Roundtable Discussion; The Future of Mineral Sands. 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.
I hope you are right.
It seems the market is very difficult to please at the moment.
I think that they have already have two large zoo installations as very positive sign.
The shares were around 7.5p when they were looking to a comparable number of seats in early 2020. Along with an established customer base in aquariums and having the zoo offering putting in 40 seaters at a time puts the company ahead of their position then so hopefully it should start to be reflected in the share price .....
I saw that.
Thanks for the answer Mr H.
It’s hope they have a few more in the pipeline.
I suspect they will perform even better that the aquarium offerings.
Answered in todays rns
'The new seats, including motion platforms and VR headsets, will be fulfilled from stock currently held by Immotion.'
Good news with another large zoo contract.
I note with this contract they have an installed base of 468 which is around the amount we were looking at pre covid in early 2020 ('We expect the total number of installed, and operational headsets at the end of March 2020 to be around 400, with further installs to take place in early April, which with the additional 28 headsets, noted below, will take the total number of headsets in operation to 465.').
So the question is what capacity /availability of hardware do they have to go beyond this to 500+ this year?
I think Immotion management should clarify their stock situation, as well as how the Chinese issues will affect delivery of seats for new installations.
It’s potentially a major issue if they want to grow.
At the moment It takes over 100 days to ship goods to U.S. from China, so unless they have stock of the seats, then they are pretty much stuffed for any new installations that they might agree.
Even at a 52 week low. Well I took another 400k today. The 200k in red is a buy. I’m in no rush to sell let’s see how this all plays out in the next 12 months or so.
No pumpers no trolls :)) got to look at life’s positives I guess.
Perhaps they will issue new shares when they split on a pro rata rate.
Yes, the market always seems to know in advance .
Let me go and get my crystal ball.
So what was/is fundamentally wrong?
The only thing you have flagged, on more than one occasion, was a director sell from a year ago.
There is clearly someone selling down but most of my small caps have been hit this week (except an insolvency company).
Its not like anyone in this thread dared to question whether there was something fundamentally wrong weeks ago
Something gone pear shaped. I know the market fragile but this drop does seem overdone unless the big deals have fallen apart. The chosen few know before us as always.
We had an update only a week ago! Immo aren't too bad for this and I am sure they will if there is something to say.
Interest rate rises and recession fears will hurt sentiment in some sectors (like here) however agree PIs want updates here
Getting the Sh#t kicked out of it today. I think punters are disappointed UVISAN and the HBE haven’t really worked and are now relying on one revenue stream.
Think we need some big zoo deals and great revenue number for May. Hmmm
Next stop, the market up 1.3% and Immo -7%
They had less than 200 at the start and around 300 headsets towards the later part of 2019, by early 2020 they had 430 headsets. I think that they minimised purchases throughout covid so (at least in theory) most of those currently in place should have been fully depreciated by the end of 2022.
They are expanding the number again now so you would expect these to start to show on the accounts going forward.
Thanks for your replies guys. Do we expect those deprecation values to taper off at some point in the near future then? Looking back at the last few years it was 0.4 mil in 2018, then 1.4mil, 1.7mil and now 1.5mil in the last year. Was there a particularly big outlay 3 years ago that has effectively been written off now, or is this going to be their continuous level?
Those who protest so loud are not to be trusted.
Ask yourself why they make the effort ?
It’s one thing ramping up a share because you own it and wear rose tinted specs, Its quite another to make the effort to de ramp it and try and persuade people to sell.
There’s lots of other things you could be focusing on and doing with your day and logic dictates it’s only done with a specific goal in mind.
The de rampers will now come and try and justify their efforts, but plain common sense dictates they wouldn’t make the effort unless they consider that it may possibly benefit them.
It’s all smoke and mirrors in this game.
Next stop, a huge zoo deal and a potential beneficial to shareholders spin off.
Trust no one but yourself !
Correct Rod explained they had been over depreciating the hardware. I also think without the expense of UVISAN and LEO even with the same revenues the bottom line will improve.
Let’s see ?
You are completely correct.
They admitted to being over conservative with their depreciation estimates.
Depreciation came up in one of the presentations, someone may be able to correct me if I am wrong? I think that they depreciate their hardware in a linear manner over three years but actually believe it has a significantly longer life which therefore further complicates how you can view the EBIT/EBITDA numbers going forward.
The confusion concerns Ireland's use of EBITDA. There is a substantial depreciation charge - 2 million this year between Ebit and profitability.
I personally don't like the general use of EBITDA which doesn't recognize cost of borrowed capital or cost of ownership of fixed assets/intangibles.
Thanks for this.
Does this mean that we don't expect them to be profitable for the next 3 years? Difference in net income 2020 and 2021 is 2.73mil, revenue difference for the same period is 6.54mil. So to get over that net loss of 2mil we need about 5.4mil in increased revenue taking us to 14.9mil. I only bought in Feb so may be missing something obvious. Also not been investing long so barely understand the accounts, but trying to get to grips with it.
I sometimes can’t believe what I’m reading.
Each to their own I suppose.
Thanks monkshood as I said talking out my hat. Maybe