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You post absolute nonsense about the political situation in Brazil sneakerking. You don’t know what you are talking about. The Real has gained value and Lula will assume power peacefully. But good to confirm you post nonsense.
Amazes me too. I’ve assumed Ella is an out of work benefits claimant with nothing constructive to do. Just ignore.
Agree asimpleinvestor.
Hard numbers needed. We are in a consumer discretionary sector. Whilst that doesn't mean the business cannot grow, it makes the outlook more challenging- evidenced by the cutting short of the planned days for the Battersea Park event recently. Yes we are global and less seasonal now, but the world faces a tough outlook. My other concern is that if there is a cream created by the units, DC will skim most of it off before shareholders see anything. I know that is cynical, but I will change my view when I see good profits reported and audited.
MB10: it depends on what us assumed in those revenue figures going forwards. You can get go any valuation within reason based on changing assumptions. The RNS lacks clarity in my view. I see sums being shifted from other fully owned parts of lvcg so boost the StArt revenues. And I really question the effective independence of Stephen Burrill - what would have happened to him if he hadn’t signed the valuation? He is the only person on the board not directly involved in StArt! I’d like to see the valuation report!
Agree DCat. The deck says little that is new, but it consolidates the information in a much clearer manner. Easy for new investors to catch up quickly on the compelling investment case. Like you, I hope this cues a stream of positive news over the coming weeks.
Very sad to see Chile regressing. It was Latin America’s standout success story.
Glad I sold out of that one Seisnav. ARCM a much, much better option - especially with the AA deal.
Will it recover Suede? These are not normal circumstances because the Chairman cannot be trusted. He sells useless companies he controls to lvcg at inflated prices and gets useless NED’s to sign off. He charges fat fees/ emoluments for doing his job given the size of what is still a fledgling company. Not convinced a high share price is his priority despite his shareholding. Actions suggest otherwise.
It suggests a lack of focus...perhaps we're not high priority right now.
Yes, and DC has done a much better job of promoting #JAN than any of the advisors. Always incisive analysis.
@OBELIX
Still in Brasil from 28th August for three weeks - starting in Sao Paulo, then spending a few days in Maresias/Camburi and onto Rio. Spending time in Leblon (mainly for business) and then Itanhanga/Barra. So if you're around...
Regarding your post, I think the PR agency (St Brides) are - on the face of it - providing a very poor service. I caveat that because it depends what Brian has briefed to them. Ultimately the responsibility for poor comms rests with management.
I think they put more effort into the last RNS but it was hapless. I sense a lack of ability to manage round the Nomad (Strand Hanson); that last paragraph really was awful. They should get NvS to give them some counsel on PR - #ARCM is much better.
But the overriding sense that they cannot move things forwards lingers. Brasil can be challenging. Deadline management is often lax. I hope they have a seasoned "on the ground" operator on the team. This is a great project, but the cost/time value of money - particularly right now - means investors will avoid anything with no clear milestones, or robust news on financing, which I had hoped would have been sorted - or very well advanced - by now.
When Brian protested that "he hadn't been in the pub at lunchtime" wasting time, it feels like he was/is sensitive about lack of progress and anticipated criticism. My sense is he either he needs to strengthen his team to deliver faster, or focus on Jangada instead of other projects - or better still, both!
Hope so Obelix. But today 10k in buys and c300k in sells. News is too slow on resource validation, investment/ off-taker news etc., so small holders anticipate the lethargy of the share price and get out. Share price not helped by the overall market, but management looks focused on other things. We need to see more progress and more energy!
Oh, and let's also remember that the StART art turnover of £0.544m is unaudited (as confirmed in the RNS). Are we signing off to but a company based off unaudited numbers? Does this modest "turnover" (for a £5million valuation) include K-POP off line merchandising from the Frankfurt event? Read the RNS carefully and I suggest it does. My estimate is that StART turnover from "art" related commercialisations may be nearer £200k. Perhaps I'm wrong, but I think we definitely need audited numbers for the StART venture. #BeaumontCornish - hope you are taking note (and you, Stephen Burrill).
Worth remembering that any growth narrative for StART art we hear from DC includes off-line related sales of K-POP merchandising. Quite what that has to do with emerging art is anyone's guess. I had assumed K-POP merchandising was part of the K-POP. Flex venture. So please don't "double-count" your assumptions for K-POP merchandising. They are, it seems from the placing RNS, part of the "independent" £5 million valuation agreed by "independent non exec" director Stephen Birrell and the NOMAD.
It's not just the timing - though you are right.
My concern is about the StART business. It's been going on since 2014, which is important to consider for anyone who thinks the high valuation can be justified on the grounds of "fast growing". This "emerging artists" on line commercialisation of art is crowded. There are events in Korea and Cape Town - but they are very small. Yet we are sacrificing a huge chunk of LVCG to buy this unconvincing venture. DC buoys his shareholding and receives more cash in the process...if the deal had been done a few weeks ago, we'd have sacrificed much less of the company but that's another story.
I should say I remain long. I like Bricklive and think the business did well during Covid to cut costs and keep going. I hope the Battersea event goes well ( especially as I live in the vicinity). I am encouraged by the k-pop event and think the company did very well to pull it off despite modest merchandising and streaming performance. Formula e and bike race - await the results. It I get the business case. But start.art feels unresolved. I went to the event at the Saatchi Gallery and was underwhelmed.
DC has made no compelling reasons for the start art venture. Purely speculative. The minority shareholding was acceptable in the context of seeing whether it works. There is very little evidence to say it does yet. So why is DC offloading to lvcg? Who made the “independent” valuation? How? Why did Burill accept it? Why now - instead of when the SP was significantly higher? A utter disgrace!