Member Info for MB10

Wow, free float just got a whole lot smaller.

And yet another renew booking from Saturday 11 June – Sunday 31 July 2022.

https://www.belfastlive.co.uk/whats-on/whats-on-news/brickosaurs-roar-armagh-planetarium-23503201

Yet another rental over Easter with the dinosaurs headed to Livingston. This is a repeat customer which shows that these bricklive trails are delivering increased footfall,

https://thecentrelivingston.com/whats-on/news/dinosaurs-descending-on-the-centre-this-easter

It all go with bricklive over Easter. Two new events in Basingstoke and Cardiff now being advertised.

https://planetradio.co.uk/greatest-hits/berkshire-north-hampshire/news/come-face-to-face-with-a-lion-a-tiger-and-a-panda-in-basingstoke/

https://www.youtube.com/watch?v=215BXmFEXbQ

Set up for the Volvo ocean race will start a couple of weeks before The eta in Feb 2023. Followed by the formula e and efest and then the cycle race. It’s going to be a busy start to 2023 with good revenue inflow.

https://www.theoceanrace.com/en/news/12970_Stopover-dates-announced-for-The-Ocean-Race-2022-23.html

Alicante, Spain - Leg 1 start: 15 January 2023
Cabo Verde - ETA: 22 January; Leg 2 start: 25 January
Cape Town, South Africa - ETA: 9 February; Leg 3 start: 26/27 February (TBC)

“The objective of the Fund is to provide capital growth over the long-term, being five years
or more. Five years is also the minimum recommended period for holding shares in this Fund. “

https://corporate-premiermiton.huguenots.co.uk/srp/lit/7xaZV6/Fact-sheet_Premier-Miton-UK-Smaller-Companies-Fund-B-Accumulation-GBP_28-02-2022.pdf

Why would they sell? With lvcg predicting that the profits will be as big as their market cap (when the mcap was £7 million) their dividend yield could be more than 100% in time especially given that KPOP and LCSE contracts are multi year contracts. Successful multi year events also attract much bigger sponsors, again improving the economics.

Its not just K-pop and LCSE that are going to do well, bricklive are really beginning to recover too. Granby Zoo are advertising for the summer now

https://zoodegranby.com/en/news/animabloc

Plus there is
Naples zoo
Singapore zoo
Bricklive Houston
Bricklive Chicago
Stone Zoo
Oklahoma Zoo
Marwell Zoo
Knowsley Zoo
Brugers Zoo

Depends on size and length of contract, but each bricklive zoo contract typically generates revenue between £150,000 and £300,000.

And the return of bricklive live events with Bricklive in the park over10 days (that single event alone is going to generate between £1m and £1.5m).

14 Feb

“This means that the potential total revenue for all partners assuming day two sells out could be in the region of Euro 6mio for ticket sales alone and close to twice that if merchandise is added.”

On dilution, there were circa 80 m before covid hit, so yes there has been dilution, but as pointed out, some other aim darlings have had far more than here. Even big companies have had to dilute far more due to covid, look at RR which had a 10 for 3 rights issue going from 2 BN shares to over 8.5 billion.

But todays TR1 also helps to restore trust in what the Chairman says. He clearly said in the investors presentation that the placing was all taken by one II and that’s been proved right. Some will recall he also said that KPOP revenue would be more than 10 million, which has also proved to be true. So when he said “profits more than the market cap” recently that’s likely to be true too IMO. That means £7m profit.

If you use P/E multiples between 10 and 20 (both of which are a low estimate for this sector) that’s a share price of between 38.5p and 77p and given that 2023 is going to be another big step up in that profit (volvo ocean race, formula e , efest and 4/5 kpopfests) could be considerably more. Sure the warrants and profit taking will be a drag on the share price, but the rerate here could be dramatic IMO.

True, they may have had a small holding before. There was 1.2m in round number buying yesterday so could have been Milton adding to a small holding ,

Their holding now 19.4 million.

Agree it’s good news. Their holding will be very sticky.

Milton took more than the lot, they added another nearly 3 million shares

What’s really interesting is that the “flipping”:seems to have stopped at this level. Understanding why is the real question. But in small cap investing being where institutions want to be in the future is where the real share price growth is.

I’m all for positive and negative posts to provide balance and indeed criticism of the Chairman, but I’m with Earl, in the statement below RB is claiming fraud and falsification of reporting by the chairman - reported for being libellous. What to make of the poster that’s “invested heavily” but hardly commented in the last few months yet there have been massive developments in KPOP for example. Plus looks like RB’s comment on the lack of institutional investors is going to be the shortest lived deramp on the planet.

“We have no idea who owns the Monecor shares (probably DC and buddies)”

Finally got round to listening to the presentation. Some great hints to what is coming, but it’s KPOP that’s the gamechanger.

Kpopflex Ticket revenue is confirmed as per previous which is 50% above breakeven (16,000), so over £1m if both days are sold out. Merchandising with its minimum revenue guarantee will being in another £1m. Sponsorship expected to be $1 m. And streaming revenue will be $25 per stream of which we get 60% = £11.50. Revenue there obviously depends on how many they sell, but 100,000 is not an unrealistic minimum given that the kpopflex artists have more than 50 million worldwide followers between them.

Easy to see where the revenue and profits for the “profit bigger than our market cap” comment made in proactive is coming from and that’s based on a single KPOP festival. Looking to do minimum of 2 in 2023, possibly 3. And 3 or 4 kpopfests in 2023.

No wonder when talking about if they didn’t sell kpopflex they were looking to be “allocating large dividends”.

Great point about comparisons lod. Go and look at any company making a profit and its mcap is many multiples of the profit. The sector average P/E is actually 47 (you can find that in the 1st research note). Compare to something like CBOX which makes a circa £7m profit and their mcap is £90 million. So even on a low end P/E a mcap of £7m is massively undervalued here.

2 sessions a day, tickets are £21.73. Say a venue capacity of 3000 (low end) gives a revenue of over £1.3 million for this single live event show.

Brickliveinthepark.com

It’s on for 10 days over the summer holidays. Once tickets have been released you will be able to do some basic calculations as to what this is worth,

Tickets released for sale today. That will allow some calculations to be done on what the opportunity is. Its running for longer than previous events.

Agree that there will still be some churn around this price. All those round number sells today mean there is probably 1.5m of the 3.5p overhang churned IMO. Once that’s done (and I think it’s probably less than 4m shares to be churned) it should be poised for the next leg up. But the free float is still quite small here and it could get smaller if more institutions take up the slack.

Plenty speculating on twitter that the placing was taken by a single institution(and from those who seem to have good links to the broker). If that’s the case then Monacor will be holding too, and this may just be the start of big investors getting onboard. That’s certainly borne out by the price action and L2.