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PS
Bearing in mind, the year one upfront costs on each installation will not be there for years two and three, its easy to see that once the hard work is done, the headsets are money spinners.

Next years targets of 1000 head sets averaging £350 per week per headset , will take sales to approx. £18 million next year.

Agreed Shandy

Al Hokair would not be increasing their installations if they were not already delighted.

You cant fault the news flow, its excellent.

I have spoken about Immotion to a few very wealthy investors, and to a man, they switched off immediately I mentioned VR.
Its a show me the money type of share for many investors and currently presents a cracking opportunity at these prices.

For sure, this is a real business making real headway.

I'm impressed.!

Voila, just as I post, we get another RNS.

This lot are moving at pace !

At these prices, to me, this is an absolute banker.
The business model is proved, the Aquariums are out performing their targets, and the potential customer list has hardly been touched.
So much to admire, and it wont be long until they move into profit.
"Ballistic", is a word I really like when it concerns sales !

He was extremely positive.
Lots to really like, and I think the price will recover rapidly once the placing has finished.
It sounds like they have found the golden nugget with the high footfall destinations, and the numbers are sounding excellent.

All investors need, is the patience to sit it out for a year.

I Agree about the fundamentals.
The 2nd and third trades of day were mine.
Nice time to pick up some cheap before whatever they announce next.

The crux of the business, it finding a way of maximising punter uptake.

I think they have to make their offerings unintimidating to those who wouldn't otherwise be tempted.

If they can do this, they are sitting on a potential goldmine (Although short term there may be a squeeze on cash flow and it wouldn't surprise me at all if there was another call for cash)

If this were the case, at least for once, it would be crystal clear what the money was for .

These concession partnerships with high footfall, and customers in the right mood to spend money as they are on a day out, are potentially very lucrative.

IMMO seem to be trading very much under the radar a the moment.

If this business model works, then the next set of numbers is likely to spark a huge amount of interest and a buying frenzy.

Regardless of the outcome, you have to admire the sales teams performance so far.

It seems they are trying new avenues.

Now downloadable on Steam for a small sum.

store.steampowered.com/app/1050500/Feed__A_Titanosaur/

Abu Dhabi was scheduled to open this month, as were two centres in Australia. Might create a bit of interest in the coming week or so.

Agree. Higginson stated that the concession headsets were making more than the expected £400 per week. So the target of 1k headsets this year makes for a very juicy number: 1 headset at that rate brings in at least 20k revenue per annum. Multiply that by 1000, strip out installation costs in year two, and hey presto, there is a magical revenue stream. Ramp it up to 5k headsets worldwide and they would have sales of approx 100 mill. (Not beyond possibility) Obviously they need to keep ahead of the game, but the potential is massive it f it comes off.

The more press , the better for the SP. Good interview as well. Thanks for posting parislse.

Its the kind of business with high upfront costs, .
The fun should start, once the recurring revenues start to show.
Very much a game of patience, and it would be interesting to see a breakdown in the different revenue streams at some time.

The concession partnerships with aquariums are a great avenue for the business to be focusing on imo. They have guaranteed customer footfall, and a targeted market with their v r sea life offerings. They may have found a potentially profitable worldwide niche market which they can dominate with early mover adavantage.

Every little helps. Cant beat a bit of free publicity !

Still one to tuck away for a couple of years.

Solid, yet unspectacular , and patience will be needed . Looks like they are working very hard, but now they need to make enough money to keep the business afloat . Should be an interesting yet bumpy ride in the coming year. On balance, I’m happy.

Anyone have any idea when the next set of results should be due ?

US Thousand Oaks bookings !! Zero ! https://immotionvr.com/us

In addition to my previous comment, As I have said before, the situation with the pre booking of experiences ( or distinct lack of ), must be cause for great concern. Anyone taking the time to follow the bookings on the online forms, can see that there are days when in most of the INTU centres, where there are no bookings at all. The weekends offer a few splutterings, but they simply are not doing the volume that might have been anticipated. Perhaps, they should cut and run from this part of the business model before they run up too many costs. If any one can provide evidence to the contrary, then I am all ears.