Member Info for 2phevs

yeah their going to clear out Jupiter in no time and will make sure their above PI buy orders and any others that might come in from ii's

in auction over 10p now

that's what its been waiting for see ya jupiter numpties

1st bit will go to RBS and then to revb could be talking £30 mill cash with all that stock out there on those really good stands I've seen compared to the old rimmel rubbish

Nice summary OKE just roll the inventory cash in as it sells over this mad socialising summer weddings in full flow you name it the money from stock will start rolling in around now

just made put 106k@8.44 into my sipp now

OOOhhh a little 60K trade just pushed us up 5% could be about to run out of sellers

just click on the RNS icon on at the top of this BB tt

nasdaq futures lifting nicely ftse old lead weights down
Nice

Jobless claims up and way ahead of consensus that should help ease labour cost inflation
Producer Prices down and below consensus better for inflation
MORE good news after yesterdays great below consensus inflation figures from there

this taken from nov 21 rns
Acquisition of skincare producer Medichem Manufacturing Limited (now named Revolution Beauty Labs Ltd) for c.£27m
MediChem website now states they don't manufacture for any other 3rd party company as they are now part of Revolution beauty Look it up

Going through the prospectus they do indeed have £40 mill revolving credit facility and on top of that
A MULTI currency Invoice finance agreement with RBS currently £11 mill but sure that can be increased easily when required as RBS actually owns the INVOICE and the supplied goods as such so not really lending the company money in effect

From todays rns
"In the event that material adjustments are required, the Group profitability for FY22 could be materially reduced across a number of potential adjustments including stock and bad debt provisioning and revenue recognition. Once these issues have been fully resolved and agreed between the auditors and management a further announcement will be made."

this is from todays rns further down
and IMO after dealing with 2 of these issues many years ago the figures will actually stay the same but pushed further down the line for actual reporting going forward
"Management also confirm that guidance for the year ending 28 February 2023, as set out in the announcement on 2 August 2022 remains unchanged."
Regarding bad debt provisioning
IMO but really can't be sure could well be stock in Ukraine/Russia or sale/return issue who knows but the main thing is the Directors will be happy to sign off the Audit as a going concern (mentioned in todays rns) once all the nitty gritty is agreed by both sides (again mentioned in todays rns) which is all the Auditors really need to sign off themselves GLA DYOR

todays rns
The auditors have subsequently raised certain accounting issues with management regarding the audit and these could have a material impact on the results for FY22 that have previously been communicated by the Group. In the event that material adjustments are required, the Group profitability for FY22 could be materially reduced across a number of potential adjustments including stock and bad debt provisioning and revenue recognition. Once these issues have been fully resolved and agreed between the auditors and management a further announcement will be made.

IMO this is what "previously been communicated by the Group"
from rns 2nd August
As such, we now expect the first half of the year to deliver low single digit revenue growth versus H1 FY22, resulting in a small adjusted EBITDA loss for the six month period ending 31 August 2022. For the full year to 28 February 2023, we now expect between £215m - £225m net sales and adj. EBITDA of between £18m - £20m.

Finally from the rns
"and management reiterate they believe that the Group's £40m revolving credit facility provides sufficient liquidity for the future"
This is what will be in the Audit report and as long as it is then the audit can be signed off

also the bad debt provisioning could be to do with the small amount of goods in Ukraine/Russia

same to you poorinv
if it is revenue recognition and inventory values theyll just be pushing them down the road

another 90k@7.8 should be under 10 avg now

another 130k@8.4 should be around 10.5 avg now

Could well be revenue recognition on US sales/inventory I had the same issue on audit back in 2005

just released another £10k to put here if another chance at 7.5 well done poorinv read the rns properly