Member Info for MB10

Anyone who can actually read can see that you are 100% wrong.

Seems that your true character is there for everyone to see.

So B let’s remind you of the assertion you made. You said: “except it is always posted as an expectation and never caveated with the risks.”

I’ve shown direct evidence that is simply not true.

Your assertion was wrong.

Put up or shut up. Time to admit you were wrong and apologise.

There’s plenty of my posts highlighting the pros and cons, like this one

“Quick summary of the pros and cons of lvcg. Significant news on all fronts is expected in the short term, but particularly on KPOP concerts and the long awaited brokers note.

Pros

Covid recovery business

Now 4 x larger than pre covid and in 4 x growth areas.

Much less dilution than others over the years, plus the majority of that dilution has been targeted at growth.

Long term recurring contracts being secured (10 years for formula E and the KPOP festivals are annual recurring too)

IP deals secured with some of the biggest companies in the world (paw patrol).

Move to annual liscence fees (nearly £2m this year so far) yet also retaining explosive growth potential (sponsorship tv rights and live streaming).

Each division grossly undervalued, and the sum of the parts less than a realistic value for each division. (E.g bricklive has more than £6m in stock and was acquired for £9m in 2018).

Swing to a profit in 2023. “Profits bigger than the market cap” comment by the Chairman.

Removal of short term CLN facility and replaced by private placement (at a premium) with longe term holders with warrants that can’t be exercised unless the original shares held (no flippers).

Very low free float. Share price (and market cap) at near historic lows. Recent good news unrealised as it’s been sold into by RF and PM.

Cons

The DC factor (which to be fair accounts for almost all of the cons).

Short term cashflow issues

Over promising and under delivering (e.g. the brokers note)

Communications with investors has been poor (although it’s improving).

Financial guidance yet to be restored, so actual research is required.

Unloved. “

Not that I need to justify myself to you, but I’ve been very critical about their communications strategy (it’s awful), about their choice of short term funding back in February (it was really awful) and indeed about making it clear that these KPOP festivals while having a good upside if they sell out) also need to pass the breakeven. It’s all there in the back history.

But as they say, never let anything as trivial as the facts get in the way. Sorry if that’s all a little bit inconvenient, but if you attack me (which you do regularly and do it unprovoked) then you get back as good as you give.

I note that you have been pretty much universally negative but at least you are being consistently miserable ;-)

Sorry B - now I’m talking directly to you - you can say what you want on this anonymous BB, but what you can’t do is just make stuff up and use that to twist your arguments. You say that my posts are “never caveated with the risks.” Yet that simply isn’t true. I’ve made plenty of posts on here highlighting the pros and the cons of lvcg as an investment. Anyone reading the back history can easily see that for themselves. So please stop just making stuff up because it dosen’t suit your argument.

When I’m talking you you B you will know about it ;-) Until then the only person on the attack attack attack today is YOU.

Im guessing that if you make a totally unqualified accusation in writing like that then it’s libellous. Seems that admin agree ;-)

Thanks to JS for the inforon the accounts.

Break the posting rules and your post gets deleted, it’s not difficult to understand, and it looks pretty libellous to me Mr “I’m not ramping or deramping” ;-)

Nice spot bigcapitals. So all acts to be announced by 29 Aug latest.

My points on vast weren’t about vast, they were about showing up how hypocritical some posters are. I’ve seen that over the years with those trolling the company to complain about x y or z and yet either endorsing or saying nothing about exactly the same thing in other companies. This especially comes from the DC haters. Don’t get me wrong, I don’t like the guy either, we are certainly not besties, but compared to some Directors he’s not that bad, and he does have proper skin in the game, so the share price affects him just as much as it affects shareholders. Good luck in vast, you will need it, it’s a traders share. And for the record I don’t buy the “other shares are totally different” routine, ultimately all companies are about making a profit on the sums of capital being invested. Sure there are different sectors and different upsides and timeframes, but if there’s no route to making a profit then they are just charities. Plus I don’t buy the “free carry” guff either, thats just a psychological trick of telling yourself that your investment going down is perfectly ok, but the reality is you still have money risked on a share.

It’s totally pointless giving a detailed rebuttal. The only thing this exchange has proved yet again is your intent on trolling lvcg for your own agenda. Good luck to you simple, but please don’t comment again on anything I post.

And you would do well to take your own advice: “Surely you could put your time to better use than haunt the boards like some spectre they’re just to moan, groan and rattle your chains.”

There’s still a slot for it in February. I’ve seen Ian Banner talking about finalising the arrangements for next year and hoping to have this done next month so that slot can be confirmed in Oct. With all the infrastructure now built and the arrangements fully tested from last year and the demand clearly there from spectators there’s a lot less time required to set this up this year, plus I understand they plan to double the seating capacity. I understand too that a lot of sponsors approached IB during London so hopefully negotiating title sponsorship for next year as part of those arrangements.

“Race of the Year

The race of the year was the inaugural Cape Town E-Prix. Action, drama in the championship battle and high-class racing - the vote of the public and jury was clear here.”

https://e-formula.news/news/formula-e-news/formula-e-news-detail/e-formula-news-season-awards-2023-jake-dennis-mitch-evans-each-awarded-two-gold-medals-78322

Investing is ALL about trying to predict what is happening in the future. The broker has looked at this and taken a very conservative view of these festivals and concluded that this is worth 11p a share, more if sponsorship, merchandising and streaming do well. There is clear evidence that if they get the acts right then they can not only make a profit, but they can do very well from these festivals. Day 1 in Frankfurt SOLD OUT. Their mistake was to do a 2nd day where they lost control of the costs and only sold half the 2nd day. But even then it made a profit. The lux format is better structured as lvcg own 100% of the format. Madrid was profitable, even although they only sold 65% of tickets, and it’s clear the demand is there for the future. London is still 5 weeks away and more than 2/3rds of the acts still have to be announced. With their ticket prices breakeven is down near 50% capacity and If it sells out it will do extremely well.

But what’s really hilarious is if you take another share you are invested in (vast), YOU are basing your investment on predicting forward, at the same time as you are saying that nobody can predict forward on lvcg. You know what that makes you sound like? But let’s have a look at vast. £7.3m Debt owed to mercurial has been pushed off again and now matures on 29 Sep 23. This year alone they raised £2.382m on 6 Feb, (433m shares) £0.979m on 12 Apr (212m shares) and £1.7m share on 7 Jul (486 m shares) and there are now 3.4 billion shares in issue, but you also have to remember that’s after a 100:1 consolidation, so there are effectively over 340 billion shares in issue. After literally millions of pounds poured into that hole, the best they are promising is “operational breakeven” and a promise that the mine might be profitable in the long term (note they don’t say that the company will be profitable). In January they said that the mine would reach nameplate capacity in H1 23, yet by the summer they had pushed that off even further to Q3 23. Their most recent interims showed a half year loss of £6.779 million, and if you analyse their revenue statement it cost them twice as much to extract the ore than they make in revenue from selling it and also have to cover annual admin costs of nearly £8 million. Basically there’s zero hope that they will either reach profitability any time soon, or that they will generate enough revenue to service that £7.3 million debt that is due in September. All hope rests on them selling a packet of rough diamonds that’s apparently been in a Zimbabwean safe and is stuck in admin process and is not being released. Those diamonds (assuming that they actually exist) have to be recovered and sold, but you are also betting that something which has been stuck for over a decade will suddenly come good in the next month, and that they are actually worth something. Good luck with that, but can you guess what’s really coming to vast next ;-)

“Surely you could put your time to better use than haunt the boards like some spectre there just to moan, groan and rattle your chains.”

Seems like some good advice there ;-)

Honestly it’s really not that difficult to understand.

I was responding to LOD question about a making a £5m profit and what valuation you could expect from that. Using a P/E ratio of 10 would not be unreasonable in those circumstances to give a valuation of £50 million.

As to lvcg, the brokers note predicts that they will make a profit of £3.177 million in 2024. If they do make that, then it’s not unreasonable to apply a P/E ratio of 10 to get a valuation of £31 million or circa 11p, which happens to be the same target as the brokers target based on discounted cash flow.

That’s what the market should be doing p, looking forward to future results. Will they make that target, well that’s the question. But even after Madrid, the brokers kept the same target. Plus that target is a conservative one. If London sells out and Madrid sells out next year they will beat that target (and if London sells out this year they will beat this years target).

If you cannot understand that basic and fundamental concept of value investing, then you really should just give up. It’s tiresome reexplaining it every time ;-)

In case anyone says that LN only acquires portfolios, there are plenty of examples of them acquiring single festivals. E.g. LN bought a controlling stake in Bonnaroo festival in 2015. It’s a single event that attracts 80,000. They subsequently acquired it outright in 2020.

https://www.latimes.com/entertainment/envelope/cotown/la-et-ct-live-nation-buys-controlling-stake-in-bonnaroo-20150428-story.html

https://www.edmtunes.com/2020/02/live-nation-fully-acquires-bonnaroo-music-and-arts-festival/

*£50m wouldn’t be an unreasonable price

I can’t see anyone forking out as little as £50m for it ;-)

I recall the question by LOD was how much could you expect if they sold off a bit if the company that was generating a sustained £5m of profit every year. A sale price of £50m, ie. Base in a P/E ratio of just 10, would not be a reasonable price.

Once the organisation for these festivals gets slicker and the brand gets established along with contracts for the venue, streaming and merchandising etc, there’s no reason why the 4 multi year KPOP festivals wouldn’t be generating that level of profit. Even more if they turn Frankfurt into a KPOP lux format, plus you would have to factor in that the central operating costs of lvcg would not have to be factored in either.. Remember that these are all multi year agreements that have been negotiated.

Anyone can organise concert x*

*Please insert any concert of your choice.

Yet the history of acquisitions by live nation show that actually not just anybody can organise concert x.

https://tracxn.com/d/acquisitions/acquisitionsbyLive-Nation-Entertainment

https://www.livenationentertainment.com/2023/03/live-nation-announces-acquisition-of-majority-interest-in-clockenflap-festivals-and-clockenflap-presents-in-hong-kong/

https://www.musicbusinessworldwide.com/live-nation-has-made-13-acquisitions-in-the-past-13-months/

I guess that revalation is going to be a little bit awkward for some.