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£800k is impressive- had this been released to the market in a December update the share price would not have been hovering around 2p. It has all been too manipulated with the directors hiving of bits of the company which they then retain an interests in rather than looking after the broader interest of the shareholders, it does not inspire my confidence to continue to invest with them.
Lets Explores content came from Immotion so will they just licence it now?
Good luck to LTH's who have stuck with it.
Personally I always thought the HBE had the most potential. Selling nearly $1m in a day on QVC is impressive.
Improve the technology of the product and as the CEO says, this looks exciting.
Those are exactly my thoughts.
I’m very disappointed that they have sold off the main part of the business .
As you say, holders will be investing blindly from here on.
I would like to know the people behind the purchase and how the LBE was actually getting on when they decided to sell it.
I'm out now. I had hoped that we would have been back up to >6p by year end so not very happy with how it has panned out. I felt the company did a good job through the pandemic but I feel this deal is all about the directors and not the shareholders.
I did consider just reducing but essentially you are investing in a shell company with the CEO saying trust me to sort out a good deal on something, at some point; after today I not sure I would trust him to look after the shareholder interests rather than just his own.
There are plenty of other businesses to put money in where at least you know what you are investing in!
Lol payment within 12 months.. make 20% elsewhere..
if they'd mentioned some stellar intention to... something with the hbe then great, but, atm, sticking a mobile phone into a headband for vr is a bit viewmaster! can't see how this has a future after whatever spike this produces (if this isn't it?)
Nope, got 110k in 2 chunks at 3.1p, 8.27am...
What is annoying is that if they had issued a trading update in December along with an upbeat commentary about HBE then the share price would have been around this level with the potential to rise quite a bit further throughout the year.
With an extension of the Merlin contract, China's opening, and the US and Europe proving more resilient for spending it is getting sold off on the cheap.
well, the BoD leaver share options are barely above that and they seem happy to sell at 3.65 so...
Nope lowest price to buy 3.4p, they dropped for mates but no quotes so no one able to buy 3.2p…artificial!
I can’t see how they won’t plough through that cash quite quickly.
Considering the lBE side was the core of the business, I feel investors are left with the junk side.
Are the purchasers anything to do with anyone on the existing board at Immotion ?
Yep, 3p a share dividend and a few minutes ago you could buy at 3.1p... I fully expected it to open at 4.5p given that's the total of the dividend + retained cash in the business post deal. Market makers know there will always be sellers though, so why not take advantage of them and let their mates get practically free money?!
So only a fool would sell at these levels
so we get 3p cash and are left with home and about 1.5p cash
They were going to sell 51% of HBE for £250k not that long ago so something changed - perhaps there’s an acquisition or two already lined up? Also imagine the time spent working on this deal when they could have been growing the LBE business??…
the market seems to like it...
I am less keen, the LBE was my preferred part of the business.
If they (Bidco Rod?) which is was a vehicle set up for this last November -can raise £25m to buy out the LBE then there clearly was not, in contrast to what they say, any issue with raising money for expansion.
If the whole thing was being sold and all the money returned to shareholders I would be much happier rather than what seems to be a carve up between directors. Some of the retained monies looks to be being used to buy out share options. The rump of business may have £6M but has it got the potential that the entire business had, or will the reserves just whittle away into adin cost?
Who ever was in the know and has been buying shares around the 2-2.4p range will have done well but I am not that keen as a lon time holder.
others say this will go to 5p today... headscratcher, tbh.
don't do owt... wait for 8,30 to see what's what.
gla.
a bit crap, except for those who bought in the past few months. what's the point of rnsing' Merlin deal when they're selling the lot? what happened to the expected news from china? and what is the value of the home-based business (which i thought only spun out from the core business so where does the future development come from?)
BoD get their money and the pi's get some (or lots) back but it's adifferent and a smaller company now... huuuuuge spike and then i see this back at 2p or maybe worse by the end of next week, if not sooner?
really disappointing for lthers.
Nothing for months then three RNSs come along at once - sad to see them sell the core asset but seems a decent price with 3p back to shareholders and money left to grow the remaining business. Win-Win?!
It’s not impossible that they come out with some great news.
I wouldn’t say that I was over optimistic though , and it wouldn’t surprise me if they have tried to raise cash to rapidly install the standalone units across the globe.
Except for the tweets - last one 6 January which I replied to asking when we can expect a trading update!!
Absolutely agree with this.
Martin talks of the vast number of zoos & aquariums they can tap in to but then they go silent for 4 months. 13th October RNS - "the current pipeline of potential new sites remains strong", so strong that three months later there has been no further progress? (as far as we are aware)
Martin - Immotion have the worst communication with shareholders out of all companies in my portfolio. We are still waiting on an update on the spin-off deal that will be completed in a few weeks, or should we expect that in 2024...
I find it disrespectful to your shareholders that you now choose not to engage given quite a lot of people in here are long term holders and we know you read the message boards.
They totally confuse me at times.
For example, they announced in a very polished way, the new format installation at Dallas .
I thought this was wonderful news.
However , If I try and find any further information about it, I can’t .
Maybe a better man than me can find something about it on the Dallas zoo website .
(My current feeling is that their self promotion appears to me to be better than their actual promotion. )
I could go on and on, but I won’t.
I just can’t believe in nearly 4 months there’s no price sensitive information.
The results alone are PSI and they will know these within a few K by now. If not they should do.
Can’t get my head around it tbh.