The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
IDP mcap = £30m around these levels. Revs for this year is expected at around £8m Question mark around Net Profit Margins, but just around how much. Hoping for 5% with each additional revenue growth help to improve that. The above doesn not include (which is further upside): - any ASOS uplift as this wont kick in till at least June from what I understand. - any new launches in July (Stevie K Cosmetics to launch in UK) - ProLong and Headmaster launch from Oct to Dec (Calendar Q4 & IDP FY Q2) - To my mind US not yet cracked with SkinnyTan (ASOS will help there) - Leimo Hair Care to get promo treatment once Headmster is launched too. Now compare that to W7L which announced end of year results today. Revs of £22m audited and £27m unaufited whatever that means). Profit of 4.4m. Mcap of £135m. So W7L revs is no more than 3 times IDP revs, yet mcap of W7L is 4.5 times IDP. And we have growth to come in IDP. Summary conclusion = IDP for me is undervalued against all reference points that I can think of.
lully???
No, not just tanning products. They have in their armoury: 1) Premature Ejaculation product called 'ProLong'. That market is worth $1.3Bn worldwide and growing at 10% per year, with US accounting for more than 50% of it. Guess where they plan to launch the product this year furst and let me remind its teh only US FDA approved PE product in the world. 2) StevieK Cosmestics Range, not tested on animals and a greta product from all accounts - Lipstick and Eye-Shadow range. Launching this July in UK and already in Oz, but will be part of market development activities in Oz too. https://www.steviekcosmetics.com/ 3) Leimo Hair Care / Hair Loss treatment wet products (Clinically proven to work in 92% of cases) 4) Headmaster Laster treatment helmet - currently with US FDA for approval. Plan to be launched this year as well. That market worldwide is worth $7.1Bn I ma told. 5) Charles & Lee Men's moisturising cream - from sustainable sources and agian I believe not tested on animlals. The above are not major features yet in IDP's numbers. Neither is the ASOS deal and I believe IDP have not yet mastered the US with Skinny Tan. So, lots and lots of opportunities to grow.
No, not just tanning products. They have in their armoury: 1) Premature Ejaculation product called 'ProLong'. That market is worth $1.3Bn worldwide and growing at 10% per year, with US accounting for more than 50% of it. Guess where they plan to launch the product this year furst and let me remind its teh only US FDA approved PE product in the world. 2) StevieK Cosmestics Range, not tested on animals and a greta product from all accounts - Lipstick and Eye-Shadow range. Launching this July in UK and already in Oz, but will be part of market development activities in Oz too. https://www.steviekcosmetics.com/ 3) Leimo Hair Care / Hair Loss treatment wet products (Clinically proven to work in 92% of cases) 4) Headmaster Laster treatment helmet - currently with US FDA for approval. Plan to be launched this year as well. That market worldwide is worth $7.1Bn I ma told. 5) Charles & Lee Men's moisturising cream - from sustainable sources and agian I believe not tested on animlals. The above are not major features yet in IDP's numbers. Neither is the ASOS deal and I believe IDP have not yet mastered the US with Skinny Tan. So, lots and lots of opportunities to grow.
Behave folks! All acquisitions, have been paid for through shares and no cash. The Co. is profitable and should now be building up the cash, unless used for devet and growth purposes (of exiting portfolio of products). Finally, and perhaps most significantly, what Co. do you know that receives the cash within about 2 hours of order being placed (on DTC platform) but hasnt even had a chance to despatch their goods. Cash flow here (on DTC platfrom) is almost immediately before they have had to even send any goods. Therefore, cash flow here should be of the highest calibre. Haris the CEO owns about half the Co. - his interests are completely aligned with shareholders, and so he will be looking to minimise dilution, and make cash work to best oppotunity in interests of shareholders.
Patience & L/T hold here at these levels should deliver excellent returns. Great story developing.
Another eTailer stocking Skinny Tan: https://www.mankind.co.uk/brands/skinny-tan.list
I see they have expanded the range to now include Eye Liner as well as Lipsticks. Launching in UK in July! So much happening here ... https://www.steviekcosmetics.com/collections/eyeshadow ... and a facebook page set up, very similar to the Skinny Tan setup. https://www.facebook.com/StevieKCosmetics/ Yep, IDP going to be big my feels just need to sit back and watch it grow.
It's not on AIM - its main market listed. This is defo going to be a real performer, of that I have no doubt. It is a 'Grower' and with that, patience and time will be required, in addition to the obligatory initial investment. Trading updates will validate the story here, and the news deals as an dwhen they come along will also provide food for the sp and mcap. Timelines required here are about 12 months to see just how big this actually has become. Personally, I think for the LONGER term this is going to be areal grower and those with patience and willingness to wait will see some top level returns. Good Luck all!
None of Future priced in at all. I would say £2.50 to £2.70 is fair value for where it is now. But none of that factors in any of the future or potential as far as I am concerned. I will be more than happy to see it consolidate around here - let the obvious traders get there 5, 10 15%'s etc and then let us Investors get on with it. I'm here till next year no doubt whatsoever in my mind about that. There is more to come here in this story and I have a feeling it will be stellar indeed!
£62.5m back in 2010 and bought by PZ Cussons.
about yesterday's acqusition news ... http://shares.telegraph.co.uk/news/article.php?id=5540785&epic=IDP
(Ooops forgot link in excitement!) Well worth reading this presso - #IDP is defo in safe hands. The Board have done their Due Diligence on ProLong & this can be HUGE for IDP. Even the roll-out plan, although simple is thought through. #Excited is an understatement! http://www.innovaderma.com/wp-content/uploads/2017/05/Acquisition_of_Prolong_Presentation.pdf
Well worth reading this presso - #IDP is defo in safe hands. The Board have done their Due Diligence on ProLong & this can be HUGE for IDP. Even the roll-out plan, although simple is thought through. #Excited is an understatement!
... and add to that the following about ProLong, and you can see why IDP wanted to acquire them. I can see this being sold very well on the DTC channel which they have 'mastered' with SkinnyTan: "Prototype 2 studies • American Psychiatric Association (Wise et al, 2004) Prototype 2 study - Results were as follows: • 61% improved 11 fold from 40 seconds to almost 9 minutes using prototype 2 compared to the gold standard treatment which delivered a 40% improvement from 40 seconds to around 2.5 minutes • Slam Mental Health Trust - results after 8 weeks (mean latency). Before: 2.6 minutes. After: 8.8 minutes ProlongTM studies • Jern study 2013 – 11 participants aged 49 who have failed on all known treatments of premature ejaculation. Results of using ProlongTM were as follows: • 8 (72%) improved and were satisfied with the outcome. At 6 months all participants remained satisfied with the outcome. A third of participants reported further improvement • FDA Study 2015 – 23 paticipants using 2 different lubricants. 7 drop outs, 16 participated. Results of using ProlongTM were: • 16 (100%) improved with an average time increase of 5 minutes • Participants reported ease and pleasure during use • Participants reported on improvement in all parameters in their sexual relationships "
... which is starkingly similar story to SkinnyTan. Prolong once had an earlier version of its product (not US FDA approved) stocked in Boots shelves! I believe the same was true of Skinny Tan until IDP came and took it over.
April was a record month. Previous to that Jan was the record month which was then exceeded by March being the record month. We already know the previous record months was £800k revenue. Let's assume £900k averegae across teh 3 months of Jane, Mar and April, then thats £2.7m revenues. Plus Feb which lets say is a conservative £600k then that's 3.3m revs for four months. We still have May and June to come plus the £3.7m from last half. Then I'd say we are on for £8m+ revs for this financial calendar year ending June 2017. There will be a Gross Profit and Net Profit in all that. Remember, I think I have been conservative. Add in the fact the Co. is growing and with ASOS deal then I think eventually £10m+ revs is possible. Now, St Tropez was bought back in 2010 for £62.5m for their fake tan range by PZ Cussons. At the time St Tropez had revs of £20m. ST Tropex primarily only had a presence in UK too. Skinny Tan looks to me like having a bigger presence geographically AND is still growing. IDP's mcap isnt even £30m yet and they have hald the revs St Tropez had back in 2010! Now IDP also have Leimo Hair Care Product Range and in Summer should have the Headmaster Laser Treatment product, the world's first US FDA approved hair laser treatment product. Full launch expected in Q4 this year. And given yesterday's announcement, they will also launch the ProLong product too and within the US. None of this IMO is priced into the share at the moment (and neither should it be imo until launched). IDP also have the Stevie K Cosmetics range with full raneg of Lipstick now available in Oz. The rol-out of this across other geographies is yet to come too. With deals in SuperDrug, ASOS, Feel Unique, Price line et al where do folks think this will get rolled out? Add it teh Charles & Lee Men's skin moisturising cream too. Oh yes, the future is looking very rosy indeed. They hinted that there could be other acquisitions too. For me these other brands are not even factored into the share price. Good to know a main market listed Company, is transparent with its news, isnt too rampy and is 'quietly' getting on with it. Growing revs, doing it profitably and updating the market of its progress. For me this is a great little Company and is a 'proper' Company. Nice for a growth story..... Good Luck folks!
Ah! Thanks. I got sent the news from the PR Co. but it didnt include the bottom bit of the rns! I'll be sure to read the actual rns next time! Mmmm £1m sounds a bit pricey, BUT sounds to me like they have a plan for the Headmaster product and thing's looking very exciting indeed.
Flashy, could you explain please? Are these the terms - where is the info from?
I could have sworn I pasted the link to Daily Mail article - surely that is allowed?