Member Info for MB10

Mid range imo is close to £2m profit (and that’s after the financing costs have been taken into account).

Frankfurt was only half sold for the 2nd day plus lvcg only got half of 50% of the profits, and the short notice 2nd day addition came at significant costand we still made a profit of £83k.

Imagine if there was a concert sold out for 3 days where lvcg got 100% of the profits and the costs were well controlled from the outset.

But never let reality and the truth get in the way of trolling.

Looks good to me. The short term financing is not convertible into equity, so that’s a massive positive.

Bottom line is that these festivals need up front financing. Frankfurt needed upfront financing, but that was provided mainly by the partners. When you have changed the model so that you get 100% of the upside you also become responsible for underwriting the costs and there’s only so much you can use advance ticket sales to finance (much of that cash has to stay with ticketmaster in any case). So without the short term financing London wouldn’t go ahead.

The real question is who is providing the short term finance? They must have been pretty convinced of a good profit from London to pay them back. I’ve seen the initial budgeting for this event, and even on an 85% basis, the profit from the event will exceed £2 million, which will make them on track to exceed the prediction in the brokers note. If it sells out then the profits will be very good indeed. With the 3 big headliners announced and the other acts to be announced “in the coming days” and only circa 50k tickets to sell, this should sell out quickly.

And bennster you can chuck around wild accusations if you wish, but you are 100% wrong.

Surprise that “Mr it’s all going to be cancelled” has the nerve to show his face here tbh.

Have another cookie from cookie land ;-)

News tomorrow?

And this is #awkward. Off to pick up a few cookies 🍪

“London will never happen. you’re all living in cloud-cookie-land if you think it will.”

The new auditors have a much bigger global presence than Kingston Smith. A much better fit for a global company with ambition to be a £100m plus multi divisional company. And if the company really has turned a corner (as per the brokers note) and finally swung to profit this year and to significant growth beyond then a new auditor would give confidence to new investors that the company has had a really good scrub.

https://www.mha.co.uk/about-us/who-we-are

On the investors call it was made clear that they passed due diligence for the new auditor taking them on with flying colours. The old auditors made a clear statement that “have confirmed that there are no matters connected with their resignation which should be brought to the attention of the new auditors, members or creditors of the Company.”

That it’s taking more time to complete is frustrating for sure, but given a call between getting mobilised for London or working towards the audit I know what I’d want then to be concentrating on. Given their poor comms, IMO it’s better that they stay suspended until after London is announced otherwise this BB would just be a troll fest.

I understand that the last of the ducks are just being lined up for London. There are lots of partners being brought together so it’s not all down to lvcg. Hopefully it will all be announced very soon.

25 July “Furthermore, planning for the London launch is underway and an announcement will be made shortly.”

The only thing seriously amis is someone with so much hatred for the company that they set up an account on LSE with the sole purpose of trolling, who would resort to posting false information on the company (that’s called market abuse, go look it up, Indeed there even a handy reminder below that it could lead to an unlimited fine and up to seven years in prison) and who literally posts day and night (I mean seriously who decides to log into their trolling account at 02:31 in the middle of the night just to troll a company). Someone might reasonably conclude that it was a heavy night on the sauce.

It’s funny you failed to mention that Madrid will have made a profit, or that the brokers note guidance of a swing to profit will happen this year and there’s an even bigger profit next year.

There was this festival in Madrid in Dec 22, perhaps they were comparing to that? Can’t find out how many tickets were sold for that though.

https://www.inmaexma.com/2022/10/first-kpop-festival-in-spain-is.html

What’s clear is that the KPOP lux format was a success, was profitable and can be built on.

Brokers note has reiterated the swing to profit this year and even bigger profit next year. That gives a target of 11p a share but excludes any contribution from streaming, merchandising or sponsorship so it’s very conservative.

London to come, hopefully released next week. Plus plenty of growth opportunities such as KPOP in South America, honing of the KPOP business model to produce more profit as the brand builds as well as further KPOP concerts.

There’s only handfuls of aim shares that generate any revenue never mind make an actual profit. Look at any company generating an equivalent profit to what’s predicted in lvcg and they are valued at many multiples of the lvcg market cap, not the tiny £5m mcap(which remember is less than the brick inventory).

The company have also preplanned a change of auditor to a top 10 auditing company, befitting their ambition to be a much bigger company, the due diligence for which “passed with flying colours”, but is taking more time to complete the audit and I’m sure that the management team concentrating on Madrid and London is also not helping completion.

Meanwhile the trolls are trying to suggest problems where none exist. Anyone can go look at the structure of the new companies in company house and they are all 100% owned by the main lvcg group. Even funnier is that if you look at the shares that those trolling are ramping, they have made some spectacularly awful calls and one of them is currently trying to ramp a cash shell that’s got no cash in it £405k of CLNs outstanding and is one of the illiquid shares currently being targeted by the P&D crews. Remember too that these are the same clowns that said the brokers note would never be produced.

Bottom line is if lvcg continue their progress and make a profit and keep growing, the share price will follow.

We still don’t know what the profit (or net revenue which are the words used) for Madrid, but it did make a profit. The updated brokers note kept the forecasts the same (which lets remember this hasn’t been clocked by the wider market yet) which shows that they will be profitable this year and make an even bigger profit next year.

That says to me that Madrid met the brokers note forecasts but not what everyone was hoping for. They key factor was just over 30,000 ticket sales which is around 65%. My calculations give a £350k profit on tickets, plus €100k sponsorship, then merchandising and the streaming, so hopefully well above £500k. If it had sold out, they would be pushing in excess of £2m profit for Madrid alone.

London to come, which is a better market for KPOP fans, and with a good enough line up it should sell out IMO and that would beat the brokers note forecasts. I would hope that’s announced next week.

As to getting the accounts out, they would have been required to say if there were issues being identified. The fact that they say “good progress is being made” says to me that it’s just taking longer than expected, no doubt as the lvcg team have been running around organising Madrid. Anything else is speculation IMO.

Relx exhibitions have returned to pre pandemic levels. They grew that exhibitions business via acquisitions and lvcg have teamed up at some of their exhibitions pre pandemic. Note that have set aside £111 for targeted acquisitions this year.

https://www.relx.com/~/media/Files/R/RELX-Group/documents/results/interim-presentations/2023-interim-presentation.pdf

I believe they have to give at least 21 days notice of an AGM (it’s 14 days for other meetings) and the accounts and resolutions have to be available to view when they publish the date. The suspension will be lifted as soon as the accounts are published.

Typical troll. Not only do you post false information, then libellous information, and expect everyone to believe that you somehow you are right and the company and the nomad have conspired to post information that is false, you then get all indignant about someone calling you out.

I can promise you one thing though, the pi55 taking will be remorseless.

“Furthermore, planning for the London launch is underway and an announcement will be made shortly.“

You are going to have egg on your face pretty soon. Even more when London gets sold out, and then even more when lvcg smash their profit target for this year.

I hope you don’t get banned though so that everyone can take the pi55 out of you ;-)

just like all the other sad trolling ****s that created accounts just to troll lvcg (i suspect it’s the same person) todays sad git is working overtime before he gets banned.

How sad must your life be to set up an lse account to troll lvcg, especially while it’s in suspension.

Give the company have already taken legal action to protect their ip, anyone posting false information like a concert has been cancelled when it’s not been had best cover their tracks adequately. ;-)

Over 40,000 tickets sold for Madrid. That’s over 85% sold, which means that this event will have made a very healthy profit and well above the expectations put out in the financial guidance.

https://media.umbraco.io/live-company-group/42meg11k/kpop-lux-madrid-event-report-web.pdf

Nice RNS on the success of Madrid.

Smart move to give concert fans a streaming discount - that alone will make their revenue target they wanted from streaming.

South America here we go …..