Member Info for MB10

The real spread is slightly smaller than advertised 3.69 to sell 4.0 to buy. Ed’s sell has created another overhang, although much smaller, to clear IMO. Much of that sale will have been bought up last week.

Of course now its dropped :-(

There’s a massive spread, its in the MMs little black book of tricks. In fact according to LSE the price has just ticked up, although its actually still level.

Except the share price is still level?

What’s important in this news item is that the analysis also suggests one dose prevents 67% of people from transmitting Covid.

That’s excellent news for getting back to normal. With enough supplies of the vaccine, an infrastructure now set up to deliver it in record time, plus the vaccine being effective at not just protecting individuals but effective at stopping them spreading the virus, this bodes well for a normal summer.

https://www.dailymail.co.uk/news/article-9215601/Single-shot-Oxford-Universitys-jab-76-effective-12-weeks.html

Another significant finding in the Oxford study is that the vaccine is likely to significantly reduce transmission of the virus.

PCR swabs showed there was a 67 per cent reduction in positive tests in those who had been vaccinated - in another sign the UK's inoculation gamble has paid off.

A positive PCR would signal that even someone who is vaccinated and immune to the disease is carrying fragments of the virus in their nose or throat which they could pass to others.

Reducing Covid's spread is critical for country's to achieve 'herd immunity', when so many people are immune that a disease peters out.

In the coming days, the Oxford researchers hope to also report data regarding the new variants, and expect the findings to be broadly similar to those already reported by fellow vaccine developers.

Realistic proposition that the whole of the UK could be vaccinated by early May

https://www.dailymail.co.uk/news/article-9213677/Whole-UK-vaccinated-Boris-eyes-school-return.html

Whole UK could be vaccinated by MAY: Government eyes 'realistic possibility' all adults can be covered MONTHS ahead of target with over-65s starting next week and schools back by March 8 - but SAGE warns it is still too early to return kids to class

Boris Johnson has ordered a ramp up of preparations for the return of schools amid fall in coronavirus levels

Whitehall officials hopeful all UK adults could be offered vaccine by the beginning of May ahead of schedule

The PM has reportedly been told by Chief Medical Officer Chris Whitty the current wave peaked a year ago

The fall in coronavirus rates coincides with the continuing success of the nation's vaccine rollout programme

Around three million people over 65 will start to be sent letters to book vaccine appointments from next week

Hardly deflection Alan, its obvious that I am not David, but don’t let facts or conspiracy theories stop you just making things up. Good luck to you, and I suggest that you try and keep your anger issues and your abuse to yourself.

Brightbricks do some incredible models, that’s why IP providers keep approaching them to do builds. Looks like their corporate division is still attracting business. Today’s model was in an RNS because it was significant and similar models that size would sell for £50k plus, so those suggesting a lower figure are just being plain misleading. Full stop.

As an example, take the formulae e car they built, that cost £66k to build. A typical large set of touring models costs £300k to build, that’s why zoos and other customers rent them (see both the SP Angle research note and the shard research notes for plenty more examples).

Lol, “a little unkind” is the understatement of the decade.

Q. What do you call someone who actively trolls something they not invested in yet complains bitterly about people trolling things they are?

A. Sad
B. Miserable
C. Hypocrite
D. All of the above

Ed Diment is not a Director of the company, that’s false information, but he is employed by the company in Brightbricks and was a shareholder with over 3%. His obtained his shareholding mainly from the sale of brightbricks, mainly at 65p and at 44p in the deffered consideration (see below).

Sarah confirmed to me today that he was a forced seller at this level otherwise he would not have sold his shares. Saying or implying otherwise is simply false information. Full stop.

RNS’s for Ed’s shareholding

5 Oct 18 2,820,512 shares at 65p for purchase of brightbricks

25 Nov 19 deferred consideration for brightbricks plus fee shares = 957,519 shares at 44p

5 May 20 37,766 salary shares at 12p

Its clearly not for you.

Keeping popping back in something you are neither invested in or intend to be invested in is a bit sad really. Oh and given how bad you think ICON is, yet haven’t posted a single thing there, your whole reasoning and modus operandi rings a bit hollow. Each to their own I suppose.

Forced seller I understand, nothing to do with the company performance. Confirmed that with Sarah this morning.

Almost feel sorry for some of the clowns that keep coming back to a share that they have no financial interest in or have zero intent to buy.

LVCG is not for you clearly.

Nice.

Clear linkage between divisions now as that is clearly intended for the climate change conference in Glasgow and South Africa expected to be an extension of that conference. Gives a hint to the cross selling potential to these new complementary businesses.

Wow, almost 600,000 vaccinated yesterday and the total up to nearly 9m people (17% of the population). “Government exceed targets”’ isn’t the sort of thing that make front page news though.

https://twitter.com/vaccinestatusuk/status/1355912039126982659?s=21

To respond to a couple of your points, you are confirming my point about lego being fiercely protective of their brand.BB have walked away from the LCP programme and they have secured a supply of cheaper plastic bricks, which is important as the scale of what they build takes a lot of bricks. Anyone who visited the factory knows that they have gone from using what they used to get through in a year to using that in a month. They seem to have no trouble getting supplies of bricks with all their contacts in the Far East. So while you say that lego could hunt down and find that supplier, buy them out and stop supplying BB, there are plenty of other plastic brick suppliers so BB could easily switch supplier again. I don’t think thats a credible threat. These 20 “other firms” you refer to consist of mainly one man bands around the world, nobody is doing it at the same size and scale of what BB are doing and neither do they do it in the same sort of timescale that BB can do it with their unique and proprietary software and system. It only took them 3 months to build the brickosaurs set for Marwell for example and that consisted of over 50 models. It the ability to scale up the touring sets around the globe (once the pandemic allows) that is where the value comes IMO. BB also own the brand of bricklive around the world, and have the ability to put on multiple bricklive shows at the same time (last year they ran 8 simultaneous events around the world in the same month), not something that these other LCPs around the world can do, so when the pandemic allows that’s another area of the business that could take off. With the right partners around the world that could be very lucrative.

The other thing that they have that is unique is the multi-year deals for IP content. That includes the majority of the best and most popular children’s brands on the planet. Paw patrol, Nick Jr, Peter Rabbit, Peppa pig, Snowman, Paddington etc. And the interesting thing is that Tina said that IP providers are approaching them. Content is king as they say.

The zoo rental programme is also quite unique and is an area that nobody has thought of getting into in the past, IMO that’s what start up businesses should be doing, finding gaps in the market that nobody is in and expanding into it. That’s proper value generation. Same with the BL tours for city centres. The fact that its socially distant complient has also been a bonus during the pandemic as even last year LVCG has been generating revenue.

So another view about lego protectionism that’s equally valid is that they could be eying up the new areas of zoo rentals and bricklive shows and rather than running around the suppliers and buying those up, they could try and buy out BB and expand on it in they way they want to (they certainly have the cash to do that). Any of the partners around the world might be interested now that the cash generation model has been proven to work too.

“Due to overcapacity” again a very odd statement. Judge for yourself the demand that is out there (listen to Tina on the last podcast), plus note that there are a further 4 legolands under construction plus expansion of the waterpark at Gardaland (Italy). Its not that easy to set up a very large model building capacity and note the following statements from the SP Angel note: “We expect LVCG to invest in additional brick-based models in 2021, both generic and brand IP, to meet increasing demand for tours from customers.” “the know-how and IP behind the design and construction of these asset models is unique to LVCG and a very strong competitive advantage.” “There are no real direct competitors.”

Finally we now have LVCG expanding into FormulaE both potentially hosting an event in South Africa and running the e-fest event which its looking to expand into other host cities too. Ask yourself if any of that potential in the area of climate change, sustainability and electric vehicles would be of future interest to a major entertainments company (that does not have a significant footprint in Africa).

So a very clumsy post; things could get very interesting here.

There’s something bothering me about that post by “touring ex” last night especially as nobody is having a conversation about Brightbricks. It is really odd that someone would turn up and post about something that harks back to over 2 years ago. Its a pretty clumsy post especially when you look at the timing that Brightbricks was purchased a year earlier than Merlin were reacquired by Blackstone/lego. Here are some thoughts on the phrases that I found odd:

“Back under mixed ownership” IMO this betrays the origin of the poster who IMO is part of either Blackstone or the lego group. Merlin started as a management buyout in 1998 and was sold to a private equity group in 2004 before being acquired by Hermes (a division of the Blackstone Group) in 2005. It was listed on the london stock exchange in 2013 and subsequently bought back in November 2017. Legolands were added to the Merlin group in 2005 as lego were having trouble commercialising them. As part of that deal Kirkby A/S (the investment arm of lego owners) took a share in Merlin Entertainments.

“A company they dislike” This is a very odd objection to have. Why would like or dislike of a company be relevant? Surely what matters is the capability of a company so why would someone say that? I would note that brightbricks uses plastic bricks, have a strategic partnership in place with Hasbro (a potential major competitor) and also have started in the last couple of months making bespoke kits (for jagex and Inveraray castle) plus they have IP agreements in place with major companies such as Nickelodeon for some of the biggest brands on the planet. Its well known that lego are fiercely protective of their brand and have played the long game for the last 50 years, so judge for yourself if that’s relevant. This comment also belies the origin of the poster.

“Wrong side of Brexit” Why is this comment even relevant, as the terms of Brexit does not make any difference to the business of BB who already have strategic partnerships in place in Germany, France, Italy, Switzerland (not an EU member but is in the single market) and Monaco for running events and for distribution. Its also irrelevant for the majority of legolands where 6 of the existing parks and all 4 of new parks being built (New York, South Korea, Shanghai, Sichuan) are also on the “wrong side of Brexit” Being in the UK is an advantage.

If you look at the trades today, where 270k shares were bought before a single sell of 101k shares led to the MMs dropping the price by 5% by dropping the bid and opening the spread. There followed more buys. With the deficit of shares from yesterday too, its obvious this was a fishing expedition (not the only share this happened on today). Strange then that today’s poster creates an account to post on a share that is already been pummelled and is sitting at historic lows, with claims to have inside information from unnamed sources and posting only on this share. Given that this “information” is from over 2 years ago, I wonder where My “I’ve come to save you all” has been for the last couple of years? Yeah right, people can see right through such antics.

Great news that a 4th vaccine is on the cusp of approval. Reported on BBC news that if/once approved this will put a rocket booster under the vaccination programme.

https://twitter.com/kwasikwarteng/status/1354901752353611777?s=21

Spectacular results from @Novavax's UK trials - 89% effective in preventing Covid!
 
The UK moved quickly to buy 60m doses and I’m pleased to confirm the vaccine will be made in #Teesside if approved