Member Info for Cliostock

I agree Aquae regarding the Cavendish forecast.

I also note the subtle change of style, although I can’t say if it’s purposeful or not, I do hope so. Here, in this deal, we effectively have introduced a new piece of infrastructure, opening access to a £5bn marketplace, and the RNS clearly states that it is not expected to alter market forecasts. Polar opposite to presenting a big forecast then changing the strategy, disappointing investors and saying it’s for the long term good, or claiming matters beyond our control for lack of achievements. The business has become stronger without adding great expectations which allows the investor to surmise for themselves. This has to be good for sentiment and I hope we conduct more communications in this way and only release things (or say things online) that are certs.

Happy.

Never mind ‘back to another question’ Oleric. Beyond knowing it had happened, it’s nobodies business and you are not entitled to any more information.

TC, the RNS clearly says it’s a testing transaction. The size of it reinforces that. Lately, every time the wind blows, someone says it’s going to be really bad for SkinBioTherapeutics.

A good idea TC. It would allow investors to look at the company from the science angle, rather than from the business angle, which is provocative. The science angle couldn’t be provocative in any way.

Bigpunt, I think I get what you are asking. When you write off a bad debt you are not only writing off the profit you would have made on those sales, you are writing off the costs of producing the written off goods from the profits you would have made on other sales. From their T/O to EBITDA for YE2024 we know the net margin is around 23% of sales, meaning of the 273k, 210k would be costs and 63k net. If you add the 210k of costs (incurred producing the debt that was written off) on to the -43k figure you rightly worked out you would have had a trading EBITDA of 167k.

Don’t believe your own lies Phat. It’s a story as old as investing itself. When someone either bottles it, or thinks it is prudent to do so, sells and takes a loss, they usually disappear overnight. They occasionally hang around slating the company and/or management, as you obviously intend to do. You don’t have one iota of worry about other investors losing money, you now want to see things doing badly to justify your sell to yourself. How can you convince yourself things are doing badly? Take the stance you have. You’re soothing yourself. If you’ve sold, move on with your life, don’t hang around boards that are now irrelevant to you. The company isn’t going bust, we know this. So if it bumbles around between 10 and 20p for ever you won’t feel any better, but if it shoots up you won’t get over it, or worse you’ll get FOMO and jump back in at the wrong time and lose more money. You’ve made some good posts and had some good insights in the past Phat, don’t reduce yourself to this. All the best.

when toyin is frustrated, we know the company is giving investors reason to be frustrated! i know how you feel toyin although generally i too like to stay positive.

however, joining you in the outbursts, how the **** can cavendish restrict interviews and then produce those forecasts for their own members rather than releasing them to people via an open source.

and how the **** can someone, anyone, in cav or sbtx not see how ******* ridiculous this makes our company look. how many incidences of pure unprofessionalism can we tolerate?

would it be wise to look for an ir person? not only someone that can ensure investors of all creeds have access to the right information, but also advises the company about these basic issues on how the company presents to market, which ultimately affects the share price.

Does anyone know what it means when the share price on this website shows up in blue?

Should I send an email to LSE tech support, I’m pretty sure it’s supposed to be red on this page.

🤣🤣

For me TC, all your points are reasons for SA to be motivated to pull off what we need him to in the short term. A CEO change would put us back at least 6 months. By his own admission SA can get some of these things over the line in that kind of timeframe. And if he can’t, maybe I’ll be inclined to agree with you.

I think it’s misleading to use the term death spiral, Aquae. Very TWesque. He’s made a bit of a fool himself over the last week speaking about SBTX and the advice given to his subscribers.

I think you’re right MIKODX. Personally, I don’t care if the SP goes lower than it is, and if it dips under 10p I think I’ll be tempted to pick up some more shares, although that wouldn’t be too sensible given the size of my holding it would be nice to average down. As SA points out in the IMC presentation, the SP hit 5p in March 2020 and went on to hit 80p on solid news. And that calibre of news is coming this year with the beauty parade. Sentiment isn’t great right now but will return as we move past the tumbleweed days of 2023 and even better as we reach break even.

Mol. Are you implying that SA and MR didn’t have financial information on the target later than 31st August? Or that they should have released it to investors? Of course our team would have had weekly MI on the target right up to completion.

In the presentation, they literally say that they were satisfied there had been no accounting trickery in the last year. As you point out, it’s called due diligence.

Also, MR said in the presentation that there will be forecasts released next week, which I’m sure will include turnover for YE2024.

Hopefully those points will alleviate the concerns you seem to have, which I must say having watched the presentation seem somewhat unfounded.

Bp, a fair point. I wouldn’t have said the balance sheet doesn’t matter altogether but I see your point and for the most part agree with it. Still, a belt and braces approach can’t be a bad thing.

Bp, when referencing a negotiating position for multinational deals. If we are financially stable, we are not in desperate need of an upfront or a sub-optimal financial deal so we would be in a stronger negotiating position and this has been deemed the reason for the M&A strategy.

Bigpunt I’m not sure that one of the now open marketplaces was the rationale for the m&a strategy. It’s more about stability, once the strategy is complete the company shouldn’t have to go to the market for a raise for running costs. I struggle to see an argument for that not being a sensible strategy.

TC, fair enough if that’s your opinion, but it seems pretty strong to me considering we haven’t heard Ashman’s side of it other than the RNS which has its limitations. He said he had a pregnant pipeline. That indicates there is a lot more to this than one fairly plain acquisition. He said once investors realise the rationale around the strategy they would see what was going on and we would be moving at a pace few would believe. Until such a time he is proven to be a liar, we need to allow him the time to pull off his plan, which he said was the end of Q1 this year. Until we know the plan, we cannot judge what the company strategy needed just from the first stage, or if it has undermined the potential of the company. It could be hugely advantageous, we simply don’t know yet. GLA.

TC, I’m unable to comment on if you are right or wrong at this stage. However Phat is certainly right, that shareholder value has been destroyed. So many people will have bought in when the share price was 70+p, 60+p, 50+p, when Ashman was touting the shares with pride and enthusiasm. Those people have either lost lots of money and got out or and severely underwater, myself included. Now the SP isn’t far above 10p and all of a sudden he can’t do interviews. Not a great look.

However he said he had a lot of news coming, and this is only one part of it. Let him say what he has to say tomorrow in his presentation and then make a decision. As much as TW has some fair points, he’s clearly been offended by Ashman ignoring his previous demands and suggestions and yet again has gone far OTT with his output.

Oleric, what about this mornings news makes you want to attack Elric without even commenting on what’s really important? Again you reveal your sad little motives. I thought I’d never filter anyone on here. Looks like I was wrong.

Happy with that.

Well done Stuart and team.

Looks like a well run outfit with solid financials, a good reputation for their brand and shelf space in two of the biggest retailers in the sector and the contacts that will come with that.

Looking forward to the presentation tomorrow.

I’ll answer than one Toyin!

I’d rather him update what is correct at the time.