Live Share Discussion Threads

[mister md] 22/10/2019 15:10

gingernuts:
"...at the lowest share price in almost 20 months"

Now I wonder why that could be, are you saying the market has priced this wrongly ?

36 M marketcap vs 0.1 M cash - I reckon the risks are more to the downside, but that doesn't match your P.R. story I suppose ...

[richie32] 22/10/2019 14:04

Derampers usually a good signal for an share price rise.

[gingernut1] 22/10/2019 13:55

Some advice from Michael at shifting shares

“The other side of stock market tipsters is those that want you to sell. I find it incredibly hard to believe people actually bother to try and convince others to sell so they can then buy in cheaper, but they exist. It would be less effort learning to trade but they don’t seem to ever grasp that. You can find some of these dopes on bulletin boards where they keep coming back weekly for years on end, where they pretend they are altruistically trying to stop other private investors losing money. Perhaps they lost money once and are now bitter. Perhaps they are short. Perhaps they developed a weird fetish for the stock and keep coming back. Some of these can be credible and convincing, and some of them may even have a modicum of truth to them – but do not let them get into your head without good reason. If you do, they are robbing you of a learning opportunity. You will only learn by making your mistakes. It’s OK (and encouraged) to hear the bear case, but do not let someone else sway your mind unless it is fully your decision. Many of the people who frequent bulletin boards to talk stocks down continuously are losing traders who, quite literally, have nothing better to do, and so most can be dismissed without further thought.”

Its not even as if some of the dense posters on this board are even making the bear case. Just trying to mislead, and doing it badly. Its not going to end well for anyone who opened a short at the lowest share price in almost 20 months, especially with all the news in the pipeline that is being indicated by the company. With such a small free float, this could go very badly wrong for the shorters (who will already be 40% down)

[gingernut1] 22/10/2019 13:49

“Mark has a significant amount of experience with AIM quoted companies in London and his appointment will complement the existing experience of the Board. He began his career with Martin Ward Anderson, as a graduate trainee, and went on to become one of four directors of the company from June 1995 to January 2003. Mark is currently a Partner and Head of the Financial Management Practice of Odgers Berndtson, an executive search company based in London. Odgers Berndtson's Financial Management Practice appoints Finance Directors and CFOs across all sectors in a range of businesses, both public and private, and is a leader in its market niche. Mark is also a member of the Board and CEO Practice at Odgers Berndtson, which specialises in searches for non-executive directors.

He is a member of the ICAEW Corporate Governance Committee. Mark previously held non-executive director positions with GlobalData Plc from July 2009 to April 2017 and Progressive Digital Media EBT Limited from November 2009 to December 2013.”

Looks like a very switched on guy to me. 👌

[gingernut1] 22/10/2019 13:47

Wonder what is was the make Mark Freebairn, a very respected Financial guy with Odgers invest in this in February? He holds 455,252 shares most of which he bought at 65p and has options on another 480,000 at 80p. I’m guessing that he knows exactly what he is doing. Good to see him joining the Board too on the Remco, something that he would be unlikely to do if he wanted to offload his holding.

[gingernut1] 22/10/2019 13:44

Mate, how dense are you, you do realise that the 504 of 504 is the total post count on this board

[mister md] 22/10/2019 13:42

whats wrong with asking a question ?

Congrats on your 501st post. And all of them on LVCG! Not suspicious at all ;) Multiple IDs on this site are a sure sign of someone with something to hide

[gingernut1] 22/10/2019 13:41

Mate, you really are a bit dense. The number of posts that I have made is not 500, just more misleading information. I have nothing to do with the company aside from holding an investment with them, plenty of people will vouch for me. You see its entirely reasonable for someone who holds an investment to post information about the thing they are invested in, people undestand that. Whereas for someone who claims to not be invested and not to have any financial interest in a share to post misleading information, I think that they can see right through you. You must be really sweating, time to close your short mate before it costs you dearly

[mister md] 22/10/2019 13:34

Congrats on your 500th post. And all of them on LVCG! Not suspicious at all ;)

[gingernut1] 22/10/2019 13:30

Not shorting and not invested. Kind of a strange way to spend your time isn’t it

[mister md] 22/10/2019 13:29

It's lose, not loose. And no, I'm not shorting this.
But keep focussing on revenues, you'll find out over time that operating profits and cashflow are the things you should have been looking at instead. Then again, you're a PR person with no holding so what difference does it make to you anyway ...

[gingernut1] 22/10/2019 13:25

You must really be sweating mate, to post on a share you are not invested in, time to close that short before you loose a serious amount of money.

They are well on track to achieve the results set out in the brokers note, which has an underpinned price well above todays level. What will be interesting to see is if they beat those targets that have been set out.

Given that they were on track with just 52 events in the bag in the summer, now this 67 events and the merchandising and sponsorship to take into account too, they could easily smash those targets. 11 events around the globe in the next two weeks and the revenue form those available fairly quickly 📈📈📈📈

[mister md] 22/10/2019 13:20

golf,kpop, lego bricks... all good fun, but its Operating Profits and CashFlow that need to come in here and we'll see how that goes versus that 36 M marketcap .

[gingernut1] 22/10/2019 13:16

Must be sweating with that short MisterMD

Time to give up you 5 year old grudge, you do know that this is a completely different company based upon bricks not golf?

Cash is increasing and the revenues are weighted towards H2 and they are well on track to make their targets

Let’s just examine what is being said about their targets for this year, and I’m using figures that they have had to clear through the Nomad so will have been checked.

From the trading statement date 5 July 19 “At the halfway point of the year we continue to make encouraging progress with sales and have successfully secured 67% of our revenues for 2019 thus far.  Enquiries remain strong for the Group's touring assets and it is my belief that we will exceed our current target of 60 events for 2019, with 52 events already confirmed and several more in the pipeline.” “The Group is pleased to announce that, as at 30 June 2019, the Group is trading in line with market expectations and the Group has already secured multi-year contracts with a value of £4.4 million for 2019”

If you calculated it, if £4.4 m is 67% of the target, the target is £6.55 million as per stated in the shard brokers note. And note that the forecast target is based upon 52 events.

From the H1 results dated 30 Sep 19 “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”

That means they have now achieved 79% of their target, which reconfirm that the target for this year of £6.55 million is well on track.

Number of events has increased now to 65 with more planned (if you search properly you can see another 2 events to be added to the target)

In 2018 they increased revenue by 127%. In 2019 They are well on track to increase it again by at least 27%.

[mister md] 22/10/2019 13:07

Yes, absolutely tiny recovery considering start of year prices of 60-70p

[darola] 22/10/2019 13:05

Mini share price rise? You think >40% is mini?

[mister md] 22/10/2019 12:45

"it could also prove attractive to a trade buyer, albeit more over the medium- term in our view when a track record of rising profitability becomes more established."


there lies the problem though, right ? The massive amounts of cash raised have already whittled down to 0.1m

I see the mini shareprice rise on low volumes is already fizzling out ?

Nice bit of fun with lego models but not a long-term investment imho

[researchmonkey] 22/10/2019 07:38

I think there is a significant UP going on here. One Institutional investor for example joining - who also believes that a purchase by Lego is in the offing coming on board to catch the wave. Someone like Odey I would guess.

What might Lego buy at if that were to happen? £1.20? 60 pence in the next 10 days is conservative. Let’s see how this plays out. But I am doubling up now.

[nobbygnome] 21/10/2019 15:48

And up some more. I can just imagine Jack getting angrier and angrier as all his money disappears.....

[nobbygnome] 21/10/2019 15:41

Yes the shorters must be feeling the heat here. Have you closed yet Jack?

[gingernut1] 21/10/2019 15:12

Phew it’s getting hot 🥵

Wouldn’t like to have a short position open at 41p as someone did on Friday.