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The drop in share price is shocking .
I can’t say Immotion help themselves much.
Too much bluster and too little substance
Where’s the new deals ?
Message to the management, stop telling porkies about all the potential customers you don’t bring on board.
A few thoughts following todays fall in price:
1. No need to panic as aim has been hammered across the market. Look at this from a macro point of view and its not just the IMMO share price thats taken a beating, if you believed in the company 6 - 12 months ago, then you'll see its a bargain down here.
2. Directors should purchase stock at this level to regain shareholder confidence.
3. The pound falling is only a positive for the US & Chinese business - people should not focus on the spin offs as those are yesterdays news.
Just remember whenever there is a quiet period Martin always tends to deliver.
Wouldn’t surprise me if these have gone t#ts up.
No. It's a bit of a shame. But they did just release this....
https://twitter.com/Immotion_Group/status/1576958331582816256?t=BIIMFNlf0Q5fljqgo0mjJg&s=19
No interview from Martin yet. Incredible after the share price drop.
The LBE business has enjoyed a very strong Q3 with revenue expected to be circa £3.4m compared to £2.3m for the same period last year, a 48% increase. We anticipate EBITDA for continuing operations in Q3 to be circa £0.7m, taking the year to date to around £1.2m.
EBITA for the year should be £1.5 million. If they can cut costs and increase prices .......lovely!
500 headsets by year end and lits of pod seats already paid for.. Nice!
well IMMO isn't profitable yet - it made a £300k loss as per accounts today, albeit much reduced from previously years - and it has only £300k of cash which is very low, so i don't think a placing is out of the question (and IMMO do like a placing).
Having said that one of the positives is that cash generated from operations was over £500k so this shows the business can be profitable and cash generative.
Let's see how the next few months pan out
their averages are way up in the 4s, on placings so a 30% discount should be attractive.
appreciate this was up to the day before but it really wouldn't have hurt! Teh LekeVR deal is the new exponential opportunity, imo...
talk of a placing is just the usual throwaway comment that those not invested, throw, when an sp takes an unexpected turn (and there was no concern in August on the update). i suppose the fact there wasn't really any further news, beyond selling the two side projects, is what caused the seller to move on. could easily have just been someone who got in solely for the results. i'll bet they, like me, expected to be up over 4.5 by now. still could happen if folk start to read it properly and relate it to the sp.
trust noone panicked and sold at the bottom... it'll be back over 3, easily.... but how far is another question.
The headsets last at least 7 years and not 3! That's going to improve ebita and they have more stock ready to go which will further improve things.
The share price fall should be a low point now. £11 million is too cheap for a growing profitable company with a turnover of about the same.
Generally micro stocks have priced in a recession already.
"136 motion platform pod seats in stock ready to be deployed"
During H1, when it became clear that further lockdowns could be taking place in China and that global shipping conditions, though improving, could deteriorate again, we invested further in our stock of motion platforms and headsets. We currently hold 136 motion platform pod seats in stock ready to be deployed.
"we remain confident of exceeding 500 installed headsets by year end"
Our estate has grown from 364 headsets (across 48 sites) at the beginning of the year to 414 headsets (across 50 sites) as 30 June 2022. As at today's date the Group has 476 headsets (across 52 sites). This increase in seats has been driven both by an increase in the number of seats at established sites such as Shark Reef Aquarium at Mandalay Bay, OdySea Aquarium and SEA LIFE London (32 seats in aggregate); and new installations, predominantly the 70 headsets in aggregate installed across our first three zoo partner sites in July and August 2022. With known install opportunities for the remainder of the year, we remain confident of exceeding 500 installed headsets by year end.
i can see the sp rising slowly into december. but it's going to need proof from China that that licence is making money.
last year uvisan and the lbe were seen as the exponential possibles that could multiply revenue. now that Uvisan is seen as barely covering its costs it's down to slow growth. not sure about the lbe as they're still going to have a 49% stake in the business. but until there's info about who the buyer is, hard to know what possible's there.
still not sure what the f happened today but i'll be interested to see if there's an interview coming and if it'll put some confidence back in the sp.
I'm not sure what you were expecting, as the the August pre-close trading statement gave a good indication of Q3 revenue? Revenues for the year shoud be around £11million, Market cap now £12million, so looking cheap. Streamlining the business is a positive, as LBE is clearly the Growth driver here.
Seems far too slow on Gorilla Trek roll outs. Concern with only £400k of cash they will need to raise funds to get through to next season
I think the results were poorer than expected and progress has been very frustrating.
There’s a storm brewing in the worldwide markets imo and I would rather been sitting on cash , so I am a seller today.
Poor update almost every area of the business. Poor August and September revenues considering July was 1.3m. Spin offs poor, cash poor and depreciation made the bottom line look better.
Need a massive expansion program for 2023.
well, as it's the lowest price it's been they're selling at a big loss.
anyone would think it had had disastrous news. only thing i can think is they're disappointed that Uvisan isn't selling for £50millionbillion.
beyond that, the results aren't much different to the update... absence of China news is the disappointment for me but not enough to think it's worth a 30% discount to August update.
Well someone wants out at any price - not sure what has spook them!!?
Can’t see it as I buy at the moment.
They seem to be swimming around in circles and getting nowhere.
either way, rounded number sells are the order of the day.
become v cheap so, at least there'll now be bargain hunters...
no action... not even from mms.
i'm amazed, frankly. never seen no trading on results... not even selling. would have thought that this would have been over 4.5, easily. did more business on the update...
maybe folk are being cautious... or the alarms didn't go off.
have to see whether this gets close to 5p or pushes past it.
be interesting.
Seems decent enough interims to justify a higher share price!
Vodiac does not have a cube a!