What today's RNS means ...3 May 2017 10:53
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!