Member Info for boonboon

10th October 2017 was the ct6 one.

I'm not convinced we will get an rns for this. I think we got the ct6 one because it was the first.

As it's nearly 10% of the current shares I thought they would have to announce the buyer. Strange it didn't happen in the rns.

My take is that it's ready to implement, but as there is such a long lead in time with automotive it won't be on the road in a production car till 2023.

People tan to make them feel good. To make them look good on photos and video calls. All signs so far suggest there is still a strong market for Skinny tan. Search for #skinnytan on Instagram and you'll see plenty of people posting about still tanning despite the lockdown. Go to Facebook and you'll see that their latest video has 161,000 views in less than a week. Recent Facebook posts are getting 250 comments. There's definitely activity there.

No need for a dividend for me. Let's grow the business first. Plenty of growth opportunities out there.

£200k of the marketing spend was for Nuthing so no sales attached yet.

£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.

Just went into a small store as well. They didn't stock skinny tan last year.

This year they've got one bay (6 shelves for tanning). SkinnyTan, St tropez, Bondi sands, and Isle of paradise all had a shelf each. I think the last two shelves were smaller and own brands.

The new category is starting in a £80 UK market,but expandable into side categories. I'm assuming it's hair removal cream which is the £80million market. There is then the potential to go into the shaving and waxing markets if it takes off. It's worth bearing in mind that £80million is at retail level so probably more like £40 to £50 million for us. About 40% goes via beauty retailers. So let's call that £16 million. Within that I'm guessing superdrug has around a 30% market share so around £5million. They're giving us a real push and I'm guessing half the shelf space so hopefully we can achieve £1million plus in the first year. With hopefully substantially more in the years after once the exclusivity ends.

Especially as the majority of people who buy tanning products also buy products in this new category

If they can get 10% of their existing dtc customers to spend £5 on the new category then that's £300,000

I expect revenue to idp from superdrug would be more like £ 3 a unit. The average unit price is likely to be a lot lower the skinny tan unit price.

A bit "meh" though.

This is what one Boots is stocking

https://twitter.com/Jam4u_75/status/1220683098431590400?s=19

Also new moisture mousse express which isn't exclusive to Boots.

And a self tan remover.

Excellent news. The share price would have to be at least £1.50 for them to be meaningful you would have thought.

That report also says it's a $2.2billion market worldwide and hair removal cream, if that is indeed the category, at 41.7% would constitute a $900 million plus market.

Kieran said in his interview, when the superdrug deal was announced, that marketing would commence end of January/beginning of February.

Could also see an expanded range of products and potentially be in more Boots stores. For the majority of last year we had 19 products listed on Boots online it's currently 22.