The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
big purchase just gone through - 100k shares, over 0.7% of total number of shares. Appears someone is still accumulating.
Interesting times.
The fact that directors are buying into the company shows that they are expecting some exciting news... Maybe as soon as next week.
To be honest, it couldn't come sooner as am nursing a big loss atm. Would be nice if SP shot up to £2...at least I would be at breakeven point
Yes as they would be in buying purdah otherwise.
Intriguing. My average is exactly £1 so gradually clawing towards it unexpectedly.
yes indeed - maybe a sign that DTC revenues are performing well.
Also, means that Board has no knowledge of a potential takeover!
This is a mesage of confidence I think as why would he be buying now at this price otherwise?
InnovaDerma (LSE: IDP), a UK developer of beauty, personal care and life sciences products, announces that it was notified today that, Rodney Turner, Non-executive Director has purchased 10,900 Ordinary shares of €0.10 each in the Company at a price of 79 pence per Ordinary Share.
The new buyer appears to still be buying so maybe he knows something?
IMHO with no current revenue guidance it is difficult to say what a fair value is, maybe c80p.
It is likely that retail revenue in Q4 will be almost zero so the hope is that DTC remains strong.
If so this could give us may £12m rev and £1m profit for YE.
IDP last updated in early April. Maybe they are waiting for Boris's lockdown update on Sunday but if retail remains restrictive maybe a % of staff could be furloughed and some wages deferred.
In terms of covid i do think IDP is better positioned than many other companies - it has no debt, lowish wages and has an impressive DTC channel.
The downside is that the impact is during the peak sales period. This will impact cashflow - money spent in H1 on R&D and inventory is usually recouped in H2 when inventory is sold.
Having less cash to go into 2021 could limit expenditure and growth on IDPs other brands, and essentially we will remain a one brand company.
It might make sense to sell off the life science side (Prolong and Growlase). This was always Haris's baby, revenues have been limited thus far and i'm not sure IDP has the money and desire to focus much time and effort on these brands.
Nuthing appears the obvious one to focus on going forward IMHO.
Shandy better for you at 70p than 35p, personally not so sure it is undervalued. Low market cap but I am still to be convinced current sales will push the sp any higher, unlike the recent buyer. Don't hold myself, just purely interested in the story.
Interesting comment in Sunday Times fashion section on the rise of home tanning. It reported Tan-Luxe has reported 200% rise in sales during lockdown, might be of interest to some. To be fair I’m nursing a loss at the moment so on the look out for good news, but still.
Hi Shandy,
I’m new to the platform. Assume you have a significant holding of the stock? Whats your thought on its prospects? Apologies for such a wide question!
I agree, not a takeover approach currently - the RNS seems to prove that.
why the congratulations? This was 80p only c2 months ago - dropped to high 30s and now back up to low 70s.
All this recent rise has done in show how undervalued IDP is/was.
I can't see a takeover either but we are definitely on people's radar
Congratulations Shandy on the improved share price, you deserve it and more. However I cannot see a takeover in the current climate.
Hi - What makes you think it’s a Spanish manufacturing company?
The 4% holder appears to be a Spanish manufacturing company - The 9% holder is a UK value fund management company.
Clearly somthing has inspired this rush of buying. Maybe, in part the HC stock overhang has now cleared.
Another possibility is that they have received an approach re Skinny Tan which is, of course, the star in their firmanent. So the question that I ask myself is; "What is SK worth to a health & beauty consumer products company as a brand now established & to be built upon." As of yet I haven't answered my own question.
when the recent 4% of shares was acquired i am led to believe that IDP knew nothing of this until the TR1 was issued.
It is possible that this is merely a company or individual acquiring a small % of IDP and a TR1 will shed light on this next week.
If it is the start of an approach and the acquirer wants IDP Board support i suspect the minimum price will need to be £1.20 as this is the minimum price when the recent options can be exercised.
Should be an interesting week ahead
I am far from an expert and I understand your concern. However, the Company may be oblivious at this stage to the intentions of any third party accumulating shares ‘on the cheap’ ?
Good luck to all and let’s hope the SP continues to rise..
i hate it when one cannot plan investement on aim- spikes on no news- anything behind the scenes should not be allowed -if there is a bid in the offing isnt the company obliged to rns an approach even if it comes to nothing- anyone with insight please comment
Roll on Monday, could be in for some good news... Maybe even a takeover bid???
End on days high?
News Monday would be nice
Something difinitely going on behind the scenes especially as the SP has been steadily rising for that last few days.
Me thinks takeover bid is on the cards.
Wouldn't be surprised.. Idp has got some excellent products and most of its business is done on the DTC platform thus keeping its overhead costs down.
In my opinion its a sound company with a good balance sheet and very good potential to grow once this coronavirus thing has gone away and there's a semblance of normality again(You're probably looking at next year at the earliest before that happens. That's my humble opinion).
If I was looking to take over the company I would do it now whilst it's still cheap to buy.
dropped to 33p at 12:15, had me worried !
Its clear someone is very IDP hungry. Its my guess that like yesterday a big buy order is being worked. Let's see.
73p
Whats happened to the share price? looks very dramatic on Google.
Why not? Everyone's been getting as much sun as possible during the lockdown, one of the things that will help keep people sane. And it's not like melanoma has just decided to take a break....
there was also another large buy, after hours yesterday at 69.5p.
These shares will need to come from somewhere. I expect this to keep rising today. Also means over 2% of IDP purchased in 2 separate trades yesterday. If these are the same buyer someone is seriously interested