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again, if you lack so much confidence, why not just sell and invest in something you are happy with?
No i'm not happy that we are at 1.5p who would be. but fundamentally i am happy with the company, and thats what counts (for me at least!)
So James are you happy? SP walked down from 1.8 to c1.5p before placing (almost 20%).
We also find out that cash has dropped from over £1m on 30/6 to £477k 3 months later - a period when I think over £100k in warrants were exercised. Similarly Q3 revenues weren't great, growth has slowed, and costs have increased (probably due to new lab costs). New lab came on line 2 months late - but this was never formally announced.
Running a company well is partly managing cash too. Most of these big companies will have standard 90 day payment terms - so cashflow is key. Only last month GB told us cash wasn't an issue when he paid a £20k bill in shares - did he lie or did he not know the cash burn? Either way it's poor.
Revenue growth is clearly important but when is breakeven and what is profit target for 2020? If you announce a revenue target you MUST surely also be able to estimate profit at the same time.
I have a big holding here and do like what the company are doing but I have lost a bit of respect for GB this week. Hopefully he can win it back.
You don't say! :)
For how it could be worse. Check TLW. Lots of people have lost almost everything today. Real shame
I'll be honest. You don't sound convinced. Maybe not worth it for you?
Broker aside. I'm excited for the future here!
Whenever 2p happens to come..
You can tell skin is run by a good set of hands now, maybe not your traditional aim CEO. But I for one am happy about that!
We are also up on open price so clearly the market shows interest, how many stocks manage to hold or even go up a bit after a placing..
Good evening all
James - I don't mind GB ramping , in fact I would expect the CEO to do so, however, this shouldn't be in a RNS. Don't issue a RNS with £4m 2020 guidance (300%) uplift and then talk about £10m for the same time period a few weeks later in another RNS.
Similarly this should not be repeated without any research by the broker, TP, even though clearly they are paid by SKIN.
Surely their job is to do some number crunching and industry comparisons etc - what's a fair price for the share etc.
Instead they issue a 'research note' that reads just like the RNS without any added value.
I like GB and invested based on his vision and passion, however, 2020 is a big year for SKIN, I will reserve judgement.
I do think he has a big contract up his sleeve which I'm hoping will drop soon but even if it does I can't see us getting back to 2p (so c £20m valuation) any time soon. I hope I'm wrong
Come on shandy.. starting to sound a bit derampish now.
Most of the contracts are under NDA and so can't be explicitly valued.
In the end though. We will see the results. Infact you can see them already. Look at this time last year..
Can you blame gb for being passionate about his business. One he has substantial skin in?? I don't think you can
TP broker notes - notice these are really poor for SKIN. Seem to just rewrite the RNS with no actual research. Also include GBs ramping which he likes to put in the RNSs (thought these were meant to be factual e.g. how many £500k contracts have we signed to date when 9 month rev is £591K ?? ).
No added value IMHO
justdavie - that is quite an accusation to make public. Insider trading carries a prison sentence of up to 7 years. You think GB - who is successfully building a business that will benefit all including himself, will be involved in that over a placing.
Now that we have the cash to satisfy the worries of one, or possibly more clients, they should be signing the long term contracts as we speak. Trolls have had their day of glory over to us now.
New Broker note:
https://gallery.mailchimp.com/d9ebd7c1aa0f3dbc5fab42eca/files/98f1c8c9-6221-4064-8513-3f0fd524ccdd/Integumen_Company_update_9Dec2019__BG_FINAL.pdf
Guidance already provided by the Board suggests a roughly four-fold
revenue increase anticipated for this year compared with 2018, will be matched by a
further similar improvement in 2020. The incorporation of Rinocloud’s high margin AI
services offers potential for the Group to be generating positive monthly cash flows
within the next six months, with the weight of anticipated demand from global-scale
manufacturers potentially even testing the Group’s expanded laboratory capacity by
the period end
it wasn't really a random drop though eh james... as GB said in the interview, the placing was instigated around the 27th Nov when the SP was at 1.8p (after a few days drop from a test on 2p)... I'm sure its not the case (hmmm emoji) but placees could sell down from 1.8 to 1.55 and then buy back at 1.5. Easy money if you can get it. Was well telegraphed in hindsight, though I was expecting 1.6 and didn't act on that hunch higher up ... note the interesting pattern of input from certain rampy posters on here.
End of the day, it was naive not be expecting a placing to be fair. Been a while since GB said he wouldn't need one 'medium term' or however it was worded. But he is doing a great job and the company is growing very fast and making all the right moves & noises ... this placing is for very good reason... to accelerate that rapid growth to deliver exponential increases in revenue, and quickly.
Plenty of near term news catalysts in the pipe to push this right back up and that is where it will go imo.
Yep, i have to agree jd. Would be nice if GB could address why he thinks there was a random drop for no ostensible reason just before a placing.
I can only imagine what advfn is like now, all the trolls there will be congratulating themselves for getting lucky and finally calling it.
As has been said though, long term this is a win/win
I started buying at around 1.3p here before the summer, but having averaged up a lot, i'm also in the red. But seeing what is brewing for us going forward, i'm not concerned
btw kums, the sp was over 2p intra day fairly recently.
What is annoying is that the random sp decline before this news was due to someone knowing something they shouldnt.. thats just not on..
They now have even more skin in the game, yes the sp is disappointing, but the company isn't. Patience
We were thinking 2p six months ago. Well well now we know it takes a long time and even years to see your investment to see growth in a developing coy. Time and time again we have seen sp rise before rns or drop. That happens all the time in aim stocks. After investing here for 8 months or so I am in red. Lots of news but sp speaks for itself. Let's see if 2p comes in 2020 and if so when.