Member Info for MB10

With ticket sales in excess of 26 thousand the event is now profitable.

If you look on the ticketing website you will see there has been a big upsurge in ticket sales. They seem to have released additional blocks in the stadium too, so I wondered if they have decided to increase the capacity for the festival due to demand?

Next band released and its massive.

Dummy sells were at 2.86 and as can be seen there were buys at 3, now moving up to 3.14p. There may still be a delayed trade, but manipulation earlier in the week there wasn’t. Shows (as you say) that this moves very fast.

Yet again the muppets are manipulating the share price. They have been doing it all week, dropping the bid massively to encourage selling, and the advertised bid ask bears no relation to the actual bid/ask. Careful examination of the trades exposes this manipulation for what it is. You see complaints on these boards all the time from shareholders about manipulation and it’s sometimes dismissed, but rarely do you see it being done so openly.

The bands being assembled for the kpopflex festival really are the biggest thing in KPOP, which is the fastest growing music genere across the globe. The 3 acts already there (NCT Dream, Monsta x and GIDLE have over 30 million worldwide social media followers. NCT dream’s single reached 60 million streams on Spotify.

Next act announced today looks like its going to be even bigger.

Remember that LVCG have 100% of the broadcast and streaming rights which extends the reach of the festival around the globe. Its that scale up that will bring in very significant revenue.

https://twitter.com/nctcharts_/status/1481220855866744835?s=21 “Hot Sauce” by @NCTsmtown_DREAM becomes the fastest #NCT  song to reach 60 MILLION streams on Spotify!

Maserati to enter formula e in 2023. McLaren also have an option to enter.

https://www.businesslive.co.za/bd/life/motoring/2022-01-11-maserati-to-enter-formula-e-electric-championship/

Seems announcement of the 4th KPOP band for the festival is not far away. From the clues being given out by kpopfest, speculation is its one of two groups that are bigger than either Monsta X or NCT dream. Both rumoured KPOP bands are already brand ambassadors, making the 40% of sponsorship revenue for the event look like a nice earner.

Just my view, but the market cap here is only £5 million. Once the forward numbers are made public (and if they are as good as being hinted at in interviews and they move to making an actual profit this year) there’s no reason why this could not get well above a £50 m mcap this year.

Its big business for KPOP festivals. Must be a big mark up in things like light sticks. Lvcg get 100% of the profit from event related online merchandising (looks like they are gearing up to start sell this fairly soon) and 75% of the profit of all merchandising sold at the event.

https://mashable.com/article/k-pop-lightsticks-explained

New website for bricklive. Interesting that it’s separate from the main LVCG website now. Wonder if that’s significant?

https://www.bricklivegroup.com/

4 big rentals over the next few months
Singapore Zoo Brickosaurs
Naples Zoo supersize
Houston Animal Paraidse
Chicago Animal Paradise

Then there is Marwell Zoo Brickosaurs 2 coming on stream in April

Other revenue coming in during this traditionally quiet time will be the cycling on 13 March that will bring in over £200,000 plus the management retainers for kpopflex £100k and formula E £350,000 and whatever they are getting for staffing the vaccination site.

February Half term to come too before the big tick up from the spring.

Marwell spinning up the PR for the arrival of Brickosaurs in April. This is a £250/300k contract.

Also Singapore zoo, Naples Zoo and Bricklive Houston taking place over the winter period.

https://twitter.com/marwellwildlife/status/1479332131545493509?s=21

There are less than 3 months to go until BRICKOSAURS! Evolution arrives! ??

Can you guess what dinosaur species this might be just from its teeth? ??

Comment your best guess and we’ll let you know later today!

NFTs are the next bitcoin IMO and this marketplace startup has a valuation of $13 billion. At the moment little to no value is being ascribed to LVCGs minority stake in StartArt.

https://www.thetimes.co.uk/article/nft-marketplace-is-valued-at-13bn-bqjmh35g5

A marketplace for non-fungible tokens (NFTs) has been valued at more than $13 billion in a fundraising that highlights the surge of interest in unique digital items that can be traded online.

OpenSea, a blockchain start-up, announced that it had secured the remarkable valuation on the private market barely four years after its founding. The company raised $300 million in a funding round.

It has attracted high levels of interest following a frenzy around NFTs. These tokens are, in effect, certificates of digital ownership, utilising blockchain — the technology that underpins cryptocurrencies, such as Bitcoin — to keep a verifiable record. While digital assets such as images are easily replicable, NFTs enable their holders to demonstrate possession. OpenSea, founded in late 2017, claims that its platform has more than 80 million NFTs and 600,000 users. The company has more than 90 employees. Backers include Mark Cuban, the billionaire entrepreneur; Ben Silbermann, co-founder and chief executive of Pinterest; and Ashton Kutcher, the actor and investor.

In a blog post on OpenSea’s website, Devin Finzer, co-founder and chief executive, outlined its plan to become the “core destination” for NFTs online and the “most trusted” place for people to buy and sell them. The latest fundraising round is designed to “accelerate this vision,” he wrote, through product development, enhanced customer support, recruitment and investment in the NFT industry.

Entries to the Cape Town cycle tour have closed. This will have reached capacity. A nice cash injection in March.

https://www.capetowncycletour.com/lifecycle-week/ctct/

NCT Dream have an enormous following. This tweet from kpopflex has been viewed over 35,000 times in less than 5 hours. Bodes well for the company that has 100% of the broadcasting and streaming rights for this festival.

https://twitter.com/kpop_flex/status/1479077898183131148?s=21

The £1.3m is from the RNS Of 7 Dec 21 (Financing costs of the kpopfest) and the potential revenue figure is from the proactive interview (link below from 4:40). It’s not hard to see how that revenue gets built up from ticket sales (lowest ticket price is £58 for 44,000 capacity), sponsorship, merchandising and the broadcasting and streaming rights.

https://www.proactiveinvestors.co.uk/companies/news/969701/live-company-says-new-k-pop-festivals-will-be-a-profitable-project-969701.html

The costs of a single kpopflex festival are £1.3m vs a predicted revenue of over £10 million, and its a 5 year contract for which LVCG own all the IP and (more importantly) have 100% of the broadcast and streaming rights). If they land another festival in the same terms it’s going to be a very attractive package. Plus live nation will probably be interested in the formula E 10 year contract too.

Have a look at what previous festival purchases by LN have brought and I think you are pitching a potential buyout price far too low IMO.

Loads of comments on the kpopflex channel about buying light sticks for the event. These are already a bit of a thing amongst fans, the mark up on them will be very healthy. LVCG get 75% of the net profit of merchandising at the event.

https://www.ranker.com/list/best-kpop-lightsticks/nwarner

RNS confirming that NCT Dream are playing the kpopfest.

Over 17,000 tickets sold already, which is above the break even point for the event.

IMO market has this totally wrong and has not yet realised the change in direction of the company or the change in operating conditions. Before covid the bricklive business was doing well as a growth company. Valuation has been smashed by covid, but even in the depths of a lockdown year the bricklive touring (socially distance compliant) still generated £1.9m revenue. That business is recovering and still growing and will be a nice cash cow again.

But its the new business that has really taken off. Yes the company was diluted at a low share prices but you have to balance that off with picking up good assets at a knockdown price. LCSE is already profitable from the cycling and vaccination site contracts after 12 months and the 10 year formula E base contract which gives them £350, 000 management fee for this year is going to be worth more than double the current market cap when the race hosting starts in Feb 2023. The efest activities will add to that significantly and give a good future growth path.

But its the kpopfest that has completely changed the fortunes for this year and is even bigger than either bricklive and Formula E . They have secured an excellent deal to fun the festival for minimum cost for LVCG. Revenue for this single event is predicted to be in the 10’s of millions. Ticket sales are going well, and they have secured 3 of the biggest names in KPOP with (G)IDLE, MonstaX and now NCT Dream (with another 4 bands to come this year) who have more than 30 million followers worldwide. With 100% of the broadcast and streaming rights, LVCG stands to do very well out of this. Although it’s annoying that they raised while the share price was down here, that cash is to expand the KPOP to other venues in Europe this year and supercharge the growth. No numbers have been put into the market yet, but its not inconceivable that this year they will have Earnings that are more than the current market cap.

It couldn’t be clearer that the Chairman is building this up for a sale. Live Nation are already involved in ticket sales for KPOP plus LN have divisions that do Formula E events, so this is a good fit for them, although they are not the only potential suitor. Like him or loath him, the Chairman has a history of selling media companies (see extract of his bio below) and has a lot of contacts in the Industry. He is the biggest shareholder by some margin and almost all of his financial eggs are in this basket so is motivated to get the best price possible. Look at some of the previous acquisitions by live Nation to understand what a potential sale price for just the KPOP fest could achieve.

IMO this is not just the biggest covid recovery play in the market, but could be the biggest turn around play out there.

“He was one of the original shareholders of Satellite Television plc ('SATV'), renamed SKY following the (1983) sale to Rupert Murdoch's News Corporation. David continued running SKY and was responsible for establi