It's pretty exciting / interesting and a company that's fun to be backing. Hard to quantify what exactly a deal like that would mean to Brag, I assume they essentially get to run the entire festival, fees being artists (would hope a %age fee), administration, staff, facilities etc.
70k - 100k people expected to attend, a ticket for the cheapest day on Moshtix is like $146, if there's 70k attendees that's like $10.2mil in ticket sales based on avg price of $146...? Then camping fees, refreshments and all the rest. I'm sure there's lots of profit to be made on an event like this.
I'm excited about this acquisition, it's a great fit - they can promote the other brands via TheBrag, and it is in itself a business with nice growth potential with the right people behind it. I think TheBrag is a decent chance of hitting the acquisition milestones, based upon my assumptions of this deal, which is a win for both the vendors and VNL shareholders.
Might even get some tickets, maybe a tax deduction - LOL.
https://www.moshtix.com.au/v2/event/byron-bay-bluesfest-2024/151382?ref=search_brand&gad_source=1&gclid=Cj0KCQiAwvKtBhDrARIsAJj-kTiu_axg-8sT9CoFYhbI0O8gL-ye50vCoGIjM9vBa2Cx0czBlGfQI9caAqkqEALw_wcB
It's pretty exciting / interesting and a company that's fun to...
Add VNL (ASX) to my watchlist
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $125.8M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.0¢ | $4.15K | 28.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 124029 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 10409 | 2 |
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| Last trade - 11.28am 10/05/2024 (20 minute delay) ? |
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Last
14.5¢ |
Change
-0.005 ( 3.33 %) |
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| Open | High | Low | Volume | ||
| 14.0¢ | 14.5¢ | 14.0¢ | 8465 | ||
| Last updated 11.14am 10/05/2024 ? | |||||
| VNL (ASX) Chart |