The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
You joke 212hl but we have suggested just that! The communications are the main reason we are in such a terrible place. I have zero concerns over the viability of the company but unless they can sort out their comm's the SP will be stuck for a while. They are DREADFUL and communicating what is actually happening.
I dont believe there is anything to be over concerned with here. Poor corporate governance (CFO going probably didn't help) has lead to a delay in accounts and subsequent short term suspension due to AIM rules. A great opportunity to buy IMO, although I dont have any more cash right now
Just checked ticket sales again and we are ~4500 ahead of plan, which equates to ~700k Euros ahead of plan - pure addition to the bottom line. So as Jimmy S and MB10 have said, the broker's note appears pretty conservative already.
Good luck all and DYOR
The difference between the two is like night and day
Frankfurt is a complete sh*tshow - terrible planning, terrible comms. Very unhappy KPoppers
Madrid is going very well - only 2700/47500 seats left available (yes I am sad enough to have a way of counting them) which is well ahead of the forecast 40500 sales ( or ~700k euros above plan!! )
So why the difference? Frankfurt is being run with our German partners and without SBS. Madrid is a solo effort with SBS.
Frankfurt planned income was less than £200k. Madrid plan was ~£1.7m (which will be smashed).
Owning and control the KPop Lux brand is the cash cow! Luckily London is Lux too!
Yes, it's an independent research note, carried out by a specialist company in these matters. Although we all know your anti LVCG agenda Guzzler / Stu
Whilst the lack of formal update and subsequent SP is depressing, I have just looked at http://ticketmaster.es. There are so few seated tickets left, I could count them. 2814 seats left, which is 6% of the capacity. I cant see how many standing tickets are left but it looks like we are well ahead of the target capacity of 85%.
An increase of 9% compared with target adds ~€700k extra to the bottom line. Sell out and we add ~€1.2m !!!!!
I am super confident LVCG will smash the BN targets which makes sentiment and SP absolutely crazy!
DYOR on Madrid if you dont believe me ;-)
"And if he'd wanted to go ahead with these European KPOP festivals, wouldn't he have attempted it previously." - add to that, he doesn't have the cash to do so!
Not only was the broker's note conservative, the numbers for ticketing sales used by the BoD have already been exceeded in Madrid by the looks of it. I checked Tickermaster.es earlier and reckon there is less than 10% available now. Numbers were based on 85%. An extra 5% in ticket sales adds >300k euros to the profit !
Totally agreed, another opportunity lost. The BoD really don't help themselves at times
It was always likely to fall back a little yesterday, as day traders took a nice profit, but I expect it do well from here as people begin to see the value. Shame the BN wasn't RNS's but I expect the next webinar to add more meat to the bones.
The BN feels very conservative for this year IMO
11p based on £1.25m gives 38p on £4.3m.
They don’t mention timescales however but do mention they have been conservative. Definitely a possibility to move into the 20p+ range early next year if not before
I am all for challenging views on this or any other board. It helps keep subconscious (or conscious) bias at bay. However, the constant misrepresentation is tiresome. Look at your constant banging on about P/E. You clearly either don't understand the concept or you are deliberately creating negativity.
Let's look at what DC can directly control and what he cannot. Of course his actions can be interpreted, so has some indirect control but.....
He can control earnings and profit ( EBITDA ). He cannot (directly) control the share price.
So, lets (for example) say LVCG do produce a EBITDA of £2m this year ( which I feel is entirely possible, probably exceeded ). Taking a conservative P/E of 10x ( as MB10 has suggested ) would give a SP of over 8p
The fact it is ~2p shows that currently the market expects EBITDA to be ~£500k based on the same P/E.
Therefore, if the broker's note comes along and suggests we are in-line to get to £2m+ EBITDA, it demonstrates the SP being woefully undervalued. Do you not see that? Or do you chose not to?
From memory the last brokers note suggested the P/E we should be expecting in this sector should be around 17x. Which would give us an anticipated SP of 14p on the same £2M EBITDA forecast.
My guess is there forecast this year will be somewhere between 8p and 14p and will be deliberately conservative, so DC and the BoD can comfortably beat it.
I could be wrong of course but (unlike some) I can back up my reasoning with numbers.
I agree Frankfurt is an issue but unfortunately the German promoted ( not LVCG, not SBS ) in control. I have a hunch it may soon be taken over by the Lux brand and sorted, which will improve our profit there too!
Go and check ticketmaster. Not many seats left. Far fewer than the the number used to calculate predicted profit from the event.
A big, big couple of weeks ahead! ~2p is just ridiculous !
Repeating my message from yesterday. *hint hint*. Lux is the way ahead
"The reason for the difference is Madrid is under the control of LVCG in partnership with SBS using the KPOPLux_ brand
Frankfurt is a joint venture with the German promoter under the KPOP.Flex brand. It seems the German promoter is struggling a little without SBS being involved.
Luckily London is also being run by KPOPLux_ so will be good too !"
Branding issue, that's all. They used an out of date logo for the band and are correcting it.
The reason for the difference is Madrid is under the control of LVCG in partnership with SBS using the KPOPLux_ brand
Frankfurt is a joint venture with the German promoter under the KPOP.Flex brand. It seems the German promoter is struggling a little without SBS being involved.
Luckily London is also being run by KPOPLux_ so will be good too !
Acts have gone down very well it seems. I believe all profit forecasts were based on selling ~85% of the capacity. An extra 15% sales would add another €1m to the profit in ticket revenue alone based on average ticket prices.
The Lux brand is going to be by far the most profitable part of our portfolio. They will also be running the O2 event too don't forget!
They have 5m followers on Insta I believe
I really don't know if you are being deliberately obtuse but MB10 has merely pointed out that "IF" LVCG posted a £3m profit ( which I believe is possible, you may not) then a very conservative P/E of 10 would give valuation of £30m to LVCG or 11.5p based on current shares in issue. If you took the industry average P/E of 27.8 that would move to £83.4m valuation or 32p per share. None of that is controversial other than whether you believe the profit is achievable.