2023 forward valuation10 Dec 2022 19:13
It’s hilarious that one poster can dismiss the target share price of another holder because he hasn’t done any workings and offer his own target share price with no workings. #Hypocrite
Worth remembering that all the contracts being out in place are recurring ones, so 2023 isn’t going to be a one off, plus it’s lvcg that own all the commercial rights and branding. My own relatively conservative predictions are:
Bricklive to breakeven, if not turn a profit. Staff costs have been massively reduced and all the touring sets are already paid for, plus live events are getting going again.
Each KPOP festival to make more than £500k profit for LVCG (based on getting a better share of the pie and having more time for advertising because they are likely to release the line up all at the same time, plus with SBS onboard they will get some big headline acts to draw in the KPOP loons), plus minimum of £1m in sponsorship (total) (the investor presentation actually hints at considerably more sponsorship). Based on 7 festivals that’s £4.5m profit. Adjust for more or less festivals, sponsorship and streaming.
StartArt to make £1.5m profit.
Formula E to make £1 m in profit from the 10% from partners revenue, plus a share in the ticket revenue. More to come from the efest, Volvo ocean race, the golf tournament, sustainability conference and concert.
Then you have to cover central operating costs, say £1.5m. So conservatively more than £5m profit for next year. That’s a share price of more than 20p based on a relatively low P/E of 10.
And that’s before we understand exactly why Jason Lee has been brought into the company and invested £1.5 million.