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This is actually massive. Mark Ward really knows his stuff and how to create value. He's worked hard to get the turnaround underway and is clearly confident in the work done. Huge buying signal IMO. CLCO worth a look too on the same basis.
ive topped up before the bell too
https://www.londonstockexchange.com/news-article/IDP/director-pdmr-shareholding/15125847
LSE having issues reporting RNS's! Look at this one for a vote of confidence, Mark Ward has increased his holding again.
Some recent good volume & large trades, wondering if it is purely down to last weeks update or other moves underway.
Supposedly laser light does work for early and moderate hair loss and is also FDA approved.
I don't think you can claim the photos are faked although clearly light, positioning and styling can be used to enhance the impact.
IDP hasn't done anything with Growlase as they ran out of money and clearly any new product requires initial marketing spend.
When this was initially announced a few years ago i remember doing some research and there were quite a few alternative products on the market, often at a much higher price. Previously IDP had a hair loss product/brand (Leimo??) that was incorporated into Growlase so it wasn't really a new market for IDP. If it didn't work they would have known this years ago.
Previous CEO Haris Chaudhry was the guy who pushed life sciences - surprised we couldn't flog it to him - he's made over £5m out of IDP.
https://www.infrared-light-therapy.com/laser-caps-hair-growth/
Hey ShandyPants,
I agree, it’s a decent update and we should probably recognise it’s a corporate update as opposed to a trading one. From a rules perspective, I believe that means they are only allowed to update on items that have seen something change and not just update on revenue gains etc - although could be wrong.
If it was a trading update and they didn’t mention nuthing and roots that would be more of a concern for me, although to be fair the primary focus is undoubtably on Skinny Tan as that is where they are going to see the most benefit.
It looks like management know that Skinny Tan is the product that will move the dial faster than the other products. They can only do so much at once, and judging from previous RNS updates, there appeared plenty of fixing to do after Bayer’s disastrous reign.
The helmets weren’t cheap, but that didn’t mean they worked. You haven’t been able to buy one for ages (well over a year) and the website is a basic holding page (it even asks for a password which is strange). I think this is another “great idea” that the previous board had but then just wasted money. Before and after pics are easily faked - if a device like this worked then people wouldn’t do invasive hair transplants. My opinion is that it is probably snake oil being peddled by Bauer. If it worked they would have sold the IP.
I can’t remember who the awful life sciences guy was but he didn’t seem to have a clue.
It would be great if they had a broader product range, although I’m glad they now have the focus as opposed to just buying products and letting them die.
I’m not sure Charles + Lee has a USP - there aren’t many grooming brands that really do. It’s a sector which differentiates itself through marketing, hopefully the new focus on influencers will help the brand but at least the adverts for C+L aren’t as awful as adverts for ST have previously been.
Someone bought almost 3% of the company in one trade on Friday, if that’s an existing shareholder then we might see a tr1 next week.
If it’s an insider it’ll show real confidence in the future - fingers crossed!!
some good news but also some concerns IMHO.
Amazon tie up is clearly a positive as is sorting out the packaging - ST has about 4 products in black packaging, looks quite confusing to me.
However, we seem to be nowhere nearer moving away from being a 1 brand company. No mention of Nuthing or Roots so it appears these are less valued. Charles +Lee only has a retail deal in Australia and despite being sold online in the UK and the US it's presence is minimal. If this is a core brand it needs to be in shops. What's it's USP? It's not cheap and the mens beauty market has become quite competitive in recent years - Nivea, Bulldog, Rockface, Harry's etc . Incidentally if you haven't tried it use LOVEIT30 at the checkout to get 30% off.
Also slightly disappointed Growlase couldn't be sold. Those helmets aren't cheap and IDP spent quite a lot on research to 'prove' hair growth (the before and after pictures looked good). This must be a big market so surprised it couldn't be sold on, even for a low 6 figures. The only reason it can be discontinued at minimal cost is because all the stock and intangibles have been written off as per previous RNS.
I’m going to take this as a sign they’ve eventually managed to undo most of Joe’s dodgy business mistakes and can bring the company into the 21st century.
Absolutely crazy that previous management didn’t have a strategy around Influencers, they must have been the only beauty company that didn’t see value in it - maybe they were just too old to understand that’s how the z generation is influenced to buy now, they seemed content to continue using Facebook which seems mostly to be full of mums and dads - how was that sustainable? Let’s advertise to people who no longer go out clubbing... weird...
Also means they should start using better looking/none scary models, the ones they have previously used were a joke. Would have put me off buying the product.
The Amazon move is well overdue - again crazy that they weren’t on the worlds largest e-commerce platform...
Glad something is being done with life sciences is eventually - signals moving away from an era where Joe would buy a company or product range and then do nothing with it. That guy wasted so much money it’s criminal - our money!
At least we seem to now have a management team who are willing to make changes - I expect the next few updates to will be quite positive - it will be interesting to see how much revenue is gained from these new approaches.
I was very close to selling out however going to buy more. Gla
A very encouraging RNS this morning. The tie up with Amazon can only be good news and should lead to significant incremental sales. Product feedback there will be interesting to follow, as Amazon customers are, as a rule, pretty uncompromising. I'm also pleased they still see potential in Prolong. The JV seems a sensible way to exploit this and I like the sound of an eventual spin off, with Prolong's value being returned to shareholders. Finally, the options grant suggests Directors are confident today's share price can be significantly increased over the next few years. They'll only start gaining from the options if today's share price is at least 25% higher for at least a month in 3+ years' time. And they'll need a 75%+ increase over today's share price for at least a month in 3+ years' time to benefit fully. That's what share options should be - payment only by results.
Seems that progress is being made if I understand today's RNS.
And getting Neon on board should see more influencer types assisting.
Things are looking better....
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
shandypants2 - it's not a case of being touchy. And I'm quite happy already thanks. So no need for you to try and cheer me up. I just find your repeat button tedious. But hey ho.
LLoL - no, previous comment was when CRL was at 80p, now at 90p. Just stating a fact, no need to be so touchy . Since the previous post IDP has dropped c20% and CRL has risen c15% - so IDP now needs to rise by c100% to get to that level.
Next time i'll try to post something less boring for you, maybe it will even cheer you up a little.
Good luck all LTH
Agreed. I doubt that Mark Ward is kicking himself over CRL's sp....nor the rest of the BOD. Bloody hope not anyway !!
I am continuing to back the current Mgt team to deliver, but they will need this new FY to show it.
I am not sure the sp of CRL would be at current levels if they acquired IDP tbf . Give it 12 months, then let's see where we are.
Pretty sure you've told us that already shandypants2. Gets kinda boring after a while. Rome wasn't built in a day and all that.