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/vt/ - Virtual Youtubers

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43302959 No.43302959 [Reply] [Original]

Cover has 54.7 MILLION USD of cash and deposits on the books as of end of Dec 2022. The main liability is 34.0 MILLION USD of advance payment of merch etc. Or to put it another way fans have loaned Cover a cool 34 mil for about six months, interest free. Aren't preorders great?

By the way the IPO will raise about 7.9 mil at 1.5 mil share offering and the 710 yen starting price. Additional shares from investors don't give any money to Cover.
Anycolor's IPO price increased from 1530 starting price to 4810 at market open, or 314%, most of that through the bidding process. If Cover's bids up the same percentage, it will open at around 2230 yen and net about 24.9 mil USD raised. Or less than half the cash they have on hand already.

I hope that money is being saved up for HoloFes and the studio, because holding a cool 75-100 mil by the end of FY2023 is kind of crazy.

>> No.43303081

Who fucking cares holobronies, go back to your shit global

>> No.43303210

>>43302959
uhhhh brony AC's stock hit 7.7k yen day one

>> No.43303249
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43303249

>>43303081
Back to your /asp/ cuckshed Indieshitter.

>> No.43303289

>>43302959
>I hope that money is being saved up for HoloFes and the studio
It is for the studio. It literally the whole purpose of their IPO

>> No.43303335

>>43303081
>holoboard
seethe harder.

>> No.43303344

>>43302959
I hope they burn it all on their vaporware game so that they are forced to release a predatory gacha to save the company

>> No.43303411

>>43302959
THE NUMBERS ANON WHAT DO THEY MEAN!

>> No.43303781

>>43303344
They should make a gacha regardless. It's a step up from just giving money away for 0% reward.

>> No.43304063

>>43302959
The only reason there's a brain in my head is to stop my skull from caving in naturally. I'm to dumb for this and all the numbers scare me. What does it mean?

>> No.43304098

>>43303081
holoboard
holothread
seethe about it

>> No.43304177

>>43304063
basically cover rolling in money and most of that money is in the form of preorders

>> No.43304388

>>43304177
You just made me remember to preorder my Goomba daki.

>> No.43304492

>>43302959
hey don't steal my post verbatim, I keep it contained to /#/ for a reason

>> No.43304497

>>43304177
Thank you. How does that work? Is that money they're allowed to spend? Or do they just sit on it until people got their stuff?

>> No.43304583

>>43304492
Anything you post in /#/ can and will be smeared all over the catalogue if it's deemed interesting enough

>> No.43304654

>>43302959
How's their income statement? 20 mil in nonobligated cash isn't that much for a company of this size with such an unstable revenue stream.

>> No.43304710

>>43304497
If the company is run competently they parcel away what they expect the preorders to cost to fulfill and can do what they want with the rest
When I say parcel away often that means they can put it in safe short-term investments and earn interest from it..
For example say they were paid 30 mil, the preorders likely only will cost 20 mil to make, they save the 20 mil and use it to pay for making and shipping the merch. They are free to do what they want with the other 10 mil.

But there are no rules. That's why so many kickstarters fail to deliver.

>> No.43304855

>>43302959
So for what was seemingly a global phenomenon that has had immense success for 3+ years...isn't ~55 million kind of a paltry amount? I dunno, I don't think I was expecting a billion dollar company but I think I was expecting a few hundred million. Is vtubing really that much of a niche that even an overwhelming success like Hololive is a modest company compared to others?

>> No.43305505

>>43304855
that's cash on hand bro, not total lifetime earnings

>> No.43305674

>>43304710
Ah, makes sense. Thank you. I hardly know anything about businesses so this is all very confusing to me with what all the anons have been posting lately.

>> No.43305863

>>43302959
>holding a cool 75-100 mil by the end of FY2023 is kind of crazy
My company's revenue was 59.3 billion USD last year
100 million really isn't a lot anon..

>> No.43305909

>>43305863
did they keep all of that on hand and sit on it like a dragon?

>> No.43305991

>>43304855
They're still effectively a small company in many ways. Neetbucks are not as good as industrial equipment sales.

>> No.43306411

>>43302959
kinda cute how (some) anons only read cover beeg numba
by reading just the first paragraph you would know op is not exactly pro hololive but that's just too much for them

>> No.43306598

>>43302959

Go back to wallstreetbets you redditfag

>> No.43306887

>>43304855
You must be on high number drugs to think that first off this is cash on hand which is fucking ridiculous since we know cover invests a lot into there business

>> No.43306919

>>43306887
>since we know cover invests a lot into there business

>> No.43306938

>>43304177
Preordering 5 Gura dakis right now.

>> No.43307810

>>43306598
nijiseethe

>> No.43307856

>>43302959
>Or to put it another way fans have loaned Cover a cool 34 mil for about six months, interest free.
The place I work has a similar thing. We take in payments from consumers for [thing] and we pay out to the merchants monthly, or quarterly, so we float a lot of money. As I understand it, it goes into a special kind of account for businesses with this exact situation, and we get something like 2% on it. Not enough to keep up with inflation, but better than having it in a business checking or savings account.
The "financialization of everything" is real, but it isn't always negative. We aren't a big company, about 50 people total, but that extra bit probably pays for 2 people's salaries. Just taking money that we are holding onto anyway and putting in the right place keeps two people employed.

>> No.43308079

>>43302959
how does the 'total liabilities and net assets' figure equal the 'total assets' figure? it seems like half of cover's assets are in intangible assets, such as vtuber models. I think the 'assets minus liabilities' figure is more accurate in describing cover's financial resources. judging by how cover's assets are valued, they seem to be financially solvent at least.

>> No.43308555

>>43304855
I assumed hundreds of millions as well, but you have to figure that 1: google fucks them with the cuts it takes, and 2: inflation is fucking a lot of vc firms rn so having cash on hand in general is kinda neg. I think investing a lot in projects is a great hedge

>> No.43308644 [DELETED] 

>>43302959
lol they're gonna blow it all hiring 500 junior developers to make the wish version of pokemon rust, which is gonna die on arrival

>> No.43308725 [DELETED] 

>>43308555
>inflation is fucking a lot of vc firms
This is the best news I've heard all the way since the dot com crash.

>> No.43308787

>>43303344
That’s…. actually not a bad idea

>> No.43308925

>>43302959
That I actually cool. There is another great reason to not spend my hard earned money. They already have more than enough

>> No.43309044

All that money... just for the same kind of lame 2D streams that indies do for free.

>> No.43309478

>>43302959
>former recipient liabilities
can someone explain to me wtf is that and why does it represents over 30% of the debt+equity?

>> No.43309614

>>43309478
It's the liability account for the 30 mil cash they received for the preorders (I think)

>> No.43310270
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43310270

>>43304855
So Cash on Hand is not a metric of success well it is but not always. Cash on Hand is for the most part a rainy day fund for companies it is the money left over after all expenditures that the company has nothing to do with the money so they just hold it.

So a few things on hand is not taking into account the money Cover has spent on R&D, scouting, and business operations. It also does not account for employee wages and how much the talents are receiving from merch sales which many talents have said that they can get much better cuts out of merch sales.

Finally and this is the biggest. Covers biggest asset is their talents and we have no idea how much the talents are worth because they do not enter the market. How do you value different talents?

>> No.43310343
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43310343

all we need now is for some chinese to buy up the majority of cover and start redeveloping the holoCN branch. ching chong my ding dong retards.

>> No.43310852

>>43310270
> How do you value different talents?
Fuck Mori's gonna tank the stock on opening SELL SELL SELL SELL

>> No.43310943

>>43310343
nah, Jews will buy it up and force every Gen to adopt a black and a tranny

>> No.43311190
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43311190

>>43310943
some really rich cartel kingpin's son from mexico who happens to be a huge sakamata chloe fartsniffer will buy it up and develop holoMX. yagoo will hire a bunch of cholas south from the border.

>> No.43311390
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43311390

>>43311190
Oh Nyo

>> No.43311483

>>43303081
NijiniggerSEETHER spotted
Hahaha, nigger.
Holobronies STAY winning

>> No.43311626

>>43309614
i dont think investors are going to see that positively
a great way to raise money and grow the business, an awful stain in the balance sheet that make it seem a debt dependent company

>> No.43311667

>>43311390
Imagine the sex

>> No.43312012

>>43302959
So does this make Cover a Pyramid scheme kept alive by pre-orders like Limited Run Games?

>> No.43312219

>>43312012
If you consider normal accounting a scheme then yes

>> No.43312254

>>43312219
So it is.

>> No.43312364

>>43312254
Yes but a legal one

>> No.43312495

>>43312364
Capitalism and its consequences has been a disaster for the human race.

>> No.43312562

>>43312495
Is this some kind of poorfag joke I'm too rich to understand?

>> No.43312990

>>43312562
Just means your head is coming off.

>> No.43313188

>>43302959
Probably why Holo finally let Gura's daki get released. Just preordered mine.

>> No.43313305

>>43302959
>IPO
For the love of God don't do it Yagoo shareholders are cancer

>> No.43313431

>>43303781
A gacha music game using their music IP for real would be cool.

>> No.43313714

>>43313305
He already done that, anon.
and for the good cause too, not like Riku who just IPO so he can cashed out.
They buy the new 3D studio, The new studio will be 4914 m2, the current one is 824m2 . That's nearly 6x the space of the current one they always use at the price tag of cost 2 billion yen.
If the building is finished, it will make Cover to be the owner of "The Biggest 3D Studio in Japan"
That's why ppl didn't see the negative of Cover's IPO this time.

>> No.43313835

>>43311190
>rich cartel kingpin
a meme. The cartel kingpins are all the bergs and steins that ran the banks, subside the terror, and turn immigrants into debt slaves.
>average migrant debts have climbed so high that a U.S. wage is the only real way to pay them off
https://www.newyorker.com/news/dispatch/the-epidemic-of-debt-plaguing-central-american-migrants

>> No.43313887

>>43313188
It does make sense if you look at the events. Birthday concert was gimped and Daki denied because loli. See that Dino Gura has obliterated records for most merch sale by a huge margin (I don't think any other Hololive girl has said they've beaten it yet). Approve daki after, give her 3D live but still gimp that as well as expect similar or even bigger merch sales than the Dino Gura. This is probably what pushed them to IPO. They probably had IPO on their minds for a while but they had to align their pieces and events to capitalize on it for next year and the time seemed right.

>> No.43314209

>>43313714
>>43313305
It's not a full IPO - at least not yet. They're just releasing some shares to the public for funding.

Besides, cover isn't an American company, it's not like they have to suck everything dry to satisfy the shateholders

>> No.43314262

>>43313188
It was being blocked by EN management for the longest time until Marine helped Gura get in contact with JP management. They probably bitch slapped the managers for rejecting a big money making merch idea.

>> No.43314719

>>43305863
why are you comparing your fortune 500 company with a start-up in Japan? I feel like that's a terrible comparison

>> No.43316280

>>43302959
You do realize they have to use those 34 millions to fulfill preorders and can't spend it on the new studio.

>> No.43316730

It’d be interesting to see how much the stock will drop after the lockout period ends. Some of the higher up employees/people that got a lot of stock early will probably be near millionaires once they cash out after the lock in.

>> No.43320439

>>43312495
commies like you deserve to be burned alive.

>> No.43320909

>>43303081

Your adding Coal and arguing to Lobotomites and Under-Cover shills/Talent that need merch or Rent money covered

Might as well dig around for Oil since the odds of anyone here heeding Good advice is the same

>> No.43322798

>>43303081
holoboard
holothread
seethe about it

>> No.43325616

>>43320909
Why do you capitalize only some words like a fucking weirdo?

>> No.43330360

>>43312495
You are retarded.

>> No.43330749

>>43303081
go back to nyfco lol
oh right it got suspended kek

>> No.43332382

>>43314209
>a full IPO
The heck does this mean anyway?
Both Anycolor and Cover have/are putting only a small portion of their shares on the public market, and the founders seem to still collectively own enough for a majority of the shares

>> No.43332748

>>43306919
Holoearth, protolive, probably the biggest mocap studio in japan is under construction. I dunno what kind of startup tech company have multiple division doing multiple thing, like i said startup.

>> No.43335244

>>43325616
because he's a retard

>> No.43338734

Ok so when can I buy a share of cover for myself?

>> No.43338852
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43338852

>>43302959
that's only enough to buy two F1 cars. i don't think they're there yet.

>> No.43338922

>>43325616
Probably a kraut, they capitalize shit weirdly.

>> No.43342090

cool

>>
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