Member Info for MB10

Looks like they are gearing up to announce the full act line up for Frankfurt soon and then start selling individual day tickets. The message below confirms that there will be different line ups on each day. I know that some have been badgering the company about this; that seems to have had an effect to get them moving.

https://twitter.com/k_flex_/status/1613225320005439514?s=61&t=FRRR-wTpPmUxc7J9roeTCw We understand your frustration and want to let you know that individual day tickets will be available to purchase as soon as we have announced the full lineups. ?
#kflexfrankfurt #kflexfrankfurt2023 #kpop #Frankfurt

The average ticket price is much higher, I would say closer to £100 (2000 rand). The hospitality packages and hotel packages are much more too.

https://www.capetowneprix-travel.co.za/downloads/SupporterPackages_FormulaE_CPT_Feb2023.pdf

There are 23,000 grandstand seats and expected crowds of 30,000 plus.

If you go back to the proactive interview with Bruce Parker Forsyth in June last year they make money from the management fee, 10% of revenue from all partners (expected revenue was over £8 million, which must include the tickets IMO as well as the hotel and hospitality packages) as well as a % of any sponsorship. LVCG has low capital costs exposure, and with the cycling event covering the bulk of operating costs of that division, this looks to be circa £1.2m profit a year for that division for the next 10 years just from the Formula E. Clearly more to come from the other efest activities, the golf tournament and the concert.

But it would be much better if the company would put this out in a format that the market can recognise and digest. Hopefully at least some of that detail will be included in the long awaited but forthcoming analysts note. IMO anyone valuing LCSE with that 5+ 5 year recurring contract, all the commercial rights for sponsorship and all the other contracts for cycling and the ocean race would easily value it at more than the whole of LVCG.

Agree JS, they should get on and announce the whole line up for Frankfurt 23. With SBS involved they are guaranteeing “Minimum 2 x S Level and 5 x A level artists from an agreed upon list with the option of additional rookie artists” for each day.

Euston, no company would ever release the exact value of the contract as it would be commercial in confidence and depend on a whole variety of factors, including the size, duration and content of the rental. Neither would you want your potential and previous customers directly comparing prices. But we do know from the previous research notes and a little bit of cross checking with the results from the previous years that these medium size tours rent for circa £30,000 a month.

Thus, In the last week that’s between £250 and £300k of rental income announced for the bricklive division for this year.

Nice new zoo contract. That’s the 3rd contract in a week so Tina really is making a difference to sales. Nice to see her delivering in the intent to “focus on higher value tours and longer rental duration”.

Only 2500 tickets left for sale for Formula E.

https://topauto.co.za/features/65428/what-a-cape-town-formula-e-ticket-costs-and-how-many-are-left/

For those that follow TA, double bottom on the chart.

https://twitter.com/majestictradera/status/1611444285152587777?s=61&t=kD4H9m7F6wHNZNznVLeLkQ

https://www.investopedia.com/terms/d/doublebottom.asp

Zzzz. Uninvested troll filtered. I’ll take the filter off again and look back when the share price is a lot higher to highlight what a fantasy holding of 4.3% could have gained.

The 2023 Ocean race gets underway today with its first in port race. https://www.theoceanrace.com/

In 2017 the VOR attracted over 1.5 million visitors to the V&A waterfront.

https://blog.samsa.org.za/2017/11/28/volvo-ocean-race-a-major-contributor-to-south-africas-oceans-economy-va-waterfront/ The VoR he said, with a multi-million television audience worldwide, in addition to the more than 1.5-million people that throng the stop-over areas such as the V&A Waterfront

https://www.sailworldcruising.com/n/Cape-Town-ready-to-welcome-Volvo-Ocean-Race-finish-on-Friday/-159034?source=google.co.uk

https://www.iol.co.za/news/south-africa/western-cape/huge-crowds-put-wind-in-sails-of-volvo-face-off-1196584

Hats off to you again for such expert flipping and typing during such a long and lonely shift. I do wonder what you get out of the endless arguing? I mean you’ve already demonstrated with comments like “The bid & ask price is separate to the share price”, “the spread is the difference between the share price and the ask price.“ you haven’t got the faintest idea of the basic mechanics of shares. Maybe its https://twitter.com/classicbritcom/status/1611362891307048963?s=61&t=75SdXVh6Cw-8nElgrC4e0A

Meanwhile there’s overwhelming evidence that all aspects of crypto currencies, NFTs and their use is growing in Korea, even with the crash in value of crypto currencies in 2022. Even the most basic research on Korean exchanges shows that there’s still significant revenue with the downturn of the level of crypto. IMO the real value is in the trading of relatively low value NFTs; that’s a low friction scaleable model.

We already know that Jason Lee is working on the digital platform for StarArt and research shows that’s going to be set up in less than a month. Why is he investing £1.5 million in LVCG (at an average of more than 3p) ? His holding in lvcg will be at least as big as DCs. Personally I want to see more of what is being planned.

Even without the digital part of StartArt, lvcg is poised for a turn to profitability in 2023 with the very significant growth in activity in the 3 profitable divisions from Formula E, KPOP and StartArt physical. But there’s something going on with Jason Lee that’s clearly making anyone who talks to the management team extremely confident in the future.

https://www.statista.com/outlook/dmo/fintech/digital-assets/nft/south-korea

https://yle.fi/aihe/a/20-10003920

https://www.globenewswire.com/news-release/2023/01/05/2583417/0/en/South-Korea-NFT-Market-Intelligence-and-Future-Growth-Dynamics-Databook-2022-50-KPIs-on-NFT-Investments-by-Key-Assets-Currency-Sales-Channels-2019-2028.html

https://www.crowdfundinsider.com/2023/01/200515-nfts-fsn-chainlink-labs-to-accelerate-nft-adoption-in-south-korea/

https://www.koreatimes.co.kr/www/nation/2023/01/602_336556.html

https://www.businesswire.com/news/home/20221222005308/en/Asia-Pacific-NFT-Market-Intelligence-and-Future-Growth-Dynamics-Report-2022-50-KPIs-on-Investments-by-Key-Assets-Currency-Sales-Channels-2019-2028---ResearchAndMarkets.com

https://zerocap.com/crypto-trends-in-south-korea-metaverse-nfts-and-the-digital-new-deal/
Likewise, through enhancing their use of NFTs in architecting their digital economy, South Korea’s booming gaming market can be utilised effectively. Currently, the country has the fourth-largest gaming market. Online gaming has rooted itself in the Korean culture with over 50% of the country’s population reporting that gaming is their daily dose of entertainment. Already, NFT games are wildly popular in the country with one game, Wemade, which was released in 2021, reporting over 650,000 average monthly users! Clearly, strengthening their NFT tool to build an integrated, decentralised economy, is significant to the territory’s government.

Conclusion
Ultimately, as South Korea embraces the changes heralded by the dawn of the cryptocurrency revolution, the tools developed through funding and focusing on crypto, Web3, metaverse and NFTs, will be utilised in reaching their ambitions. Through South Korea’s enrichment of the four tools, its Digital New Deal will fulfil its purpose of catalysing the design of a digital economy, whereby Korea achieves its goal of metaverse market capitalization size. As the nation remains at the cutting edge of the space, continuing to adopt blockchain technology, its economy and citizens are in for quite a ride.

https://www.businesswire.com/news/home/20221201005650/en/South-Korea-NFT-Market-Intelligence-Report-2022-Market-is-Expected-to-Grow-by-47.3-to-Reach-938.6-Million-in-2022---Zero-Tax-on-Digital-Assets-has-Propelled-the-Adoption-of-NFTs---ResearchAndMarkets.com
The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 33.8% during 2022-2028. The NFT Spend Value in the country will increase from US$938.6 million in 2022 to reach US$4902.2 million by 2028.

South Korea has long been known as a trend-setter and leader in technological research. This is now getting translated into the blockchain realm as the non-fungible token (NFT) adoption grows exponentially in South Korea. The country has been ranked among the top 10 nations on Global Innovation Index by the World Intellectual Property Organization. Big tech firms such as LG and Samsung and gaming giant Krafton are driving innovation in the country.

These firms are now entering the growing NFT space by dropping new collectibles to customers. Moreover, these firms are also launching separate divisions of their firms that are dedicated to developing NFTs. Notably, there are several reasons behind these firms introducing NFTs to retail customers and the general public in South Korea. NFTs have found various use cases that quickly translate into growing popularity among South Koreans, from raising brand awareness to creating better customer engagement.

Among the reasons why the adoption of NFTs has surged significantly over the last two years in South Korea is that there is no tax on digital assets. The tax on cryptocurrencies has been put off until 2023, which is expected to be pushed back again by the new President-elect, Yoon Seok-yeol.

Moreover, while the Financial Services Commission (FSC) is working to implement new rules, none are currently in place for the NFT market. This has kept the market open for innovative marketplaces to emerge from cryptocurrency exchanges like Bithumb and Upbit and from gaming giants like Krafton looking to benefit from NFTs.

(Continued)

That’s a very big step up in activity for 2023 and a massive turnaround for the company. If it all goes as planned I would expect a minimum of £3m profit overall. Could be more with even more KPOP events, streaming and StartArt digital (could it even get to DC’s statement of “profits bigger than the £7m market cap”?). DC’s ambition was to target breakeven for 2022 and a big turnaround in 2023. The Itewan tragedy and resolving the IP issue has meant slightly slower progress and missing the 2022 target (but looks to have still made progress towards it), but the big turnaround for 2023 definitely looks possible.

It’s been frustrating waiting on the updated financial guidance, but I’m sure that they want to show a clear path to profitability for 2023 and growth beyond. It will have more credence if it’s got the KPOP festivals on contract and an understanding of the new breakdown that’s been negotiated. The operational update said there were in the advanced stage of at least 3 new KPOP festivals and the next day they announced Madrid, so I would expect more news next week. They also said “early Q1 23” for the analysts note so not too long to wait now (and anyone endlessly asking “are we nearly there yet” when that information has been clearly articulated is being deliberately disruptive IMO).

So what to expect for the 2022 financials? We know that bricklive is expected to outturn at the same as the previous year. Op costs have been reduced by a further 43% so a smaller loss, but should be close to breakeven as a division. With the new food and wine events, the formula E retainer and cycling event I expect LCSE to breakeven in line with the H1 results. But you have to then add the revenue from the KPOP division (Frankfurt)(in small profit plus staff recover costs) and also the StartArt revenue (in profit). With reduced central operating costs and looking at the H1 report, it’s therefore likely that the overall revenue will be more and the loss will be less than 2021. So while disappointing its not reached profitability in 2022, there should be a clear improvement in the metrics from 2021 as there was in the H1 results.

For 2023 Bricklive should outturn at least what it did in 2022 but could improve with all the live events gearing up and with Tina back on point doing better targeted marketing (and the two Netherlands Zoo contracts this week are an indication she is already having an impact). LCSE will have the Volvo ocean race, formula e (retainer and ticketing plus 10% of partner revenue), golf tournament, sustainability conference and the efest as well as the cycling, so even without sponsorship there should be a tidy profit. The KPOP division now has better metrics, lower costs and a minimum of 3 events planned (and indications of at least another 3), should return more than £2m to the group. Then there is StartArt, with Korea and London plus the 3 additional Korean events, taking them towards the forecast £1.5m EBIT for that division (and you can bet that DC and RM will be pretty motivated to hit that EBIT target) and that’s before any of the StartArt digital element (which I personally think will be very significant, but I’ll discount that for now). Central operating costs with a new CFO and CEO, but a couple kicked out (current CFO and BL), will probably be about the same (could be less if they shift some staff costs into the KPOP division).

https://www.youtube.com/watch?v=-vFYCMcg2WA

#sociopathsanonymous.

Seems there has been some very detailed analysts coverage before the guidance was withdrawn due to covid. I would expect a similar detailed level of coverage across what are now 4 separate and growing divisions. It would appear that anyone suggesting there hasn’t been a previous analysts coverage might be posting false information #awkward

Personally I’d be embarrassed to spend so much of my time trolling something I wasn’t invested in, but thats just me.

https://media.umbraco.io/live-company-group/ejalr04b/lvcg_initiation_05112020.pdf
https://media.umbraco.io/live-company-group/314bm2tb/lvcg-research-note-10-feb-2020.pdf
https://media.umbraco.io/live-company-group/cugbfxt3/lvcg-shard-research-1.pdf

Must be a slack shift with little flipping to interrupt the typing. Here’s a few songs to help while away the time ;-)
https://www.youtube.com/watch?v=VGjMUcuTKUU

Todays RNS confirms that the work DC was engaged on in Korea to deliver a better deal for shareholders (of which he has 24%) ,is coming to fruition, with the announcement of a new contract with SBS. That sets lvcg up with access to quality KPOP acts for the long term and also a minimal capital outlay structure and gives lvcg a bigger share of the pie. It’s also announces a new 52k seater stadium KPOP festival in Madrid in June, bringing the confirmed total for 2023 to 3 festivals, with even more in the pipeline to be announced and in negotiation. There’s been a concerted effort by some to distract from that news as it’s a bit inconvenient to the narrative they are trying to spin, but it’s a big step for the company IMO and is a big step towards DC actually delivering what he said he would do. Sure DC has a long way to go to rebuild trust, but he does seem to be trying and the new CFO does seem to be having an influence.

Get away with yourself, nobody is looking to silence anyone. More nonsense and accusations. What’s clear is that admin have taken action to remove libellous posts this morning. Endlessly posting to spam up the board and throw out other insinuations does not detract from that fact. Anyone reading can see you broke the posting rules and your posts were removed by admin. Take it like a man and stop whinging.