Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Surface - I disagree. A transformation at IDP is most definitely needed if decent results are to follow. Skinny Tan is obviously the main brand currently. But part of new management's role is to diversify the company, making it less seasonal and less reliant on a single product range. I've always had concerns that Mark Ward could take the company private, offering PIs a cheeky lowball price. But given his existing stake, I think it's unlikely he'd want to run the company into the ground, simply to pick up the remainder on the cheap.
Not really a transformation needed here, more just about results. Give 6 to 9mths max, new management will have been around 18 months and we are really talking about the one big brand. At current prices watch for a takeover from within. Would save the embarrassment of rebuking CRL and what that offer would have looked like.
Only a missed opportunity if you need to withdraw funds short term. Otherwise the jury's out until we see whether new management can add more value than Creightons' offer would have. Personally, I'd give new management 12-18 months before deciding either way. Transformations like this require patience before we can see whether they've truly (& permanently) turned things round.
The CRO offer would have been BE, now it is a lost opportunity. I think the board erred by not engaging with them as 70 or 75p might have been a possibility. The pressure is on BOD now as you can't keep blaming previous management forever. The next 6 months will be telling.
Depends when you bought. Didn't find it too painful holding IDP today.
Just plain painful staying in this stock.
Yes, its not a great product - I tried it and have to agree not great. I am told the wax removal is good, but not one I tried.
I think the new Mgt team need to do more on that front - I'd like to see IDP and the new CEO being a bit more aggressive on that front. I do think we are lacking visibility and no real view of where and how growth will come.
Anyone else noticed the very mixed reviews for IDP's recently launched Nuthing range? Admittedly, there are fewer than 20 reviews for any one product on Superdrug & Beauty Bay so far. Meaning the scores could improve. Who knows, it might even be the competition trying to sabotage a new player! But I somehow doubt it. Pre-launch, this was billed as the first major disruptor in decades for the hair removal sector, set to take the world by storm. Sadly, to me, it looks like a bit of a botched launch. I suspect there was inadequate market research pre-launch to ensure the products lived up to their claims. Several people say it leaves the skin red & prickly. Others claim this is a hair removal product which doesn't actually - errr - remove hair. Mixed reviews make it much trickier to persuade new customers to trial. And if repeat purchases are poor, Superdrug won't hesitate to delist. Not a great start, IDP.
https://www.piworld.co.uk/company-videos/creightons-crl-full-year-2021-results-presentation/
According to their results presentation last week (excellent results BTW) they have earmarked an additional £20m for future acquisitions. IDP approach gets covered in the Q&As.
LOLL- don't shoot the messenger!!!
Looks like they are buying elsewhere
https://www.lse.co.uk/rns/CRL/acquisition-of-emma-hardie-limited-and-tvr-si5ckde47pwvwmk.html