Member Info for saintpeter7

Forbes has issued an update (1 August). "Further to the announcement of 30 May 2017 (temporary suspension whilst audit is completed), Forbes is pleased to announce that the Company is making progress in completing the audit of the Company's results for the year ended 31 December 2016 and will make a further announcement as soon as possible. In addition, since the end of the financial year, the Directors of Forbes have been reviewing the Company's portfolio of investments and expect to be able to announce a refocused portfolio and investment strategy alongside its audited results. The Directors of the Company accept responsibility for the contents of this announcement." We know that they have been investing in assets previously held by Chris Bateman's Gravity Investment Group companies, Gravity being the majority shareholders in Forbes. Don't know why; perhaps they will explain in due course. Gravity holds 69.66% of the issued share capital of the Company.

Good day today for IDP's SP finishing at a high of 359p. Let's hope for a further rise tomorrow, which would see the continuation of the new uptrend. Evening Wahlberg.

Morning Wahlberg - excellent post.

I just have to - please forgive me. Will this be the route to another success for IDP :-) I note that there are a few hair products on the market called Roots or a variation thereof. One is Lush who in the UK have 106 shops nationwide and sell a range of personal care, cosmetics and hair products under their own name and are also in the US and Canada. They sell Roots - see http://www.lushusa.com/on/demandware.store/Sites-Lush-Site/en_US/Search_-Show?q=Roots. They also use facebook and Instagram and have 390K followers on the latter. Lush is a privately owned company whose turnover was £282.5m in 2014. I wonder how long it will take IDP to get to that level of turnover! I'm not being despondent in any way at all, but what a challenge. They have had 21 years to get to that size, just a few more than IDP!

Wahlberg - good find and the sort of article which is so good at letting investors and the public generally know. I wonder how fast ROOTS can grow :-) Cheers

And thinking about it further, as it is already known in Australia, the company's initial approach has to have been to relaunch there and in NZ.

Hi wahlberg - good to see the website up again and good front page, but shame the UK stockist's website is not available. No doubt the site will be updated further as Superdrug become ready to sell Stevie K,

Skinny Tan USA was launched at the Miami Swim Week last week. Nice you-tube video on ST's Facebook page. Models in swimwear were wearing Skinny Tan - great promotion. Conquer the USA and watch those profits zoom!

Shares in Forbes still suspended after 2 months. Chris Bateman has resigned as a director of Primus Care plc and Nicola Fairweather has been appointed in his place. She is a director of certain companies in the Gravity group of companies, owned by Chris Bateman. No idea why he has resigned but as she has taken his place, I don't see any particular relevance. I still suspect there will be a going concern qualification to the Forbes accounts when they are published and frankly do not hold out much hope of seeing any of my investment back. Hope I'm proved wrong.

Boon boon thank you for that information which is very useful. The revenue figure for this new year is much the same as the previous broker's; so I am thinking that my hoped for £20m for the year is too ambitious even though the revenue excludes the headmaster and skin brightening range. Of course the latter will be very difficult to forecast in an extremely competitive market. HC did say that he likes to beat market forecasts and so it does help that the broker's forecast appears conservative.

Well found richieboy. Have already liked on FB got to get the word out!

Does anyone have access to FinnCap's initial coverage which gives a target of 400p per HL? Don't know what their timeline is on that, but does not seem very ambitious.

Hi bignose thanks for responding. I have not heard anything as a result of being a holder of LIFE; so I follow PukseFlow's FB page for anything of note. Whether the fundraising will be connected with an AIM re-listing I haven't a clue, but I suspect it is too early for that. How's RPG working out for you? I had bought into LIFE on the back of JM's reputation for success. I've learned the hard way that these days that counts for little, having also shares in KENV and SMA where the chair is GC, who also had been very successful in the past. Obviously, that was not the on,y reason for those investments, but it was a factor. Hope you have had better luck.

Yes, I should have mentioned that it was an interview given last month, but it it well worth listening to particularly for newbies. What struck me was the size of the Skin brightening and whitening market worldwide, into which IDP has launched Skinny White, being $20 billion, over 20 times the self tanning market, and which is not seasonal. If IDP are able to do as well in that market as they have with Skinny Tan, what turnover may we see for the company in a year or so's time, from that alone? Of course add to that the other brands and well who knows?

Another cracking interview by HC

Hey it's going up!

I guess that's why I haven't traded it. Always a conundrum and I must admit I have been surprised by the percentage retrace. Good to see no initial mark down this morning.

Arnietwo, totally agree. It's just that tricky matter of selling at the top and buying at the bottom! Am getting better at it as experience is gained.

So used to having shares on AIM, I tend to forget.

Remarkomsoc's view on ad..n BB of drop to 280p - I can see why he says that based on daily chart. I would say perhaps 290-295 may prove to be the bottom of this downtrend from which we will get a strong bounce as wahlberg said earlier. The 6 month view IMHO is that by Xmas, we will have an SP of £5 simply because as wahlberg has quite correctly pointed out, we have exponential growth in turnover due, hopefully reaching £20m for 2017/2018 and I am sure we will have had some nice juicy updates in the period. The RSI is nearly 30 and when it reaches that level, the share becomes oversold as no doubt all posters here know. So the SP may or may not go below 300p, but whether or not it does, I'm not concerned to try and trade it at this level. Although the outlook is rosy, we know that an SP normally suffers particularly on AIM when there is a break in news from the company. I have been a LTH with IDP up to now, but I can see a strong argument now to sell after news and simply stay in cash until after the following downtrend has bottomed out.