Member Info for saintpeter7

Extract from RNS of 19 December 2016 from chairman - "I am delighted to report that we are on track to achieve the expectations for the current calendar year as set out at the time of our 2015 results in March 2016. While we continue to grow our renewable energy portfolio, we will remain selective and focused on maintaining a balanced portfolio that maximises value for our shareholders. I look forward to updating the market on our 2016 results in early 2017." Well early 2017 in my view has gone. I expect the delay in announcing the results has to do with the refinancing, the subsidiary's proposed IPO and the change in accounting policy, which I suspect are all linked. Love to have a crystal ball as to what will be next announced and when! Could be transformational for the SP one way or the other. I do wish the Bod would let us have an idea when the Accounts may be published so that we are not completely in the dark.

This is cheap as chips as they say. Very interested to note that someone invested £14.25K today. Something about to happen at last?

Have to be impressed with some big buys today and the good volume with relatively few big sales and yet the SP is lower. Stating the obvious, but IMHO the mms are trying to keep the SP down for the moment. Will the SP finish the day up or down - a toss of a coin methinks.

May be the TA target is right, but the time scale? Did you notice that he obviously did not research the company, because he says " But now it would appear we have another big name in the mix in the form of Superdrug". Had to laugh when I read that!

The mms have just dropped the SP again I presume looking to hoover up some stop losses or 'weak' holders and have more shares for the next rise, but so far only one or two takers.

Hi bottled - although it would be good to break above 2.90, as the share is in an overbought situation, I would be happy with sideways consolidation for now, to take the heat off.

Took advantage of the drop this morning and bought some more for my grandchildren. They are 4 and 5; I wonder what it will be worth when they are 18, although I expect the company will have been taken over well before then!

Jam4U - you are quite right - did not intend to mislead anyone - serves me right for trying to do the calculations late in the evening after a hard day at work! Turnover for the year of £8m may not be far out. From their results, the turnover was £2.9m in the half to 30 June 2016 followed by £3.18m in the half to 31 December 2016. So maybe the half to 30 June 2017 will be something in the region of £3.5m? And maybe another £4.25m in next half - so yes nearing £8m a year.

Using a continued growth rate of 125%, which was the rate of growth from the half year to 30 June 2016 to the half year to 31 December 2016, I forecast £7.2m for the half to 30 June 2017. I don't know whether that is too ambitious or not. I have not looked any further as it becomes far too speculative with the new products they have and will market during the second half of 2017, with insufficient information available yet. Good night and sleep well.

Just as a matter of interest, following the new finishing high today, 4-traders.com has short-term resistance now at 304; so will be interesting to see what happens tomorrow (now today) IF the SP continues to rise. Medium term has been raised to 444 and long term to 437!

Good post Jam4u. Looking at my guestimate of the half year profit perhaps I may not be too far out and may be I will have underestimated the growth in sales. Of course with all the new products coming to the market, when you begin to look at the 2017 calendar year in total, a growth percentage of 125% in sales that I have used for the first half may well be a good deal below the growth experienced in the second half of the year. I certainly don't disagree with your potential £4 SP well before the end of 2017 if the company's profit margins are maintained and sales grow as we anticipate. For those thinking of investing now, please DYOR and remember there will be profit-taking along the way. GLA

Arnietwo - I have liked this company's prospects ever since I first bought in at 85p. I had sold all when the SP was 160p from memory and so made a next few pennies. I invested for my two granddaughters at 225p only to see the SP drop to the 120s which was annoying, but I held on to the shares and have added more today. I did also buy back in for myself and my wife at the beginning of the day and later on. I do use TA charts to try and time my buys. According to the daily chart, we are in a strong uptrend, which even after today, shows a possible 320p minimum before reaching the top of the trend channel and that is why I was confident enough to buy at 282p. The volume has been good, which is also very important. This is a volatile share due to its low free float and I do therefore use a stop loss and also monitor the 10 minute chart as it gives a very good indication of the trend. IMHO marketing is very key to IDP's future success and I have been impressed by their strategy so far. I don't know whether you have looked at their website at http://www.innovaderma.com/wp-content/uploads/2017/02/InnovaDerma-Interim-Results-Presentation.pdf The exceptional costs incurred in the period page is of particular note as it indicates normalised annual profits of £250,000 for 2016. I have tried to guesstimate the profit they may make in the half year to 30 June 2017 and I arrive at a figure of perhaps £500,000. This is based on sales increasing by 125% as they did in the last half to £7.2m and the gross profit margin being maintained at 57% giving £4m gross profit. This is where the calculations become even trickier because what will they spend on marketing, admin and wages. I have assumed marketing doubles, admin is up 70% and wages increase by 75%. For such a fast expanding company it is difficult to know what such overheads will be. It will be interesting to find out in due course.

According to 4-traders, GC does own 11.6% of SMA and director, Rupert Fraser owns 14.5%. So they have a vested interest in getting the RTO sorted in time. The free float is apparently about 400m shares, current value £1.5m and just 46.5%. So, once a positive announcement is made, IMHO the SP should soar.

Just under 2 months to go before deadline. RTOs do take time and 6 months is often fully needed, but I am hoping that may be the Bod are finalising the prospective deal that they talked about in November, for which they have already had some 6 months to work on. Hope they don't have to sell the investment in VG as that looks like a potential winner if VG are able to successfully develop Mandiana and bordering tenements they have acquired. Would they need to sell it to proceed with the RTO, as they would need to find a willing buyer?

Great to see good finish today with a closing high. Jam4u - been looking at your recent posting - excellent

Just bought another £7.5K at 282 - due to quoted spread showing as sell like the others at this price

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Yes just looked at their FB page just now and it does refer to news at 12 today - so hopefully will know fairly soon.

Well the SP has certainly launched this morning;-)

I posted this earlier this month and I think it's worth reiterating: I'm confident as one can be that GC will pull the rabbit out of the hat in time and make us wealthier. Been looking again at the 5 year chart to see where the resistance points will be. The first one is 0.79 - wouldn't be too bad would it; the second one is 1.15 - treble the current SP; the third one is 3.75 - now that would be nice! Courtesy of 4-traders chart. The current mcap is £3.23m and I have to admit I am rather surprised that the SP has held this level, but naturally happy that it has. The value of SMA's investment in Volcanic Gold is currently worth about £850,000, so taking that into account, the combined 'hope' and AIM list value is about £2.38m, not bad for a shell company. Unfortunately I bought in initially in the 0.80s, but since the drop to the 0.30s I have added more to bring my average down to about 0.45. I have sold some since the original purchase as I felt I had too high a proportion of my portfolio in SMA and wanted funds for other opportunities that have come along and thankfully have been largely profitable. I have learned that if you invest in a shell, it is wise generally to leave it towards the end of the 6 month period in which the company has to arrange an RTO, because from my limited experience, companies need the whole of that time. Okay, one might miss out on some, but that's the way it goes. Always interested to learn of others experiences with shell companies.