Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video 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.
Two c.£10k orders have gone through offer side of the spread - you'd like to these were snapped up by management
I'm becoming increasingly frustrated with this stock - what exactly are the brokers doing behind the scenes? WH Ireland didnt even have a dominant market share in vol traded last year (4th behind WINS, Peel & BBB).
It seems as though Immo is also being poorly advised particularly when Sam Higginson is allowed to sell a week after a strong trading update last June.
Ps.
We mustn’t forget that the directors are heavily invested, so they will be as frustrated as us.
Perhaps we will see some director buying if they genuinely believe in their new confidence.
One of those million visitors a year Zoos and a couple of hundred seater theatre deal will cheer everyone up.
I’m with you on Cleanroom and would love to be proved wrong.
Nice that they have ambition, but perhaps they are trying to run before they can walk.
It sounds to me that their spec possibly wasn’t adequate for some of the tenders they tried for and they had to go back to the drawing board.
Now that the world is hopefully returning to a sort of normality, I would question why they feel the need to diversify and experiment to such a large extent and don’t just concentrate on getting more seats signed sealed and installed.
They don’t have that long to get Zoo installations in if they don’t want to miss the summer season.
Maybe I’m just nitpicking too much .
The poor sp can make you feel that way.
Although there is a clear market for the cabinets I have never thought that clean room was viable option. There are other players who are far ahead of them n this already. I used to work in a large academic institution and they had installed a similar system in their teaching labs by the early summer of 2020. There are already even AI controlled robots that can go around hospitals sterilising the floors with UV.
They did flag that the HBE had been less profitable because of logistic issues plus I guess that money is getting spent on capex as they start to gear up again.
Looking back through the figures, I’m at a loss as to how the cash on hand has reduced from 1.2 to 1.1 mill in the same timeframe that they sold over a couple of million quids worth of let’s explore kits. (most of the stock had already been paid for).
I had wrongly assumed this part of the business would give a healthy boost to the cash flow.
I’m always sceptical of pipeline sales.
Gorillas were launched quite while ago as was Cleanroom.
I’m sure they are working and trying hard but have to admit to becoming a little frustrated by the jam tomorrow story.
Chapel, you raise a key point as to why I think it is a much stronger business than in 2020.
It was in late Jan 2020 that they did a placing on the back of opening at Mandalay Bay. They now have a track record with this larger LBE format, which backed both by the expansion and extension of this contract, they can use to demonstrate their business model to other aquariums and zoos. Their resilience through covid must also reassure partner sites.
I agree with Stalin, once they announce a decent sized zoo offering the price will quickly rise.
Honestly believe if immo had announced a zoo contract in that RNS we would be back in the 6’s. Won’t belong before they do.
I make it 33% uplift at Mandalay Bay plus good increases at Sea Life London and Scottsdale bode well for starting with larger offers for zoos and other upgrades for other aquariums.
Disappointing reaction from market as this business looks to be about to break through to decent levels of profit
Mandalay bay is a great revenue generator for immo and it’s now 25% greater. Plus the other extra seats all good. Little disappointed we haven’t got a zoo contract over the line yet but sure as Martin stated it’s in the pipe. UVISAN and other products are slow burners as we come into the spring and summer months LBE is the main focus imo.
I clearly had a betters night sleep...
It was pretty much what was flagged in the December update.
I took a more positive view that the increased at Shark Reef capacity means that things must be going well there and so is likely to be reflected elsewhere (although I guess the O2 site is out for a while).
The past two years have been about survival, they have managed it well and are in a better shape than at the start of 2020 both with new products and a better understanding of the LBE market.
If it does not go down well then I will be topping up as I can only see the company growing from here.
Am I alone in being a bit underwhelmed by this RNS ?
I can’t see Vodiac being a success.
With the current users, they have managed to slell about a grands worth of videos.
Uvisan moving forward relatively slowly and let’s explore sales not providing the cash boost that was expected.
Coming weeks for Gorilla deals to be sealed.
In Immotion speak, that probably means a couple of months.
Perhaps I have just got out of the wrong side of bed.
Must admit I was expecting an update long before now on a number of fronts. Vodiac, UVISAN sales, contracts for zoo’s, financial update and a bit more like clean rooms gone very quite.
They normally don’t update on one aspect of the business so maybe they are just waiting for the half term numbers to give us as much detail as possible.
The price action and volume say it maybe a little way off yet so probably tomorrow then.
A RNS can be issued at any time not just at 7am so you never know - news is definitely due though
I’m sure you are right Monkshood.
Was hoping for another trading update , but I suppose no news is neither good or bad news.
With Ian Hetherington death just before Christmas it is perhaps not surprising that things could have slipped.
Seems I got that one wrong.
I wish they would stop giving launch dates and missing them.
I know it’s been a difficult couple of years, but I have lost count of the coming soon statements they have not fulfilled.
All forgiven if they come in with record sales figures in the next week or so.
I would be reasonably confident that it’s news tomorrow of the Vodiac launch , coupled with a trading update and news of new deals.
After all, any later than tomorrow is no longer the early Feb which is when they said Vodiac would launch .
I got more at 5.25p so reckon something is up...
Paying above the ask at 5.3475.
Hard to buy any without having to set a buy limit - lack of shares available or news due?
I think it just part of a general sell off of small caps that has been going on since the start of the year.
I used it as an opportunity to pick a few more up @5p today.
Looking at some reviews from the Shark Reef in Nevada(the site not Immo specifically) from December and January there were a couple complaining about how busy it was even though you book time slots. If this is representative of their other LBE sites then they may well be generating a decent revenue from them this winter.
Doesn’t add up.
Just had the Christmas period where out of home experiences would have been busy after lockdown.
Christmas sales of Let’s Explore
And the additional Uvisan sales
Plus vr Gorillas in Zoos news can’t be far away.
Vodiac possibly delayed , but it’s not an essential part of the business.
Any one with anything else to suggest?
Another new Uvisan distributor .
immersive-display.com/en/
It will be very interesting to see how the distributor sales are progressing , as the potential is huge if they can establish demand for the products.
I have always thought that the Uvisan offering is the possible joker in the pack, and has the potential to be larger than the existing core business.
The next update should give a clue about it’s chances of future success or failure.
I doubt Vodiac is going to be a success , but would love to be proved wrong.