Member Info for MB10

Great find SEA7. New partnership in the USA.

https://experiencerws.com/leased-experiences/

RWS is excited to announce a partnership with UK based BRICKLIVE and bring a whole-new leased experience to the states. Bricklive’s oversized brick sculptures are designed to provide a creative experience and Instagram success. Audiences will be amazed at life-sized sculptures! The scale and range of exhibits available provides a wide range of amazing creatures that are bound to excite visitors and add a new dimension to your attraction. Let our bricks connect your guests with a unique experience that embraces fans of all ages and actively encourages families to learn, build and play together.

Usual manipulation of the bid/ask by the market muppets this afternoon. The 171k, 113k, 150k and 57k trades are clearly buys and there was a delayed buy of 213k straight after and they ticked it up over that period to make them all look like sells. Par for the course on here and other shares. More than 1.2m bought today in the bounce from the lows.

Its about 950,000 buys to 302,000 sells so far (accepting that there may be some delayed trades to come), so the market muppets have done a great job dragging it down today.

Its clear that many revenue declarations are commercially in confidence. Plenty of information out there if you do some research that will clearly show that today’s announcement represents an enduring contract that is considerably more than the market cap. If you wait for revenue figures it will take until next year before they are finally published in the annual report and even then they will be mixed with other bits of revenue (e.g. the cycling).

Well given that they put that there was a fee being paid to the company for this in the RNS and have updated the statement from June to say that “The Cape Town E-Prix is a major source of revenue for LVCG” things have clearly developed.

They also say that

“LVCG through its 100% owned subsidiaries Live Company Sports and Entertainment (Pty) Limited (LCSE) and E Movement Holdings Limited (EMHL) holds the exclusive worldwide sponsorship rights, and is the project management and delivery partner, for the Cape Town E-Prix, and additionally holds the worldwide moral and intellectual property rights to the E-Fest concept.”

Bottom line is that the FIA pay a management fee to the organisers of the race and LVCG are being paid that fee.

Tintin, you have made the same point over and over and over again. The fact that they are getting a fee is clearly in the RNS in black and white (as below). The company said it was a major source of revenue and have confirmed on social media that its being paid now and monthly. If you keep asking exactly the same question and making exactly the same point why do you expect a different answer?

“Project management and delivery fees are ongoing irrespective of the postponement to Season 9.
The Cape Town E-Prix is a major source of revenue for LVCG.”

They highlighted that they were being paid fees from now in today’s RNS. As FSJ says it was a badly written RNS, but they did put that information in there.

Several news articles were released on the multi-year agreement with Formula-E. Monthly revenue-producing for LVCG from now despite the delay to Season 9.

capetownetc.com/cape-town/buck…

slipstreamsa.blogspot.com/2021/10/cape-t…

formularapida.net/cape-town-aims…

https://twitter.com/lvcgplc/status/1450057935728660482?s=21

There’s plenty of evidence out there that the company are getting paid now for organising formula E in Cape Town and that contract is in excess of £5 million. Its also clear that the bricklive business is recovering with some good contracts over the winter months. The company is clearly in a better position today than it has been. People either believe that the company is recovering or they don’t, but there are very few companies that land a contract that’s more than their market cap. It makes a nonsense of the share price, but this is AIM

The company also confirmed it this morning on social media:

10 year major revenue producing agreement signed with Formula-E. Monthly fees start from now.

Its in the RNS. Here is exactly what is written.

“Project management and delivery fees are ongoing irrespective of the postponement to Season 9.
The Cape Town E-Prix is a major source of revenue for LVCG.”

Another interesting article in The Times about the K-wave. KPOP is extremely popular and marketable and the links are being made explicitly. This article specifically mentions the StartArt event and notes the last time that BTS did a concert at the O2 it sold out in under 10 minutes.

LVCG are in the process of organising a KPOP concert in partnership with a Korean Broadcaster and a local German stadium who are underwriting the costs.

https://www.thetimes.co.uk/article/south-korea-is-coming-let-the-games-begin-09wndxr2s

“Hooked on Squid Game? That’s not a coincidence, says Harriet Walker — it’s part of the K-wave sweeping pop culture from fashion to TV and music”

“It’s part of a wider trend for all things Korean that has been percolating for several years. An exhibition of young Korean artists has just opened at the Saatchi Gallery in Chelsea in London.”

“And despite this, BTS still sold out two nights at the O2 in under ten minutes in 2018. In 2017 their Twitter posts were liked or retweeted more than those of Donald Trump and Justin Bieber combined.”

The deferral to the race to 2023 has been know about for a couple of weeks and the share price took a bit hit on that. This morning they confirmed that they are being paid a big management fee and that is being paid now.

This video explains the track design process for Formula E. Its quite complex, there are a lot of things to consider and involves a lot of authorities coming together just to get the final track design approved. Then, once road improvements have been done, the track build and installation commences a couple of months before the race, which all has to be done without closing roads (which only get closed the Thursday before the race weekend). Its normally 2 years from feasibility to race, so with the impact of covid on the road improvements its probably better that they deferred the race by 12 months so that they get this right for the next 10 years.
https://www.youtube.com/watch?v=LUycJ9eR6l8&t=1s

They get the management fee from the FIA. There is clear evidence that other host cities get a $1.5 million fee. LVCG have said that this is a major revenue generator for them. Why do you think that they would get less than that.

10 year major revenue producing agreement signed with Formula-E. Monthly fees start from now. Plenty of events to take place in 2022 with Cape Town race now included in Season 9.
https://twitter.com/lvcgplc/status/1449994293633036291?s=21

Except it is in the RNS. Here is exactly what is written.

“Project management and delivery fees are ongoing irrespective of the postponement to Season 9.
The Cape Town E-Prix is a major source of revenue for LVCG.”

They are being paid that big fat management fee right now. SEA7 has shown from other events around the world that its circa $1.5 million. That’s why they say its a major source of revenue. That’s more than the entire market cap of the company for this single contract.

“Project management and delivery fees are ongoing irrespective of the postponement to Season 9.
The Cape Town E-Prix is a major source of revenue for LVCG.”

I.e. being paid that big fat management fee right now

Formula E is only going to grow in popularity over the years. As the revenue model for Cape Town includes not just a big fat management fee, but a share of any sponsorship that gives a growth path for the future.

https://www.nationalgeographic.com/science/article/electric-cars-replace-gasoline-engines-2040
Electric Cars May Rule the World’s Roads by 2040. New analysis suggests the gasoline engine may be like the horse-and-buggy a century ago: doomed to a rapid demise.

Understand that these were displayed and on sale at the art exhibition this week. Nice little sideline.

I recall there was some joker on here when they landed building a model with the environment agency (no doubt for COP26) that suggested they were going to get less than £10k for it. Looking at the interims segmental breakdown the bricklive model building business unit turned over £381,000 in 6 months. That will have covered the EA model plus what they did for Jagex and also models of a local power station suggesting that this is a very lucrative sideline.

https://shop.bright-bricks.com/collections/limited-editions-and-collectibles

Good luck to you in whatever you are invested in. Its obvious that you have some kind of hatred of the Chairman and having lost money on this share (given that its at an all time low that’s actually the same position of literally everyone invested here) you are obviously determined to be disruptive and to attack anyone and everyone who want to look forward. But its a public bulletin board and everyone is free to post what and when they want, so I’m not going to get into any arguments with you. Personally I am encouraged that even in the current covid environment in SA that the cycling event made north of £200,000 and they are about to open ticketing for the event in March 2022 (likely at full capacity) which I am sure will help with cash flow. If you look at the interims segmental analysis the admin costs of LCSE are just £300,000 a year. From the information available today it looks as if the management fee contract with formula e is more than the entire market cap of the company which seems pretty amazing to me. Then you have to note that the bricklive division had a very good summer as well as landing the big contracts of Singapore zoo, Naples zoo and Houston over the winter period and already have more things booked for 2022 than they had booked at the start of this year. The company is very clearly in recovery mode from all time lows. I am looking forward to seeing some of this written in an RNS sometime soon.

Company has been smashed by covid but it’s survived and is fighting back. Its plain to see. Demand is on the increase, multiple contracts being let with old and new customers, including some very big contracts with Singapore zoo, Naples Zoo and bricklive Houston. Also has new divisions with a low cost base (admin costs less than £300,000) yet good revenue generating. Cycling event just completed (revenue north of £200,000) and now looks like they have landed a multi year contract for formula e that’s bigger than the market cap. You would think folk would be happy to see it, happy to see there is a future, happy to see folk will make money back. Makes you wonder why some are posting talking the company down? Strange behaviour, but each to their own.