focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Superdrug's offering
https://www.superdrug.com/Skin/Fake-Tan-%26-Bronzing/Instant-Fake-Tan/Skinny-Tan-Choc-%27Get-Party-Ready%27-Gift-Set/p/800644
Boots has a ST gift set
https://www.boots.com/skinny-tan-wondertanned-gift-set-10289324
and for the guys the Charles and Lee gift sets are excellent value
https://www.charlesandlee.co.uk/collections/gift-packs
use loveit30 to get 30% off first order too
Hopefully some progress news at AGM - if Joe can awaken from his slumber!
Hope he's not thinking to take it private, at least at anything like these knockdown levels!
Mark Ward now at 15% so it appears most of the big buys were his. Does look more promising for IDP with him still accumulating and also now a non exec.
Hopefully £1 plus in the not too distant future
Even bigger buy today with ~171k. Someone has a very good feeling about this company which is always exciting to see. Was the announcement of it delayed to after close simply due to the size?
That's a very confident buy just before close.
This is great news, but really only regaining an unjustified drop.
Seems like it may be more positive director appointments?
I'd imagine becoming a non exec means he will indeed be sticking around.
Less than 2 weeks ago it was massively oversold and I think the next few weeks will get us back to where we should be.
How would I know?! But it looks likely to be positive news of some sort
Leaky meaning what?
I`d written off my 30% loss so to get back with a 0.7% profit in 1 day is wholly unexpected.
Will MW hang around now he has got back his losses?
We will see.
S
What’s up? Leaky?
Thanks FG and Shandy. Interesting views. I still see this announcement of the board as very positive. Strengthening the board with fresh insight will be helpful. I get that the Aussie may have done well in the early years, but based purely on the SP it’s not good recently. A fresh board that can give leadership without a massive time zone delay is such a simple fix and I’m confident will help improve theSP straight away. No brainer to buy now for both short and long term gains
FG appreciate your view but not sure if it's 100% accurate.
ST doesn't even have a retail deal in Australia and hasn't for a few years. The retail revenue increase was predominantly on the back of the Superdrug deal via an ex SD employee who was UK based.
Not sure how Australia can do any UK deals with the 12 hour time difference.
Nuthing was meant to be promoted in store by SD and well positioned on the shelf. I've seen no promotion and bottom shelf positioning (the worst position to have) - what are the Australia team doing about this ??
Finally, based on the last accounts it would appear the customer base is being increased at a loss to IDP - not sure how that's a positive.
I've been following this company for a while (and have chatted with Joe) - personally I've found him to be quite receptive/good. If you get to know him and his background...it's a great amount of intellectual capital to bring. I also understand that a lot of Harris' stake was bought by Aus shareholders - and ultimately, the team that took Skinny Tan to 10m in revenue in about 5 years was the Melbourne team, so more than happy for them to continue, I see it as a positive overall.
Going forward, I feel that the underlying business is going from strength to strength. Our customer numbers/sales keep going up and the further opportunities for cross pollination of new brands (Nuthing, Charles and Lee etc) into new distributors and markets (superdrug, priceline, UK, NZ, AU, US etc) is a very impressive runway that, to me at least, doesn't seem to be too hard to execute.
I foresee in 2-4 years that we have C+L, Nuthing, Skinny Tan etc stocked into all their existing main channels (UK, AUS) (superdrug, boots, priceline, myer, DJ's etc) + a few more bits and bobs on the side (US sales, prolong). I can easily see this producing ~20m in revenue -which, if they can keep a slightly better control aka FY 19, should be getting us 3-4m in profit. A very nice multiple given the current valuation.
https://www.proactiveinvestors.co.uk/companies/news/932284/innovaderma-says-search-for-new-chief-executive-progressing-very-well-932284.html
Edale Capital are proposing a new director.
No one can be overly impressed with Joe Bayer - now holds both Chairman and CEO position after booting out previous CEO who seemed to be doing a good job. When results were announced recently he was invisible. He needs to be promoting this company. How can this company be run out of Australia when over 80% of revenues are UK based?
As a long suffering investor in IDP, I am just hoping and praying that with this new appointment, Mark Ward is able to so his magic at IDP and we finally see the sp shooting upwards.
Agreed. This is a really exciting move here. It's someone with proven expertise PLUS significant skin in the game, and so will definitely drive up shareholder returns.
Huge appointment!
yes, great appointment.
Not convinced that Joe B knows what he is doing and being based in Oz with a 12 hour difference must make UK communications very difficult.
Hopefully Mark Ward's expertise can help expand the brands globally and maximise our existing customer database - rather than keep growing it at a loss as appears to be the current strategy.
Also hoping Mr Ward can help get us an UK based CEO as Joe doesn't appear to have the contacts
Interesting he has now been appointed as a NED, given that he owns c 12% of the business he definitely has skin in the game & is presumably confident in this being a successful business.
yes, getting US and Oz revenues up is very important.
Hopefully we should see more nuthing deals in the coming months.
Progress on prolong is long overdue too
Although no mention of potential £'s, surely this is a positive development ahead of the results this week. Although still minimal trading volume / interest in this share currently.
Haha. Was referring to REV but now you mention it, could apply to a lesser degree to IDP too. Time will tell.
the sell of 1717 at 9am this morning is my BUY!
Why do they do this??
brave to be buying Rev or IDP??