Results out, Turnaround going great guns IMO20 Dec 2021 09:24
Very very high level view on these results - is that with regard to the results relative to the mkt cap they are OUTSTANDING.
Considering the cost environment, to increase margin by 10 basis points is huge.. Thats a 20% margin improvement. They have less revenue than last year, but much more profitable...
They are now growing, and in another 6 months will be self sustaining and profitable, with a base that will support future PROFITABLE growth.
Fully expecting the pivot towards influencers to pay off big time personally.
These shares are so tightly held. Eyeballs will be coming over now.
You don't make the money after the turnaround, you make it spotting it just as its about to kick in... The turnaround here is clearly now well underway and next year is going to be transformational. a 20 - 30m maybe 40m mkt cap here is on the table. Skinny tan is a GREAT BRAND and is probably worth over 30m.
Will Creightons (CRL) come sniffing again while SP is still on the floor - I personally think so and I think that's why directors are loading up.
Have got a decent wedge of these, I have always liked the products, it was always HC that put me off. Seems we have a competent bunch at the helm now - and this now has the numbers to back up the claim that its turning around. Buying under 50p is simply stealing now.
Will dive in deeper through the day but I think the message here is STRONG BUY.
Then just hold for the recovery.