RE: John Gore DID invest at 15p...30 May 2020 09:25
Just a reminder for new investors. John Gore, invested and valued this company at 15p a share (as per the RNS extract at bottom of post), earlier this year. This is what a successful billionaire currently values the company at. To add, he's reported to be the Conservatives greatest donor in the past so clearly 'shrewd' when it comes to finances.
There's been a lot of talk concerning when Melody will get involved in theatre and it's certainly a case of when, not 'if'. John Gore, Billionaire has a huge stake in this company (6.98%) and it's very fair to assume he will utilise his position to mobilise VR in his theatres.
https://www.johngore.com/
As we know, theatres, cinemas are all going to largely affected for the foreseeable future as such, John Gore no doubt will revolutionise theatre viewings. Without any doubt, theatre 'go-ers' are generally of a more 'mature' age demographic and therefore will be more hesitant to attend such venues during the COVID pandemic.
https://www.cnbc.com/2020/05/25/what-will-movie-theaters-look-like-after-coronavirus-shutdowns.html
The data found that the largest age group for theatre audiences was people between the ages of 65 and 74, with the average age of an audience member being 52 (as per https://www.thestage.co.uk/news/audience-agency-data-shows-ageing-demographic-of-theatregoers).
RNS STATEMENT
EVR Holdings plc (AIM:EVRH), the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, is pleased to announce that the John Gore Bahamas Ltd ("JGB") has partially exercised its option to subscribe for 4,997,041 new ordinary shares at a price of 15.3p per share ("Subscription Shares"), representing a significant premium to the Company's current mid-market share price, which values the Company's issued equity share capital at approximately £220 million.