RE: Good update4 Sep 2021 12:43
Hey ShandyPants,
I agree, it’s a decent update and we should probably recognise it’s a corporate update as opposed to a trading one. From a rules perspective, I believe that means they are only allowed to update on items that have seen something change and not just update on revenue gains etc - although could be wrong.
If it was a trading update and they didn’t mention nuthing and roots that would be more of a concern for me, although to be fair the primary focus is undoubtably on Skinny Tan as that is where they are going to see the most benefit.
It looks like management know that Skinny Tan is the product that will move the dial faster than the other products. They can only do so much at once, and judging from previous RNS updates, there appeared plenty of fixing to do after Bayer’s disastrous reign.
The helmets weren’t cheap, but that didn’t mean they worked. You haven’t been able to buy one for ages (well over a year) and the website is a basic holding page (it even asks for a password which is strange). I think this is another “great idea” that the previous board had but then just wasted money. Before and after pics are easily faked - if a device like this worked then people wouldn’t do invasive hair transplants. My opinion is that it is probably snake oil being peddled by Bauer. If it worked they would have sold the IP.
I can’t remember who the awful life sciences guy was but he didn’t seem to have a clue.
It would be great if they had a broader product range, although I’m glad they now have the focus as opposed to just buying products and letting them die.
I’m not sure Charles + Lee has a USP - there aren’t many grooming brands that really do. It’s a sector which differentiates itself through marketing, hopefully the new focus on influencers will help the brand but at least the adverts for C+L aren’t as awful as adverts for ST have previously been.
Someone bought almost 3% of the company in one trade on Friday, if that’s an existing shareholder then we might see a tr1 next week.
If it’s an insider it’ll show real confidence in the future - fingers crossed!!