Vr Education Share Discussion Threads

[hazl] 21/10/2020 10:28

Well done on the links bensug.
You've got it!
Thanks!

[bensug] 21/10/2020 10:15

VRE has just posted up the full recording of the investor presentation yesterday. They also have done a nice job of seperately recording their answers to investors specific questions. Worth a look -note you will have to register for free with investormeet to see this.

[cer1th] 21/10/2020 10:05

I wish ADVFN would sort out the share price ..showing us down but we opened at 20p therefore we're up 7.5% today..

[hazl] 21/10/2020 09:54

With reference to your point above avsome!

[avsome1968] 21/10/2020 09:11

Wait till the afternoon yanks seem to like VRE they just love tech.

[hazl] 21/10/2020 08:40

But with VR you would be 'attending' and participating too.

[hazl] 21/10/2020 08:39

Much easier 'attending' the meeting on the investors presentation too.

[hazl] 21/10/2020 08:35

Seems to be holding 20 well..

[volsung] 21/10/2020 08:16

Its come too late for the Cubbington Pear Tree alas. Sad to see this govt proceeding with the HS2 travesty

[dubois] 21/10/2020 08:09

bensug

Re your last comments, I think you are correct.

Having already used VR for a meeting, VR is so much better. Do I want to attend a 1 hour VR meeting from my home in Cornwall, or do I want to travel half way round the world for a 1 hour meeting?

Nothing else to say is there!

[cer1th] 21/10/2020 08:03

Clearly the close yesterday was 20p..We're not down 9% and buys coming in..Very pleased to come back from my meeting and reading about the very positive presentation and share price in the 20's...VRE looking good moving forward

[masurenguy] 21/10/2020 00:22

Thanks for your outstanding contributions bensug. This is where thread interactions provide a really valuable source of information and discussion, which is sadly all too rare these days.

[bensug] 20/10/2020 23:16

Thanks all. Jammytass thanks for the link to the event. I had not realised anyone could attend - I'm going to sign up to this as I think it's really important to experience it yourself. I had tried bad VR before and wondered what the fuss was about, then good VR and it was like being on the holodeck in star trek.

I've been thinking about the role that VR will play post pandemic as a communications platform in relation to the following doubts that I have heard expressed.

1. It's no substitute for real life meetings/events and everyone will go back to that post pandemic,
2. People are not going to spend lots of time with a VR device stuck on their head.
3. It's a fad - people might try it once and then not bother with it as it's too much hassle.

My feeling is the above arguments are based on a false choice between VR and reality/video meetings etc. Of course people will go back to having real life events, meetings and education. However I think of VR as being like a new mode of transport - it's a new way of doing all these things that will work better than real life in certain situations, without replacing face-to-face interactions. The pandemic is obviously one such, but there are plenty of other situations e.g. globally distributed teams, homeworking teams, emergency training, virtual classrooms and countless other situations where VR is inherently better than the alternative, not to mention cheaper.

Also the low cost also means the market for events and meetings can be expanded to cover areas where at the moment it would be too expensive to arrange a meeting/event. The real cost of an event attendance is way more than the ticket price - think of the flight, hotel, entertainment, food, taxi etc costs. Companies will have realised how much they have saved by not doing live events, and many will have drastically reduced budgets for these over the next couple of years. Finally it adds a new dimension to employee interactions that is just plain fun and in the war for talent having this be part of the workplace could be a real advantage. Of course VR won't replace reality - otherwise VRE would be heading for a multi-trillion pound market cap (we can hope), but we don't don't need it to to build a seriously profitable company. I think of the pandemic as an accelerator for a pre-existing trend, allowing far more companies to experience this and work out how to take advantage of this in the future than would otherwise be the case. Unlike Zoom, who have probably maxed out their growth during COVID, VRE is just getting started.

I also think VRE have been smart to recognise they are a small company still and leverage their platform and skills through larger players. At this stage that is the fastest way to market, and it adds credibility to the offering that leading players in the space want to partner with and sell Engage. I would expect to see more partners signed up in the near future.

Finally, by sheer luck the pandemic has coincided with the launch of a new generation of headsets that are lighter, cheaper and tether free, helping to overcome many of the issues many had with the technology. This trend will only accelerate with the release of 5G devices.

[lukejfmccann] 20/10/2020 22:35

Nice one, you’ve witnessed some rollercoaster in that case. Fair play for holding through. A happy birthday for her indeed :) - you can tell her about it down the line..!

[microscope] 20/10/2020 20:51

Superb post Bensug, thanks. I bought a few for my grand-niece when she was born (she's two tomorrow!) because i thought it was a long term project that could become household if it came off, but was fully aware was speculative.

Covid has probably accelerated things and if they can stay ahead of the competition then at some stage when she is old enough she will enjoy the benefits hopefully!

I'm very encouraged by the quality of their client list and partners.

I suppose my biggest fear in coming years is a low-ball takeout or competition catching up, but for now things look pretty exciting.

[avsome1968] 20/10/2020 19:44

Good post BG///

[jammytass] 20/10/2020 19:36

hxxps://youngaforum.com/
mmersive Virtual Reality Experience - Showtime: 9am PDT / 12pm EDT / 5pm BST / 9am CST
$25.00 + $1.75 booking fee
Participate live & interact with attendees. For VR headset, PC computer or android smartphone users.

[hazl] 20/10/2020 19:31

I suspect we will get a mention from the Pires site again.
VRE is one of their investments.
This is what they said earlier this month.



Peter Redmond, Chairman of Pires, commented:

"The UN's use of VRE's ENGAGE platform for its annual 'Global Youth Takeover' event is fantastic news. With the COVID-19 pandemic forcing physical events to be either postponed or to go ahead without an audience, the move towards virtual events being held was inevitable. The ENGAGE platform will enable the UN's event to go ahead as planned and will offer delegates a truly unique, immersive experience.

"VRE have seen demand for its ENGAGE platform accelerate as a result of the pandemic, and this event will no doubt further enhance VRE's profile globally. Having been designed primarily as a communications tool for education and training, ENGAGE has now been quickly adapted to address the needs of a variety of industries and event organisers as they look to generate revenue without audiences in attendance. We therefore look forward to updating the market with VRE's progress in due course."

[hazl] 20/10/2020 19:13

Yes. I appreciate that but I seem to remember getting round it by clicking on EDIT.
Going to xx and then putting CAPITAL TT in.

This might have changed,apologies if so.

You can only do it by returning to your post and literally changing those two letters.

[jammytass] 20/10/2020 19:13

good post bensug

[bensug] 20/10/2020 17:08

Hi Hazl,I think Advfn changes it automatically to xx unfortunately.

[hazl] 20/10/2020 17:01

Thanks very much bensug.
I missed the beginning through technical problems, so helpful.
I understand we can look back?
If you wish it would be helpful if you changed the hxxp to http, if you edit your post then it's clickable, however it is still useful as it is.

IMO

[bensug] 20/10/2020 16:47

My notes and thoughts from the Investor Meeting today:

1. They don't hire many sales people as they are very selective. This means that they believe the channel strategy will be the main driver of growth, although they do have sales reps in Europe and US.
2. They think the HTC China launch will be a real game changer for them. They feel the Chinese in particular are very open to this and HTC has wrapped Engage up in a package that is being sold as a VR solution for companies - they heavily featured Engage in their advert for this
3. They are finding they can continually raise prices for the events. Given that the budgets for events are currently being unspent, and the massive savings vs real live events (including travel expenses etc) it is not surprising. They are gunning to get a large number of events in the bag before the end of the year as budgets are there to be used up by year end and also often booked for next year before year end. So expect to hear more news on this before year end.
4. The events are a great advert for them - they are getting lots of interest in the engage platform as a communications tool for teams after they do an event for a company. So each event booked potentially adds another opportunity to their pipeline. This is really key when you are trying to do projections for potential income as although the events are highly lucrative, an even larger market is the subsequent rollout within customers, and this is recurring revenue. Moreover as they record events it provides great showcase material for further sales. As a form tech sales exec I can see how this woud overcome objections - when you are selling a new concept like this internally you need evidence that it really works well to remove doubts from the budget holders minds.
5. Typically post event they roll out Engage in a pilot for a couple of months to a couple of hundred users and then if they are successful at getting a contract it is charged on a per seat basis per annum.
6. They plan to update the market on new earnings expectations at the end of the year.
7. They are currently on track to break even in 2022, and don't expect to have to raise before then. However given the rise in revenues they are probably going to shorten the time to breakeven when they announce an update at year end.
8. They are going to create some high quality collateral from the upcoming UN event featuring Pitbull and expect this to really charge their sales funnel.
9. Engage does not need high bandwidth internet as they are not streaming video - means it can be used in developing world and china or rural locations. Will be hiring more customer service people as it does need an event host.
10.Competition exists but not direct (e.g.Zoom etc).
11.They are benefiting from "Zoom fatigue".
12. The main objections are at senior level where people have not experienced good VR so they try to do the selling within the platform.

[corrientes] 20/10/2020 16:33

I take your point.

So far, they're making all the right noises and are achieving a higher profile where it counts, but it all boils down to revenues and profitability at the end of the day.

Fingers crossed that, even at this early stage, the potential earnings can soon be gauged, and if promising, then it's off to the races.