RE: Short closed3 May 2018 10:06
No I bought on fundamentals:
Products Sold by;
ASOS
LookFantastic.com
FeelUnique.com
Superdrug
amongst others.
USA sales imminent.
Record Revenue
Main market listed
Placing in October last year @ �2.76 was OVERSUBSCRIBED ""We are delighted to have broadened our institutional shareholder base in this oversubscribed issue. "
While Skinny Tan continues to perform well, on the current growth trends both in retail and DTC, the Company believes that Roots will contribute a material level of revenue in the current financial year
Launch of Hair MD�' into the US planned for H2 - IE Another product launch due
"Revenue and profits are expected to grow considerably in the second half of the year driven by the aforementioned strategic initiatives, the fast-growing DTC platform, peak tanning season, impressive growth of Roots and further expansion in the UK, Europe and US"
"fast growing": We are confident in our immediate and long-term prospects and of emerging as a fast-growing international business with a diverse portfolio in the beauty, life sciences and personal care space."
Gross profit increased by 20.6% to �2.22m (HY2016: �1.84m)
"The Company continues to develop its other brands and is pleased with progress to date across the portfolio"
So yes - sell cheap ;)
Boots