Vr Education Share Discussion Threads

[hazl] 16/6/2020 07:48

Sorry for the repeats of some of those .
I wanted to read the announcement and comment without being influenced by various posts.
Thank you jammytass for 1240 and hastings for 1241 .

[hazl] 16/6/2020 07:45

'The COVID-19 pandemic has transformed the Group's fortunes as businesses, corporations and educational institutes globally are now seeking better alternatives to video-based communications due to limitations with collaborative tasks and the drawbacks of larger group communications via video as a medium. Our recently announced strategic partnership and investment from HTC places the Group in a strong position to accelerate the global adoption of the ENGAGE platform and create value for shareholders."

[hazl] 16/6/2020 07:41

'David Whelan, CEO of VR Education, said: " VR Education has positioned itself well in 2019 to identify and overcome many hurdles which had subdued growth to date and during the year ENGAGE became available on standalone devices such as the Oculus Quest, Pico VR and Vive Focus. The availability of standalone devices is of paramount importance to potential customers and, with these now in the market and ENGAGE being platform agnostic, I believe the Group is now well placed to become a leader in immersive communications. '

[ron manager] 16/6/2020 07:17

Listen to the management talk through the FY19 results on audio cast which was listed in the RNS and can be found at hxxps://immersivevreducation.com/investors/presentations/

DYOR

Ron

[jammytass] 16/6/2020 07:13

Analyst Meeting

A meeting for analysts hosted by David Whelan (CEO) and Séamus Larrissey (CFO) will be held at 3pm today via Zoom. Please contact Buchanan at [e-mail] if you would like to receive the dial in details.

[jammytass] 16/6/2020 07:11

David Whelan, CEO of VR Education, said: "VR Education has positioned itself well in 2019 to identify and overcome many hurdles which had subdued growth to date and during the year ENGAGE became available on standalone devices such as the Oculus Quest, Pico VR and Vive Focus. The availability of standalone devices is of paramount importance to potential customers and, with these now in the market and ENGAGE being platform agnostic, I believe the Group is now well placed to become a leader in immersive communications.

"The COVID-19 pandemic has transformed the Group's fortunes as businesses, corporations and educational institutes globally are now seeking better alternatives to video-based communications due to limitations with collaborative tasks and the drawbacks of larger group communications via video as a medium. Our recently announced strategic partnership and investment from HTC places the Group in a strong position to accelerate the global adoption of the ENGAGE platform and create value for shareholders."

[jammytass] 16/6/2020 07:10

Post Period End Highlights

· Partnership agreement with US-based VictoryXR, a world leader in VR and augmented reality content creation for schools and education
· HTC Vive Ecosystem Conference held virtually inside the ENGAGE platform in conjunction with HTC Corporation
· €3m investment from HTC Corporation and strategic partnership agreed for the distribution and licence of the Group's ENGAGE platform globally through HTC enterprise sales channels

[jammytass] 16/6/2020 07:07

Highlights

· Revenue up 43% to €1.0m (FY 2018: €0.7m)
· In line with management expectations the EBITDA loss was €1.4m (FY 2018: loss of €1.5m)
· In line with management expectations the loss before tax was €1.9m (FY 2019: loss €4.9m)
· Net cash at 31 December 2019 was €1.3m with no debt. Following subscription funds from HTC post period end, net cash position is c. €3.4m
· Loss per share of €0.01 (FY 2018: €0.03)

[jammytass] 16/6/2020 04:59

It’s been a while since HTC teased its next-gen VR gear, so we were half-expecting some new headsets at today’s virtual conference. Instead, the company appears to be shifting focus to something arguably more vital to its business: services. Today’s announcement is all about Vive XR Suite, which is an upcoming subscription package consisting of five VR applications that cater to various work and social needs. Think of it as the Microsoft Office for VR.

More importantly, these apps won’t be limited to PC VR systems nor standalone VR headsets of any brand (including Oculus, Valve and Windows MR), as they can also be viewed on a PC monitor and even a modern smartphone, meaning you can still somewhat interact in the virtual worlds if you left your goggles behind.

VR nerds may be familiar with some of these five applications. For starters, there’s Vive Sync which is HTC’s in-house remote collaboration service, and it’s currently still in open beta. Then you have Vive Sessions, which is essentially the integration of Immersive VR Education’s Engage virtual conference platform (as used by HTC today and back in March), and this lets you host up to 50 people per virtual location. Going further up the scale, there’s Vive Campus which will be powered by VirBELA, and this enables remote learning for up to a whopping 2,500 people on a virtual campus. Of course, there’s no stopping you from taking a quick break with fellow students by a virtual fountain.

[jammytass] 16/6/2020 04:52

wow just watched the you tube live steam this is going to be very big!!!!!
hp envolved!!! Vive XR Suite from various VR and non-VR app stores (you may also find this suite pre-installed on an HP business PC or laptop in the future),

[astralvision] 16/6/2020 00:42

Yes, reduced % just reflects HTC shares, that's all.

[hazl] 15/6/2020 19:15

Ah good can watch live stream.

[corrientes] 15/6/2020 17:39

Ah ! A newbie who'se not posted here before, but good at slagging off to judge by the companies he's interested in. How much are you losing on this one, sonny ?

[itsnotmeitsy0u] 15/6/2020 17:25

obviously one of the brighter posters on here.

[corrientes] 15/6/2020 16:42

Good - I got confused between percentages and numbers.

[masurenguy] 15/6/2020 16:19

Yes the link posted above seems to confirm that the Whelan's shareholding was just diluted by 20% reflecting the issue of shares in relation to the HTC investment.

[ron manager] 15/6/2020 16:13

See Major shareholder positions post HTC subscription shares at hxxps://immersivevreducation.com/investors/shareholder-information/

Dated 12 June 2020.

DYOR

Ron

[hazl] 15/6/2020 13:50

Yes, 12TH June is the date it changed; which was indeed the day they were brought to market.
I didn't see the concerns earlier, but I also feel it does represent the different percentage, because 20% more came to market which would be about correct dilution, I suppose for Sandra Wheelan.

We are just reflecting the wider market concerns in my opinion,today.
Most of the market is down.

I want to have some of these running because I'd love to see where these lead.
Huawei was a small relatively unknown company back in 2004 when they first came to Basingstoke trying to get a BT contract.
Look at them now.
This is a great company in a disruptive industry.

If its going to succeed it will still have a few ups and downs along the way.

[hastings] 15/6/2020 13:43

Of course Bones makes sense after the HTC investment

[bones] 15/6/2020 13:35

They are not sales. Just reflecting owners’ dilution following the 20% placing. I haven’t checked the physical number of shares as I’m busy but I bet they haven’t changed.

[hastings] 15/6/2020 13:10

Personally not concerned about the sales, could well prove a positive as it should be interesting to see who has taken them!Wouldn't be received at all well if the forward picture wasn't good with the results out tomorrow, so I'm expecting a decent tone and picture for the full year 2020.

[tonys8] 15/6/2020 13:05

Could just be a case of profit taking and lessening their exposure to AIM stocks. One never knows.