Live Company Group – operational update, cost savings for “working capital requirements”?
By Steve Moore | Thursday 5 January 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Events and entertainment group Live Company (LVCG) has issued an ‘operational update’ emphasising its belief in its multi-divisional strategy and that during 2022 “the K-POP division added a new event, the StART division added several new events in new territories including Korea and South Africa, LCSE confirmed the FE race and BRICKLIVE added shows in new locations and hosted its first event since 2019”. So why a current share price response approaching 10% lower at 2.75p, a £6.7 million market cap?
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