Member Info for MB10

There are loads of bricklive events like this one for Brickosaurs in Sheffield that have not been RNS’ed. Bricklive touring is clearly doing very well this year and as a division should be well in profit. The return of bricklive live events being led by bricklive in the park event over 10 days in the summer should also add significant revenue and thus profitability to that division.

https://www.sheffieldbricktropolis.com/

https://www.yourmoney.com/saving-banking/ive-gone-over-the-20000-annual-isa-limit-the-rules-to-follow-and-mistakes-to-avoid/#r3z-addoor

LCSE has been incorporated into LVCG so all part of the same company now, and the purpose of the company and area that it operates in hasn’t changed, so I believe that the losses could be offset against all future profits.

Worth noting that with the losses since start up there won’t be any tax on profits for a bit :-)

Its a good point. I was using profit in terms of the KPOP division as the costs there were very low (and indeed will be even lower for future events) so any revenue there goes straight to the bottom line. The overheads in the new LCSE division are more than covered by the management retainer for formula E. We know that during covid they cut admin costs by more than £1m and took a further 15% out of those recently, so if you go back to the interims and look at costs, I believe that they are should be well in profit this year with a good growth already for next year (2 KPOP festivals already i. The diary, well on the way to the 7/8 that the Chairman says he is targeting). That should translate to a good actual profit IMO. And agree with you that it would be good to see a dividend policy articulated to give shareholders a return as well as capital appreciation (that’s what will encourage a different type of shareholder and will keep people invested in the future).

Its being dropped by the muppets on extremely low volume. Anyone selling really does get mugged. Nothing has changed here, it’s in the middle of a massive turnaround, the only question IMO is how big. Yes it will be nice to see the figures from Frankfurt confirmed, but there’s no question that ticket sales were nit good and it dosen’t take much research to know that the profit coming to lvcg from that alone is circa £1.5m. We could see the same again with merchandising sales, and streaming, which is still in its infancy and will be live streaming at the same time as the festival next time, is but the cherry on top. Bricklive touring is also recovering nicely too and next year Formula E and the Volvo ocean race kick in. All recurring events.

Lego has been around for 90 years now and shows no sign of reducing popularity. Indeed the lockdowns only increased the interest. Marrying up zoos and plastic brick models has been a stroke of genius and is a win, win, win for zoos (whose footfall goes up), parents/children and of course lvcg (their existing 28 touring sets make an over 90% gross profit on the rentals). .

https://www.lego.com/en-gb/90-years-of-play

https://9to5toys.com/2022/06/18/lego-con-2022-reveals/

Just getting on with the rentals over the summer. At the presentation at the end of last year they revealed they already had 2,500 days of rentals booked for 2022 at an average of £1000 a day. Even more like KS added since then, so likely that the bricklive touring division is well past the breakeven point this year.

https://aboutmanchester.co.uk/endangered-species-bricklive-at-knowsley-safari-this-summer/

More nonsense. You’ve seen nothing that indicates there won’t be another 1 or 2 events this year. The lvcg team were clear that they were planning for this already. I’d rather believe them than listen to an obvious swing trader. And given that the only reason someone posts stuff like that on these public bulletin boards is to try and get their fellow investors to either sell out or not buy shares in the first place, I will note that’s a conscious choice you have made every single time you post (and a simple count of the posts today will clearly show how desperate you are to shaft fellow investors). Sure you can post what you like, nobody is stopping you (aside from admin who have deleted your libellous posts today) but everyone reading this will remember your motivation.

Exactly knigel. The tweets from the company post event were clear that the festival was a big success, and there is plenty of evidence that over 65,000 tickets were sold and from the pictures of the event it’s also clear that merchandising sales went well. It would be nice to get an update on the sales and streaming in due course, but I understand that the team are maxed out with all the interest it generated. The team worked hard post event to put the deal in place for next year quickly and also to land the O2 deal, two pieces of good news that clearly hasn’t been taken into account in the share price yet. Its also clear that bricklive is powering ahead this year too. Suggesting that no news = bad news is just nonsense. I’d rather they concentrated on delivery of more events than pandering to those trying to prise information out that’s not in the public domain (could it be that some who claim to have the “hotline” actually don’t?).

I see too that the construction of the formula E track commenced today ;-)

2nd series of Squidgame has been commissioned on Netflix. Interest in that cultural Korean wave being sustained.

https://twitter.com/netflix/status/1536015471429840896?s=21&t=5xKz-BYDLiPQS8R25KPUug

Agree with that sentiment. 2021 had 6 months of lockdown and also dosen’t include any of the new businesses (except a single scaled down cycling event). What matters is the forward projections.

In 2019 the loss was £2.185m of a revenue of £5.541m , and in 2020 it was £8.233m off a revenue of £1.857m although most of the loss in 2020 was driven by write downs in goodwill. I’m expecting revenue to be up a bit from 2020, admin costs to have reduced (they have made annualised cost savings of £1m recurring savings during covid). Anything less than £3m loss would be a good result for last year IMO.

While it’s not always a valid comparison to compare companies directly, investors do that every day, and it is valid to do it on a P/E basis IMO. I was looking at procook’s (PROC) 40% fall on Friday. Their trading update warned that they would make an adjusted PBT of between £4-6 million. Forward prospects also have significant headwinds. But even after that warning their market cap is still £50 million, putting them on a forward P/E of between 8.3 and 12.5 on an adjusted PBT basis.

Once the forward guidance comes out, if LVCG gets anywhere near the £5m actual profit that has been predicted for this year I don’t see how the market cap will stay at just £14 million, especially given the very significant growth prospects for 2023 with more than doubling the number of KPOP festivals to be held (and as we have seen with the O2 announcement the cut for LVCG is improving) and with formula E, the efest and the Volvo ocean racing event kicking in too.

Jakarta was a sell out. This bodes well for Cape Town in Feb 2023, which will be one of the iconic events on the FE calendar, in a country full of motor racing enthusiasts.

https://www.bignewsnetwork.com/news/272577279/feature-excitement-soars-at-jakarta-formula-e-race

Will be interesting to see how well bricklive is doing this year when they release a trading update. Supersize is one of the blockbuster sets.

https://www.zoonewengland.org/stone-zoo/exhibits/supersized-creatures/

Worth noting that a big slug of 10p warrants expire before the end of the month. I’m sure that some might argue (with all those round number sells) that there is deliberate manipulation of the share price to time expire those.

Another nearly 2 month rental at Armagh observatory. Clearly shows that business is picking up.

https://twitter.com/lvcgplc/status/1533699043926368256?s=21&t=9H4g6QIyyGCweTEciB-NXg
Brickosaurs, Armagh Observatory & Planetarium NI, 11th June – 31st July
The Brickosaurs will be arriving at #ArmaghPlanet where you will have an adventure on a Jurassic scale!
…bservatoryplanetarium.ticketsolve.com/shows/11736234…
#Brickosaurs #BRICKLIVE #LVCG

Post 2/2. The questions any investor should ask is if the company is in a growth area and can the company make a profit. Its clear that with the focus on electrification of cars and the green agenda that formula E is expanding considerably and having the rights to the race in Cape Town for 10 years will be a big draw for crowds and also sponsorship/TV rights etc. its also clear that KPOP is growing massively around the world. Have a look at the popularity of KPOP streaming in 2022, with Enhypen at the top with 268 million streams for their new album. The download and social media numbers are simply staggering, and it’s not difficult to work out how lvcg will make money from it. LVCG now have exclusive access to some of the biggest and growing KPOP acts and now have a proven concept that they can refine and take around the world. With 2 big events already in the bag for 2023 it’s clear that the demand and expansion plans are already playing out. Not only that, but we are also seeing that the structure of the deals are changing in favour of LVCG. Moving to having their own production company and live streaming the festival around the globe should be a big winner for investors.

Finally one of the other issues with just bricklive was that it was a very seasonal business, meaning a challenging cashflow. The company were trying to improve this with their global sunshine strategy and this worked to an extent, but the addition of KPOP and formula E mean that cash comes into the company all year round.

This is still early days for the new divisions, but if the earning and profit making promise plays out as expected, then the current £15m market cap will look very significantly undervalued. One institutional investor has already realised that and then a big stake in the business. Its not difficult to see why others might want to as well, especially if lvcg starts paying dividends. LVCG are growing in childrens learning and entertainment, electric raining and climate change as well as the fastest growing worldwide music genere which must be a good fit for anyone who wants an ethical investment. GLA. DYOR.

https://www.kpopstarz.com/articles/306171/20220424/most-streamed-kpop-albums-on-spotify-in-2022-dimension-answer-invu-more.htm

Post 1/2 This is an important month for LVCG investors. Hopefully the potential that has been promised sees the light of day with the publication of some financial forecasts, backed up by actual revenue.

Covid has been a tough gig for retail, hospitality and entertainment companies and investors have paid a heavy price as shares slumped to a low and the company verged on failure. But while many have gone to the wall, lvcg has emerged leaner and stronger. Before covid, bricklive was on a good growth trend, moving from an expanding base of bricklive events into new markets of bricklive touring of zoos and bids. The financial metrics for these new events were good on their own and the company was in the verge of getting through the “valley of death” that start ups go through, to making a good profit. Not only do they produce some amazing stuff of their own (e.g. dinosaurs) but they have partnerships with some of the biggest brands in childrens entertainment like pawpatrol. But 2 years of covid wrecked havoc with the finances. But this division is now back on track and with thousands of models already built and paid for, now has the potential to be the cash cow that was forecast.

Covid has also meant more shares in issue to keep the company afloat, but I would counter those claiming “endless dilution” with the fact that over the last 3 years the share count has gone from circa 100 million to circa 200 million if you include warrants. Compared to any high growth company on AIM and especially junior resource companies, that’s not that much dilution, and its worth pointing out that much of the dilution has also been for growth and expansion.

So as well as cutting back operating costs during the covid crisis, the company has now expanded into 2 other high growth sectors, of Formula E and KPOP. Its now more than 3 times bigger than before and with even more earning potential. Detractors will point to the failings at parallel media, and I would say to investors its worth looking at the challenges there because it’s clear that the company has learned the lessons from that era. For example the structure of the deals for formula E and KPOP have been done to minimise risk to investors, while maximising the upside. Big professional partners have been brought onboard to do the things they are good at (Live Nation, Messe Frankfurt, Doors etc) rather than little old lvcg trying to replicate those functions.

Nice article about the 3 night KPOP festival at the O2 in 2023.

https://supatainment.com/kpop-flex-the-o2-in-london-will-host-europes-largest-k-pop-festival-in-2023/