Member Info for saintpeter7

Another revenue stream and a great way of expanding on the company’s brand.

Am really impressied by the number of new VR avenues being explored by Immotion, with new films/games being made for VR machines which they produce and are in the likes of Legoland, Sealife Centres, Al Hokair entertainment centres in Saudi Arabia (a major entertainment growth region) and in a dozen centres in the U.K.

With the recent cash raise and the aim to be as profitable as soon as possible, and a CEO and great team behind him, I am very pleased to be invested at this stage.

Am led to believe that construction costs have been brought right down as the company said that they would and at current levels the headsets pay for themselves after just 13 weeks. After that we’re on a free carry as upkeep/staffing are paid for by the centre. We charge to install and train the staff too.

The Group's estate of ImmotionVR centres was comprised of 112 installed headsets at 31 December 2018. Since then I understand that we are currently approaching 160 including trial sites with Sealife Centres.

Note someone keeps selling in 250,000 tranches but despite that buyers are keeping the SP on the rise. I bought in at 1.95p and am happily holding for the ride back up to 10p+

What no one has referred to today, unless I missed it, is that DC said that we had signed some contracts at the Berlin event. Note the word ‘some’. So they may include the contract with a large name that he advised a week or so ago, but even more. Exciting times ahead.

Buying at c. 6.52 if you look at the trades being hid by the quoted spread.

Good find Moxie.

https://store.steampowered.com/app/1063850/Jinxed/ Another Immotion VR on Steam, adding to revenue all the time.

Investors appreciating the great potential for IMMO with 20 trades this morning all buys.

What is exciting about Immotion Group is that it is in the VR entertainment sector and there is great demand for their products through not just one avenue but through many and what better places than in Merlin's LEGOLAND and Sealife Centres in addition to those with Leke in China, Al Hokair in the fast growing entertainment sector in Saudi Arabia and others.

You wonder why pis sell their small holdings when the dealing costs far outweigh the sale proceeds. You never know what might happen one day.

How you are doing wressmycase?

I tweeted "megroupholdings.co.uk/me-group-welcomes-the-fixed-cost-regime/ … “Improving the quality, and reducing the cost, of dispute resolution for all parties through the use of LegalTech" Wouldn't surprise me to see @MEgroupholdings quoted in due course. Links with @ForbesVentures quoted on @NEX_Exchange ". this afternoon and received an immediate like and retweet from them.

We may have to wait a while for something to happen, but I still believe that one day it will.

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As you quite rightly say horsetrader, IMMO are trying new avenues, which can all add to the bottom line.

Immotion said on their Facebook page 'We ran into Sir David Attenborough at the York Museum last year and he gave our upcoming experience 'Feed A Titanosaur' a go. “Tremendous… I imagine every child for miles around will want to see it!”

Couldn't wish for a better recommendation.

The last trading update also said that they " have been working with our newly appointed distributors to develop our sales strategy. Whilst there is a lot of interest in the VR market, the demand is more for 'operator-light', or coin-operated VR machines, with a small footprint and quality experiences will drive sales into the long tail of FEC's. To this end we have developed a standalone 'free-roaming' VR booth able to offer a wide range of VR experiences. We will begin trials of this machine in the next few weeks."

It's good to see a number of avenues for producing revenue being looked at to add to the worldwide expansion through its various agreements. Dealing with leading entertainment companies like Merlin, Al Hokair and Warehouse of Games is a real plus.

Great to know that after the opening of the site in Abu Dhabi, the company is in discussions with Al Hokair about the next site, in Jeddah, Saudi Arabia, which is expected to be a larger site, with a greater choice of immersive entertainment offerings. After that, further room to expand with Al Hokair as they have in excess of 90 sites across the region.

From the last trading update, the Group is in the process of opening up its experiences, reversioned as appropriate, to the home and educational markets via SpringboardVR with SonyVR and mobile channels to follow in the near future. That is another exiting source of revenue to come.

Good buying this morning as investors realise the potential with IMMO - daily chart first target 8.2p, second target 9.4p third target 12p.

For anyone needing a quick catch-up:-

Raised £3m in February for expansion. In addition to our own UK centres, there are headsets in operation with Merlin using LEGOLAND and Sealife Centres in Germany, China, USA and Asia. Licences with LEKE VR China. Agreement with Crown Leisure in UK, Climbing Planet in Spain and in MiddleEast with Al Hokair.

https://pbs.twimg.com/media/D46VsRZWwAAYYdM.png

Good read. Seems the potential value in Saouaf is very much under the radar stiill, but this will alert more pis to the company’s excellent prospects. The farm-in approaches is a major plus at this stage. I look forward to seeing more detailed plans over the next month or so.

Steve Staley and team’s experience is invaluable for this and for the tie-ups made in Sarawak. Progressing very nicely.

Am very pleased I invested in what could turn out to be a very profitable company in not too long a time. As Moxie and horsetrader have said, there is a great deal of money to be made in VR and IMMO is only at an mcap of £15.77 and highest SP was 15.13p. Over double current price.

Immotion Group 'overwhelmed' with response to ‘Swimming with Humpbacks’ movie - watch the interview now
@proactive_UK
#VR #VirtualReality #IMMO

Excellent day today - first with the news and then with investors waking up to the great potential.

As I have tweeted, next target 8p, no doubt after some profit-taking. Mcap £16m.

Pleased to see the spread narrow, which will encourage investors who are wary of the wide spread we have had for some time.

Great investigative work Amnesic. I had to laugh at the musical interlude - nice touch.

Good day on the market today. Long way to go to get back to 4p but I am sure we will in due course.

Very much agree Horsetrader. Business is progressing very well. Any extra deals like this will get the company closer to profitably that more quickly. Very encouraging.

China, US, UK, Europe, Far East, Middle East, South America, Caribbean. Australia next. Revenue and profit going like a rocket.. I think the market will be surprised by the revenue growth when figures are issued in June.

Oh and Bricklive now in Space!