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£120,000 was earmarked in cash for this, and today that is now available to be allocated elsewhere, so the company now have £120,000 more cash than they did at the start of the day.

A Directors purchase of £120,000 of shares anywhere is a big buy signal, even more so in the case of Ranjit. I just wish for a change that a Director bought on the open market as there’s no way you would get that many for 3p, there’s just not the free float available.

Not much I can add to what’s already been said. Can’t say I’m impressed with Ranjit’s behaviour.

On the con side, it’s more dilution for our share of future profit/sale. We do know from earlier in the year that Ranjit was a real pain when it came to his salary shares and also the StartArt consideration so it’s no surprise he wanted as many shares as he could get his hands on.

On the pro side, he can’t offload them and unlike a placing or warrant exercise there’s no more shares in the hands of the market makers. There’s also £120k more cash in the kitty making the company £420,000 better off in just a week. Plus we know that Ranjit wouldn’t take shares unless he knew there was a big upside for him.

Like earlier in the year, there’s the buy signal right there IMO.

Suspect he’s on a temporary ban (3 days normally)?

Food and wine festivals going ahead (despite some predicting they would never happen) Will all add to the profits at LCSE .

https://twitter.com/lvcgplc/status/1580126584866222085?s=61&t=7vzR9Tm7nx-kgzyK8uHJzQ
Make sure you purchase your Pick n Pay Picnic Bag in time for the Pick n Pay Wine & Food Festival Johannesburg, taking place on Saturday 22 & Sunday 23 October @picknpaywineandfoodfestival instagram.com/p/Cjk-f55Ml0o/… #LVCG #LCSE #winefestival #Johannesburg

Frankfurt actually had a PXEBITDA of £166,000 in the interims. That division made a profit, clearly showing that the claim that “DC only runs a series of loss making subsidiaries” is a false assertion.

And clearly StartArt is yet to be covered by the historic accounts, but you cannot say there is no data as a clear EBIT target of circa £500,000 for 2022 has appeared in an RNS. Costs for StartArt Korea were covered by the sponsor, same with London, so I spect that’s on track.

I’m not picking and choosing, and at no stage have I implied that lvcg did not make a loss (although I would point out that their loss last year was a lot less than their losses the year before, plus the loss in 2022 H1 is a lot less than the loss in 2021 H1).

I’m responding to the specific point (and false claim) that “DC only runs loss making subsidiaries”, and have shown clearly that LCSE, KPOP and StartArt are profitable and growing. That’s 3 of the 4 divisions and bricklive is recovering. The first step to overall profitability is making a profit at divisional level is it not?

From the audited final year results, LCSE made a profit in 2021. (Interims are unaudited)

KPOP made a profit.

StartArt is forecast to make a profit this year.

That’s 3 out of 4 divisions.

And the timing of DC leaving sky, some 3 years AFTER it was sold to Murdoch dosen’t quite match up to the narrative you are trying to spin.

“He was one of the original shareholders of Satellite Television plc ('SATV'), renamed SKY following the (1983) sale to Rupert Murdoch's News Corporation. David continued running SKY and was responsible for establishing SKY's production company and for the first VPL and Pan-European PRS agreements, as well as the conception of Eurosport and the first ever World Music Video Awards. In late 1986 he left SKY to found Parallel Media Group ('PMG') in 1987.”

3 of the 4 divisions of lvcg are already profit making, so you have actually posted false information.

And far from your tecit acknowledgement that “covid was a factor” the covid pandemic has devastated live entertainment companies for the last 3 years. Plenty have gone to the wall in that period, yet LVCG not only survived but has considerably grown and has even more potential than 4 years ago.

I get the hatred of the Chairman, but there’s no denying that his own fortunes rest on the lvcg share price growing and then selling it either as a whole or in part. No doubt you will come back with the “I’ve heard he going to sell the company” before, but he could hardly have sold it during the height of covid could he. He needs to build the company back up to do that, and there’s no doubt he is doing exactly that.

I would challenge the assertion of an “endless string of loss making subsidiaries”.

In defence of the investment case, even DC cannot be blamed for the covid pandemic over the last 3 years. It’s hit the business hard, but it is turning around and there’s no reason why that division cannot get back into profit (which is where it was headed before covid and with a 43% further reduction in operating costs it’s got an even better chance of doing that)

But Lvcg is considerably bigger than it was. The LCSE division is already making a profit and that’s before formula e, the efest activities and the Volvo ocean race kick in next year. Plus the expansion of efest to other host cities is a clear growth path.

The independently valued target for Start art is circa £500k EBIT this year and then circa £1.5m EBIT next year, so it’s planned to be in profit and growing, and that’s before we see anything in the digital/NFT space, which I wonder could be the magic bean.

And KPOP made a profit in its first festival. And that’s before sponsorship and streaming get going. That’s a scaleable model too, with 3 more in the bag, and plans for up to 8 next year.

So that’s 3 of the 4 subsidiaries that are already profit making, in big areas of growth, with clear scaleable plans.

Add to that that DC did build up and sell sky TV, so he has proven he can build value. Plus with a minuscule market cap of just £6 million it’s not like the market is overvaluing any part of the business is it? Indeed the whole business is priced like it’s going to fail. Seems to me that the business really is on the cusp of actually delivering something.

I’m sure that KNIGEL will point out (indeed he already has this evening) that it’s not exclusively lvcg that is at the lows, it’s the same everywhere. Suggesting that every drop is a sign that there is “something wrong” is not true IMO, especially when you look at the clear manipulation of the share price yesterday and the rumour started that a placing was coming, which was 100% false of course.

There’s actually not that much free float at the moment and the market makers don’t have much stock either; the share price movement reflects that, so it’s not going to take much to move the share price significantly. There’s a very serious disconnect between price and value, which has been recognised by Jason Lee taking 5,000,000 shares at 4p just on Friday, yet some PIs are selling for 35% less yesterday.

“Jason Lee, an experienced event and media senior director who has been at the forefront of K-POP's global expansion and digital transformation, and supported by a strong team of creatives and business development professionals.”

Firstly it’s not hype, it’s called research.

Secondly, we’ve had the whole “DC’s taking it private” nonsense before. It was nonsense then and IMO it’s nonsense now. Not only that, he would need a special resolution passed to do that, and with more than 30% of shares in the hands of ETX, Premier Miton and strategic investors such a move would be dead in the water before it even started.

Might be worth doing some research into Jason Lee. DC has made a big thing about this strategic investor. Wonder why?

Was Jason Lee the Asian investor that also took 6,000,000 broker option shares in July? If so TR1 inbound on admission, and that would be a very serious investment in the company. Wonder why?

“Live Company Group plc (AIM: LVCG) (the "Company") announces that, further to the announcement made on 8 July 2022, the Broker Option, a facility to allow participation in the Placement on similar terms to the Placing announced has been closed with subscribers including existing shareholders and a new Asian investor.”

Some numbers from last year in this link. Over 15,000 visitors. The tickets are £18.75 each, with the VIP showings considerably more, so that’s over £275,000 from ticket sales alone. I understand the sponsors are covering costs so those EBIT targets for the year ending 31 December 2022 exceeding £488,000 and for the year ended 31 December 2023 exceeding £1,482,000 seem pretty achievable.

The entire company has a market cap not much more than the independent valuation of StartArt that was done in the summer.

https://i-m-magazine.com/starting/
Since its founding in 2014 by David and Serenella Ciclitira, StART has helped to springboard the careers of many artists from around the globe. In 2021, over 15,000 people came to explore its showcase of more than 70 emerging and established artists, hailing from 25 countries including South Africa, Ecuador, Portugal, Colombia, India, Austria, Korea, Thailand, and Ireland, providing collectors and art enthusiasts alike with the opportunity to discover the most exciting works from global markets. To complement the fair, 2021 saw the launch of a new art e-commerce platform StART.art, as well as a series of pop-up selling exhibitions called StART+. The inaugural StART+ opened in Knightsbridge in November last year, followed by Cape Town in March 2022. The first StART art fair Seoul opened last month at the Litenum, in the fashionable Sung Dong Gu district.

Details of the African Green Economy Summit being run in the lead up to the formula e event in Cape Town

https://thegreentimes.co.za/sa-needs-to-adapt-to-a-green-economy/?utm_source=rss&utm_medium=rss&utm_campaign=sa-needs-to-adapt-to-a-green-economy

Africa’s Green Economy Summit will host finance and investor professionals from across the globe in a meeting place with the intention of connecting capital to projects” says David Ashdown, CEO of VUKA Group, organisers of the summit.

“A global event like the Formula E being held in Africa for the first time will create legacy impact projects that will shape the future of our continent,” Ashdown explains.

“Meeting during the week before race weekend, global delegates will contribute towards two days of deep dialogue around the green economy, a day of exciting social activities around the Western Cape and concluding in race weekend in the heart of Cape Town under the majestic Table Mountain.”

He adds: “VUKA Group is very proud to partner with the local organiser of the Cape Town E-Prix to contribute to the programme of events that are designed to create change across the continent.”

Shipping container costs are higher than 5 years ago, but they have come down very significantly this year (plus dropped 8% this week).

https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry

Not sure I know exactly tbh. I personally read that as contributing to the 43% reduction in operating costs for bricklive as there will have been costs for reducing the staff levels. That of course means that bricklive will reach breakeven faster.

You are missing the point I was making. The interims shows the cash position at the end of june and the point I was making is they have raised twice since then, including £300,000 on Friday, which has all added to the cash balance.

Yes there is that statement in the interims, but the Chairman said he had a plan to address this, and on Friday he enacted that plan did he not?

Jimmy_stock points out your nonsense too tintin. There are clear warnings in this site from the FCA for posting false/misleading information.

The company are not only £300,000 better off from Fridays transaction ((£100,000 licence fee plus £200,000 in shares at 4p locked in for 12 months) added to that they have the cash (£480,000) raised back in July.

I understand that the company are not speaking to you nor are you “inside” and if you were, posting information not available to others is market abuse and a criminal offence. So either way you are committing a criminal offence. Wouldn’t like to be you when the company come after you for shareprice manipulation.

If there is anyone who thinks you have a”hot line” to the board please give drop me a line as I’ve got a bridge you might be interested in ;-)

Clear manipulation by spreading rumours of a placing, which is total nonsense as they raised £300k at a premium of 4p only on Friday.