Member Info for shandypants2

think he's an experienced PI who was previously a director at RB.

He clearly thinks he will make money at these prices so that gives me a level of confidence.

YE revenue numbers should be confirmed maybe late next week - previous RNS stated rev will be 'at least' last year's (£12.9m) so i'm hoping for £13m plus and possible £1m profit. Not bad in the Covid circumstances

funny how the Protos contract was recently ended despite adding value in 2019 and H1 2020 (according to Argo).

Now why would you not renew a contract that was adding value? Protos is 'owned' by an Argo ex director i think

this was pumped massively the week or two before the placing. I feel sorry for anyone who bought in around 15p last week.
You could see a raise was always on the cards

good RNS today and shows progress through 2020.

Short term drivers for share price are:
1) AGM statement - hopefully positive and maybe mention of a future dividend will be well received
2) June numbers in early July - first full month since halving so critical that mining efficiency is at a healthy level etc
3) could be released with No2, half year guidance. Need to see costs under control etc. An estimate of actual profit (not just gross) is also required
4) increase in BTC price which is anticipated in 2nd half of 2020
5) takeover talk - who knows???

Numbers are awful, that why Hvivo was purchased so cheaply. However, that was 2019 and it's all about 2020 with ORPH

how will the 1 metre rule work - surely we can't leave every other seat empty?

Tanya will keep posting until DISH has a raise. Get restaurants re-opened , DISH will send out a rampy RNS stating sign up numbers with no mention of revenues, which will be minimal, and then placing can be done at maybe 3p. After that she (or he) will disappear

And before anyone says company is fully funded until year end, no company waits until it is running on fumes before raising

with Bandy in charge this company will never go anywhere. Look at all previous explorations it has participated in - its track record is woeful.

Be very careful with this one IMHO

After the April fiasco on a zero invoice i was hoping May would be a minimum of $5m yet we received only $2m (baed on 1m barrels).
On May 6th oil was c$24 a barrel, on 15th May it went above $30 and by end of month it was c$35.

So with a $21 discount i was expecting the average to be between $5 and $10 per barrel, not the $2 that we have received.

If oil stays around $41 in June that's c$20 per barrel for GKP. Therefore i would expect c$20m being paid, however, based on May i am now expecting much less.

Are other costs also deducted from the revenue prior to payment?

we are definitely undervalued when you see DISH in the daily risers table and a valuation of c£11m - minimal revenues and unproven demand for a phone app.

Sentiment is key with all small shares and the BOD need to improve ours ASAP

yes another good RNS and informative update on Proactive by GB.

Clearly this is a few months away from being a revenue earnewr but there will definitely be high demand for an almost realtime covid water detection .

I think every RNS in 2020 has been good and shown progress but the same pattern emerges - price opens higher than immediately selling takes it down again - we are definitely struggling to get to 2p which is c£20m valuation.
I think the concerns re cashflow are justified for any small company however the recently announced £400k loan facility will surely help. As i said last week a placing is not necessarily a negative if it is done quickly , at a minimal discount without 'mates rate' warrants attached and if it is for a valid reason e.g. ramping up production to meet increased orders etc

I think the next year or 2 should be very positive for SKIN

https://www.beautybay.com/l/?q=nuthing

Both nuthing and skinny tan are now available via Beautybay.

They have a big online presence - they have c1.5m facebook followers alone

what a joke. They even mention shareholder value!!!! Price was over 11p in Jan, 7p recently but offer price is 6p.

news late again. What a surprise

GFIN seems to be doing the right things now and lockdown has clearly helped. Seems very undervalued at these prices .
Hopefully back into the 2 range soon

interesting that TP's earlier note (Jan 2020) had 2019 operating loss of £1.8m yet the actual reported figure is over £2.3m.
Overall admin of £2.9m for 2019 seems very high although this includes exceptional items of £532k and amortisation and impairment of intangible assets totalling another £683k.
I'm guessing these are one off and shouldn't reappear as 2020 estimate admin is £2.2m.

Lots of progress so far in 2020, especially with Modern Water. Hopefully Chinese and Parity tie ups may generate revenues in H2 as i suspect these have been impacted by Covid.

I will keenly await the H1 numbers to ensure increased revenues have also improved operating profit/loss position and cash in bank.

hoping some positive news on progress if US deal in the AGM statement will kick start this share price. Clearly not expecting anything price sensitive but 'pleased with progress' etc will be reassuring.

With an US deal can't see this being below £1.50, possibly £2

late Friday RNS has Mark Ward now holding 6% of IDP. Always a positive when someone is accumulating shares in this volume.

Looking forward to YE numbers at end of June/early July.

GB, many thanks for your reply.

From the placing RNS on 6th Dec 2019 it stated...
"The Company guided revenues of £1 million in 2019 and four times that for 2020 to £4 million. Even with cash in the bank, a very low-geared (8 per cent.) balance sheet and profitability in sight, it is necessary for the Company to provide verifiable assurances during a client's due diligence process that its cash buffer is strong throughout the duration of each client's engagement with the Company. The monies raised will provide this buffer and enable this continued rapid growth of sales to many leading global skincare companies through the expansion of both facilities and employees. With the visibility we have of sales into next year, 2020 is already looking to be a good year for Integumen."

Further down in the RNS it stated cash in bank of £477k as of 30/9/19.

At 31/12/19 results show that cash in bank was £1.2m despite a £1.3m placing only a few weeks before.

So whilst i appreciate there will be invoices unpaid etc SKIN has burnt over £500k of cash in Q4 alone.

Based on this IMHO cash will continue to be tight in 2020 and i would not rule out another placing. Look at Open Orphan - 2 placings this year and they are flying as they are using the money appropriately. A placing is not always a negative.

I am happy for you to prove me wrong, but it is clear that the last placing did damage the share price and also damaged SKINs reputation in the short term as the previous 3 or 4 months you had repeatedly told shareholders that cash was fine.

yes, but cash is still my big concern here. £1.3m raise in Dec yet cash at year end was £1.2m so we must have been on fumes before that raise,although GB claimed raise wasn't required - clearly this statement was not true.

Based on this the £400k loan facility also announced today may not be enough.