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MB10 - SP down again - you have gone a bit quiet today after dominating this site with your persistent ramping for weeks. Surely the investors here deserve some credit for seeing through your comets as one dimensional.
Yes the business has mAny positives as we look forward - but prudence suggests caution after the lack of consideration given to the loyal investors previously by the management team.
Perhaps if you posted less your comments would be appreciated more - I actually now find them a turn off
Umm - good point re Chairman’s fees. If he takes them from the Arts business they will not show on the LVCG balance sheet as such (16% of Arts owned by LVCG).
If no fees were taken from LVCG by the Chairman then we could think that he was being frugal with the cash flow - but could have severely dented the Arts company cash flow instead . Access to that Company accounts would be needed to see the wider picture. (Smoke and mirrors perhaps but I am more than a little sceptical having seen my share value drop from 70p to present levels - albeit I have averaged down).
Yes I still have belief but too much hype and too little of substance for my taste with recent events not helping to restore my faith in management who seem to take their investors and their cash for granted.
Having been invested here since over 70p the actual prospects still seem ok (no more than that imo).
The dilution of investor value has been appalling and the Chairman still puts out the titbits of info re short term events etc as though they are the Holy Grail. Two years ago it was the thousands of people attending the educational display events - supported by photos (but how many actual punters featured - less than 50 as I recall).
Stop the b… S… and give us some real substance - you want our support -then earn it! -!snd above all please stop seeing us as your gullible cash viws!
Interesting - looks like there were not enough shares available at the time the deals were done?
Excellent - if people are holding tightly on to their shares in the expectation of good times to come.
Yes this is my take also -thanks for sharing your thoughts. Sorry my last comments were difficult to follow - due to no specs on, fat fingers on small iPhone keyboard and predictive text??. At least you got my intended drift.
Just can’t understand the current slide with so many upsides to come as restrictions unlock. Look back 15 months ore so. Yes theCompany has taken a Covid hammering, yes some the deals recent of deal does rightly raise eyebrows and David’s integrity is being questioned - but the fundamentals are still there for a strong bounce.
Am I really so out of touch to be completely wrong about the Company’s prospects
Without further in depth knowledge on this announcement I am concerned. At first sight another string to their bow BUT more share to be issued to raise funds - dilution of our (existing investors) equity value - the funds to be used to acquire another Company with which DC is heavily committed - hmm!!!.
As a long term investor here I will let it play for another 6 months or so but I am now seriously disaffected by the sudden out of the blue significant announcements here - weighed against the bite size bits of information revealed in the odd RNS post when a small contract is signed. Too much going on behind the scenes to inspire my confidence for much longer.
Big seller yesterday screwed the positive trend. Wonder who it was.
All the signs and easing of Covid restrictions world wide point to a significant rebate over the next few months so let’s be patient and hold these shares as they really are primed to rise. Having bought in at 70p zi gave averaged down over the months to almost break even now and look forward to the take off from here.
I have been in this Company for two years now - and saw a peak price briefly of 90p per share. At the current price, having averaged down I stand at 23.3p per share and not too unhappy to be so given the potential but will probably average down again before an anticipated take off (my own cash flow allowing of course).
MB10 makes a very interesting point regarding DC's 'different way of taking cash out of the Company' given the buffeting it has survived over the last 12 months or so. I believe I have previously read that DC saw the venture as a 4 year expansion with a view to sale then at a substantial profit (obviously the last year has knocked this idea sideways, or has it?) but the underlying fundamentals are there for a post Corona virus takeover by a bigger organisation with an established cash flow and revenue stream. It would make sense - we shall see????
Whatever - I am hanging in there for either a post Covid resumption of a business with great potential or a takeover.
It is very clear tha Covid has decimated the share price - but it the Company can successfully rude out the next few months its future could/should be very bright. The contracts it secured pre Covid and during the pandemic have a truly world wide base and are likely to be re- negotiated as the world opens up and people are freed once again to go out and enjoy themselves at the sort of attractions that LVCG can privide- take up could be huge.
Look back to the share price 18/24 months ago and it is evident to me that at the current share price investors looking for an investment with exceptional growth potential could be very well rewarded - but keep your nerve in the meantime
To respond to KingShott - all I can be sure of is that Eqt cannot have breached any conditions in their Loan agreement as yet - and thus the Loan Agreement carries on until they do - and drawdown is still available - under that binding 'contract'. That does not say that Altair are not becoming very sweaty palmed regarding the risk - all depends on the small print!
Sold up over the last few days here - fairly hefty loss but I took a view.
We were going nowhere fast here, except a downward spiral, as I saw things - price bolstered by CEO purchses and hot air . Taking too long for the promised turnaround in fortunes to bless us and despite the hype - for me, enough is enough.
Pumped the funds in to a similarly depressed share priced stock which is already providing good cash flow and establishing a world brand - hopefully a better option for the next couple of years or so - imo
GLA to all who stick with it - I truly hope you are richly rewarded. I will miss your good humor and mainly good natured, informed banter on this bb.
lets not get too excited yet - all 'jam tomorrow' in the meantime cash burn of reserves continues.
This share is not for the faint hearted - but potential is there assuming other bigger players do not come in with similar, better technology before EQT's contracts are signed. They have certainly had time to work on and possible perfect alternatives???
just to take your point forward Dip_Stick ----- I did take on board Eqt having 'something unique to offer' which caused 'all these companies to sigh up to MOUs'
Precisely my point - EQT certainly HAD something unique to offer. Is this the case now though as surely the bigger boys with cash will have caught on to the technology and be developing their own to at least equal or be better. Too much time has elapsed with no contracts coming to signing stage for me to feel comfortable with the sp slide etc. - Thus my worry! As a former senior Lending Banker myself I would be worried - that is unless EQT are keeping their Bank better informed than us shareholders. Worried Bankers will not hesitate to withhold further advances or even pull the plug if their finance becomes clearly at risk of evaporating (cash burn) without results/cash coming in Hopefully Mr Price will be keeping them up to speed - so why not the shareholders upon whose backing he also relies. We do not want just platitudes - we require hard, honest facts.
the longer this impass drags on the more 'available cash resource' will be being diluted - suggesting more will be needed to keep afloat in the coming months. Lending bankers, who advanced more funds fairly recently will now be reconsidering their position as the much vaunted Contracts have not arrived and cash flow from these has not been (possibly never will be seen).
Although I still have my shares and a 'hope' rather than belief that the future could be good there is no doubt that other better capitalised Companies will have similar products in their pipeline and when perfected will look to squeeze out the under capitalised new business (such as Eqtec) who have yet to have any active customers to sing their praises. Who would you do business with - a new start with a good idea or a major with a track record in business management and a cash flow to support it?
I now intend looking for a bounce in the new tax year and then will bailout of here if Proce does not give us much more positive, honest and open info in the next couple of weeks.
Not trying to deramp - just calling it as I see it.
Another dillution for us long term holders - kept in the dark till it happened as usual. That said the placing is to holders of firmly held shares and not, as such, likely to fuel the volatile movement caused by mm's, and day traders. With capital to speed drilling investigations etc we could all benefit in the medium term. What happened to NVS being in a hurry to sell and realise a capital profit for investors???