Member Info for boonboon

You don't know the reason he sold, maybe he's been divorced and he needs the money for a settlement, or he's seen a property he wants to buy. Let's assume the vast majority of his wealth is tied up in IDP surely he's allowed to liquidate some of that.

Shandy, just for clarification I wrote that article. With regards to the admin costs I think a lot were brought in prior to the superdrug fiasco when we were going to launch products left right and center. Hopefully we can utilise them in current areas of the business and if not let them go. The Haris wage is a conundrum presumably it should be reduced somewhat as he's less active. Maybe a question for the agm in case anyone is going.

Greg, We're having this argument in too many places. Here and on ADVFN. Can you agree one assumption with me. If Haris needed/wanted the money for whatever reason,not related to IDP performance, the day of the results would be the most transparent time to do this. He can't do it before the results, the longer he waits after the results there'd be accusations that he knows how current trading is doing. On paper the day of the results is when every shareholder has the closest amount of information as the director. Now I get your argument about potentially the video interview influencing the shareprice. I personally think the video interview was on the cautious side. I would also find it a shame if, what I suspect will now happen, the directors refuse to do anymore interviews. Thus denying shareholders of potential information.

https://www.stockopedia.com/content/innovaderma-tough-decisions-have-impact-on-this-years-results-however-theyre-now-in-a-much-better-position-401739/

A lot of companies report contracts on results day. It's just the way it works. If you alienate him unfairly he could end up dumping the lot and then were would we be.

I think you're all making a mountain out of a mole hill. He's limited to the times he's allowed to sell. The most transparent time would be just after the results as everything should be as transparent as possible. Imo he's just crystallising some of his shares as he's taking a back seat from the day to day running of the company. Nothing wrong with that in my opinion.

It's 35,000 units for Boots not 350,000.

They did have a meeting with Boots last week but could also be about new product launches or product placement in stores.

We could get further retail deals announced at any time, as I gather from the video interview, otherwise it will probably be the agm trading statement at the beginning of November.

https://m.facebook.com/story.php?story_fbid=1918559105104357&id=1686176751675928

Shandy, I agree finncap are really cautious with their estimates and got Roots completely wrong. Their current estimates for this year is £2.7million for Roots. I expect £3million on the cautious side, £4million on the realistic side and £5million on the optimistic side. With regards to 5 SKU's being low, 10 is possibly a more realistic number, but I'm not sure all the stores will stock 20 SKU's, some of the smaller ones might only stock 10 so it's my Conservative average estimate. In my opinion it can't be £4 million though. Current expectations are for revenue growth of only £3.7million surely if the Boots deal is £4 million and together with the new Roots deals they would have to upgrade expectations now.

My Conservative estimate matches Finncaps to be honest. I agree with 20 SKU's per store on average. However I only think it will be 5 per sku on average. I also think £6 per unit is more realistic. That gives £750,000. In reality it's probably somewhere between the two. However if as much as £4 million and with the Roots deals I can't believe they wouldn't have upgraded the estimates so doubt it's that high.

Shandy it's the finncap estimate of the initial SkinnyTan stock order for Boots.

Well Roots did have a meeting at the Boots headquarters last week.

So you're saying first half year growth of £1.3 million and second half year growth of £2.4 million. I'd say on paper that should easily be achievable. I'd be more confident of the second half growth as that will include an initial £750,000 order from boots, plus subsequent boots follow on orders. Full period benefits of Roots in Boots and tesco. Plus hopefully the relaunch of Prolong which could add over £0.5million judging by previous performance.

Haris had a salary of £184,000 last year, which although a lot isn't lavish especially when you have shares worth £6 million. Like I said previously once the company gets bigger will he care that his stake will be worth £30 million rather than £40 million. He might be able to make better use of the £1.5 million now than the £10 million difference later.

Because if it becomes a £500 million company does he care if he has £103million or £138million? He can probably make better use of the £1.5million now than the extra money in the future.

I think they've been very clear the target is £14million turnover and £1.6 million profit. In the video interview they intimated that with the new developments they should easily achieve and even better this, however they are aware what happened at the start of this year when projections weren't met so they're being cautious and not upgrading projections yet.

I'm not sure if the extended skinny tan exclusivity has damaged the growth. Last years sales might have been higher, however we would have struggled to launch Roots as that was part of the exclusivity extension. Also our rejection of further extensions to skinny tan and Roots exclusivity has potentially hampered short term growth as superdrug have reduced orders and shelf space and probably pulled out of stocking Stevie k and Charles and Lee. Imo it was the correct decision to extend so we could launch Roots. Now with two(three if you count Charles and Lee) brands and multiple retailers. We're a lot more secure going forward.

Previous estimates were for £1.6 million the year just gone and £2.3million for the current financial year. Obviously the year just gone has been a disappointment with profits now expected to be £0.65 million. However I think if we're back on track there's no reason to believe we can't exceed current estimates of £1.6 million.