco Energy (SCIR) and SpectrumX. Sign up here.
Reported that more than 85% of the 20,000 entries @£30 a head were filled last month. Nice £500,000 in entry fees, with the costs covered by the sponsor pick and pay.
Interesting that Formula E has more than just the automotive industry interested in the technology. Bodes well for a company looking to run an efest about all forms of e transport attached to the Cape Town formula e race, especially if that concept is adopted at all host cities.
In a recent article about the Canada based vision marine technologies new e-motion 180E reportedly the worlds most powerful electric outboard.
“We’ve got heavy duty involvement with the guys who were spearheading the Formula E race, so a lot of [our technology] is adaptable from out own experience and trying to reinvent the mouse trap and add the correct components to it” says Truesdale. In line with this racing heritage, he is currently designing a GL fast catamaran for Vision Marine that aims to break the electric boat speed record.”
Good news for events companies as the covid winter plan is due to be published next week.
“On Wednesday Boris Johnson will publish the Covid Winter Plan, detailing contingency proposals to limit the spread of coronavirus without resorting to lockdown or other restrictions.”
“The PM is determined to avoid closing schools or further damaging the hospitality sector”
“This is about living with covid”
“SAGE has drawn up options to limit the spread of coronavirus, stopping short of full scale lockdowns. They include ordering face coverings to be worn in public places once more and reintroducing guidance advising people to work form home if possible.”
Offices will close again if Covid cases surge this winter
Ian Banner talking about formula e coming to Cape Town
Here is someone that subscribes to a more positive view of the potential
#lvcg this looks at silly prices down here! This is an international business with global revenue streams & with no more lockdowns & more vaccinations worldwide I can see #lvcg really going up big time as the market realises how cheap these are now
Look at the chart below ?? ??
If the market cap was tens of millions there might be a point about people selling, but its not. The mcap is only £6 million and its not like this is a non revenue generating share, or indeed one that does not have singinficant potential. All those clues are there in black and white for anyone to see, and have some provenance if you do some reserach, particularly for the new business which had added significant potential. Patience is required IMO for the value to out. How many times are there posters on AIM shares that have traded sideways for months with people selling in frustration just before a big rise? Yet again there seems to have been a sizeable seller on here, but I would say that todays trades indicate that particular overhang has cleared.
Interesting to note that LVCG have had more in revenue already from the LCSE new businesses than it paid DC in consideration, and that consideration was down at 10p a share, so effectively now had at least twice as much revenue. And that’s without pointing to the opportunity of the efest, concerts, and the formula E 10 year contract.
I find it kind of strange that you haven’t mentioned a single thing about any of the new businesses or indeed the game changing (IMO) news of landing the 10 year deal for formula E. Take the cycling, they have already received circa £0.5m in entry fees for the October event (costs of which are covered by the sponsor pick and pay) with entries to the event next March opening up in November. Can’t find any comment about the existing bricklive business either in terms of the contracts old and new that have been let, more than £2 million announced if you do the sums based on the previous research notes. It seems that old customers are convinced by the product (else why would they come back again and again) and new customers like Singapore Zoo or Capron Zoo seem convinced too. As to the share price stalling, I’m afraid I don’t have any ability to control the share price, but if I have actually given my view on why this is stalling. Its the publication of numbers and of a forward financial guidance that should ignite the share price, which clearly hasn’t reflected all the positive news that has been announced this summer. There is some big news still to land here IMO, at some point the market will realise that its undervalued and hopefully a correction will take place. You either believe that or you don’t.
Lvcg will make revenue from a management fee and exclusive sponsorship.
“The Company reminds investors that this is a multi-year contract (5 years plus option for another five years) and through its ownership of E-Movement Holdings Limited is entitled to a management fee for the staging of the race as well as having the exclusive sponsorship rights. “
This link shows that formula e makes a significant part of its €200 million in revenues from sponsorship and also gives 5 untapped markets for the future. The Cape Town sponsorship could be very significant for the company. That’s why they said “ is thought that the potential revenue and profile uplift the Formula E race brings to the company will be significant.”
It’s fair to say that Formula E has experienced some serious growth, especially among younger generations. Even though the sport’s fanbase is getting older, 72% of its followers on social media channels are under 35 years old, and the numbers having grown by 212% in the 2018/2019 season. Meanwhile, Formula E has announced record revenues from its preliminary numbers for 2018/19, stating revenue of over €200 million, an increase of 50%.
After years of losses, it seems the sport is finally experiencing good times and sponsorship has accounted for a significant part of the revenue, as companies start to look towards the future. Below is a consideration of five potential markets the sport could explore for sponsorship and drive growth even further.
More progress with a wew section of the website developed for the travel partner - clearly gearing up to go live on the booking front fairly soon - looks quite a good team and seem to have already got deals in place with hotels/transport etc.
Worth noting that the golf tournament is in partnership with Supersport - who are the biggest provider of pay TV sports across Africa - their parent company multichoice group Ltd is a £2.5 billion mcap company. Remember that e-movement which is 100% owned by LVCG have 100% of the TV rights.
Worth noting that the Chairman subscribed for £250,000 in shares at 65p in that fundraising that was to accelerate the Zoo touring business. Also worth noting that they raised finance at 65p in Oct 2018 to purchase Brightbricks for circa £9 million in cash and shares, so they own the whole outfit outright with all the IP. They also have significant multi year contracts with the biggest and most widely watched children’s characters in the world, which took time and effort to negotiate. The bricks in stock are still worth over £5 million and that’s not counting the circa 1000 individual models that have been built. Yet the mcap is only £6.5m. And since then they have added the LCSE division and the StartArt investment. Yes the company has been hit hard by the covid pandemic, but its not like business completely stopped (still over £1.9m in revenue in the worst year of the pandemic) and the last few months has shown that they are getting back to business in bricklive touring and also making serious progress on LCSE contracts (cycling, formula e and efest). AIM shares always undershoot to the upside and the downside, but IMO this is chronically undervalued. Once some figures are published I hope that the market finally realises this too.
It’s still unloved and people haven’t realised that there’s been a massive turnaround. Needs some numbers to back up the statements that have been made and restoring the financial guidance will help too. There was a big seller in the market but last week saw the end of that IMO with that 130,000 trade on Thursday at 4.25. None of the good news of contracts, formula E or recovery from covid has been reflected in the price so far IMO.
Getting ready for ticket sales for Feb 2022.
New website for formula eprix up. Note that they have two host broadcasters already, Supersport and SACS.
SuperSport is a South Africa-based Pan-Africa group of television channels carried on the DStv satellite terrestrial platforms. It provides sports content in South Africa, Nigeria and many other African countries and is a broadcast partner of the Cape Town E-Prix.
The South African Broadcasting Corporation is the public broadcaster in South Africa and provides 19 radio stations as well as six television broadcasts to the public.
This new partnership has brought the intense and unpredictable all-electric racing hit local free-to-air TV screens for the first time when the new season of the FIA Formula E Monaco e-Prix is broadcast on SABC from this coming weekend. Fans will be able to watch all the live thrills of the Cape Town E-Prix across the SABC channels.
Brickosaurs started in Blackburn bid today. They are a repeat customer.
I understand that the costs of the cycling event are picked up by their partner pick and pay. They already have all the timing equipment etc, and they get volunteer marshalls, so the costs for the cycling should be quite low. Clearly need confirmation of that in figures which won’t be until next year, but might get some visibility when financial guidance is restored.
8 weeks to the Cape Town cycle tour. Even at reduced capacity LCSE took £0.5m in entry fees. Mar 22 event entries (hopefully at full capacity) should open in Nov and would bring in £1m in entry fees.
It’s a small contract, probably about £20k, but shows that the demand is still there from old and new customers. It’s also revenue during the winter months which is good. And worth pointing out that while small, that single contract is worth more than the entire annual revenue of CTEA