IMMO16 Apr 2019 19:54
Have been buying these, little and often! Was quiet for a long while here but seems the cat is now out of the bag!
Each time a new partner is added it starts to build recurring revenues. With the profit sharing structure they’ve adopted there’s no risk. It’s a bit like uber, Deliveroo etc. Add more partners and revenues go up. Once you go past the tipping point of covering the fixed overheads every additional pound of revenue added is then profit. This is a tipping point business and this is the tipping point . The content costs are not linked to headsets. Once an experience is done it can be monetised for years generating very significant ongoing revenues/profits!
This is without doubt the best VR company the uk stock market has to offer, genuine tech and content, top tier partners and already generating cash!
Very cheap here, lots of IPO money invested much higher!