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IMMO

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Immotion – “pleased to announce” disposal agreement and shareholder return. How pleased should it be?

Immotion Group (IMMO) states that it is “is pleased to announce it has entered into a conditional sale and purchase agreement, for the sale of its Location Based Entertainment business… for an enterprise value of $25,211,739 on a cash free/debt free basis. In addition, the company is pleased to announce that it has completed the disposal of Uvisan Limited for cash consideration of £100,000”. So what of a share price response currently up from 2.2p to 3.65p?

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By Steve Moore
240 days ago

IMMO

Immotion – pre-close trading update, again just how “strong” is the trading?

Previously writing on ‘immersive entertainment’ group Immotion (IMMO), in June with the shares at 3.7p I questioned just how “strong” is the trading?. Does now a “Pre-Close Trading Update” help?

By Steve Moore
408 days ago

IMMO

Immotion – AGM update, just how “strong” is the trading?...

Previously writing on ‘immersive entertainment’ group Immotion (IMMO), with the shares rising above 6p in August last year I concluded that financial factors had seen me remain cautious and that with the market cap above £25 million I continued to avoid. So what of today a “pleased to provide” AGM trading update... and the shares at 3.7p?...

By Steve Moore
457 days ago

IMMO

Immotion Group – “another record month”, is it of growth interest?

Self-styled “immersive entertainment company” Immotion Group (IMMO) has made a trading update including “July being yet another record month. Unaudited group revenue was £1m, with unaudited EBITDA at circa £200k” – and the shares have currently responded higher to above 6p. Are they of growth interest?…

By Steve Moore
775 days ago

IMMO

Immotion – trading update, is the recent fundraise ‘mainly’ for new product expansion?...

A trading update from Immotion (IMMO) commencing that this “immersive entertainment group, is pleased to update the market on current trading” sees the shares 20% higher, above 4p. So what’s the detail?