Member Info for cminhinnett

Tucson, surely if they are close to signing a deal for the pipework and a takeoff agreement, this information would prevent them from purchasing ie in a closed period?

And another one............

Timestamp shows it was a sell, MMs playing games as always

Some interesting numbers HT, certainly the change of strategy sounds like it could transform the profitability of the company and deliver some great returns to both new and old shareholders. The guidance was there in the interview, with potential upside, a fab company starting to deliver on profitability.

horse trader, based upon some headset volumes and average per week, would you stick your neck on the line with any future revenue, profit and company valuation estimates?

Whilst nearly all raises are frustrating as it dilutes current holdings, in this case I feel that it is a sign of ZEN trying to drop the previous reputation. ZEN has always been run on a shoestring and the recent change in strategy to own a rig is a rarity amongst small O&G companies. Most LTHs have been pleased with this change, also with the fact that additional spare parts have been ordered plus a top drive to be more efficient and safer, two very important factors. All of this comes at a cost and for ZEN that means raises to pay for it.
I for one, whilst annoyed see this as a necessary evil of ZEN is to be taken seriously and deliver the transformational news that we have all been waiting for.

No worries, it doesn't always make sense to me for the reason that you have stated, however I have seen it happen on a number of other shares and I can't think where else that volume of shares would come from.

Totally agree shandypants, the recent interview mentioned break even in the next 6 months so it all ties together nicely. As stated, if the margins continue to improve / increase as being currently experienced, the headset break even could drop closer to 300.

I can't help feeling that these big sells are the placing being forward sold, as without them the buying pressure would have had us back up around the 8p - 10p mark by now. The good thing is that it is allowing PIs to top up at these levels before the strong drive forward.

Another great piece of news, you can see now why the IIs snapped up the recent fundraise as this latest RNS could lead to a further 90 headsets being deployed and that is only 13 new sites, they have over 90 in total and are growing.

https://www.proactiveinvestors.co.uk/companies/stocktube/14252/immotion-group-focusing-on-high-margin-partnerships-to-hit-break-even-faster-14252.html

Kiwi, I think it is the whole package, the change of strategy as a result of tenfold better margins and margin per headset increasing every week, the fundraise to execute the strategy, the breakeven being 400 headsets or potentially 300 if margins continue at current levels, new products coming to market and massive partnerships. What not to like? Hugely positive interview with breakeven forecasted back end of this year or early next and then every new headset delivered, massively flows to the bottom line.

Agreed Soulac as the disappointing initial flow rates were the supposed reason behind the recent drop in SP, hopefully now will recover that false drop

Agreed, the MMs were happy to hold the Bid at 1.95, giving 2.015 despite alot of spells, clearly someone or multiple parties are accumulating, reinforced by the £50k purchase

Agreed Tucson, just frustrating after the fantastic JORC that we all find ourselves 50% down when would have expected to be 50% up.

I don't know who the seller is, however doubt it is Tracarta. The shareholders who supported the recent placing of £0.5m will not be happy with the current share price, however they must have been given greater visibility of future plans and potential than us PIs.

Showing the recent buys as sells..............Admittedly the recent results on the new drill were lower than hoped, however they certainly do not warrant a 25% drop in share price

Mainly buys this morning, however showing as sells........

Decent buying into the close, MMs using the spread to show them as sells

Confident purchase then :-)