bought more at 299.5p this morning - such a discount to NAV - someone is forced selling to meet margin, i would guess.
one possibility - tensions increasing in ukraine, means potential disruption to oil market - UK oilers will be seen as a safer option to buy into, from a geological risk management perspective. Hurricane is up 31% also - no real reason noted.
25% up - leaky ship
courtesy of a poster on another board... copied as is.
Looks like Sonangol's divestiture process will completed in Q1. Only a few weeks over schedule which isn't bad. Still, I'll believe it when I see it.
https://www.angop.ao/en/noticias/economia/processo-de-alienacao-de-interesses-da-sonangol-na-recta-final/
KPOP was ranked number six in top ten music markets worldwide in 2019: KPOP is short for Korean popular music, which originated in South Korea with influence from South Korean culture, as well as pop, experimental, rock, jazz, gospel, hip hop and other genres. South Korean artists have become increasingly visible on the global stage, hitting the Billboard Hot 100 chart multiple times since 2009. During the 2018 Winter Olympics held in PyeongChang, South Korea the Parade of Nations was supported by music from a number of KPOP artists. Performances from more KPOP solo artists were showcased at the closing ceremonies for the Olympics that year. Since then, KPOP has been marked as one of the fastest growing music genres by sales, streaming and paid subscription services.
Outlook: The extension of this festival to a full weekend event is looking like a great win for LVCG. Adding diversification to the Company’s revenue streams is clearly starting to pay off, as the demand for live events, post-covid, soars. We expect LVCG to build on this momentum with more live event announcements in the coming months
LVCG.LN
14 February 2022
KPOP Festival Adds Second Performance
Live Company Group (LVCG.LN) is a live events and entertainment group admitted to trading on the AIM market of the LSE in December 2017. Today the Group has grown to include: BRICKLIVE, a children’s education and entertainment brand platform that provides creative and interactive content in the form of events & shows; Bright Bricks, the production centre for brick-based models; Parallel Three Six Zero which promotes BRICKLIVE exhibitions in North America; and LCSE that manages sports, entertainment, and lifestyle brand events globally.
A second day to the K-POP Festival has been added: Given a sold-out stadium for the KPOP Flex Festival planned for 14 May 2022, a second date has been added.
Tickets go on sale for a second day on 15 February 2022: The KPOP Flex Festival is planned for the 14th and the 15th of May 2022 with the show starting at 6pm at the Deutsche Bank Park in Frankfurt which holds 44k people. Ticket prices range from €68 in the upper stands to €168 for front of stage/standing room, or €198-328 for VIP seating.
The first KPOP mega concert of its time: The concert includes seven bands on Day 1, Ive, (G)-Idle, NCT Dream, Enhypen, Mamamoo, AB6IX and Kai (Exo). The combines social media following for Day 1 artists is over 48m. Artists for Day 2 include the addition of IVE and ONEUS to (G)-Idle, AB6IX and Monsta X. the combines social media following for Day 2 artists is over 17.5m so far. This is the first concert as part of a five-year program dedicated to the growth of KPOP’s popularity across Europe. The event will also include a fan-fest that celebrates Korean culture on the grounds of the Deutsche Bank stadium.
A JV with Explorado Group: Recall the event is being staged by KPOP Europe in partnership with PK Events and the Korean Broadcaster SBS Television Network. KPOP Europe is partnership between LVCG and Explorado Group.
The revenue breakdown: KPE (50% owned by LVCG) is the Touring Promotor for the event earning 40% of all sponsorship revenue, 100% of net revenue from on-line merchandising, 75% of revenue from merchandising at the event, 100% of broadcast and streaming rights ex-Korea, an annual consultancy fee of €200k and 40% of ticket sale profits. At an average ticket price of €70, the ticket sales alone for the two days is ~€6m. This has the potential to double or more from merchandising sales. Recall that KPE paid US$400k out of the total US$1.75m financing cost for the event. Ticket sales for the event reached the break-even point once they surpassed 26k
Merchandise will be available on site at the concert but also on the www.start.art, online platform with works by KPOP stars. Original works by KPOP starts Ohnim and Yooyeon, from the band Winner, and from Henry Lau will be showcased and available for sale at the festival.
from june 2020
https://www.rollingstone.com/pro/news/bts-paid-livestream-bang-bang-con-1015696/
Global superstar group BTS answered those questions this week with a resounding yes. The band held its much-anticipated Bang Bang Con on Sunday, drawing in around 756,600 viewers, marking what the band’s label claims to be the largest paying audience ever for a livestreamed concert. BTS charged $35 to catch the show, or $26 for members of BTS’s Army fan club, which means the band drew in between $19 million and $26 million in ticket sales.
yep - and when the streaming deal is announced -
from two years ago....
Big Hit Entertainment’s BangBangCon bonanza aired 4 BTS concerts to over 50 million viewers – now SM Entertainment is charging K-pop fans US$30 to access V Live concerts by WayV, NCT Dream and NCT 127, while SuperM fans can buy tickets to a virtual talk from US$33, plus merchandise
https://www.scmp.com/magazines/style/news-trends/article/3081771/bts-brought-live-streaming-concerts-k-pop-fans-lockdown
yes darien - and when you add in the bricklive, the pick n pay, the ocean race and other events that will happen this year, we are still catching up in the recovery. This hit nearly 10p in april last year and that ops update just mentioned talk of kpop being staged in 2022 - and here we are...coming to fruition.
K-Pop Europa is a partnership between Live Company Group and Explorado Group. Following strong sales for the inaugural Kpop.Flex, K-Pop Europa plans to expand its brand with new dates and locations over the coming year.
https://www.musicweek.com/live/read/europe-s-biggest-ever-k-pop-festival-adds-second-day-with-g-i-dle-monsta-x-ab6ix-oneus-and-ive/085194
This is only the beginning for K-Pop Europa
David Ciclitira