Member Info for saintpeter7

My initial thoughts are that the result should not adversely affect IDP. In that the GBP may be lower, it will increase the value of exports of Skinny Tan to the US and all other countries. So a positive effect there even if short-term. People who buy IDP's products are not going to stop doing so. Slightly late but topped up at 360.6. GLA

My initial thoughts are that the result should not adversely affect IDP. In that the GBP may be lower, it will increase the value of exports of Skinny Tan to the US and all other countries. So a positive effect there even if short-term. People who buy IDP's products are not going to stop doing so.

Well done both of you. I managed to top up at 344p. No hanging around for price action on this share!

May be a bit early to call, but signs of selling slacking off and SP just above 10 dma. Could be a good time to buy again. Your decision.

Certainly possible Wahlberg. I note the mms have dropped the SP yet again.

Jam4U agreed. Will be interesting to see where the SP ends up today. The drop is hardly a surprise as the rise ran out of steam and I note a few large sales on the way down. We know with this share that it can move by material percentages due to its small float. I'm still of the opinion that the SP will rise again towards 400p before the trading update and as Zatcha quite rightly says this is an opportunity to buy the dip. Look for a turn back up from the downtrend today. Your decision though!

I note the mms are bringing the SP down as the selling alone is not sufficient to warrant the lower price. Guess they are trying to acquire shares for the next rise.

Not too clear what may happen to the SP now after today. I would expect support for the SP by reason of the trading update due on 19 June and perhaps consolidation for a while now after the breath-taking rise from 275p. Certainly momentum slowed today as volume was 72% of the previous 3 days and so maybe the SP will slip again over the next few days. However, hoping to see the SP's daily finishes to remain above 350p as the 10 dma should be about that level by Friday and it would be healthy to remain above it. Also, the trend line from the finishing days tops of 4 April and 5 May extends to c. 350p on Friday also and the SP will hopefully stay above that line. All TA theory I know, but IMHO not unreasonable to expect to stay above 350p because of the upcoming trading update. Any drop below that would IMHO be a good time to buy. Looking upwards, short-term and medium-term resistance is 419p per 4-traders.com. Anybody else's views would be welcome.

What appear to be two nice buys towards the end of the day. Good to see - perhaps buying ahead of news of the new venture.

Are there many who have stop losses at 400p? Will the SP hover around 390p - 400p as it did when trying to break through 300p? 4 days ago you could buy for under 300p - what a re-rate! GLA today

Long time since we have seen SMA on the leader's board!

Hi Monkf6 - when a large sale goes through, as I understand it, the mms, in having to sell them on to buyers, raise the SP to enable them to make sufficient profit on doing so. In doing so, the rise in the SP can also lead to potential buyers deciding that they need to buy now to avoid having to pay more if the SP goes up further. Mind you, they have a hell of a lot of shares to move on! Interestingly, the same happened £1.64m of shares were sold on 10 April 2017 as you may recall. Love to know which institution is the large seller and whether they will have more to sell. The Chairman did say a number of months back that the SP was being depressed by a large seller. I don't know whether it has anything to do with the Indian subsidiary's possible IPO and debt refinancing. Don't suppose we will ever know.

Arnie - really can't say. From a TA point of view the share is (surprise, surprise) overbought and the SP is outside the standard bollinger band and therefore, you would expect the SP to drop with some profit-taking. But if it does, how far? There is a degree of support at 290p and below that at 259p. IMHO prior to 19 June when a trading update is promised, there will be good support for the SP and I would not expect the SP to drop below 300p as you would ideally wish. Post the update, IMHO unless it is far better than the market expects, there will be the common selling after an update. How far it will drop back? Based on my daily chart, the bottom of the upward trend channel would be about 268p on 19 June and so the SP might fall back to the 259p support level. Even prior to the trading update, there may be some other product update. So that further complicates the position. You know the SP is volatile due to the low free float - so timing is all important. I may prove to be totally wrong with the SP action - if I got it right every time, I might be a millionaire by now! I have given my view in good faith, but naturally you should not rely on it - you have to make your own decision. GL on your timing.

Been looking at where Innovadema is with its products other than Skinny Tan. As we know they acquired Stevie K and Charles+Lee, at the end of February and are both Australian based. Stevie K's website is currently undergoing a facelift and will be back on line in July - sorry their words! Product sold in Australia, New Zealand and the UK. Charles+Lee sold through their own Aussie site and via Urban Outfitters site in Australia, New Zealand, the US, and Canada. However they do of course have Facebook and Instagram pages. The products they both sell have excellent reviews on their Facebook pages, although there have a limited number of reviews. Leimo hair-loss treatment is only distributed in Australasia according to IDP's RNS but the laser appears to being sold by Amazon under the brand name Sagara and via e-bay (Australia). IDP say that is has ''developed an innovative and highly-effective topical haircare range for men and women to aid hair regrowth and hair thickening. The haircare range will initially consist of five products, including uniquely formulated shampoos and conditioners, in attractive packaging and will be available in Superdrug's top 400 stores throughout the UK from August 2017.'' Interesting that they say that it will be launched separately from Leimo - does that mean that the products are different and/or will they be sold under a different brand name? Prolong - well only just acquired, but extremely promising plans according to the RNS in May. So in summary, high reliance on the success of Skinny Tan at present, but if the company can do what they are with that, so long as the products sell, why not repeat it with the others. Haris comes across as a very switched on CEO and IMHO shareholders are in good hands. We just have to be careful that investors don't get over-exuberant and the SP gets ahead of itself. Start-up and marketing costs may well keep the net profit level quite low for a while. Let's hope for a profitable week. I shall be happy if the SP consolidates for a while as it shot up 30% last week.

Hi GC - yes I went through that list and the information filed for them and the companies are either dormant or in the process of being dissolved if not already. So in summary, the directors' directorships of UK companies is totally uninspiring. But, they have undoubted business experience as detailed on the MILA website and so let's hope that and their business connections plus the assistance of the advisory board will be sufficient for MILA to end up with some cracking investments.

Just discovered that Skinny Tan signed deal with Alliance Boots 3 years ago - don't know what happened to the deal but someone at Boots must have remembered! http://www.telegraph.co.uk/finance/businessclub/10995627/Boots-takes-a-shine-to-Dragon-backed-Skinny-Tan.html

Both companies of which George Donne is a director - Caldera Energy is in the process of being struck off and Caldera Energy Services Ltd's last Accounts showed no turnover and was insolvent reliant on another company for continued support. So no I regret that there appears to be nothing there to be RTO'd. Otherwise for George Donne I cannot find any directorships for companies of any substance registered at Companies House other than MILA. Mark Stephenson is only shown as a director of a husband and wife consulting company in addition to MILA. Anthony Eastman is only shown similarly except for also being a director of a company currently in liquidation. All the above information is from Companies House website. I have taken it at face value and cannot be certain that it is complete.

Both companies of which George Donne is a director - Caldera Energy is in the process of being struck off and Caldera Energy Services Ltd's last Accounts showed no turnover and was insolvent reliant on another company for continued support. So no I regret that there appears to be nothing there to be RTO'd

Cant answer your question other than to say I would expect the SP to drop on the announcement of the results unless they are much better than expected. As indications have already been given by the volume statistics the Bod have issued, IMHO I expect a further rise towards June 19 in anticipation, but a drop through profit-taking afterwards, but I may be proved wrong. That's always the unknown. Even after a fall, the medium to long term view is very positive; so, it depends whether you wait and see. As you say you have to sell ECHO first after their RNS is issued, review the SP for IDP at that time and consider whether to buy or not then. What if ECHO's RNS is such that the it's SP rises! Maybe split between the two? GL whatever decision you take.

Rigger - I have no problem with your views. The company has undoubted potential as investors can clearly now see. Every investor should have the sense to make their own mind up and, although not always easy, ignore their emotions.