Live Share Discussion Threads

[pugugly] 08/11/2019 18:30

Oh dear someone needs to go back to school. Discussion
"the action or process of talking about something in order to reach a decision or to exchange ideas.
"the proposals are not a blueprint but ideas for discussion"

a conversation or debate about a certain topic."

Absolutely clear - No agreement or settlement at this time -

KakNife 10/10 - The Nut - E- in English comprehension

[gingernut1] 08/11/2019 17:10

hxxps://www.voxmarkets.co.uk/rns/announcement/332f17c4-1eae-4aad-83a6-0761be58b551/

“.......settlement of the deferred consideration of, in aggregate, £0.833 million, due today, through the issue of new ordinary shares.”

And also....

hxxps://www.voxmarkets.co.uk/rns/announcement/af1a2305-11ed-4146-a3e6-a2d11eb880b3/

“The Company is also in advanced discussions with the Bright Brick vendors regarding the deferred consideration due in October 2019, relating to the Bright Brick acquisition completed in October 2018, being settled through the issue of new ordinary shares and we will keep shareholders updated in this regard.”


It’s there in black and white mate, they even said it in two different RNS so its pretty clear.

[mister md] 08/11/2019 14:55

hope this paid-for PR is not costing the company too much,
meanwhile the selling continues ... 39p on the bid

[gingernut1] 08/11/2019 13:48

Nice try sunshine but the Nomad cleared rns says it will be settled in shares.

[mister md] 08/11/2019 13:37

Yes, obviously they don't have the cash - but the delay seems to indicate they aren't too keen to receive in new shares ?

[mister md] 08/11/2019 12:55

why are these discussions taking so long ?
@ 18th Oct.
"the Company continues to be in advanced discussions with the vendors of Bright Bricks Holdings Limited regarding the settlement of the deferred consideration of, in aggregate, GBP0.833 million, due today, through the issue of new ordinary shares"

Even if ginger's numbers are to be believed its still trading on a crazy high p/e ratio. And potential investors are advised to await info on cash levels (they raised millions but only had 0.1m left at last results) DYOR !

[gingernut1] 08/11/2019 12:02

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 £6.555 million is well on track.

Number of events has increased now to 70 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 23%.

Turnover £6.555m a 23% increase
Gross Profit £4.235m with a 64.6% gross margin
EBITDA £1.108m
Operating Profit £0.538m

[gingernut1] 08/11/2019 11:51

Nice try again jacKnife, but he expectations are clear

Turnover £6.555m a 23% increase
Gross Profit £4.235m with a 64.6% gross margin
EBITDA £1.108m
Operating Profit £0.538m

And further indications yesterday that the USA is about to take off, with the franklin institute.

You must lead a desperately sad life, but good luck to you mate, you will need it as you are going to be proved wrong (yet again)

[gingernut1] 08/11/2019 11:20

Also a point clearly made at the investor call on 2 Oct, which had the Nomad there. You would not have been at that as you are not an investor.

One thing for sure, I will never come round to your point of view, if that means sitting on a bulletin board of a share you are not invested in an peddling falsehoods. But good luck to you mate, I’m sure that there is something better you can be doing with your time, or maybe not 👌

[gingernut1] 08/11/2019 11:15

I'm very excited about the opportunities that the remainder of 2019 and 2020 will bring and, with the Group trading in line with expectations, I'm confident for the overall outcome for 2019."

And the expectations

Turnover £6.555m a 23% increase
Gross Profit £4.235m with a 64.6% gross margin
EBITDA £1.108m
Operating Profit £0.538m

[gingernut1] 08/11/2019 10:56

Lol nice try jacNife, so its not a placing now, LMFAO. The figures are very clear. In order to hit the numbers they say they are on track for, which is a statement verified by the Nomad who is a lot more trustworthy than you, they have enough cash and revenue to grow organically.

Turnover £6.555m a 23% increase
Gross Profit £4.235m with a 64.6% gross margin
EBITDA £1.108m
Operating Profit £0.538m

New partner announced in SouthAfrica this week, company is getting bigger by the day.

[gingernut1] 08/11/2019 07:20

JacNife

You have been saying that a “placing is coming” for many months now. I couldn’t be bothered going back that far but on 6 June you said “£70k gross revenue from each zoo” per annum. You also said “won’t be long before LVCG needs to place again” You repeated this on 17 June “A typical zoo deal brings in revenue of slightly north of GBP 70k". You said then “more funding would be needed” And yesterday you doubled down on that and said that they will need a placing before the end of the year.

As to your nonsense about £70k a year I have already unpicked that in previous posts. LVCG are expanding at a massive rate and have clearly stated that they are anticipating renting 3/4 sets in the USA next year and they will get millions in revenue for that. Anyone researching properly will see emerging evidence that they are landing the deals in the USA to fill those rentals already.

As to the expectations for the end of the year, the Chairman has now made it clear on a number of occasions that they will hit their end of year numbers (I personally think they will exceed them). They have just finished delivery of 6 x bricklive events around the globe in the last month. That means they had sufficient cash, resources and assets to deliver those events and they have the revenues roiling in as expected. All those events attracted over 85,000 people, with Birmingham exceeding last years numbers, Liverpool getting a 33% increase in visitors to their exhibition centre compared to other events, and Germany operating at capacity. All the events were confirmed as being profitable. What this means for the company numbers at the end of the years is that they will hit:

Turnover £6.555m a 23% increase
Gross Profit £4.235m with a 64.6% gross margin
EBITDA £1.108m
Operating Profit £0.538m

So not only do they have the vanity of increased turnover, they have the sanity of profit, and they have sufficient cash so will be kings :-)

[gingernut1] 07/11/2019 13:35

Indeed pugugly, and this company is on track to meet its revenue and profit targets this year. This was confirmed by the chairman just yesterday. They are also trading profitably and have been since Q2, which means that they are on track to make an actual profit this year. Their cash position was increasing too as laid out in the H1 report, and with revenue weighted to H2 as clearly stated they are managing the cash fine too. All that can be clearly seen.

[davr0s] 07/11/2019 13:32

I'd be careful taking advice from shiftingshares. He admits himself he's only been trading for a short time and seems to be mainly focused on selling education. I've been technically trading an awful lot longer than he has and I wouldn't imagine touting my wares as my focus is on my process and making a return. Anyhow for what it's worth I see no trade here atm - there is an awful lot of overhead supply to work off so any rises will likely be sold into. Not saying it can't go a long way up but if you bought 100 similar situations like this you would lose. It'll be an unpopular view but if you go over literally thousands of similar situations you come to recognise what happens

[mister md] 07/11/2019 13:30

And for companies with low cash balances its converting that profit into cash which is absolutely essential ...

[pugugly] 07/11/2019 13:23

JakNife - Impossible to educate some on these boards - your incisive examination of the accounts will be ignored by those who say "Do not confuse me with facts - My mind is made up"

Even by using a sledgehammer some will never understand that REVENUE is useless without bottom line PROFIT.

As ascribed to the late Sir Jack Cohen when Tesco was just a small North London chain of self service stores "TURNOVER IS VANITY - PROFIT IS SANITY"

Forgotten every day even by those who believed that the SUN shone out of their nether regions. You cannot eat your CAKE in your WeWork office!! OK maybe, until the negative cash flow is noticed by your lenders, share holders or even HMSO when their assessments are not paid!!

[gingernut1] 07/11/2019 13:10

You pair spend an awful lot of time on a bulletin board for people who are not invested financially in a share.

Michael from shifting shares had some interesting things to say about people like you



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.”

[gingernut1] 07/11/2019 13:02

Basic maths jacKnife 🤔 You have already shown that you are not very good with the simple maths. Company confirmed only yesterday that they are well on track to meet their revenue targets for this year which is an increase of more than 20% from last year. That means that they will be in actual profit and will have more than enough cash.

You have been saying placing needed for months now and it’s not come to pass. Time to close your short while you have a chance before it gets too expensive for you,