VR Education Holdings

Positive maiden results; 2019 a pivotal year for ENGAGE

  • Sectors : Technology
  • Companies : VR Education Holdings

Ratings and price correct at time of issue.

  • VR Education Holdings

    Closing Price: 9.5p

  • RATING 07/12/18

  • PREVIOUS RATING N/A

DAVY VIEW

VR Education’s (VRE) full-year maiden results continue a positive message from its January trading update. We believe 2019 is building to be a strong year with the commercial release of ENGAGE and a broadening base of retail experiences (Apollo 11 VR and Titanic VR). VRE also confirmed that “Raid on the Ruhr”, a Dambusters experience, will launch in March. For ENGAGE in particular, 2019 is a pivotal year with the platform expected to gain traction across multiple industry players. We do not anticipate making any material forecast changes and reiterate our ‘Outperform’ rating.

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Mar 6 2019, 07:00 GMT

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