We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Anything else you want me to look at for you Botz just let me know mate.
You are incorrect, there's literally not one major holder selling down, the holdings RNS showing reduced percentage holdings was due to an increase in the number of shares therefore diluting their position. I would suggest that the speed of which todays ABB was filled its highly likely we have institutional buyers taking a position NOT selling.
Last set of accounts would put me off investing a single penny here admin expenses for 6months are alarming
No wonder they lost so much money and had to dilute investors issuing more shares.
Worrying thing for you here Botz is what actually is the money raised being used for.
With the current admin spend I don't how this can be a sustainable business. Certainly a business that would steering well clear.
Shame you lost so much over at Dish (unlike me who banked another £47k this afternoon) looks like your walking a similar path here.
we are still early stage with high need for cash hence placing and dilution this is what you get on aim .im just sitting tight and feel confident
The difference between this one and chumpy`s (now) beloved Bigdish is that IMMO have guaranteed revenues, increasing exponentially as announced officially in their RNS`s.
And the placing money is going to be used to accelerate growth, not keep the lights on like Dish will have to do.
Bless ya
Only 6% down never mind they could issue another RNS How did you phrase it
"Hilarious that they have come out with such a positive update this morning and should accelerate growth now with some force.
Doesn`t get much bigger than the MGM in Las Vegas" you said.
Obviously the market thinks differently to you again Botz. Lol
Your not having alot of luck lately.
Held up well today considering the placing price of 7.25p, probably because of the Premium agreement with MGM Las Vegas, IMMO`s biggest deal to date. When coupled with all the other tier one venues already secured the future looks very bright indeed here.
Increasing revenues from a great level to an excellent level with breakeven within touching distance, something that over ramped companies can only dream of.
We`ll see who has the last laugh chumpy, get back to your flaming monster munch and custard, you wouldn`t know a good thing if you saw it.
I may need to spend a lot more time here Botz and look a little deeper to see were I think the M/C should be.
LOL
Oh dear Botz
Such a good RNS you said and down 6% on the day
Looks like I called it right again 23 million M/C looks high
Dear oh dear
Proactive coverage...
https://www.proactiveinvestors.co.uk/companies/news/911339/immotion-plans-fundraising-following-deal-with-las-vegas-resort-911339.html
Good breakdown BBN, the market loves confirmed revenues and it will catch up with this cash machine soon enough.
Might even be a podcast today with Martin Higginson after this significant news.
For me what this RNS actually states, is that IMMO are now planning for their move beyond simple break even at the EBITDA level.
Today's cash raise secures a path to 625 headsets, which at even just £300 per headset achieved on the 225 headsets above the so called magical 400 goal, delivers £3.5m above the EBITDA break even point.
However, such larger installs, which may well be repeated as H1 develops, will surely push that average revenue closer to the £476 that the aquariums are achieving.
Hit £400 per headset, then we are talking closer to £4.7m in revenues above the EBITDA breakeven mark on those 225 headsets.
So I agree, the initial attention is very much on the placing but where it should be is on the fact that said money pays for the move to 625 headsets, inclusive of larger locations, highly likely making the company 100% self reliant and more.
A bit like the last RNS...the market will catch up soon enough. Increasing revenues with breakeven in sight, could be one of AIM`s best performers of 2020.
Whilst the placing may well of grabbed most of the initial attention to the RNS, the deal at the Mandalay Bay Resort & Casino's Shark Reef Aquarium, is rather eye catching.
At not less than $2.50 per ticket sold expected and historic visitor levels of over 500,000 per annum, those 36 headsets at a conversion of $1.30 per pound, will generate £960,000 per annum, which is around £513 per headset. It will take a little time for the installation to complete and gather momentum, but that's a better outcome than even the aquarium sector achieved in 2019 (£476 per headset). In addition, it is not based on actual participation but on an entry fee with exhibit included.
It is a shame that this announcement could not be made separately but that slight irritation does not remove the facts. This deal for 'just' 36 headsets, can deliver more than 25% of the total revenues achieved in 2019, from one location, which is a significant development.
Lowie100, don`t worry about that pr**t he`s trying to wind me up here because I`ve got under his skin over on the Bigdish discussion. He`s lost his little rag because I humiliated him for his lies and bullying, so now he`s here trying to get back at me.
Hilarious that they have come out with such a positive update this morning and should accelerate growth now with some force.
Doesn`t get much bigger than the MGM in Las Vegas to prove that we have an excellent growth model here.
This will fly in the coming weeks.
Key quote from today's RNS ;
"We expect this additional capital expenditure to enable us to build an installed base of circa 625 headsets, at which stage we believe the business should be able to fund further capital expenditure from both operational cash flow as well as debt facilities, which we believe should become available."
Great research chumpy, but you got a bit mixed up, its actually 431 headsets in a matter of weeks...cr**in!
Very positive move today, a placing for accelerating growth rather than to keep the lights on which is where other companies currently sit...Bigdish for example!
Rns shows major holders are offloading
M/C 23million for a few dozen headsets
Each to their own
Good evening all , I stopped using this site a few years ago but thought I'd take a look given we have had a nice volume increase of late to see if there's any sensible posters on here & all its really done is validated my reason for not looking.
RonaldTrump; where to start with your comments.
Firstly, the company has gone from 35 headsets at IPO to 302 as it stands, plus the 27 already contracted takes us to 329, with the remaining STC headsets of which there's 66 we will be at 395 headsets. Thats more than a 10 fold increase in about 18 months, meaningful progress IMO.
The shareprice over the last 7 months is down 12% not 30% & has risen about 30% in a few weeks.
With regards to anyone being able to watch this at home shows several things, you've not tried the content yourself & have done very little, if any research. The content immotion create is unique in that it is world class in its quality & is synced with motion. This makes the kit too expensive for someone to have one at home but would also cause motion sickness.
If you look at the partnerships immotion have you must surely see they are no amateurs that are putting in content you can watch at home. Merlin, SeaLife, Legoland, EMAAR, Madame Tussauds, London Eye, O2 London to name a few.
The company have stated several times they expect to be EBITDA breakeven in Q1 2020 with a target of 410 headsets. My personal view is this is conservative because this figure was calculated through a blended average of retail & partner / aquaria headsets. At the time the headset split was roughly 50/50 with approximately 118/119 respectively. Retail then and now is the weak link hence the focus on aquaria / partner deals. Due to retail headsets lowering the average with a massive increase in the much higher yielding headsets should mean fewer headsets need to be added than the company suggested IMO.
The number of aquaria headsets, the highest performing headsets has gone from 30 at HY 2019 to 81 as of now with a further 38 subject to contract taking the potential total to about 119.
With regards to major shareholders dumping, theres zero evidence of that, in fact, the price has trended up under strong volume indicating the exact opposite of what you're saying.
Hopefully my notes will mean you take a deeper look at the company, see their average revenues, partners, content quality, licensing agreements & rapid revenue growth as a company going places.