Live Share Discussion Threads

[darola] 18/10/2019 12:31

Jackknife. So you don’t think their significant interest, holdngs and active involvement in the companies success will have any bearing?

[gingernut1] 18/10/2019 11:56

Well given its not you and you are not invested thats ok then.

That short not going to plan by the looks of it.

[darola] 18/10/2019 11:08

Oh dear. It’s incredible how un researched some people are. The “vendors”; hold board and director roles in LVCG/Bricklive, are integral parts of the company. They hold 2.8m shares each from the buy out. This possible placing or cash settlement is not new and has been a known condition of the sale since 2018. They will reach an agreement that is in the best interest of all parties.

However you want to spin this the business is growing at an exponential rate. The “vendors”; are on the inside of all of this. This is a bit of admin. Nothing more or less.

[gingernut1] 18/10/2019 09:12

Lol nice try again lads. That short must be burning now, especially with that buy of 46k shares.

[mister md] 18/10/2019 08:45

as i have been saying, its Parallel Media all over again ...

[jammydodger1] 18/10/2019 08:41

They tried to ramp this one on twitterPmsl

[carcosa] 18/10/2019 08:32

Seems as though those Vendors are not so stupid. They have LVCG over a barrel. As I and others have stated the company has no cash. Indeed they are relying on director loans, stopping taking cash out of the company against personal property rents..

Having orders and revenues does not translate into hard cash for now. They have, at best, to get to the end of the year before making headway

In an earlier post when the HY results were issued I said

"..certainly explains why the deferred consideration will be paid by shares (almost certainly at a discount). A further fund raise at this stage would trash the share price so if the H2 performance materialises then, with a hopefully higher share price, a fund raise will be on the cards when the prelims are issued."

So now, the vendors have seemingly told LVCG they want cash because LVCG shares are worth nothing like the current share price so LVCG have the following options:

1) Raise further cash. At what discount to the share price and how much dilution?
2) Do a placing aka Directors selling shares to pay the vendors in cash.
3) Management coming up with some sort of guarantee that the Vendors interest in shares will be protected, say until H1 next year - Not sure that would be legal
4) Take on more debt to pay the Vendors; but will cashflows support the financing?
5) Renegotiate the deferred consideration to include more shares at a later date (would the vendors trust management can deliver??)
6) Convince vendors that by year end they will have the cash to get paid

Option 6 seems the most practical, supported with Director loans if necessary.

What does seem apparent is that retail investors have failed to recognise the near term risks and are focusing on the longer term outcome. That's all well and good if you trust management.

[mister md] 18/10/2019 08:08

wheres gingernuts and the PR crew? Are the vendors a bit miffed at the current shareprice and the fact cash is at 0.1 ?

[gingernut1] 06/10/2019 19:25

“Toulouse Evènements SA, France
The Company is pleased to announce that its wholly owned subsidiary, Brick Live International Limited has entered into an agreement ("the Agreement") with Toulouse Evènements SA ("Toulouse Evènements"), a major events company, registered in France, with event venues in Toulouse, France.
 
Toulouse Evènements is a wholly owned subsidiary of GL Events, one of the leading international providers of integrated event services and solutions with over 40 years' experience and a network of 50 venues in France, Europe, South America, Asia and South Africa.
 
Under the terms of the Agreement, Toulouse Evènements will stage and promote a BRICKLIVE show, featuring BRICKLIVE Animal Paradise and BRICKLIVE Ocean, at the Parcs Des Expositions, Toulouse, which GL Events have already begun to promote and tickets are now on sale.  BRICKLIVE International will provide the content, GL Events will provide the venue with both parties sharing in the economics of the show, after costs, on an equal basis.  This BRICKLIVE Show will be held between the 19 and 27 October 2019 and will be the Group's first show in France.”

Worth checking out their credentials

hxxps://www.gl-events.com/fr

This marks a change in commercial relationship too, with a 50/50 profit share. GL Events were so keen to get going they were advertising this weeks ahead of the announcement. They have control of a lot of big venues across not just Europe, but right across the world.

[gingernut1] 06/10/2019 19:18

Well thanks for your concern mate, but pretty confident with the progress that is being made as reported via regulated information. You are getting desperate posting every 5 minutes on a share which you have apparently no financial interest in. Readers will note your selectivity in posting info and that you have been exposed for posting false info.

I certainly wouldn’t like to have a short position open this week as it could get pretty sweaty 🥵🥵🥵🥵

[mister md] 06/10/2019 19:12

not short, but seriously too high risk this for going long

28m marketcap
0.1m cash
avoid imho


good luck with it though, keep up the nice PR

[gingernut1] 06/10/2019 19:12

BRICKLIVE The Snowman™ and The Snowdog BRICKLIVE Tour, Banham Zoo, UK
Following the announcement on 3 September 2019 regarding our agreement with Snowman Enterprises Limited, the Group is delighted to announce that the first The SnowmanTM and The Snowdog tour will be exhibited at Banham Zoo, UK from 29 November 2019 to 5 January 2020.

Less than 3 months flash to bang. That’s pretty amazing. The rate of progress is accelerating

2017 18 events
2018 34 events
2019 65 events booked with more expected to be added.

[darola] 06/10/2019 19:10

You missed this bit out Mmd. Selective use of reported information to fit your “short” agenda.

“I'm delighted to report the full operational integration of Bright Bricks Holdings Limited ("Bright Bricks") into the Group has now completed and our internal processes have been streamlined. The Board believes that following the integration of Bright Bricks, the Group is now one of the largest and most significant brick-based companies in the world.”

So as pointed out those are one off costs.

[gingernut1] 06/10/2019 19:03

Nice try mate, but integrating Brightbricks into the group has already taken place, they don’t need to do that twice. Well on track to meet their expectations, and IMO exceed.

Valuation conclusion
On the basis of our compco valuation analysis, we believe an appropriate valuation range on a one year view for Live Company is 73p – 89p. The lower end of this range is based on the average of the FY21E implied valuations, including the drag effect of the EV/sales metric. This underpins the shares and their future prospects on a similar relative valuation to the compco group, and suggests downside risk should be limited from their current trading level. The top end of our valuation range is pitched at the upper end of the FY21E valuations. We believe that newsflow on new business gains, with existing or new clients, will be viewed positively by the market, as it will increase investor confidence and reduce perceived risk relative to future earning s. This in turn could push the shares towards or indeed through the 100p level, reflecting the valuations implied by the application of the FY21E metrics of our selected high growth compco sub-group. Conversely, negative newsflow could have an adverse impact on sentiment and share price with downside risk below our valuation range.

Nobody with zero financial interest in a stock spends all weekend posting on a bulletin board for altruistic reasons. Must be sweating with that short position open 🥵🥵🥵🥵

[mister md] 06/10/2019 18:55

"The absorption of Bright Bricks Limited into the Group had a significant impact on overheads, increasing to GBP1.9m (1H 2018: GBP1.4m). " (thats just 1st half)

"As of 24 September, the Group had GBP140,000 of available cash."

28m marketcap
0.1m cash
avoid imho

[gingernut1] 06/10/2019 18:33

“Full year results weighted to second half, with majority of the larger BRICKLIVE shows, including the Group UK flagship show at the NEC, held in the second half of 2019

Revenue of £4.8m for 2019 already secured from shows and builds, with a further £0.4m of fixed fee contracts for 2019 currently out for near term signature. This excludes the majority of revenues from the Group's flagship NEC show and other upcoming BRICKLIVE shows for 2019 where the Group receives a share of the profits

Group has been trading EBITDA profitably since Q2 and in line with expectations

The Group has good visibility going forward, with a strong pipeline of events, with forward contracted sales of £2.3m for 2020 and £0.75m for 2021 already in place

63 events secured for 2019, against a projected target of 60, with further events expected to be contracted before the year end

The Group has invested heavily in expanding its asset base in the year to date and, with the integration of Bright Bricks, the Group now has Increased the number of touring shows from 9 to 15, ahead of schedule, expanding the Group's ability to host multiple shows and events at the same time”

Not only is this expanding rapidly, but they are hitting (or exceeding) all their targets. The latest IP for the snowman was announced, the set was booked, They are building it and will have it delivered to the first rental at the end of November. Less than 3 months from flash to bang. These guys are not hanging about.

[gingernut1] 06/10/2019 18:17

Go and listen to the recent podcast mate and some of the more recent ones, the Chairman is telling you there is big news coming And he was clear in his parting comment that news would come pretty soon.

When you are on the phone to the FCA don’t forget to tell them about you posting false information will you 👌

[gingernut1] 06/10/2019 18:15

I think that Mark Freebairn, a respected Financial Director who put in circa £250,000 in February is a more reliable indicator of the state of the finances of the company than some random poster on an anonymous bulletin board that has already been exposed for posting false information.

better close that short position mate, its gonna get awfully sweaty this week.

And you can get help for your ancient gripe with DC.

[mister md] 06/10/2019 18:14

and whats this big news you guys are refering to ? Not 'inside' stuff I hope, the FCA would be keen to know ...

[gingernut1] 06/10/2019 18:11

Now you really are looking desperate. Mark has warrants, which means that he participated in the placing in February.

Posting more false information. It’s not a good look mate.

[mister md] 06/10/2019 18:11

it does look like the short of the century, but I prefer to go long on decent stocks, though others might like your suggestion to go short

[mister md] 06/10/2019 18:08

MarkFreebairn, their new NED and a well respected financial director in the city has invested in circa 500,000 shares and joined the Board last week.

did he pay for them ?