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I imagine that you have been loading up over the last several days Adam, I certainly admire your courage but I would suggest that what is missing is profits not IR.
NGHTs potential profits, short of the Something Wicked Festival and Life In Color, are limited by Stereo Lives attendance capacity.
They own a 25 % interest in the Life In Color Shows and a Half interest in Something Wicked. I believe that Something Wicked is profitable and has potential to grow, I have no opinion as to life in color but I don't think that its profits, if it is even profitable at all, would be enough to seriously impact the bottom line.
Stereo Live can only hold a limited amount of paying customers and they are claiming that they are selling out every show already.
If they are truly selling out every show then they have to slash overhead or increase ticket prices to turn things around. Is that simple.
The first quarter results, which represented purely Stereo Live operations, with no festivals booking profits, has shown that despite A List DJs and talent that Stereo Live under the current model is not profitable.
Im still Long and still in the money but I am starting to grow weary and starting to have my doubts as to if this company can become profitable in the next several years.
NGHT profits are limited by Stero Lives
The question here is can NGHT make money with their Stereo Live Operation. The First Quarter results were almost purely Stereo Live Operations with out earnings from large festivals. The results were not encouraging.
If I'm them I'm slashing the talent budget and hiring more cheep local acts. These National DJs command preposterous fees. The local guys will plat almost for free.
As always its all about the earnings.
From SA regarding SFX
SFX is also cutting back on its small events to focus on higher margin, multiple day festivals.
Amazing Month of Events , may have to fly my son down to Texas on a Fact Finding Mission
http://www.eventbrite.com/o/disco-donnie-presents-and-nightculture-2379633644
I think they are forcing the Warrant holders hands myself. Which over the short term could send the share price further downward. Once they are flushed out they may cut (((((expenses)))) and rebuild their profitability. In the meantime Im pretty sure that they are having a blast. Pretty funny stuff.
I love it. Mike and his partner own a minority stake in the company(5 million shares), likely just gave themselves a big raise, and are running a club full of hot pussy.
God Bless America !!!!
Perhaps they should get rid of Stereo Live, just like Melt Down Festival and concentrate of the part of their business that's profitable, which appears to be just the Something Wicked Festival at this point.
Id love to know what those GA expensis are.
AMAZING NEWS !!!!!! Congratulations to Mike Long and the entire NGHT Team !!!!
Every one is awaiting sfxe earnings on the 15. Their stock is hardly moved all day.
I really want to see NGHT make it big time
As I've said before its all about the earnings, we will know soon enough. I wish all longs good luck. There are not any shorts.
NGHTs future is to synergize the Stereo Live customer base into Something Wicked fans and growing Something Wicked into another Ultra, and to expand their operations into other markets.
There is grate potential in the Something Wicked Show. Halloween is a huge holiday in Huston. Ive spent a Halloween in Huston and I can tell you first had that the entire city goes all out on Halloween.
Apparently DD Presents already owns 50 % of Something Wicked, I didn't realize that..
SFXE plans to completely dominate the EDM business on a world wide bases. AS they already own half of Something Wicked then they would only be buying the other half.
I personally don't think thy are interested in buying night clubs or food truck shows.
Th Something Wicked Fest is a potential take over target for SFXE, AEG or Live Nation if it grows and becomes hugely profitable. I don't think that SFXE would be interested in going into the night club business in Huston via Stereo Live and a leased Venue, if they were they could just buy the Venue right out from under NGHT.
They just bought the Venue right out from Under the Producers of Electric Forest when they refused their take over offer.
http://www.mlive.com/entertainment/muskegon/index.ssf/2014/02/electric_forest_a_breakdown_of.html
The Big money in EDM is in out door festivals, usually held in Urban Areas such as Electric Zoo held on Radels Island in NYC. Or The Ultra Music Festival held in Miami.
SFXE owns Ezoo, having bought them out last October. SFXE owns most every large EDM fest in the World at this point. With Fest in Europe, Brazil, Thailand, to name a few.
Urban EDM Fest are fraught with risk and many large municipalities are questioning where they want to even let them take place at all.
A security guard was trampled by gate crashers at Ultra and the Mayor of Miami was screaming for Ultra to be disbanded.
I personally think the future of EDM is in Camping Festivals where the fans can live amougst their own for 3 or 4 days on private property in an controlled environment.
SFE just bought the Venue where Electric Forest is held as well as buying a huge amount of land in Georgia to host Mystery Land.
In addition to Something Wicked, they also just produced the Huston Food Truck Fest several weeks ago.
If the Melt Dow Fest was a drain on cash flow then I would view it as a positive development that they cut their losses and decided to focus on their core business.
Very nice video of NGHTS Stereo Live venue, its much nicer than I imagined. If they can get control of this venue free and clear of encumbrances then it could prove to be a cash machine. Venue ownership and control is the proven way to profits in this sector.
http://stereolivehouston.com/venue/
I await the 1st quarter report and remain long and strong, truly hoping this goes to the moon. I am especially interested in the first quarter earnings because they produced no large festivals during the first quarter, so all earnings should b based on their "one off" shows at the Stereo Live Night Club.
With out any music festivals it should get us a glimpse into the question of how much money are thy making from Stereo Live and the other one offs that they are producing.
If NGHT shows positive earnings on the first quarter, which should show just earnings from their bar stereo live, with out earnings from Something Wicked fest, which was held in October 2013,thn we have something here.
Also what is the status of The Meltdown Music fest that they own ? It does not appear that they are going to produce Meltdown this festival season.
https://www.facebook.com/meltdowndallas
SKXEs Disco Donnie presents is partnered with NGHT simply because that's their method of operation. On any given week end DD presents will host, numerous partnered shows, in many different Venues.
NGHT and DD Presents both use EventBrite for ticketing, which makes transacting business for them easy.
DD Presents is a strong partner for NGHT, and their parent company SFXE is the absolute powerhouse in the EDM World.
Could there be a buy out, sure why not.
I don't personally believe the rumors of buy out talks , only because the writing style of the rumors on yahoo finance look to me like the same writing style of a poster here on investorhub who is the absolute most prolific bull poster.The same guy post under several different user ids, so he certainly has an agenda.
I'm a long and have been since .04, so Im all for his postings non the less.
Is NGHT under priced ??? I think NGHT is worth what ever some one will pay.
Both SFXE and Live Nation (LYV) loose money. Live Nation, the largest company of its type in the world, has a market cap of 4.3 Billion dollars and it rarely turns an operating profit. SFXE has yet to turn a profit at all.
NGHT is profitable and in a very sexy industry, if they can grow their business buy adding Festivals and shows beyond the Huston market they could experience explosive growth.
There is no way my broker would actually loan my the stock to short and I doubt that many brokers would or could loan it out for a short. In addition anyone would be insane to short a nano cap to begin with.
Sorry I see that you guys have already commented on this development but it is main stream press and GREAT NEWS !!!!
Did you guys see SEEKING FREEKING ALPHA !!!!!!
http://seekingalpha.com/article/2190373-night-culture-the-best-little-edm-house-in-texas
Nice Day, congratulations to all shareholders.
Eventually they will flush out if their warrants and toxic financing. It's a good entry point when they do. On fact I suspect that the warrant holders will mount their own or campaign to pump the stock themselves.
These guys will reach what we call critical mass soon. They are putting on show after show and doing things right. I love their social media campaign. You can't put on a Life in Color Show with out allot of cash or a good line of credit with SFXE who owns Life in Color. The show looked amazing. The young up and coming DJs will line up to work for free for these guys just to get a chance grace the stage with the likes if Adventure Club. Hey guys when are you going to Book The Peg Board Nerds ????
These guys are producing beautiful amazing shows although I am certainly disappointed in share price performance since the annual report.
I think that they are currently under priced and Im holding my shares.
I have always viewed NGHT as a possible model for taking a music festival business that Im affiliated with Public, and was hoping for a big run up in share price so I could report it to our board.
They seem to be doing everything right, they are partnered with knowledgeable people, they obviously have a strong line of credit with DD presents so if they can manage to keep enough cash on hand with out going into further debt I think its only a matter of time before we see strong results.
If the owners read this, We would love to talk to you guys, maybe we can do a joint venture. We are a Florida based highly regarded venue and festival production team. Number one rated Halloween EDM in the Country for 2103 as well as many other festivals during the year. Good Luck Guys !!!! Drop me a PM !!!!
The report on Monday will tell us everything we have to know. I wish good luck to NGHT management. In the meantime Miami's mayor has called for the ULTRA festival to be shut down and a security person is in critical condition that was trampled by the crowd. Drug fueled EDM Fest are laden with risk.
SFXE share price was decimated after huge earnings miss and a conference call where an analyst questioned the sanity of CEO Robert Sillerman.
NEW YORK (TheStreet) -- SFX Entertainment (SFXE_) is tumbling on Thursday after reporting fourth-quarter earnings and sales below analysts' estimates.
By midday, shares had slid 8.2% to $7.07.
The festival and live-music organizer reported a net loss of 48 cents a share in the three months to December. Analysts surveyed by Thomson Reuters expected net income of 6 cents a share.
Quarterly revenue of $84.16 million fell short of estimates of $112.85 million.
Since its IPO in mid-October last year, shares have tumbled 40.3%.
Several Banks have issued a buy however sayig that sfxe is now oversold.
From you mouth to Gods ears Adam,
Let me ask you this. The 2 principal executives at NGHT only own 5,000,000 shares, the float is 17 million shares or so and the shares outstanding is 57 million shares.
Who or what type of entity owes the 35 million shares not covered in the insider share count plus the float ??
57-17-5 equals 35 million shares.
Are these 35 million shares owned by the owners of the shell that NGHT reverse merged into or are they owned by people who have loaned nght money ???
NGHT could be a buy out target for SFXE or possibly even AEG, whom is gearing up to buy out festivals and is currently in litigation with sfxe over the star crossed Electric Forest Festival.
If NGHT shows solid growth and profits with their Something Wicked Festival, then a buy out could happen.
SFXE and AEG are posturing themselves to buy up festivals before the other guy does it.
Its a 3 way battle royal pitting SFXE Vs. AEG Vs. Live Nation and little guys like NGHT are being bought out left and right.
Thats exactly what Id like to see. But until they get the call from Shelly Finkel its all conjecture.
NGHT Management I respectfully submit that we, your investors,dont care about SFXE and Live Nation earnings. We do care about NGHTs. Its February 28 where is our 4rth quarter report ??? Why have you not filed it ??? Show us earnings or losses but file a timely report.
NGHT is down 37.5 % from 3 months ago. Facebook lighks and giving cash away to charities is meaningless. Its all about the earnings as always. Show us a timely filed and profitable 4rth quarter 2013 and this stock should soar. Everything else is BS.
Im long and strong because I think that Wicked Oak was in fact profitable.
Show us the money NGHT management !!!!!
Looking forward to 4rth quarter earnings report.