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 0.0% 2.85 280,004 08:00:00
Bid Price Offer Price High Price Low Price Open Price
2.80 2.90 2.85 2.85 2.85
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 3.61 -5.53 -2.12 11
Last Trade Time Trade Type Trade Size Trade Price Currency
10:26:50 O 6,896 2.90 GBX

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Date Time Title Posts
24/9/202009:04Immotion Group PLC 1,703
29/2/202014:19Will Virtual Reality give Real Profits ?263

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Immotion Daily Update: Immotion Group Plc is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker IMMO. The last closing price for Immotion was 2.85p.
Immotion Group Plc has a 4 week average price of 2.85p and a 12 week average price of 1.65p.
The 1 year high share price is 8.75p while the 1 year low share price is currently 1.25p.
There are currently 379,538,083 shares in issue and the average daily traded volume is 773,022 shares. The market capitalisation of Immotion Group Plc is £10,816,835.37.
orange1: So what is causing the surge in the share price today? Is it COVID 19 related? Has the government decided to use Immotion VR and headsets for cabinet meetings?
imperial3: Fast forward,a year from now,hopefully we shall have a very different picture,with the current share price consigned to history.By the way,we ended blue yesterday.
imperial3: It is a pity, that Higginson's recent exuberance,and enthusiasm,over the results of the current placing,are not shared by the share price,which continues to disappoint.
yump: In terms of the future price here, I'm in two minds. It hasn't had a big spike to fall off from. But it has had a placing at 6p and a very clear sell off at 10p (which I did say would be a barrier, although fairly obvious half way up from the low). So the future share price is going to need some very good news to get past 10p imo. You've just got to imagine how many people have shares from higher up, some who have averaged down and sitting on smallish paper losses and then what the placing lot will do if the share hits 8p and/or then 10p. I think the share price here will respond strongly, only when future revenue and profit can be pencilled in based on known data, not hope. Mainly because IMMO doesn't seem to have attracted the mad crowd of rampers and its heading for profit. That means its measurable, which means it can't be hyped on imagination.
cf456: Judging by recent newsflow and the obvious enthusiasm coming across in podcasts, the company is on an upwards trajectory and is entering a period of rapid growth. So all that effort is starting to bear fruit. The board is aligned with shareholders with decent skin in the game: hTTps:// so good to know that they will be motivated to continue to work hard in growing both the company and the share price in the weeks and months ahead. The CEO getting his hands dirty as you pointed out yesterday shows someone willing to get stuck in wherever it's needed and clearly committed to the business. hTTps:// As you say, they deserve to be successful.
cooltools: Very low liquidity is producing rises and slips on tiny volume. Decided to check my forecasts for the end of 2020, especially as hard figures are available in the interim results RNS. What we want to know is total revenues; then multiply by a sensible PER to get the market cap, then divide by number of shares to get the share price. The headsets don't go in all at once, so we halve revenue to get the average over the period. Simple arithmetic! Let's be as conservative as we can. Break-even has been promised for 400 headsets during Q1 2020 - let's say that's achieved by the end of Q1, so we have nine months to the end of 2020. Headsets are expected to be installed at 40 per month, which is likely considering the interest shown at trade fairs. I'm going to be really conservative and say they install 20 per month at high quality establishments - that's just 180 headsets generating profit (the first 400 cover break-even costs). They are bringing in £381 per week, so that's £1.3m profit averaged over the remaining nine months (£381 x 180 headsets x 39 weeks x 0.5). Let's choose a typical PER of 25, giving a market cap of £32.5m and a share price of 11.4p That's being ultra conservative. IMMO have set themselves a target of 1000 headsets by the end of 2020, i.e. not 180 more but 600 more than break even. That would require quite a hefty installation rate of 67/month if they meet the breakeven point of 400 headsets at the end of Q1. Plug the figure of 600 in and you get £381 x 600 x 39 x 0.5 = £4.46m, a market cap of £111.5m and a share price of 39p. I'm assuming that costs, including content creation, are covered by the "break-even" level of 400 headsets, and thereon all revenues become profit. Conclusion - a share price between 11.4p and 39p by the end of 2020, using ultra-conservative or optimistic figures respectively. They also assume markets are rational, which of course, they are not. Once IMMO turns the corner and the revenue stream is confirmed, the markets may well price in expected returns, giving a higher PER and therefore a higher share price. Success begets success, so we could see 2000 headsets by the end of 2021, and a share price around 80p.
cooltools: A quick bit of "sanity check" maths based on RNS of 30th July 2019. This RNS gave plenty of hard figures, including the decision to move to a partnership model. They are seeing the break-even point being Q1 2020 when they reach 410 headsets (using a mix of sales and partnership models). For new partnerships, we can expect £12,000 per year straight to the bottom line, possibly more as with experience, they are targeting the most lucrative footfall sites and have improved on-site marketing. So for the sake of simple, conservative maths, let's guess they achieve a further 200 headsets generating £12,000 pa - that's £2.4m revenues, by end of 2020. Assume a sensible PER of 20 - i.e. investors are cautiously optimistic but not ballistic. That gives a market cap of £48m. The current market cap is £19m, so we are looking at a 2.5x bagger by the end of 2020 and a share price of 17p. That seems eminently achievable and realistic, if not overly conservative. The share price only 3 months ago was about 10p. Happy to hear other viewpoints and opinions on why the share price is continuing to weaken. Currently have 0.3% of company, LTH.
bennywin: You said "all the disappointments " The share price is just one ! The share price will look after itself long term and they are steamrolling in the right direction. Directors think its a currently a bargain and I do too. Personally, I am extremely confident, and was to stop buying any more than 500k, but broke my rules and have stopped on 1 mill. Happy to sit back and wait for 2 years. Take a step back from the share price, look at what they have achieved in a very short space of time, and enjoy the ride.
cooltools: Now wondering if the IMMO share price will continue drifting downwards, until better news arrives. That could be in July, if they give a half-yearly update, with figures showing whether or not they are on track to break even by the end of the year. If they drop down to 5p again it could be an amazing opportunity to double the results of yesterday's calculations (anyone for a 14x - 36x bagger?) Keeping a close eye on these and topping up bit by bit.
cooltools: Smithy70 asked "What kind of market cap do people think this company could seriously achieve if it continues on a successful trajectory?" Here's my attempt, based on figures given by IMMO for financial year ended 31st Dec 2018. They had revenues (income) of £1.95m and made an operating loss of £4m, so the total cost of operation was the sum of these too, let's round it up a bit, giving £6m. At first glance, that sounds awful, so let's do a sanity check. Martin Higginson (CEO) in this interview hTTps:// gave a figure of 350 - 400 headsets to break even. Currently they have 200 headsets, expecting rollout to be quick, with another 80 going in imminently. They are expecting to reach this break even point this year. So, let's take the worse case, 400, that means each headset needs to bring in £15,000 per year on average (£6m/400). Assume there's 350 operational days per year, that's £43 takings per headset per day - not unrealistic at all - the charge is typically £20 for a 30 minute session. Half of that goes to the partner, so the income could peak at £20 per hour at full capacity - an average of £43/day over all sites and days doesn't seem at all unrealistic. So it passes the sanity test, that 400 headsets will bring in sufficient revenues to break even, and anything beyond that goes straight to the bottom line (see same interview). The question was what market cap could be reached? For that, we need the number of headsets in operation, before the market flatlines (competition, saturation, reduced novelty factor). At this point I think we need to guess, and best to be conservative, so I'll say 1000 headsets. As they expect to reach 400 headsets this year, that's only another 600, say over the next couple of years. With 1000 headsets, 400 cover costs and 600 are making pure profit. Each headset is currently bringing in £15,000 so 600 would bring in £9m profit per year. I believe that to be very conservative. Now to the market capitalisation, which involves the PER (Price to Earnings ratio). The profitable yet rather dull companies I'm currently investing in have a PER of 25 - 35. So let's take a conservative value of 20 for the PER. It can be much higher, if the market gets excited, e.g. BOO is currently 68. So, working with a PER of 20, we get a market capitalisation of £9m x 20 = £180m. Finally, the share price... there are 250m shares, so with a market cap of £180m that's a share price of 72p. The current share price is 10.7p so we are looking at a 7x bagger. If we're more optimistic, and say 2000 headsets, then we have profits of 1600 x £15000 = £24m, a market cap (still at PER of 20) of £480m and a share price of 192p, an 18x bagger. So the crucial tipping point is to break even with their 400 headsets by the end of this year, and then to be adding that kind of number of headsets per year. After 2 - 5 years we should be 7 to 18 times the current share price. Good luck all!
Immotion share price data is direct from the London Stock Exchange
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