Live Share Discussion Threads

[mister md] 02/10/2019 09:38

the shareprice seems to be telling the real story here...

[gingernut1] 01/10/2019 16:58

JakNife looking back at your history you said

6 June “£70k gross revenue from each zoo” per annum. You also said “won’t be long before LVCG needs to place again”

17 June “A typical zoo deal brings in revenue of slightly north of GBP 70k". You said then “more funding would be needed”

Yet here we are in October and the company has been trading EBITDA profitably since Q2, has a cash position that is increasing, and is paying off its loans. It is poised to make an actual profit this year, which for a start up company is pretty incredible, when some AIM companies never make any revenue never mind a profit. There is no sign of that placing you keep waffling on about, which would be because there is no need for one as the future growth is now being organically funded.

You have also misled people by saying that revenue from zoos is only £70k per annum, when its clear that a typical zoo deal, or indeed any of the 15 touring sets that they now have (16 by the end of the year), brings in revenue of well over £200,000 for a typical rental of 4 months.

We also have a global corporation, Nickelodeon, that is so impressed with the product that they are prepared to trust LVCG with their most valuable IP (Pawpatrol, NickJR and spongebob) for a 5 year deal (not just a one off) and who are sponsoring the forthcoming Birmingham Bricklive show.

The company are expanding everywhere, but especially in the USA, Europe and Asia which are the most profitable regions. Wherever they tour, they always get more visitors than they expect e..g in Monacco last Christmas they had 11,000 visitors when they expected 5,000 and the recent small tour in Japan had 19,000 visitors in 4 weeks. Zoos are reporting an increase in footfall of over 30% and over 50% in some cases which makes brilliant business sense for them. That’s why there is such a high demand for these touring sets. Well established in the UK Zoos now, they have their 1st Zoo signed in the Netherlands, and now have their 3rd Zoo signed in the USA.

But good luck to you mate. Kara always catches up with people.

[gingernut1] 01/10/2019 15:46

Ooh and paying down the loan during that period is a tad inconvenient for the story you are trying to spin too. Why would they pay that down if they desperately needed cash?

But good luck to you.

[gingernut1] 01/10/2019 15:45

Nice try jakNife

The cash position increasing is a little bit inconvenient for you I can see that. As well as them trading in line with expectations, which means that they will end the year in actual profit. The cash will come from the £6.55m revenue that they will take for the year. It’s all there in black and white, indeed they have already booked £5.4million in revenue which is 79% of their total for the year.

But good luck to you with your fantasy that they need further funding.

[gingernut1] 01/10/2019 14:51

And yet the cash balance increased from 30 June to 24 September by £30k and as clearly stated the “Group has been trading EBITDA profitably since Q2 and in line with expectations“

Expectations are per the brokers note issued by shard which shows turnover of £6.55m a GP of £4.235m and EBITDA of £1.108 and an actual profit of £0.538 m. If they were not on track to meet those then the Nomad would have not allowed them to have published that.

And the vendors wanting an additional £833.000 of shares at 65p is a very clear signal that they see value in the business at that level, not at the current share price.

[croasdalelfc] 01/10/2019 12:21

And why not take the cash and buy shares at 40p - let me guess

[gingernut1] 30/9/2019 17:01

Lol nice try guys, but how wrong you are.

The company are not just cashflow positive but cash profitable from Q2 as clearly stated in the interims. That can also be seen in the fact that the cash balance is increasing and they are paying down their loan. No fundraising required.

As to the Brightbricks deferred consideration, the RNS of last year makes it clear that the vendors have the option of taking this in cash or in shares at the placing price of 65p. Why would they take £833,000 worth of shares at 65p if they did not see significant value?

[mister md] 30/9/2019 08:26

at least the Mrs is no longer on the remuneration committee

[carcosa] 30/9/2019 07:59

MMD, Probably explains why London/Italy property is no longer being rented out (although used) and 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.

[mister md] 30/9/2019 07:08

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

yikes. fundraise coming? glad I never invested in this since parallel media fiasco

[researchmonkey] 20/9/2019 14:09

My crystal ball has a prediction “The Lego family will buy LVCG.” Just as Lego bought the Merlin group so as they had full control of the relationship between Lego and Legoland. Lego will buy LVCG so as to control and own the communication of the brick brand.” It fits with the strategy.

[clocktower] 23/8/2019 14:45

What is that, a holiday home for the click in Italy?

[noujay] 23/8/2019 14:18

That's a pretty poor update.Renting his houses out?!

[thewheeliedealer] 26/7/2019 21:50

Hi all,

I recently wrote a Blog about why I have bought a little bit of LVCG and I thought you might find it of use,

Cheers, WD
@WheeleDealer

[mister md] 05/7/2019 08:30

not much growth vs 2018 figures then?
cash position is ?
marketcap far too high vs turnover, especially if still loss-making (from 2018: Overall the Group's total loss was GBP2,610,000 (2017: loss GBP5,440,000). The exceptional items included transactional costs of GBP1,033,000 which is further explained in Note 7.)

Seeing many similarities with the old Parallel Media Group days - lots of positive talk, lack of clarity on the figures/cash position etc Won't be repeating that costly mistake IMHO DYOR etc

[drmaccers] 05/7/2019 07:12

we will exceed our current target of 60 events for 2019, with 52 events already confirmed and several more in the pipeline

[john henry] 16/6/2019 21:22

I notice tidy2 ( filtered) has posted just before bedtime, school day tomorrow.