Previously writing on “immersive entertainment group” Immotion (IMMO), at the start of September with the shares at 4.65p I concluded with still a winning formula very much to be proven, I currently continue to avoid. Today “Trading Update, Proposed Placing & Subscription”...
Virtual reality experiences group Immotion (IMMO) is “pleased to report that since our last update on July 29th 2020, trading has continued to be encouraging across the sites that have operated during the summer period”. The shares are though a bit lower, to 4.65p...
Previously writing on ‘provider of 'Out of Home' virtual reality experiences’ Immotion Group (IMMO), I concluded in September I suggest “a winning formula” is still very much to be proven here – and currently continue to avoid. That was with the shares at 6.75p. They are currently at 2.725p… but that represents a more than 40% rise on the day following a “pleased to report” trading update...
“Immotion Group PLC (AIM: IMMO.L), the provider of 'Out of Home' virtual reality experiences, is pleased to announce its interim results for the six months to 30 June 2019” and also “agreements for three further installs in its fast growing Aquarium sector”. However, a current 6.75p share price compares to a 10p IPO little more than a year ago…
Immotion (IMMO) has announced “following the success of its recent VR installations into a range of high quality partners, that it has decided to focus its strategy predominantly on the roll out of its Partnership Model into high footfall locations. The visibility of higher margins and recurring revenues delivered from this model is, the directors believe, the best strategy for the group and its shareholders. To support this strategy, the company is carrying out a fundraising”…
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