IMMO22 Jan 2020 22:11
Good evening all , I stopped using this site a few years ago but thought I'd take a look given we have had a nice volume increase of late to see if there's any sensible posters on here & all its really done is validated my reason for not looking.
RonaldTrump; where to start with your comments.
Firstly, the company has gone from 35 headsets at IPO to 302 as it stands, plus the 27 already contracted takes us to 329, with the remaining STC headsets of which there's 66 we will be at 395 headsets. Thats more than a 10 fold increase in about 18 months, meaningful progress IMO.
The shareprice over the last 7 months is down 12% not 30% & has risen about 30% in a few weeks.
With regards to anyone being able to watch this at home shows several things, you've not tried the content yourself & have done very little, if any research. The content immotion create is unique in that it is world class in its quality & is synced with motion. This makes the kit too expensive for someone to have one at home but would also cause motion sickness.
If you look at the partnerships immotion have you must surely see they are no amateurs that are putting in content you can watch at home. Merlin, SeaLife, Legoland, EMAAR, Madame Tussauds, London Eye, O2 London to name a few.
The company have stated several times they expect to be EBITDA breakeven in Q1 2020 with a target of 410 headsets. My personal view is this is conservative because this figure was calculated through a blended average of retail & partner / aquaria headsets. At the time the headset split was roughly 50/50 with approximately 118/119 respectively. Retail then and now is the weak link hence the focus on aquaria / partner deals. Due to retail headsets lowering the average with a massive increase in the much higher yielding headsets should mean fewer headsets need to be added than the company suggested IMO.
The number of aquaria headsets, the highest performing headsets has gone from 30 at HY 2019 to 81 as of now with a further 38 subject to contract taking the potential total to about 119.
With regards to major shareholders dumping, theres zero evidence of that, in fact, the price has trended up under strong volume indicating the exact opposite of what you're saying.
Hopefully my notes will mean you take a deeper look at the company, see their average revenues, partners, content quality, licensing agreements & rapid revenue growth as a company going places.
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