Member Info for MKS123

Encouraging Investor Meet. I'm now expecting more news flow for rest of 2024. What I'm really waiting for is Meta/Lenovo revenues, which I can wait on. Good to hear that EXR is still getting pushed by both and the working relationship remains strong.

VR in Education space is exciting and EXR is correct to focus on it. An article today on The Times about Avantis Education supports this stance.

Good to hear Management taking a pay cut and committing to no need for fund raising in the medium term at least.

These are unaudited interim so not expected to be detail heavy. I stand by my position. I wait for when meta/lenovo numbers start to come in. I know this isn't until 2025 but clues to how these will be would be nice asap. Otherwise, the tech and relationships are why I'm invested here

Agreed. I'd say this update beat expectations. Blackrock reducing short is also positive

"With the additional contracted revenue yet to be recognised and the strength of the pipeline, the Board remains confident about delivering against its expectations for the year. Looking further ahead, as platform partners, such as Meta and Lenovo, look to build recurring revenues in the education, training and development sectors, we are confident that ENGAGE XR is in a prime position to capitalise on this nascent, but growing market."

Tad boring but I like it. This remains in my SIPP

Reminder of the Engage/VictoryXR connection: https://engagevr.io/tag/victoryxr/

Https://www.xrtoday.com/virtual-reality/lenovo-victoryxr-discuss-keys-to-education-xr-scaling-success/

Snap also updates to say its pushing AR as reported in The Times today.

Macro environment for Engage is encouraging. Time will tell how it has faired versus the competition (starting tomorrow hopefully).

I don't think this is it. The open short positions now declared, Blackrock's reduction and slow down of the purchasing programme are a better fit. Not that any of these are good, but it points to "market forces" rather than something fundamentally changing since the last update. With that said, if sales are slowing further, then the shorters et al have a point. Either way, I'm a LTH here.

I hope the link means going forward. It is "advancing" but a slower pace. Numbers from the last 4 RNSs. Either way, I'm trying to find a reason for the SP drop in the last few days. Nothing new (that I have found) other than the slow down in purchasing and short position.

433,485 from September 2, 2024, up to and including September 6, 2024 (5 days)

296,096 from August 27, 2024, up to and including August 30, 2024 (4 days)

518,936 from August 19, 2024, up to and including August 23, 2024 (5 days)

574,816 from August 12, 2024, up to and including August 16, 2024 (5 days)

Last two transaction RNSs do also show a slowdown in the purchasing programmes. These are of fixed amounts with plenty left to get through

6th September and Point72 opens a short position. Most likely reason for the SP drop.

Buyback programme should hoover some of these soon. I've still not found any cause for today's drop.

Doubt litigation or the last rns is a reason for today's drop. Even in a down market this drop is OTT unless someone knows something. Deutsch only updated 1500 target yesterday

Macro news recently in broader groceries/retail like today will help Ocado beyond the CFC news. So SP should see momentum to the upside from here

Starting to look like petrofac

Neither item in this heading was addressed. Disappointed with the debt. Cash flow is clearly main focus.

Still too risky for me because of the grounded aircraft and tough competition. I think shorts increasing this month illustrates current sentiment.

Grocery inflation increase doesn't surprise me given my own grocery bills. Good to see Ocado benefitting with still a very small share of the market.

I did see a figure on their website or published docs. I don't have it to hand. It was 6 figures but hardly recors breaking

Interesting use case of AI, which is growing and helping margin/productivity.

Creeping up now. Fall is unwarranted IMO.