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This is an old page -
'It is currently expected that the bulk of the new installations (including Mandalay Bay) will occur through Q1 2020. All of these can be fulfilled from current stock.'
And further down.
“We remain confident in our business model, and that we will achieve our breakeven target around the end of Q1 2020'
Sorry my phone is playing up. Just read that piece.
They really do need to get their numbers right. That’s why the share price is where it is. I know Martin reads these boards so perhaps they could clarify the actual number.
Just read that pi
immotion.co.uk/immotion-breaks-through-430-contracted-headsets/
We opened two new sites in H2 and now have a total of 49 sites (373 headsets), with 57 per cent. of headsets now located in the USA. We continue to see new interest in our 'Undersea Explorer' theatre style offering for aquariums and are now in advanced discussions with a number of major zoos regarding the first installations of our new 'Gorilla Trek' VR Theatre and we expect our first signings in the coming weeks.
That’s from February RNS so not sure where you got that from.
From recent RNS
· Over 400 headsets now installed across 49 locations.
From Feb
Martin Higginson, CEO of Immotion Group, said: “We are pleased to have signed a further nine partnership agreements, and for two existing partners to be taking more headsets. We now have full visibility on an installed base of 432 headsets.”
To say that someone who has around a million quids worth of shares isn’t heavily invested is ridiculous.
It doesn’t matter how much he has in the bank or elsewhere , he won’t like the thought of losing that amount.
I would agree that the company is testing investors patience, however I would be inclined to see what the next few weeks brings in the way of new customers
Any large Zoo contract is likely to pull in decent revenue.
As for Uvisan , Vodiac and Let’s explore…they do seem more than a tad frustrating.
If? When was the last time 100 headsets were added in a month?
Its all well and good being bullish but having been a shareholder since mid-2018 I have come to the realisation that something is fundamentally wrong with this company to continually underperform regardless of the pandemic. Whether this is the management/brokers/advisors issue I'm not entirely sure but a share price struggling to recover to pre-covid times on the back of the company now being profitable suggests there are issues, regardless of shareholder dilution from raising cash.
Knigel - Covid is behind us as far as lockdowns are concerned. All companies have had time to adapt, why is Immotion struggling? As soon as a positive RNS is released you'll have the mob selling in to the price rise (even Sam Higginson)!
People seem to have forgotten the economic climate of the last two years - covid put a spanner in the works for many companies in these sectors so Luke warm updates are fine (for me) but we need to see more progress this year otherwise the share price will stay in the 4-6p range for some time imho
I understand the last 2 updates haven’t set the touch paper on fire, however they have added 42 seats and secured longer term contracts.
If ( big word ) they add another 100 by the month end that’s a 39% increase this year and it’s only April. Should increase revenues close to 10m without the other bits and pieces. I know it’s pie in the sky until there a done deal but that will change the tide imo
Thanks for clarifying I was going off Morningstar: http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P0001DZ5B%5D3%5D0%5DE0WWE%24%24ALL&Id=0P0001DZ5B&ClientFund=0&CurrencyId=BAS
Either way, I can't see how horsetrader deems this heavily invested for a small cap - the market has clearly lost confidence on the back of the lukewarm trading updates over the past year.
I'm particularly interested to hear the progress with Uvisan at the end of the month, lets hope big things are brewing in the background.
5.78% I believe
Hardly "heavily invested", Higginson only holds c.3% of the company
From a bit of rooting around and joining some obscure clues and dots together , If I had to guess their first zoo signing , (if they ever manage to make one ), it would be Los Angeles zoo.
With 1.8 million visitors a year, it would add significantly to the bottom line..
Concerning no new contracts,
I made the point when they posted the last RNS and suggested that they expect major contract signings in the coming weeks, that I was sceptical .
It’s a salesman’s nature to brag to his boss about the huge deals he’s about to do.
Unfortunately, until the deal is signed sealed and sitting on the desk, it’s non existent , and that seems to be the case here.so far. Of course, if a big contract is announced tomorrow, we will all stop moaning
On another note , they now have enough Uvisan distributors that there can be no excuses for anything other than stellar sales.
It’s not impossible (as Immotion have shown in the past), that they are devoting every ounce of energy to a specific aspect of the company that they think will be a game changer , I.e Cleanroom for NHS tender ) , and I suppose we will have to trust that they are working very hard as always.
At the moment, it seems extremely frustrating , but we can’t forget that they are heavily invested in their own company, so any failures won’t be for lack of trying.
It would be nice to see the senior management purchase stock at these levels given the share price has barely recovered to pre-covid prices. I'm not sure whether they're currently in a close period with results at the end of the month but you'd like to think it would give the market confidence - or perhaps we are to prepare ourselves for the final results missing the mark?!
No new contracts for a while, a worrying start to the year.
www.prnewswire.com/news-releases/uvisan-ltd-provides-hygiene-solution-for-global-enterprise-through-partnership-with-telepresenz-301512468.html
It’s been a very long time since they signed up any new lBE customers .
I would have expected some by now and unless they sign up a very large customer sharpish, then it’s likely to be a difficult year.
I agree with that statement.
They remind me of my wife., usually late.
I doubt they can get any Gorilla installs in before they end of the month if they have not even got any agreements in place.
It’s almost 5 months since they launched gorilla trek. They always get there but not on time.
Seem to be taken their time getting across the line. Martin indicated at the seminar last year they would install at least one in Q1. ?
Considering there are just three reviews, and at least one of them is by someone connected to the company, I am at a loss to see how you can regard this as a positive.
First reviews are excellent on Trustpilot just need to know how it’s selling
Promising moves in share price since we all added. Looks we might have just got in at the right time...
Predictive text “ move “