Member Info for MB10

Monecor holding has gone up by 522,028 shares. My understanding is that this is the sum total of what their clients hold as they are an execution only broker.

Sorry - it’s in Korea not China

https://www.dailian.co.kr/news/view/1125041/?sc=Naver

July and August event.

Interesting piece in the Sunday Times about NFTs. Fairly balanced and concludes that the NFT market is moving from “avatar NTFs” to artwork. Irrespective of what the NFT is worth, the marketplace selling the NFT gets a cut when it’s sold, and if it’s sold multiple times, they get multiple revenue.

Some quotes below

https://www.thetimes.co.uk/article/i-borrowed-9k-from-mum-to-buy-an-nft-monkey-cartoon-now-i-have-124k-h9vcvn9ms?shareToken=cc6f2495bf06d4a3acdd61b1a4c3b298

Rowe said he wasn’t just in it for the money, but was attracted to the sense of community: owners of Bored Ape Yacht Club NFTs get access to exclusive events.

Social media platforms such as Twitter, Instagram and Facebook are looking into ways for users to display their NFTs. At the moment it’s not always possible to tell if a user actually owns the NFT they are using as their profile picture or not. Advocates argue that this is no different from being a modern art collector who displays the work they own in a gallery. You own it, but everyone else can see it. What matters for the art world is that with an NFT there is no doubt about a work’s provenance — on the blockchain you can see a whole list of previous owners and trace its sales history. Artists can programme certain benefits or conditions into their NFT artworks. For example, they can claim royalties from a work every time it is sold on to a new owner.

Despite a crash in the cryptomarket, the momentum behind NFT investing has continued. So far this year, investors have spent $42.7 billion dollars on NFTs.

“NFTs are not dead but may be going through a shuffling of sorts. When market sentiment picks up, we may see the collections that recover strongest are those that are more than simple avatar pictures.”

He views NFTs as an extension of the traditional art market and so is confident that buying artwork with the help of a gallery will allow him to multiply his wealth. “If you get involved in the world of crypto and decide to invest quite heavily, as I did, you have to accept that it is extremely volatile and hard to predict,” he said. “If you choose carefully and choose artworks or NFTs based on rarity, they can only go one way.”

https://www.iol.co.za/weekend-argus/news/heres-what-to-expect-from-formula-e-in-2023-38a864cb-c9f4-4f42-8bf2-37b1682a4fac

More details of what to expect when FE comes to Cape Town.

Agree RS, it lacks transparency. I’d like to see the independent valuation too and I personally don’t see why it cannot be shared with shareholders, after all if there is an IPO or an RTO then a full prospectus has to be published. My only comfort that we are not being sold a truckload of snake oil is that Sarah has been over the valuation and she is pretty independent. I’ve also been assured that revenue from the KPOP fests (E.g. the merchandising) are not being diverted through the stArt books. Hopefully the upcoming brokers note will provide a bit more detail at divisional level?

https://twitter.com/cirodesiena/status/1553057009158819848?s=21&t=1ruKst0_2oSw7gwlV1tCOw

Big lock-up into the first corner!

All this action is set to come to Cape Town in Feb 2023

Tickets aren't on sale yet but you can register here to be the first to know:

capetowneprix.com

@capetowneprix
#CapeTownEPrix

As to timing I can only speculate, but perhaps the best way that DC can benefit is by having stArt inside the overall lvcg wrapper, but doing that after the game changing news might not have been possible?

It could also be that he really is on a mission to repair his reputation with shareholders (and let’s face it, bringing KPOP into the fold last year resulted in many angry posts and aqusations at the time, but which has turned out to be a fairly smart move) and if it really is game changing news then DC will go from “zero to hero” pretty quickly.

Alternatively of course it may be that we’ve been sold a big slobbering pup, and DC’s reputation of being a greedy narcissist will have been cemented.

Which ever it is, the constant is that DC will benefit, but some outcomes will see him (and hopefully us) really benefit. As they say, there’s no “i” in team but there is a “u” in C***

Miton had a redemption order in, so reduced holdings across all their position in early July. This TR1 reflects that, but the placing shares are not admitted until early next week, so I would expect a further TR1 showing an increased position.

https://twitter.com/lvcgplc/status/1546511801340272647?s=21&t=mOMVH94xMeao2rS4L0vOYQ

JS, good points and I think it’s hard to find a direct comparison. But the biggest NFT market place is Open sea which has a market cap of $13 billion. There are others. The important thing seems to be having an exclusive platform to host, and a platform to be able to sell/trade NFTs as well as having access to those with cryptocurrencies to spend. Scale and desirability seems to matter in this area.

100% agree your point on sentiment. IMO DC is currently failing to persuade shareholders that he is aligned, but if it turns out that sh itArt is not so sh it as we think then sentiment could change very rapidly.

https://coinmarketcap.com/alexandria/article/opensea-now-has-a-valuation-of-13-3-billion

https://www.fool.com/the-ascent/cryptocurrency/nft-marketplaces/

The independent valuation is reported as being “in excess” of the consideration that is being paid, which was £5 million at the time. That consideration was reduced to £4 million before the vote as a result of shareholder disquiet.

We still know little about why this is a good deal for LVCG, but we do know that the EBIT targets for 2022 is £488,000 and for 2023 is £1,482,000. What we don’t know is how much of the overheads of StartArt will end up on LVCG books, although you will be able to track that through the accounts eventually, but It looks a fairly lean organisation and I personally can’t see much coming onto the lvcg central overhead as a result.

If those targets are met this year then that’s only a P/E of 8.1 for adding a profitable revenue stream, so it’s not a bad deal in the round, the main beef that shareholders have is why now and understanding the value.

The fact that LVCG now has 100% of a division that is independently valued at more than £5 million, yet the sum of the parts has a market cap of just over £6 million is just nonsense however you look at it.

Well that presentation went down well! I don’t think DC managed to get across the benefits of StartArt for shareholders, and the rest of the presentation was a bit disappointing IMO. Not all bad though. Confirmation that they had a new independent valuation by a top 5 accountancy firm for StartArt, so it makes a mockery of the £6 million market cap for the whole company. Like it or not, lvcg own 100% of that now, so hopefully the benefits will become clearer, as well as the benefits of their new commercial model for being in the digital platform (with over 350 artists already that might be quite a good dependable income stream).

Also they have clearly taken account of the feedback from the KPOP fans and will have have more time allocated to the main acts as well as better warm up activities. Seems that they are on the sponsorship trail, which will be a good package if they are selling that advertising/sponsorship across multiple festivals. I personally think the revenues from that could be very significant. Another KPOP this year (and I didn’t hear that it would be September before we hear about that) and a further 6 ( on top of the 2 in the bag) interested parties already another 4 parties very interested, and importantly intending to space the festivals around the year for better cashflow.

Its a valid point KNIGEL and with the benefit of hindsight perhaps I should have. But I do have a very busy day job too, and I don’t always have the bandwidth to be able to do everything I’d like. Hopefully we will all press the Board for more information and details about the aquisition and also about the new Asian investor. I am also pressing for a change in the composition of the Board as articulated in the Articles of Association article 20.9.

“David Ciclitira shall have the right to appoint two Directors to the Board of the Company (and to remove and replace the same), for so long as he and his connected persons hold or is interested in not less than 25 per cent of the Ordinary Shares of the Company in issue. For so long as David Ciclitira and his connected persons hold or is interested in between 15 per cent and 24.99 per cent of the Ordinary Shares of the Company in issue, he shall have the right to appoint one Director to the Board of the Company (and to remove and replace the same). In each case such appointment or removal shall, subject to the provisions below, be made by notice in writing signed by David Ciclitira. If at any time David Ciclitira's and his connected persons holding or interest in the Ordinary Shares of the Company shall fall to less than 25 per cent but remain at or above 15 per cent of the Ordinary Shares in issue then the last appointed Director shall be deemed to have ceased to be a Director immediately upon such holding or interest falling below 25 per cent. For the avoidance of doubt, David Ciclitira's two appointed directors at the date of the adoption of these articles are David and Serenella Ciclitira.“

Nothing sinister in me not posting. I wasn’t happy about the StartArt aquisition (and certainly didn’t participate in it) but rather than whinging on a public bulletin board I took action (with a few others) to influence the decision. That led to a reduction in the terms of the aquisition and less dilution in the longer term for shareholders. During that period I was given access to inside information and I strongly believe that you shouldn’t make any posts/comment during that time. Hopefully the Board will be able to explain why ****Art isn’t actually as **** as some are making it out to be.

Lol, wish I’d known about that as I’d have sold into the last rise.

Really? Claiming not to be asking for financial advice, yet if you bother to read your post that’s exactly what you were asking.

And nobody is taking you to task for offering a counter view, that’s what these boards are for. What you are being taken to task for is attacking people answering questions in a perfectly reasonable way, and just being an “angry argumentative man”. And using language like “plummeting” is just trolling in my book. Plenty stay silent having bought shares, but its not like you have been silent elsewhere, so you will have to excuse me if I have a great deal of difficultly believing anything you say. But looking at your posting history, it seems that you take an argumentative stance with everyone, so at least you are staying in character ;-)

I’m not here to give anyone financial advice, and if you are seeking that on an anonymous Bulliten board can I suggest you are probably looking in the wrong place. Plus If you think the world is headed into a meltdown, perhaps start stocking up on tinned foods ;-).

But for every analyst that gives a prediction of doom and gloom on oil there are others that give a positive outlook. Today Bloomberg (there’s plenty more) are saying they predict that the oil market is cooling off.

https://www.bloomberg.com/news/articles/2022-07-05/oil-price-boosting-gasoline-market-is-starting-to-cool-down

Oh and there’s plenty of people on these bulliten boards that claim to have a big holding in a company and are just “nervous” etc, but what I personally find difficult to believe is that someone can buy close to 1 m shares in an aim company (over 0.5%) and not say a single thing about the purchase (like that poster WW last year that apparently had millions of shares).

Plenty of articles that are anticipating music festivals to not just bounce back from the pandemic, but will surpass its pre pandemic level.

https://www.mintel.com/press-centre/leisure/rock-on-uk-music-concerts-and-festivals-sales-set-to-surpass-pre-covid-levels-in-2023

Following two years of pandemic-induced cancellations, Mintel forecasts UK sales of music festivals and concerts will bounce back during 2022 and that the value of the market will surpass its pre-COVID level in 2023. Sales are set to reach nearly £2.79 billion next year, up from £2.77 billion in 2019.

By 2026, Mintel estimates the market will reach a record high of more than £3.22 billion as the industry continues to cash in on pent-up consumer demand for live experiences that were off-limits during 2020 and 2021.

Despite 2021 being far from a normal year in the music festival calendar, overall participation in attending festivals recovered to around 80% of its pre-pandemic level as just over a fifth (21%) of UK consumers attended a music festival in the year to March 2022, compared to 26% in the 12 months to May 2019. Nearly half (49%) of 16-24s attended a music festival in the 12 months to March 2022, meaning overall participation among this age group has recovered to its pre-pandemic level (49%).

Oh and can anyone remind me how many people turned up at the recent Glastonbury festival? Over 200,000. So claiming that the pent up demand isn’t there is total nonsense. Can’t wait until the financial guidance is published here, although no doubt the trolls will find something to complain about that too.

You asked a question and I gave my reply, including giving an article that was around the last recession clearly showing that festivals were recession proof. Yet you launch off in an “angry man” tirade. Honesty, if you don’t like lvcg then don’t buy any, but don’t bring your trolling agenda on this board.