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IMMO Immotion Group Plc

3.475
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Immotion Group Plc LSE:IMMO London Ordinary Share GB00BD5JRP64 ORD GBP0.00040108663
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.475 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
3.40 3.55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.475 GBX

Immotion (IMMO) Latest News

Immotion News

Date Time Source Headline
29/1/202415:00UKREGIMMOTION JOINS THE ASSOCIATION OF ZOOS AND AQUARIUMS COMMERCIAL MEMBER..

Immotion (IMMO) Discussions and Chat

Immotion Forums and Chat

Date Time Title Posts
02/3/202308:34Immotion Group PLC 3,011
17/8/202218:57Rising energy cost killing immo imho-
29/2/202014:19Will Virtual Reality give Real Profits ?263

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Immotion (IMMO) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Immotion (IMMO) Top Chat Posts

Top Posts
Posted at 01/3/2023 14:27 by divmad
So basically, a buyer today, at 3.75p, like I did, could tender 64% of his/her shares at 5p for a 33% uplift in 8 weeks, whilst retaining a 36% interest in the rump business, which would have been cash per share of 4.5p-5p at the outset. That's a pretty good cushion to start the new business of with. Surely the share price will gravitate towards that cash value over time, or even exceed it, depending on how well management sell the new business concept and on delivery.
Posted at 01/3/2023 09:14 by mcfly79
The important thing is that there is around 5p per share in cash. That's a definite. It makes sense to set the tender price at the cash value per share, especially with the remaining business being breakeven. Assuming £19.5m cash in the company prior to the tender offer (after the leavers buybacks). With 394.5m shares, that's 4.94p per share. If they set the tender offer at that price then 253m shares will be bought in the tender offer. There will be £7m cash remaining in the business and 141.5m shares. So 4.94p cash per share remaining too. That's the right price to make people accept the tender offer, and some may decide not to take it and keep their shares.If, say they set the tender offer price at the current mid-price of 3.625p per share. Then 344.8m shares would be bought in the tender offer. The remaining £7m cash and 49.7m shares would be the equivalent of 14p cash per share. Nobody would take the tender offer. Why would you accept 3.625p, when there is about 5p per share in cash and you're giving value to the remaining shareholders.
Posted at 21/2/2023 13:58 by napoleon 14th
bennywin, LOL, BUT.....

I originally stuck with IMMO because they avoided wipe-out in Covid.
That forced several strategy changes at IMMO; unsurprising.

Since then management have all the consistancy of a weather-vane in chosing in which direction to go. If HVE is going so well, how come this wasn't the case earlier & why sell LVE? LVE was the mainstay & IMO stands a good chance of good royalties from China as well as profits from existing sites.

The chopping and changing in IMMO means they've lost too much cred. with me
& I've been reducing, tho' not too fast as there's room for share price to move up.
Posted at 10/2/2023 20:06 by 1knocker
I am surprised that you need my assistance with this Yump. The answer seems pretty obvious to me, but as you have gone to the trouble of following me to another board to seek my assistance I shall of course provide it:-

1.This is a done deal, so don't waste time fretting whether a better outcome could have been achieved
2.It is a good deal, given the position from which the BoD was negotiaing. IMMO is undercapitalised, surviving from hand to mouth, and vulnerable to the loss of able staff to better, more secure jobs elsewhere. If it were to have tried to raise capital, you and the other current holders would have been diluted to oblivion. Absent a capital raise, it would in due course have gone under
3. Vote for the resolution, take the cash, and get out
4. Striking IMMO from your portfolio (and Mode) will free time for you to review your other holdings, and to cull any others which are money pits
5. Invest the proceeds in something sound. No more moonshots. If in doubt, put the proceeds into physical copper. That will provide at least one secure asset which is likely to appreciate for the foreseeable future, to give some 'ballast' to your portfolio.

Even though you look like getting a lucky reprieve in Immotion, I expect that it has cost you a certain amount through your holdings in Immotion and Mode to learn the lesson to cut your losses as soon as the investment case evaporates (the earliest cut is usually the cheapest, and frees capital to invest in better prospects elsewhere). Make sure you remember that lesson. If you do, the price you have paid for it will not have been wasted.

Best of luck for the future.
1K
Posted at 10/2/2023 10:47 by city jester
Did mine on Wednesday. I can only think the share price is factoring in a possibility of the vote going against - but that must be pretty unlikely. I'm not sure many people will positively vote for the price to go back to 2p again! I don't know how profitable Let's Explore would be as a standalone HBE business, but if the profitability is worth nothing at all the firm's cash value alone is 4.9-5p.

Ceteris paribus the ex-d price of this, based on current sp, will be 0.4p, valuing £6.5-7million of cash at £1.7m! Seems crazy.
Posted at 06/2/2023 08:36 by mcfly79
Added some last week and added another 382k this morning.The vote is almost certain to go through.The share price was 2.2p before the news. The cash coming in is over 200% of that figure.It's just an ordinary resolution so they need 50% of the votes cast to be in favour.They have irrevocable undertakings for 31.4% of the share capital to vote in favour.It would need the same amount of shareholders to vote against (even assuming no other shareholders vote in favour). It's just not going to happen - the vote will get approved.I'm voting in favour, as are other shareholders I know.
Posted at 02/2/2023 11:19 by oldtimer169
The reality is that nervous PI's did not take advantage of the 2p ish share price some believing a placing and dilution was on the cards.Believers were likely averaging down and are now smiling...(any recent shorters are crying buckets!).It's the nature of AIM stocks.Some should stick to big caps rather than tiddlers like IMMO.
Posted at 02/2/2023 10:28 by 74tom
There is a lot to like about this piece of business. It appears to be win win for everyone.

IMMO was being treated like a distressed asset by the market. I hadn't looked in for ages as I knew they didn't have much cash and AIM has treated such companies with complete disdain, but when you dig into the financial performance over the last 18 months it looks excellent.

At 30/09/21 post interim results the share price was 7p, valuing the equity at £29m. They've since grown revenues & turned cash flow positive in a significant way (over £1m for 22 as per today's trading update) and yet the share price was down at 2.2p... it didn't make sense and the private equity guys know that a profitable entertainment company with revenues over £10m is worth more than £20m. If they inject £5m into it and grow revenues to say £25m over the next 3 years then they will likely sell it for £50-75m, making a significant profit.

Sub 3.5p is a gift IMO, it was NT to buy at 4p at 8.05 and then someone dumped 1m shares at 3.75p, this was followed by 515k at 3.37p and a further 1m that just popped up at 3.06p (nuts). GLA.
Posted at 12/12/2022 21:55 by yump
You have no idea what shares I’ve got or not got and at what prices.

So you just look a bit daft. Especially as you are clearly ramping FLX.

I have no need to ramp anything - I’m not that insecure. If companies develop a viable business, the share price will follow.

Are you just randomly picking out bombed out share prices or have you got a strategy ?
Posted at 04/11/2022 06:31 by bennywin
Thanks Immotion.

I had noticed that .

Contrary to me guessing you had thrown the towel in on this product, it seems you have put a lot of effort into it.

What are the differences between the two headsets ?, the website does not explain.

I’m assuming that this one is capable of holding phones with their safety covers still on , amongst other things.

Second question is when are you going to add more content and how much ?

Final question for today, is how do you or your content producers make money from the content ?

Suffice to say , I would inclined be far less critical if the share price was not so pitiful.

A constantly declining share price and a hugely negative investment balance becomes very frustrating and tends to have that effect.
Immotion share price data is direct from the London Stock Exchange

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