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Started: muzmanoz, 26 Apr 2022 10:04
Last post: lordloadsoflolly, 29 Apr 2022 18:34
Still puzzled why Creightons haven't come back for a third bite at it. Unless they no longer see a way to turn things round.
with the current BAR bid price of 65p i make it now c32p, so any premium has disappeared.
Agree, that as IDP has run out of money (again) not much choice.
Regarding access to Boots and SD do they mean that they can get more BAR brands into these stores and maybe more IDP ones into supermarkets? If so that would make sense.
Incidentally was in a small SD store recently and was underwhelmed. A decent ST range but a little hidden away with Bondi and St Tropez getting the top shelves. Couldn't find any Roots or Nuthink which is a concern
I had a quick look through the scheme document. Nothing very new although I note that they calculate that between the offer and the publication of the document the total value of the consideration has dropped from 47.9p to 35.6p. Doesn't seem much other option for Innovaderma as the directors say it needs further investment.
They talk about maximising Innovaderma's access to Boots and Superdrug and BA's access to grocery chains.
Anyone else had a look?
Started: ChrisTypeR, 31 Mar 2022 08:59
Last post: justfacts, 6 Apr 2022 23:57
Seems a little bitter that lemonade... ?? Plenty of value to be had in BAR and of course synergies. Nice director buy today. Onwards and upwards for IDP and BAR
But I do not own IDP anymore, sold them for 33p a share cause I don't want BAR shares.
This is the formula for NNWC:
Net-Net Working Capital Per Share (Q: Dec. 2021 )
= (Cash And Cash Equivalents + 0.75 * Accounts Receivable + 0.5 * Total Inventories - Total Liabilities
- Preferred Stock - Minority Interest) / Shares Outstanding (EOP)
= (17.284 + 0.75 * 5.08 + 0.5 * 2.655 - 15.44
- 0 - 0.181) / 17.320
= 0.39
NNWC is a much fairer view than Net assets imo.
And yes there's little upside priced into BAR. But I will wait till it drops to around this before buying as again, the recent RNS is not good. I fail to see why revenue should have dropped that much.
I did not buy IDP for it's NNWC, management looked like they could turn it around.
I don't subscribe to that site so can't see where these values are coming from but all these sites should only be used as a guide - for instance it states the enterprise value is minus £4m - which appears to be deducting the £17m cash from the current valuation. This is clearly wrong.
As i said the net assets (so liabilities have been deducted) are £22m as per H1 balance sheet for BAR but i have taken off £10m intangibles so £12m. This £12m includes the pension liability. Current valuation is £13m so no upside is factored in.
BAR shares were almost 200p this time last year so it appears the impact of bad mgmt has already been taken into account.
Incidentally IDP, which i presume you own, had net assets of £2.2m of which £400k is intangibles. So based on this each share should be valued at c7p.
Both IDP and BAR decent value at these prices IMHO. Clearly if mgmt continue to make mistakes then both could go even lower
Although I'm not saying BAR has bad management yet but they are unproven and revenue going in the wrong direction doesn't really help that.
Bar has more to drop yet before it's attractive right now given how hard it is to forecast their future results imo.
Started: lemonade311, 31 Mar 2022 11:49
Last post: lemonade311, 31 Mar 2022 12:57
I see, that would make more sense then.
Thanks
Lemonade311 - I believe it is in connection with the cross company guarantee from the CBILS loan facility ST drew down on.
For the JV to happen, Ergon couldn't have a guarantee over its head.
This is unbelievable. Surely a related party transaction. Always though Ward had things his way, particularly as the Chair wouldn't stand up to him. Disappointed to say the least.
- On 3 December 2021, InnovaDerma plc signed a deed of release forgiving in full debt totalling £805,310 owed by the Ergon Medical Limited to InnovaDerma plc and its subsidiaries. It is this debt forgiveness that gives rise to the loss on disposal of investment in the period.
So if I read this correctly then IDP loaned the joint venture Prolong £800k and then just wrote it off? So essentially as IDP only has 50% of Prolong we just lost £400k by doing this while Mark Ward gained £400k essentially.
Last post: shandypants2, 21 Mar 2022 11:00
H1 numbers should be out in the next week or so and hopefully there will be some positive comments on H2 performance as the new marketing strategy beds in and the country opens up - both the weather and lack of travel restrictions are encouraging. This has slipped from c40p in the last few months on no news.
Just took advantage of C+L 3 for 2 offer currently via the website.
Creightons hasn't been immune to wider market trends either. Closed at 75p on 21 Feb 2022. Currently 53.5p.
You are right about shareholders in the red Lord. Me included !! The ghost of Creightons in our memory??
surface - not sure why you "fear MW has his hands all over this". I'd say hands on involvement from him can only be good, given his track record. And yes he will be underwater currently. But then a lot of shareholders are in the red on a lot of shares right now.
Yes Shandy, that is a traditional NED but i fear MW has his hands all over this from day 1. Unfortunately I suspect he is underwater on this one even with the gracious buy in at 35p. Looking for their half year result which in the past was out 3rd week of Feb. Cash will be critical.
Started: TheFatGeneral, 28 Jan 2022 04:56
Last post: shandypants2, 8 Feb 2022 16:21
Investor meets from last week - Q & As now updated.
You need to be registered so not sure if the link below will work.
Good to hear that Amazon margins are essentially the same as DTC. Answer re reducing ST seasonality was a bit poor - waffled about US and Oz having different peaks to UK. Yes, but as 90% of rev is UK based not overly relevant
https://www.investormeetcompany.com/investor/meeting/annual-general-meeting-32
Questions:
A few questions to begin (some of these might be answered in the preso)
What's happening with the overdue debt?
Any luck in recovering and any comments re doubtful debts?
Payments to contractors where it is unsure any value was obtained for IDP
Have we sought legal advice to sue for non delivery of contract/recover monies?
I've noticed that ST is no longer stocked into local priceline- is this range still being stocked by priceline?
notwithstanding the focus on core business (ST in the UK via B2C) - what progress to expand retail distribution?
Any comments on US? Prior announcement of a new US distributor hasn't seemed to drive much revenue - any luck in getting traction amongst retailers/distribution partners in the US?
Neon management - been a while now, beyond Liberty, what have they done? Is the partnership working - any comments? Have we lined up future NPD with Neon as a partner re influencers?
Acknowledging that we are focusing on ST - any chance of seeking partners/JV's (along the lines of Prolong) for the other junior brands? (Nuthing, roots etc)
Any commentary re change in behaviour since UK recently reduced restrictions? (admitting it might be too soon to know)
What's happening with the move to consolidate into the UK? Noticed job adds for aus, how do management feel about how the business is spread out/appropriate to where revenue is/where is will be?
Hi,
Quick summary and take away points from the AGM yesterday.
I liked the fact that we are now getting updates from the finance director - shows a good sense of control/oversight. Overall I got the feeling that management (only really heard from Blake and Andrew) are reasonably confident going into the peak tanning market.
They definitely seem laser focused on Skinny Tan and looking at how to grow and expand on their marquee brand - a mention was made around the notox range and the opportunities in NDP that exist to capture more market share. I got the impression that the Liberty deal is working and this or something similar is what they will look to do in future. Other than the key buckets (incubator stage etc) no real mention of what is happening with their other brands. I was hoping for an update on the JV re prolong but probably a bit too early. Was interesting that they have now pushed a significant amount of sales through Amazon (when the preso is published I can confirm but think it was something like 20%), will need to get a handle on if this is new sales and other channels have hugely declined (brick and mortal due to restrictions) or are we seriously losing ground and amazon is sort of masking it. Overall revenue is lower but lots of moving parts so hard to say. Best case - the other channels kick back and we still get this amazon tailwind - but probably an element of people shifting how they purchase our product. Questions got asked about funding and if it's likely they will need to raise - other than the usual comment re if it was in the best interest of the company at the time - they seemed very confident they wouldn't need to raise any more capital, mind you this was followed up with comments that they're seeking to drastically reduce marketing spend on social media. Will be interesting to see how much is people buying because of an add in their face v strength of the brand and they will buy from us regardless. Lots of comments around trying to re-market via cheaper means (email) to existing customers. Overall I came away with the impression that they're going to rely more on the strength of the brand + existing customer base to drive sales with a very low marketing cost and reinvest marketing dollars into influencer partnerships and pushing NDP -- probably a good thing, but does run the risk of losing sales and acquisition of new customers...sure you might spend more to get the 1st sale, but the LTV might be huge - need to remember 5 years ago we had hardly any customers so still a young brand in the land grab stage. That said, overall happy with the strategy and will wait to see how it tracks.
I had copied/pasted a bunch of (quickly written) questions - the stupid program got rid of spacing, but hopefully management publish soon.
Started: gregpeck7, 3 Jan 2022 22:10
Last post: shandypants2, 5 Jan 2022 15:39
IDP has just purchased the remaining 4% of ST for £520k so that equates to £13m for the whole of ST. When ST was initially purchased it was the 80% owned by the founders, the other 20% was held by the 2 dragons who originally invested via Dragons Den.
These guys are not stupid. If they are prepared to sell now for the price agreed then £13m seems fair value. Only last year CRL tried to buy the whole of IDP for a low ball 44p per share offer when there were less than 15m shares in issue (so c£7m). It might, and hopefully will, be worth more in the future but the 3 x revenues that St Tropez achieved when PZ Cussons purchased it a few years ago won't be repeated in these covid conditions.
So we move into 2022, why should we be buying into this story?
1. HC is gone - we now have a board / non exec board who are accumulating and buying shares and not selling.
2. Skinny Tan is a fantastically successful brand and the "jewel" in the crown. Personally I would value it at between 30 and 40m (now)
3. IDP is going neutral / net profitable next year.. We wont see more raises. This company will not be acquired on the cheap.
4. Predators are circling. We know Creightons want this (even if their approach was rebuffed). Personally I think the fit here with THG and the Nasdaq listing this year (rumoured) of their beauty division, this would be an ideal value add to that segment.. And they have around a billion in the bank to spend.. Plenty of other suitors out there though.
5. This is priced to fail still (not succeed) the market cap of around 10m is utterly ridiculous and in no way reflects the value of their brands, or their future prospects. This is a multi bagger for sure.
6. Stock will be tight. The main players here know the cats coming out the bag, the turnaround is on, they are loading up (Mark for one).. There simply are not that many shares to go around. And unlike the HC days, there is no leaky chairman... How frequently recently has it been impossible to even buy 10,000 shares!?
7. The business is now run by business people. I think this is self explanatory. Margin is being put front and centre and rightly so. This is a premium product stable and offers pricing needs to be "right"...
8. Prolong is now being fast tracked via a dedicated team with IDP on a free carry. This product still has tremendous potential but was never a natural fit for IDP, but this does not mean they cannot greatly benefit from it being a runaway success elsewhere.. This space needs to be watched.
9. Amazon Prime (Amazon fulfilled) distribution network established and running well (making a material impact as per latest IDP commentary). How many of us now use Amazon as the "go to" platform.. IDP leveraging Amazons distribution might is the right thing to do and will only lead to bigger and better things..
Finally 10... Getting relevant celebrity influencers onboard. Liberty is just on the money as the ideal person to push this forward at scale. This is a 10 / 10 appointment. I cannot wait to see how much stock this link up shifts, but for me its going to be a large amount.
In summary they know what they are doing and the turnaround is in play. We should all be loading up here hard... I think triple digit share price will be back very, very soon.
Happy new year all!
GP
Started: gregpeck7, 5 Jan 2022 09:24
Last post: gregpeck7, 5 Jan 2022 09:24
Its always a VERY good sign when the muppet brigade arrive.. I do love the "factual ramping" accusation.
Have you ever been near NCYT, MTRO, GKP threads? Its sometimes 100 posts a day of "ramping"..
Yes I am bullish here, but a few posts a day - sometimes none.. If that is literally the best criticism you can come up with.
I know how to value brands, and I look for undervalued companies - people can disagree on levels of valuation - that's what is called a market, but I will try and explain the basics to you.
You cannot value "a brand" based on just a P/E. There are a lot of costs to setting up and establishing a "well known" brand... You cannot just transplant knowledge of a product into the general population via some sort of cost free method. Yes some brands go beserk and that is great but generally speaking you build a brand over time, using a combination of capital, time and commitment. Clearly you also need a relevant and attractive product.
Now IDP have for me a great "brand", and great product, but in recent years the focus has more been on the chairman sorting himself out and the business has been a side issue, he just wanted the best possible return. But the brand investment did continue. If you look at the marketing spend IDP have made over the last 5 years what would it be? 10 , 20m? Thats all brand investment.
Skinny Tan is now a highly recognised brand, and that is getting stronger. Those are sunk costs but they are building a product and a brand, that will be very attractive to a number of suitors or clients (IMO)
The problem for IDP and to maintain the brand value, they basically need the brand to cover the costs of the business for me. The reason the shares went so low is because a cash raise (placing) was required. If they can make the brand self sustainable - which I am very confident they can, then the brand becomes worth multiples of the market cap. Whilst the brand is still growing and requiring capital input greater than the business have, it will be vulnerable to low ball takeout activity.
Growing a business to this "next level" and then getting the 30 - 40 p/e in place is the phase we are now in. The mgmt need to show they are on a net profit / flat trajectory and that the business is sustainable - I believe this is being demonstrated. The market is waking up to this, and I am telling you, it will wake up to the fact that this is worth a lot of money right here...
I use the THG Beauty example a lot because I think it is a good fit, but (for me) THG buy this and they push sales up minimum x 10, they drive down costs and they turbo charge the marketing and they have a super product on their hands.
This is all about building a great product that someone eles can take to the next level. I say THG but there is any other amount of companies that could do this.. IDP then create another superstar offering. Or they get taken out completely and make products for the new incumbent. Either way we as shar
Started: gregpeck7, 30 Dec 2021 11:26
Last post: Surface, 31 Dec 2021 23:09
Keep ramping into 2022 Greg
Someone is loading up... No shock. Great level to average in... 2m profit next year would see a mkt cap of 60m... 6 bagger from here..
Started: gregpeck7, 30 Dec 2021 09:11
Last post: gregpeck7, 30 Dec 2021 09:11
Great day for volume again yesterday and the day ended with some very large buys, accumulation continues at these levels. Quiet so far today, but when 40p is properly breached I think this will very quickly hit 50p.. These should be trading far far higher now. Creightons results out today, seem to have gone down well.. Will they come back with another offer for IDP?!
Very interesting play here . Worth researching.
Started: gregpeck7, 27 Dec 2021 12:31
Last post: gregpeck7, 28 Dec 2021 21:21
New day tomorrow. First trading day since RNS announcing Mark’s increased stake. I suspect he will be in the market for as many more as he can possibly get at these prices. Load up IDP team. This is gonna be one hell of a 2022..
40p taken out tomorrow imo.
So as we move towards Wednesday. The impact of the after hours trading rns will be felt. Mark is clearly filling his boots. Personally I think he will grab around another 10 percent of the company. He has deep pockets and he knows what is going on here. Why would you want to not get the maximum benefit from the fruits of all of your hard work. And what has he got planned for prolong? That’s a free non cost hit for IDP now. Gonna be some serious demand for these equities in the coming weeks and months. The small recent rises will seem like the calm before the storm. Hold and buy. I plan on taking more. Hoping for around 1 percent of IDP is my target holding.
Started: HighFive., 23 Dec 2021 14:08
Last post: gregpeck7, 24 Dec 2021 23:26
Brace yourself for these low post count jealous after timers who cannot get over the fact they missed the bottom so now decide to try and talk down a stock the day a non exec director put 130,000 quid in. Feel free to buy on Wednesday.
Keep ramping chaps, hope it works for us before the next cash raise. The numbers don't quite stack up and cash would be tight after the 1st half. Really can't see what they are doing different except blame the previous lot, even the language is the same as before. Proof will be in the 1st half results but certainly think something is afoot and don't think MW is doing things for all shareholders. He is like every other entrepreneur and will sell out the company when he thinks he has made enough.
This is now looking very attractive again after several years in the doldrums. A very powerful post from Mark Ward yesterday - his arrival signalled a future change in fortunes for this company, as he is a serious entrepreneur with a proven track record. Looks like he's stabilised and turned the business around in a remarkably short time-frame, and, with the relatively few shares in issue, this is likely to see the kind of jumps that some of us enjoyed about 4 years ago. The company had large ambitions then and, in my view, tried to run before it could walk, but it now has a master business tactician at the helm and is on a much surer strategic footing. Glad to be back on board today in the thirties and shall pick up some more at these sub-50p levels as funds become available. Seasons' Greetings one and all!
He’s also a large holder of ALGW.
Hope he has been spending time with the team there and can spin some magic.
Also noted on LinkedIn that CloudCoco is another that he’s involved in.
Perhaps one to keep an eye on as it is a IT service company which seems to be his area ….
Interesting (& perhaps telling) how Mark Ward's article suggests he's running the show. Whereas, he's actually a NON EXEC Director (albeit with the largest shareholding by far). Not that I'd complain if he was in charge, given his stellar track record elsewhere & his obvious confidence in IDP (given his ever-growing shareholding) .
Started: gregpeck7, 24 Dec 2021 17:29
Last post: gregpeck7, 24 Dec 2021 17:29
Take the hint people.
He has not finished imo.
And merry Christmas!!
Started: gregpeck7, 23 Dec 2021 11:29
Last post: gregpeck7, 23 Dec 2021 11:29
10k share limit. This is starting to get traction
The city have read the update, the numbers don't lie, its taken a while. Zero SP weakness and now the buys are coming. All the placing recipients could be averaging down here (miracle opp)
FOMO pre christmas setting in. This share price is bonkers...
Fill them boots.
The peck now has a nice load.
Started: gregpeck7, 20 Dec 2021 09:24
Last post: gregpeck7, 23 Dec 2021 10:05
Stock continuing to get tighter and slowly edging up...
In other thoughts has anyone considered Skinny Tan to potentially be an idea addition to the likes of THG's beauty stable - and they have a huge war chest...
I don't see it lasting as an independent entity as long as these low equity prices persist...
GP
Also in summary this company has to be seen through different optics...
HC ran this down, he ramped it up but was ultimately putting puppets in charge, selling stock in dodgy ways and basically just trying to extract his equity.
Mgmt team now are totally different, Mark W (for me is doing the opposite) .. He sees the value but wants to grow it and nurture it. His "out" will be via private equity or a takeover IMO. It will not be selling in the market.
In more general terms the board are buyers of stock, the fund raise was significantly over subscribed, and I for one cannot you cannot buy into this business at these levels, and skinny tan is a fantastic business.
Sensible valuation will follow through here I am sure, the company is being run for the benefit of shareholders (not HC) and that is the big change. The brand is being well built, not pumped...
This is going to be a major success story next year IMO.
Load up now while you can as there will not be many shares available at these levels. You will look back and think about what might have been...
GP
Shandy seems to put zero value on the brand itself. Companies like this are all about building a brand. There clearly IS a turnaround in progress, as they state its gaining traction. They also say they are self sufficient now.
Margin improvements like the ones being reported are exceptional, especially when costs are rising.
Amazon shop is a massive plus and its not easy opening on Amazon.. All their stock is prime as well
They are doing all the right things now, Less revenue but MUCH more profitable than previously.
Remember this is 8m mkt cap! That is insane for this brand. I firmly believe another takeover will come knocking on the door at the VERY LEAST. Skinny tan is worth a lot of money, notoriously hard to measure brand valuations, but the pricing here is on its knees,
You can tell there wont be many shares bought down here as if you try and get a quote for a decent amount its always negotiated trade. Once a few larger buyers show up the 40p range will be back very quickly, at 70p its barely over 16m. There is so much equity potential here.
Also look at historical moves, once this thing starts moving up it does not do steady!
GP
I imagine marketing was high due to being concentrated on Facebook as per the RNS and FB advertising cost rocketed due to the lockdowns.
As they diversify advertising costs and as prices stabilise now that lockdowns will not be a thing then it should bring down the advertising costs for Google, FB etc.
I think revenue increasing 50% in Australia which had less lockdowns (according to the RNS) is a big sign of what will happen once the UK stops locking down.
I do believe that this is a turnaround. The risk-reward being offered is very good now and could become a classic peter lynch 10 bagger.
The reviews of the new products are very very good and so is the new branding.
Gross profit is only one indicator - currently IDP spend c40% of revenue on marketing and has done for a number of years. So despite having c1m followers on facebook, instagram etc it seems this expenditure has not dropped.
So for example if IDP made £15m rev p.a (a 50% uplift) that would be a healthy £9m gross profit. Yet if marketing was still at 40% then that's £6m cost so that leaves only £3m to cover wages and admin, which are currently c£3.5m.
Since the new BOD came in the marketing i receive has barely changed and i was being offered £10 deals for black friday, as i have been for the last 3 years.
If IDP get on top of the marketing spend and you could be right. Let's see how H1 looks - last year H1 was a disaster so it should not be hard to improve on that.
Started: gregpeck7, 9 Dec 2021 13:31
Last post: Surface, 17 Dec 2021 08:47
I am afraid the ghost of CRL lurks in the corridors. This has disappointed with all the hype of Ward and the management team. We would all be wealthier holding or selling CRL stock.
Still full ask for 10,000 shares - 35p... Someone buys and this is going up again..
Been taking a very close eye and added a few more. With the quality mgmt now in place, no debt and some significant skin in the game which is buying not selling (no more HC nonsense) IDP is back on the menu for me...
Could easily be another takeover offer once the green shoots become even clearer.. Buying under 50p just seems a no brainer now.. Expecting the brakes to come off this soon as more eyeballs arrive.
Started: Jam4u, 8 Dec 2021 08:10
Last post: Jam4u, 8 Dec 2021 08:10
#IDP interview with CEO, Blake Hughes. Watch and listen to the last minute in particular where he talks about the transformation - more clear indication its profitable!"Behind the scenes there's been a lot of work to transform the business; to transform how we operate. Not all of it visible to our shareholders yet"https://www.youtube.com/watch?v=ueAX3pm4r9A
Started: Jam4u, 6 Dec 2021 14:46
Last post: brrr, 7 Dec 2021 15:42
Quick spruce up before the video call with Katie and....damn, cut myself with the razor....a bit of toilet paper should hide it. Good plug for Nuthing at least.
https://www.youtube.com/watch?v=ueAX3pm4r9A
New update.
Its in the Finn Cap broker note.
I am mirroring last year's numbers as a result and hence why I say between 3.5m and 4.0m for this year. In the end (to a degree the actual final revenue number is less important to me - as long as its in that range). What is important is have they got costs under control and the pricing model correct which should drive margins and 'true' profitability. Not what the last lot were doing which was driving revenue even though it was loss-making. If this new lot can prove they've truned that ship around then its game-on for IDP.
ProLong was always a massive drag on the accounts. The 1.1m was largely written off anyway and I think all the 'extra' numbers that the lost lot had included are written down as announced in RNS from the summer i believe. Just the year end accounts havent been published yet.
Let's see what the numbers say, but if indicators are anything to go by then the above 5 points I made are strong indicators in my humble opinion. I for one will be disappointed if the numbers dont reflect an improvement in costs and margins - it may not be fully profitable but I would expect close to breakeven as a minimum, thus giving a good chance of profitability for H2 and for the year overall (as we all know IDP is H1 cost weighted and H2 rev weighted).
what is the revenue target for IDP - i can't find one and FinnCap has had a 90p target for over a year (previously 180p)?
Last year in mid Sept we were told revenues were also on target but then at H1 it had dropped over 20% from previous year.
Prolong was purchased for £1m and as of last year's accounts had £90k in stock so selling at a c50% loss is not a massive positive IMHO.
Mark Ward bought over 2m shares in the 70p range so i'm reserving judgement (also has a big holding in RBG which is not performing well).
Let's see how H1 looks and the cash position - too early to see if things are improving, especially as YE 2021 numbers have not been published yet
The positive signals are there for all to see. Today's RNS was another indicator, but to mention a few:
1) JV investment to accelerate growth in ProLong (+£275k for IDP)
2) Amazon DTC shop established - this retains more margin for IDP, and less cost
3) Link-up with Liberty from Love Island, providing huge national coverage
4) Revs is on target (per RNS from 22nd Oct)
5) Mark Ward spent £90k buying 223,133 at 40.5p on 14th Sept (see RNS from 16th Sept)
Ask yourself does the above suggest a company that is not turning things around???
Sticking to the core products and leaving another (invested) person to grow Prolong.
Seems to have had a positive impact on the SP.
I wish Mark Ward all the best in his plans for Prolong, especially as IDP retain 45% of it.
Yes £275k into the coffers, a medical device product with great potential just resurrected and Mark Ward in deeper. We keep a decent %age still with no further cost to us nor efforts.
I'm hopeful this lot are about to turn things around here.
Joint Venture established to accelerate the growth of Prolong
Started: 4theLongterm, 9 Nov 2021 15:46
Last post: 4theLongterm, 2 Dec 2021 13:15
All looks a bit worrying, also concerned that drop does not reflect wider market. Appreciate that the share may have more exposure to recent Covid concerns than some but wondering what else is driving this drop.
big SP drop today - more than just standard market issues?? Well below recent placing price now
The last RNS said that they had to postpone the release of their full year results (to the end of June 2021) to « before the end of December » due to the change of auditors & Covid related issues. Expect investors are now anticipating these results anytime. Personally, I expect a big accounting kitchen sink with some asset write-offs but this is backward looking so not worried. The new management have had time to work on a new strategy and will probably announce some new business & financial targets. Exciting times ahead!
A flurry of trades and some sharp SP movements, does anyone have a view on drivers? I can't see any news that is behind this sudden activity.
Started: TheBugle, 12 Oct 2021 13:17
Last post: shandypants2, 21 Oct 2021 18:05
ST did start uses influencers back in late 2019 when the ST Choc range had a launch party. It seemed an one off thing at the time - this deal seems a lot more strategic and with someone who is 'known'.
https://www.celebsfirst.com/lottie-moss-attends-skinny-tan-choc-range-launch-party-london-uk/
It was mentioned in one Kieran Callan's Proacrive interviews. Could have been in conjunction for Superdrug but certainly using Love Island people. Anyway a lot spend, hope it delivers over Christmas.
Thanks Brrr - Surface probably confused by that.
From memory, Superdrug sponsored Love Island a few years ago which caused some excitement here about stimulating Skinny Tan sales.
Did they Surface?
Where was this mentioned before? I can’t remember seeing it on any updates.
Started: Troajan, 12 Oct 2021 17:19
Last post: Troajan, 12 Oct 2021 17:19
Started: shandypants2, 23 Sep 2021 16:20
Last post: Surface, 27 Sep 2021 13:32
Director purchases recently so would need another 2 weeks to clear director black out period for results to be released.
These must be released by end of Sept so not long now. It will be good to see the cleaned up balance sheet. Hopefully progress in H1 to date and forward looking statement will be positive.
Just checked and C+L look good, however, at £16 for a moisturiser it is not cheap. 2 competitors are listed directly below at £3 and £4 respectively
https://www.amazon.co.uk/s?k=charles+%2B+lee+moisturiser&crid=226FEHBT90DLK&sprefix=charles+%2B+lee%2Caps%2C152&ref=nb_sb_ss_ts-doa-p_1_13
Another vote of confidence from Mr Ward. I'm going to buy a few more on the back of this signal.
He could have got them cheaper a week ago so shows massive confidence where this is heading :)
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.
Started: 4theLongterm, 7 Sep 2021 14:47
Last post: 4theLongterm, 7 Sep 2021 14:47
Some recent good volume & large trades, wondering if it is purely down to last weeks update or other moves underway.