£20 has been a target for years and with all of the share buybacks really should have been reached a long time ago. However a new dynamic adding $50m to annual revenue is the $2bn+ of customer deposits on which PLUS can earn 2% margin easily like any other 'bank'. With interest rates likely to stay above 4% for the foreseeble future and not return to the COVID induced 'la-la-land' that's a very healthy extra income that should add about 200p to the share price by itself
Sadly also down 95% ; but just sold to get a couple of grand back rather than nothing
Company currently worth £1m and RNS states they intend to raise £9m when private, so existing shareholders will only hold 10% of new company. This has proven yet another example of BoD and insiders being able to destroy genuine small shareholders when on the cusp of improved outlook. Valuable lessons learnt the hard way again about how corrupt the stock market is
But that will be .... 90% it's barely
My message cut off for some reason
but that will be less than 10p per share with enlarged capital. With a loss of 90% it's barely worth selling out now, might as well see if the 'cornerstone' investor can make something back. At 0.9p this might be worth a punt, but DC droll presentation hardly inspired confidence
So much has changed since 2019 when I first invested at 57p ! ... but I think it's worth giving new(er) private investors a bit of context. Back then there were approx 60m shares in issue and the mkt cap was around £30m. Bricklive was in a significant growth period, with 60+ annual shows / exhibits. I saw a potential for £2-3m net profit, a p/e of 10 and double digit growth.
How wrong this all proved. DC embarked on a series of frivolous side ventures and the rest is history. Could this return to a £30m MC company ... well hopefully yes - but that will be 90% it's barely worth cutting losses
Only comfort I get when I compare CARD to MOON is that over the past 3yrs the respective share prices have moved as follows : Card 70 -> 50 -> 90 -> 90 ; Moon 420 -> 225 -> 100 -> 160 ... so CARD gained 30% ; MOON down 60%
However that convergence I have long been hoping for, and which was close to occurring this time last year has sadly not materialised ... yet ! Everything about the past three year's trading performance tells me CARD should be 150p and MOON 125p ... so why don't the "efficient" markets recognise this ?
Knco : "so love him or loathe him , these are facts" ... according to this latest RNS apparently all the time that we have previously been told, that DC was 'lending' money to LVCG he has instead been borrowing money at 20% interest. Now he is moving that personal liability to us LVCG shareholders - quite a brilliant ploy. Since we haven't seen any proper financials for 2023 we are clueless what real liabilities exist, but I'm going to guess we still have around $5m owed ... mostly to DC at 20% ... so we need to make $1m to cover his personal liabilities. We know nothing about the new arrangement for Bricklive, other than this potential cash cow has been 'outsourced' to the original managers and we now only get some 'fee'
I'd love to see some turnaround on this stock - it's cost me a fortune believing it was being run as a listed business not a personal slush fund - but it's not me that has poisoned this company, DC can take full credit for that !
Thereshegoes - you ask "Why would David issue a convertible loan at a PREMIUM of 50% of the suspended price and THREE times the small placing price? " ... I can give you a very simple answer 20% per annum interest on the loan !!!!
I would have converted my entire pension fund into LVCG Convertibles, if I was going to get 20% guaranteed !
I'm still amazed that several posters on this BB still state they receive insider information from DC ...
... knco/tintin - I'm utterly convinced that DC has assured you that the sp will rise to 10p very, very soon - what he neglected to tell you was this would be accomplished by a 20:1 stock consolidation ! Atleast we have something left we can trade
Movement does seem overdone to me. Did think the rise above 250p wasn't really justified (wish I had top-sliced a bit more) We're almost through H1 so the BoD will have a good idea where the numbers stand ... but the bulk of revenue and profit comes in H2 with the Summer "school shoes" buying season. Last year H1 Rev 75m PaT 2m ; H2 Rev 90m PaT 11m. If H1 is only marginally down on expectations then it might be merely a repeat of last year and no growth. I think 150m revenue and 10m profit would still justify a 240-250p price, especially with a solid dividend
Spike - i agree this is a gamble because Assaubayevs own 70% ... but they have obviously been given some dispensation to hold that much without making a takeover bid ... and it doesn't seem as though they're trying to screw us small PIs.
From past calculations I think their av purchase price is around 250p so they have a vested interest to get the price back up to that level ... which I think is much closer to fair value. When 2023 results do get published it will be apparent that the past 3 years NET profits are equal to twice the current mkt cap ... and the future output is increasing and gold price rising.
Just need some Sunday paper to recommend ALTYN and a few dozen punters to look to buy 10k shares and the price would rise rapidly
Kenj "It seems very clear to me that this deal has failed. Surely even the Patel's can't be that thick that they cannot see this too. Expect the deal to be pulled by the end of this week." That might be a logical reaction in a well functioning market, but we're talking about stock trading where all sorts of nefarious insider deals are possible. Whose to say the Patels haven't gone to one or two of the new buyers (@>13.5p) and said, help us get this over the line and we'll let you buy up X % of the entire share capital at 13.65p ... then share in the spoils with us when this company realises it's true value !
I used to be a daily reader / watcher of this stock as I have lost about £50k by continually averaging down, believing the business was fundamentally sound. But I've come to realise that DC is a crook pure and simple using this as his lifestyle fund. He's not really putting millions in, he's merely looking at ways in which he can continue to fund his 1/2 million annual lifestyle extractions. That said, I felt hype could get me out of my hole, if the sp could just bounce from 2p back to 4p !
But the Tintin/Knco nonsense has always been just that ... is there anybody on this forum who actually believes DC would be giving daily 'insider dealing' insights to this clown ? I hope some miracle will happen and we relist - but really I'm now checking in about once a week, just to see if we have been put out of misery and the winding up is final
Similar position , first bought in 2016 ... need about 15p to get back into profit.
DOM gives us some indication what is possible here. A net profit margin of 10% is perfectly achievable, so on 50m revenue, profit of 5m and p/e of 15 would make current mkt cap reasonable. But DOM has achieved revenue of 600m+ so growth of the Polish market to something like 200m should be possible ... and thus mkt cap of 250m not at all implausible over a 3-5yr horizon if growth continues
Other than the fatuous "Moonpig uses AI" excuse ... does anybody have a sensible reason why CARD is so under-performing
MOON : 2023 Rev 320m ; Net Profit 27m ; YoY Growth < 5% - Mkt Cap 550m
CARD : 2023 Rev 460m ; Net Profit 44m ; YoY Growth >20% - Mkt Cap 325m
I feel a dividend announcement HAS to be made next month with the results .... either that or a relisting on the nasdaq
The ONLY thing I see MOON having in its favour is that it is actively growing the RedLetterDays gifting options, perhaps CARD needs to aggressively expand into that higher value product set. Any thoughts ?
It would be great to see continued rises in sp, but there are a couple of warning signs. Revenue flatlined in H2 vs H1 and Admin expenses seem to be rising at same rate as revenue growth, such that we continue to make a net loss each period even though gross margins are staying above 25%. It would be nice if they could get FY results published before June but I suspect they only have the auditors visiting in Apr/May so any more substantial news won't be coming our way
Any newbies here have to remember just how far this stock has fallen, and therefore what the potential rise could be.
In 50:1 stock split terms this was trading as high as 800p in mid 2021 when annual revenue had grown from 1.3m to 3m.
Albeit with a lower quantity of shares in issue, but still a mkt cap around £50m. Strong double digit growth for a few more years, combined with a 10-20% net margin and a return to that at valuation is very possible. 50% plus growth again this year and we could double price in 2024
Coal at $100 per ton and SA operations make no profit ; coal at $200 per ton and annual net profit is above current market cap ! That's the basic economics here. Australia operations are probably marginally better at low prices, so a good diversification by the BoD assuming they're in it for the long term.
Has the market fully priced in continual RB coal at $90 ? Certainly not, the sp would be back at £2 if they had.
But a return to just around $130 and this starts to look like a low single digit p/e. So the question that really needs to be answered is will energy demand in Africa and Asia exceed the supply capabilities of "green" sources over the next few years.
I think it will, so I'll keep holding even though we're down 50% in the past 12months
Simple - you know full well that DC won't resign. The whole purpose of this company (or collection of random activities as it has become) is to enable DC and the missus to jet around the world attending pop concerts, sporting events, art exhibits all whilst charging £0.5-1mm of fees and expenses to us mugs who believe this is a listed company not a personal slush fund
I don't think the market makers need to keep a lid on the share price.
The BoD do a perfectly good job on that front already. Every time the sp breaches 15p they do an accelerated bookbuild for a few insiders at 5p or 11p, well below market. Nobody is going to push the price up beyond that level when they know they'll get diluted
"Simple, it's ridiculous, DC just needs to communicate the current position with facts. it would then stop all the speculation." .... and that is the crux of the problem "DC communication" & "facts" have nothing whatsoever in common and haven't for about 2yrs now. There are so many gaps in the recent RNS that need explaining that it is impossible to make any rational judgements about the viability or not of LVCG. Only thing for all of us to be concerned by right now is : if we relist and at what price ! I still hope it will happen, but frankly every day that passes makes me less comfortable
Dofmeister, that would be very nice, and would possibly even tempt the Assaubayev family to relinquish control, but I won't be holding my breathe ! Instead I'll just continue to wait for the 2023 FY results : 60m revenue ; 15m (ish) profit. We will then have generated $45m net profit off of $170m revenue in a highly consistent manner over the past 3 yrs. Surely those sort of figures will make somebody recognise that this company is worth more than £27m. But you have to go all the way back to Aug 2020 to see a share price above £2 equiv !