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Noted that the resumption of trading will be after the (hopefully good news) interims, rather than the FY22. Means no one will get this at a snip, IPO investors & long term holders will hopefully see some value return, and anyone getting in when the SP dropped south of 60p either realising their gain or benefiting long term.
It’s been emotional.
Red, you never know, you might be on the money with that one :)
Just had a response from BH, to the following email I sent to IR this week.
As a shareholder, I’m feeling increasingly concerned around the delay of publishing the FY22 Results, any subsequent loss of value which could be caused by this, and even the possibility of being de-listed if the results don’t materialise soon.
What can you tell me to allay my fears?
Response from BH;
We continue to be as frustrated as all stakeholders are.
We remain committed to filing the accounts as soon as ever possible and pushing BDO to get over the line.
Regards
Bob
A couple of things I take from this, he refers to ‘stakeholders’, meaning it’s not just you (PI’s), it’s everyone. He’s pointing the finger fairly and squarely at BDO.
As surely and predictably each wave tickles the shore, another week goes by with not a word or a whisper.
If BDO can’t produce a set of accounts quicker than a human can reproduce another human, then they’re either woefully incompetent, or haven’t been given access to the correct information. They don’t have to fix anything (Medichem valuation, IPO launch price or any errors relating to accounting) just report it. I suspect there is a hole in the accounts that doesn’t tally, caused no doubt by fudgery from the previous CEO/BOD.
From Revolution Beauty LinkedIn..
We are super excited that our skincare collaboration with Beauty Writer & Skincare Expert Sali Hughes won 'Best Beauty Collab Of the Year' at the Superdrug Star Awards last week ??
Sarah Ryan (Mills), our UK Retail Director said “We are so excited to have received this award. It means so much as it was voted for Superdrug customers whose voices we really value.” Thank you so much Superdrug! ??
So, 15 trading (non-trading) days left this month. Do we think REVB be out of suspension before we hit April?
This is just a standard stale-pricing methodology that many institutions use. There has been no available market price available for 6 months, so they will have reduced it to nil.
Have a look at @makeuprevolution Instagram account 3rd October 2022, it clearly shows the Rev products in Walmart. It looks like the new ‘news’ is just a new range, and maybe the number of stores has grown?
Although good news, this is old news. Rev products have been in Walmart for ages. I remember their Halloween ranges being posted all over TicToc just after suspension.
Well, February is here. Let’s hope I get to cash my beauty tokens in at some point this month.
Let’s also hope I get the price I’m looking for.
Anyone think we’ll be trading this month?I think it’s unlikely that accounts will be out by end of Jan, but hopefully both accounts published and trading resumption in Feb.
https://www.beautypackaging.com/contents/view_breaking-news/2023-01-11/sara-staniford-appointed-president-of-revolution-beauty-usa/
All change it would seem.
Well I would expect a skincare/cosmetics developer/manufacturer to get their products into stores - that’s their bread & butter. They have a long-standing relationship with A.S.Watson (Superdrug/Saver), so that’s just business as usual.
Behaving like a Plc, that’s obviously the struggle, having to please the shareholders rather than owners, moving from an entrenched B2B model with MediChem etc was clearly too much to grasp in one go. As long as they continue to develop and market new products, and lessons are learned in the back-office, this downturn will just be a blip in an otherwise successful and profitable story.
Trade was actually in RBG.L (Revolution Bars Group) and entered under the wrong ticker. No news here unfortunately.
No, just an error sell, followed by a deleted trade (showing as a contra-entry)
Andrew,
Typically about 3 months. However, it can be anywhere between a few days and never.
In this instance though the company is still very much trading, alive & well, and the issues we are led to believe are around revenue recognition, licensing agreements etc. So it should be more a task of record-keeping, fact-finding and such-like.
Maybe one or more of AXA/Premier/Baillie Gifford have given-up some or all of their stake? Waiting for more news, this is getting interesting again.
What makes you think Minto want to get out of his shares? If anyone knows the true value of the company, he will.
This has been my best preforming share over the last 2 weeks. lol
Can’t lose money if you can’t trade - clever ??