The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
£200k of the marketing spend was for Nuthing so no sales attached yet.
The launch of Nuthing also opens the door to potential positive newsflow going forward
H1 2020 results are a little disappointing IMHO. I was hoping for small profit so to make a £300k loss, albeit better than H1 2019 is underwhelming. The increase in marketing spend (up £600k) is the main contributor here - as it is not peak tanning season and we have a database of over 600k customers i was hoping this would be managed better. Essentially rev increased by £1.2m due to £600k extra marketing spend.
On the positive ST is going great guns - now in every Boots store (fantastic) and also 700 Tescos - well done.
The extra inventory will no doubt be partly to manage the big early 2020 order for Boots stores plus SD and Tesco etc, as well as stock for NU Thing roll out.
Roots is a bit of a concern, but i could see this coming. The product is ok, i use it, but packaging is poor and price is high. IDPs excuse is poor too.
FinnCap broker note has reduced rev just under £15m and profit to £1.8. This seems to be worst case scenario as Roots is massively down and i think it assume Prolong will not get Far East regulatory approval during period. I also think there C+L figures are wrong and too low
Personally i think ST will offset part of this can hopefully NU Thing may surprise a few and make more than the £400k predicted.
£500k of cash flowing out for Nuthing. Without that we'd be at £0.9million of cash. The broker expects cash to be £2.2 million at year end.
Inventory increased by £1.5m as they launch Nuthing and gear up for tanning season and skinny tan in all Boots stores and 700 tesco stores. Marketing to promote Nuthing and further promotion of skinny tan in boots. All geared up for H2 where they are already 17% ahead of last year. They seem well placed if they have a good H2.
over £2m end of June 2019 now down to less than £400k. That is some burn and funds must be looming. Wages up by £146K, marketing up by £642k. Need to get some control over their finances.