Member Info for pawnsacrifice

Interesting news on selling the lossmaking division. Is that enough to bring them back to profitability?

They're not really in a miserable situation though are they its just the market isn't expecting any real news til next year and with Xmas and the election coming up theres not a lot of reason to buy and especially hold anything.
Think they're looking the most interesting they've been myself, over 800bopd max free flow already and a 70m section at DST1 that may flow with stimulation?
Reckon myself after the election these will begin to pick right back up again. (unless corbyn gets in and bans all pi's from making profits on the market as its a capitalist sin that is) so have had a few and will pick up a few more should the market decide to sell them down any more than this mornings low for us bottom fishers.

From my understanding they tell you in the RNS they've sold some..
The "An acquisition or disposal of voting rights" box is ticked. If this holdings RNS related to percentage changes due to the placing the "An event changing the breakdown of voting rights" box would have been ticked instead.

Hope she takes her teeth out first woody.

Does look to be panning out that way. Traders glad to be out.
have had just a few and put them away. Will see what develops. At least I know they can only drop a couple of pence max and if they do get a drill together and 5k BPD comes out I still have a chance of looking clever here. lol

Agree about the delay to next year but I do think they've done well to get a rig at all after their sp was savaged and their access to the full funds from the placing hurt.
Do we think they'll be successful this time around?

The latest balance sheet data shows that Lekoil had liabilities of US$23.8m due within a year, and liabilities of US$7.49m falling due after that.

and last year they had liabilities of $30m. Should have added that to his analysis imo if only so the reader can judge the companies history of debt management..
Current liabilities as of 30 June 2019 were US$23.8 million (31 December 2018: US$30.2 million) consisting of the portion of the loan facilities due within twelve months, amounting to US$10.4 million (31 December 2018: US$11.4 million), trade and other payables amounting to US$9.4 million (31 December 2018: US$13.7 million) and current tax payables amounting to US$4.0 million (31 December 2018: US$5.1 million).

Would be more impressed with his analysis if he'd put Li's whole quote up but guess that would spoil things a bit with LEK being exactly the sort of stock he was talking about checking out.

In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?

It wasn't that he sold on results day got my goat it was the fact he was pumping the stock on a proactive interview whilst doing so.
Management shouldn't pump and dump their own shares its never forgiven. I mean this is what 2 years on and its still one of the first topics when IDP is brought up.
Regardless of his early achievements his leaving now can only be for the good of the co imo.

Got to get rid of the overhang and restore the cred he cost the co. but I'd agree a rise is on the way.
Time for a song..
https://www.youtube.com/watch?v=9Jn8K8EA7-Q

re last post..
"We also highlighted a change in our approach which was rewarded with very strong DTC revenues in the second half, a combination of better strategic spend and new product offerings setting the pace. Our DTC customer database grew significantly, both in the UK and the US, with the business having just over 625,000 customers, up from 422,500 a year ago. As highlighted previously, we see this as a critical asset for the generation of future revenue for the business. The Company has taken a conservative approach to valuing the customer list intangible assets carried on the balance sheet"

threeputs their DTC customers are considered assets and at £2.2m total are only valued at £3.50 each. Hardly excessive given their expectation of buying £30-£40 of product over time is it ? (given the 50%y on y growth of same)

I don't see why they'd write anything off after their qualifying statement..
We also highlighted a change in our approach which was rewarded with very strong DTC revenues in the second half, a combination of better strategic spend and new product offerings setting the pace. Our DTC customer database grew significantly, both in the UK and the US, with the business having just over 625,000 customers, up from 422,500 a year ago. As highlighted previously, we see this as a critical asset for the generation of future revenue for the business. The Company has taken a conservative approach to valuing the customer list intangible assets carried on the balance sheet

Looking forward to the TR1 though.

and again..
(not my own work)
Gromley 6:03pm
Thanks David,

Those Innovaderma (LON:IDP) numbers were what I had looked at before. So in crude terms they value each customer on the database at around £3.50. I did some rough calculations that led me to believe they make around £15 gross margin on even their cheapest Skinny Tan bottle sold via DTC.

So my reasoning was that if they get one repeat order per 4 customers (and bear in mind that a loyal customer will probably make several purchase a year, and they would hope into the future) then they have covered the "asset".

Those are not meant to be scientific numbers, just to put a bit of 'scale' around the value.

As for today's price movement and trades - very curious - if the figure of 3.5m shares traded is correct (*) then that would be 25% of the shares in issue.

(*) I recall some discussion about inaccurate figures and trades being cancelled/reversed still being in the count - I think this was in relation to Burford,but I cannot recall where that post would be, nor who made the observation.

Incidentally the AGM slides are on the website https://www.innovaderma.com/company-publications/

and Finncap put out a note - with an unchanged view.

Neither of which look at all disturbing.

I don't agree. I agree with the respondent on his page. The growing customer list has significant value. How much I'm not qualified to answer but certainly don't see it as a redflag more as an asset...
davidjhill 5:20pm
Graham - re Innovaderma (LON:IDP)

The final report addresses that point directly and says the following......

We also highlighted a change in our approach which was rewarded with very strong DTC revenues in the second half, a combination of better strategic spend and new product offerings setting the pace. Our DTC customer database grew significantly, both in the UK and the US, with the business having just over 625,000 customers, up from 422,500 a year ago. As highlighted previously, we see this as a critical asset for the generation of future revenue for the business. The Company has taken a conservative approach to valuing the customer list intangible assets carried on the balance sheet.

I don't see this as particularly suspect given the modest amount involved. That customer list has significant value and is growing so wouldn't be impaired.

Note the report also talks about the fact that most product R&D cannot be capitalised since the outcome is uncertain. Thus a good chunk of what they do is expensed.

Feels a bit like a spurious short attack from bulletin boards that gathers a life-force of its own. Clearly put you off.

What am I missing ?

Still can't spreadbet these long. Everytime they drop a tick I have a look and still no.
No idea why that would be though.

Did better than me Scooby, guess I should have put it up on matds bb really, management there need all the help they can get.

There you go then. For those that think that drilling for oil is a walk in the park.
https://arcadespot.com/game/oil-hunt/

He certainly lacks focus.
I bought a few as zen looked to be getting on top of thing after all these years in Azer not because I wanted a nonperforming heavy oiler in Canada.
Fraid all I see is excuses to keep the raises going, certainly not going to "trust an exbanker" not on his record.

Thanks for getting the name right 3.14 appreciated.
Would say that posts like yours turn up everytime a stock drops after a placing too. I mean who'd have thought all those ii's getting in at 11p didn't have a clue?