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The heading to the section makes this different IMO. I was sceptical about monecor’s previous attempts and when the TR1’s came out it was clear it was just their clients. Will find out on the 18 March if it’s all been taken by instituion(s). If so that’s a good indication of a bigger turnaround.

Just reading into how the RNS is structured and worded. The heading of that section “ Institutional Fundraise” is normally a good indication.

It looks like the entire placing has been taken by an institution, so will be sticky, and won’t result in an overhang for that element. Guess we will find out on 18 March with a TR1?

At a premium,with no warrants and with institutional investors so sticky. All placings are crap, but this is better than the majority and if its to capture even more of the streaming profits then it will benefit investors pretty soon.

"Streaming for KPOP events will be a major revenue source and negotiations for KPOP. Flex remain ongoing. Having video production of events in-house means we can reduce costs and own our content.Ticket sales for day two of the festival are encouraging and securing Kai for day two has been instrumental in increasing numbers significantly."

Maybe it allows them to keep more of the streaming profits? One to question at the investors event tomorrow. At least its at a premium.

South Africa cycle tour completed as planned today. Along with the expo Which returned this year that’s a nice slug of cash in the bank.

https://twitter.com/lvcgplc/status/1503057980002033667?s=21

That’s a big bricklive contract. Another £40/50k a month from April. Nice.

From the interview today

“We will make good profits this year”

“Profits the size of the market cap”

Reflect on that.

“Even although I hold”

Sure you do ;-(

It’s very tough everywhere in the markets at the moment. In the small cap space the muppets are playing to fear and take every opportunity to mark shares down. The placing overhang is still not cleared in lvcg IMO, but once it has there should be a big upswing.

Once financial guidance is restored the opportunity will become more apparent to the wider market, until then investors have to piece together snippets of information. But RNS’ over the last few weeks have added significant revenue compared to the tiny £7m mcap.

Kpop ticket sales will bring in over £1m
Kpop merchandising will bring in over £1m
Bricklive Battersea will bring in over £1m
Formula e will bring in over £1.2m in early 2022 (mentioned in podcast last year)

Then there’s the bricklive touring already over £1.8m and recovering, further live tours, KPOP sponsorship and streaming, further KPOP festivals the cycling (in a weeks time) the Volvo ocean race stopover, the efest, golf tournament and concert still to come.

All that indicates a sharp turnaround to significant profitability this year and big growth in profits in the years ahead with significant recurring revenues (and the formula e revenues come in the early part of the year which ensures a smoother revenue profile).

As to commentators who are apparently “holders” and are here to “warn” you about the company, ask yourself if those commentators never comment on what are obviously very positive news releases and just attack the company and other posters, what are their real motivations for posting. Like that poster last year that apparently held “millions of shares” yet didn’t post a single positive comment.

Nobody is pretending that it’s not been tough for shareholders over the past 2 years, but the LVCG share price has been smashed by covid, it could easily have gone to the wall (like many shares over this period, would be worth examining all those other shares in the entertainment space that have been affected by covid and have had to raise even more cash than lvcg and issue much more equity). The real mistake is take here IMO is failing to recognise when there has been a massive turnaround. This is not just a covid recovery play, but it’s successfully tapped into not just one, but two, big growth sectors (KPOP and formula e).

Kpopflex merchandising goes on sale tomorrow. Wasting no time getting going. Lvcg get 75% of the net profits.

https://twitter.com/kpop_flex/status/1499811832437129216?s=21

“Contracts rather too short”

What like the formula e contract that is 5 years with a 5 year extension

Or the KPOP festival which is a 5 year contract

Or the most recent bricklive live event in Battersea which will be a 5 year contract.

I see exactly what you mean. Same with your nonsense of “ramping”. This bb is one of the quietest on LSE.

Good details coming out. Note that the road upgrades are planned starting in April. Plus more details of the efest.

https://www.fiaformulae.com/en/news/2022/march/cape-town-e-prix-announcement

Interesting numbers coming out of the formula e interviews. Remember that this will have a week long efest (which will have ticket sales), a golf tournament (being arranged by Ernie Ells) and a concert at the end, then there is all the sponsorship to come. That’s a big tick up in revenue and profit next year, along with the Volvo ocean race. When the numbers get revealed this will surprise the market IMO

“Longo says Cape Town can expect a crowd of spectators around 30 thousand-strong, with 23,000 grandstand seats.

Between 7,000 and 8,000 will be international visitors.”

https://www.702.co.za/articles/440175/formula-e-is-coming-to-cape-town-confirms-founder-ahead-of-big-track-reveal

Formula E is definitely coming to Cape Town in February 2023, says championship co-founder Alberto Longo.

Bruce Whitfield interviewed Longo ahead of a big track reveal in Cape Town on Friday (4 March).

There had been a toing and froing last year about whether the Mother City had lost the rights to host the E-Prix amid the fallout of the Covid-19 pandemic.

The expo returns for the cycle tour in two weeks time

https://www.capetowncycletour.com/blog/nashua-partners-with-cape-town-cycle-tour-lifecycle-expo-and-registration%EF%BF%BC/

Worth noting that if you go back to the aquisition of bricklive, that was done at a price of (mainly) 65p for a total of circa £9m at the time. Doing that now would extract a much heavier toll on the share count. Since then covid has hit the company hard and more recent acquisitions have been done at a much lower price. However, LCSE was an aquisition that was done at the height of covid so it’s valuation was depressed. Overall since bricklive was acquired, the share count (if you include all the warrants) has roughly doubled. But its worth noting that the overall business and therefore the potential of the company has more than doubled.

If you compare that to other aim companies, including some of the current “darlings” that’s nowhere near as many shares issued during the last few years. Take MOS as an example, in Nov 19 there were 140 million shares in issue, today there are 2.586 billion shares in issue.

Those are good questions. AIM seems destined to never make sense to anyone. Prior to covid, lvcg were on track with just bricklive to move into profit and if you look at the growth projections in the brokers notes their market cap would have been supported by actual profit. However, Lvcg has been battered by covid, and also suffers from poor sentiment as well as there being poor sentiment around the wider UK market. But at some point, especially when the numbers come out, that will change again. Very few aim companies fulfil their initial promise and move into not just revenue generating, but into profit.

You also have to be careful that financial statements are by definition backwards looking. The full year results will tell you what happened last year, not what is going to happen. Last year was dominated by covid which stopped events for almost 6 months. I am expecting them to have made a loss last year still, although I expect that loss to be much smaller than the year before.

Its the forward projections that are interesting. There is no financial guidance out, so it’s all got to be based on what the company are putting out and a bit of guesswork. There of course is where the opportunity is until that guidance is published later in the year.

You can go on the overall statements about costs of the business, which have been reduced for bricklive during covid. There have been some op costs additions for LCSE, but those are less than £300k a year. Then you have to work out what the revenue will be, so add 1800 days of bricklive at £1k a day, the cycling, formula E retainer this year (£350k) as well as future bricklive contract wins. Then add the bricklive touring which should generate circa £1m in revenue. Then there is the KPOP retainer and share of the ticket sales, which if both days are sold out will be more than £1m. All that gets you to IMO around break even for this year. Then add the merchandising, streaming and sponsorship of the kpopfest and you are well into profit for this year. And if they add another KPOP festival this year that will be another big tick up, as well as if they put on more bricklive live shows.

Been running the numbers on bricklive Battersea based on previous shows attendance and prices. I think it adds over £1million in revenue, depending on how long it runs. Market is missing this.

https://www.elle.com/culture/music/a36898177/k-pop-multibillion-dollar-industry/

South Korea has quietly become Hollywood’s biggest competitor, churning out wildly popular music, TV dramas, and beauty and fashion trends with global appeal.

In America, K-pop was once a niche interest. Now it is a dominant, multibillion-dollar global industry. And the music world will never be the same.