The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
There is a man and wife duo in my town, who have a wheelbarrow cart. They sell trinkets from China to tourists, and do hair braiding and henna tattoos. They turn over more in the summer, than this bunch of clowns managed in 6 months.
Well, we shall find out all on Friday. Hopefully they are transparent and clear, with achievable reassurances, and plans for the future. We can all then make our decisions about this company, and act accordingly. I wish the best of luck to everyone, we deserve a bit of that :)
Neil Thaper has consistently said the results would be released at the end of May (as recently as two weeks ago), so they’re releasing earlier than planned. I wonder if they’re getting all the bad news out before a new CEO starts? Why did they RNS that anyway?
https://imgur.com/a/JrHgbHE
https://imgur.com/a/xtVpUGn
https://imgur.com/a/kue0qXG
It’s entirely possible for Cellular Goods to advertise on Facebook, it always has been. It just requires a little thought and effort. I am bombarded by Trip CBD adverts on Facebook. The key is to not mention or show CBD/CBGin the ad. Trip’s sponsored ads links to a landing page, which then links to their website.
Their Facebook ad- “Join our feel-good gang and take a trip to happy days with TRIP Oil as a natural way to soothe and settle your stress”
“Unwind with the power of plants”
CG have Helena. Why not run an ad on Facebook with her face, with something like “Our breakthrough rejuvenating skincare range” line.
https://www.playbook.media/blog/cbd-advertising-on-facebook/
Also, I think it was overpriced. It’s a decent face serum, but there are many of those out there. I wonder if they had initially launched at a much lower price, they would have had more people willing to try it out, who then would have become loyal customers. They could have slowly increased the price over time, once they had got buyers onboard.
We now have the oil in a travel size
https://www.instagram.com/p/CrflvWUOfTX/?igshid=YmMyMTA2M2Y=
Why don’t they get the products in one of the numerous online skincare retailers like SkinCity, Dermacare direct, Cultbeauty, Lookfantastic, Flawlessbody etc. They sell many well established actual premium brands, as well as cheaper ones. People who go to these sites are there specifically to buy skincare products. There hasn’t been a purchase review for the serum on Amazon since last August.
I have been using Skinceuticals vitamin C serum for years, which is more expensive than CG and consistently comes out top on ratings, and I have never once bought it from a bricks and mortar store (or Skinceuticals own website). I’ve always bought from one of those retailers, as do many of my friends.
Here a positive from me - I’ve been trying out the serum, and I quite like it! :)
£5m :)
Hi Paul. Obviously I don’t know exactly how much money is left. However, the point I was trying to make with Karl is that they absolutely did not have £5 in December, or £4.3m. Facts are important.
By that I mean they have to be down to around £2m now.
“ All wish you to do is vent your frustration for your own gains”. People have been saying this for a long time about anyone who’s expressed doubts, and look where we all are now.
Absolutely do not go by figures Karl, go by the figures stated clearly in the financials.
By my calculations, you are circa £3m out.
Karl. They did NOT tell us how much money was left in the last financials. The £4.3m figure they gave was what they had left back in August 2022.
I wish I had your optimism. To release new products, to expand and to do all the things they initially touted, they are going to need cash. They don’t have a lot of that, and are better at spending it than making it. How easy is it going to be for them raise this cash, and at what cost? If they want to raise cash through a share issuance, will they find someone confident enough to buy them? How heavily discounted would they have to be? Similarly if they go for debt, it’s not going to be favourable.
It’s been an absolute cluster****, and a mental struggle whether to sell these, and realise the gut wrenching loss, or hold in the hope there’s a bit of hype upcoming, and the opportunity to sell at a slightly more palatable price.
I’m extremely negative on CG, but I think that’s a pleasant response. All my replies from investor relations have been curt and condescending. If you want a 20 percent discount, create a new email address and use the WELCOME20.
The response i posted above was received last week.
We were originally told Q1 2022, then it was sometime in 2022, then Q1 2023 and now it’s sometime in 2023.
Last year investor relations said...
“In December 2021 we stated clearly (see first para under Operational Review of our full year results) that we would launch in 2022 but we did not elaborate on a more specific timing”
This year, it’s…
“We have not announced an exact date for the movement range; the last update we provided was at the time of our full year results, when we said we were planning to launch the range in 2023”
I also doubt it’s coming.
The £4.3m figure given in the December figures was only to August, they declined to give an up to date cash figure. They probably have less than £2m now.
https://www.instagram.com/reel/CqaO44ILPsv/?igshid=YmMyMTA2M2Y=