Live Share Discussion Threads

[mister md] 11/12/2019 20:32

Still a whopping 19 m marketcap currently, and loan update to be expected

[pugugly] 11/12/2019 10:56

et another year low in place - Looks like JakNife has called it correctly but only time will tell if the nut comes from behind - or maybe the election result wil over shadow everything - Have fun..

[mister md] 11/12/2019 10:35

going well here I see ...

[gingernut1] 05/12/2019 12:10

Lol nice try mate, but you are not getting any equity issued at all. Maybe back to your misleading people that they only get £70k a year for one of their large touring sets. PMSL.

[gingernut1] 05/12/2019 11:48

You are not just not getting any equity issued at this price mate, that’s crystal clear. Very soon the massive growth they are planning, coming on top of the massive growth we have already seen will be clear. Maybe you will try and mislead people again about the touring set revenues.

[gingernut1] 05/12/2019 11:37

“The economics of the Zoo touring assets are highly compelling. A large set of assets typically takes three months to build and costs around £300,000, of which steel, which provides the core support of the structures, represents almost half. Specialist bricks, not necessarily held in stock at Bright Bricks, also represent another significant cost, with around 4,000 different types of bricks used to create the Zoo assets. Assuming a theoretical 100% asset utilisation, which cannot be achieved in practise, each set of touring assets could yield up to an estimated £600,000 of revenue per annum at peak rates and a gross profit, at an 80% margin, of £480,000. This equates to an annual return on investment of 160% and a cash payback of seven and a half months. In reality, given the need to move these assets between locations, with cleaning and any routine maintenance also required, 100% asset utilisation is impossible to achieve. However with high demand and careful planning, asset utilisation rates of at least nine months are perfectly feasible.”

And they want to build even more touring sets to meet unprecedented global demand.

[gingernut1] 05/12/2019 11:23

Still no sign of that placing you have been waffling on about for 6 months.

The global demand is massive, and the company are continuing to expand rapidly. Once built, each touring set pays back that capital outlay in a couple of rentals. That’s a ROCI of greater than 100% in a year, then it’s an over 80% GP on each one for the next 10 years. They already have 16 touring sets, maybe even 17 by the end of the year. At circa 250,000/300,000 a year from each set the growth in profits is clear too.

[gingernut1] 05/12/2019 09:59

This company is growing ever faster by the week. Looks to me that they want to accelerate building these models even more. They must have very strong demand to want to do that. Any one at the investors call would have heard a clear description of the process for commissioning a build given by Andy. They need to have the rentals booked, and have the cash and resources in place. That’s exactly what you want from an early stage business, ploughing all the cash back into growth. Looks like they want to grow even faster. And once a model set is built and paid for (normally within the firsts couple of rentals, its all mainly profit after that as they have a life of over 10 years.

[mister md] 05/12/2019 09:18

I think that anyone who has witnessed their share value plummet to 30p might be more than disappointed

[gingernut1] 05/12/2019 08:22

I think that anyone that was banking on their being more equity available might be a little disappointed.

[gingernut1] 05/12/2019 08:20

All LVCG have confirmed today that they are continuing the discussions. If they were going to convert the loan they would have done it by now IMO and they are clearly looking at a deal to accelerate the nickelodeon builds to satisfy the massive global demand that they are seeing.

[mister md] 29/11/2019 13:30

cash, as they say, is king

[carcosa] 29/11/2019 12:22

A mid day RNS...

This is the sort of stiff that happens when the company has no cash. Investors cannot say they have not been warned of this situation by several posters here.

In principle the company is effectively trading as a bankrupt business. I bet there are a whole host of unpaid bills we do not know about.

Company directors and management are going to have forgo cash salaries again. If I was Riverfort Global why on earth would I want an equity stake in the company, especially as they issue shares like confetti, diluting any holding.

"GBP704,250 of principal and interest remains outstanding"

"by the 4 May 2020 by the Investors, such outstanding amount must then be repaid in full and in cash by the Company"

[mister md] 29/11/2019 11:58

more bricks to be issued to the thick as a bricks ? Investors must be bricking it.