|@Precious - think they shifted the date out to November:
"Offer close date and notification of allocations of Ordinary Shares
14 November 2016
CREST members’ accounts credited in respect of Ordinary Shares
8.a.m. on 5 December 2016
Admission of up to 2,000,000 Subscription Shares, commencement of dealings in ordinary shares
8.a.m. on 5 December 2016
Share certificates dispatched
12 December 2016"|
|should be soon as the offer date and notification of
allocations of Ordinary Shares is 10 October 2016
CREST members' accounts credited in
respect of Ordinary Shares
8.00 a.m. on 24 October 2016
Admission of up to 2,000,000
Subscription Shares, commencement
of dealings in ordinary shares
8.00 a.m. on 24 October 2016
Share certificates despatched 31 October 2016
so should have a RNS by monday at the latest
Use of Funds Estimated Amount £
Fully Subscribed Offer
• Acquisitions – integrationand growth costs of recent acquisitions £750,000
• R&D – particularly design,development and approval of laser helmet to supplement
and/or replace laser comb technology £750,000
• Marketing – accelerated media strategy for faster market penetration and revenue £400,000
• Cost of offer and listing process £250,000
• Inventory Increase and Cash Buffer £850,000
|I am interested in the company but is it normal for a company to raise money in this way and to give such long lead times. A price range between £1.50 to £4.50 is pretty wide.
Judging from the share price reaction it seems like there is not much interest in the fund raising.
Does anyone have a feel for how its going and when its likely to be announced.|
the shuffle man
|Good luck, wouldn't want to have to offload 70k in a hurry ;) On other hand - aren't many "blue sky" shares knocking around, and if they succeed in raising cash at £1.50-£4.50, any price paid under that now isn't going to lead to dilution. (My guess is they'll raise a lot at £1.50, rather than a little at £4.50, but we'll see. Not expecting much from the results either - all about the accompanying outlook statement).|
|75% profit margin is impressive at wholesale level.. iv topped up as much as i want to on this holding just over 70k shares now. Lets see what happens when the results come out hopefully by next monday GLA|
|In February 2016, Skinny Tan was launched as a new brand in 220 of Superdrug's stores and by July 2016, it was stocked in all 776 of its stores throughout the UK. In the same month Skinny Tan became the No.1 selling tanning brand in Superdrug by revenue. Post period end, Skinny Tan won Best Breakthrough Brand 2016 at the Superdrug Supplier Conference.|
|Being exclusive in retail would limit your sales growth as not everyone shops at say superdrug. At the moment you can even but skinny tan products on amazon prime etc so you need to maximize your target audience. Its like any other product it has to be available at as many different outlets as possible to capture as many consumers as possible.|
|Not seen details of the Superdrug deal but if I were them, I'd want to be exclusive UK seller, particularly with how popular it seems to be proving.|
|came across that article, it seems boots sold the product online after they had been on dragons den but stopped once innovaderma bought it out. If its superdrugs fastest selling tanning product surely Boots would want it in their stores.
love the name by the way ;-) cracker|
|Appears to have been on Boots website 2 years ago, so not sure why it isn't now?
|Ignore the spelling mistakes lol. Phone to blame.|
|On there website and facebook pages with they have pages in USA Australia England etc. It's quotes. Skinny tan the dragon debs winners with the unique formula to combine a natural tanning agent with natural skin smoothing and cellulite firming formal. Looks bigger than I thought. I think the skinny tan side will most definitely be for interesting reading on the number sides now and in future|
|Done a lot of research on skinny tan today. Looks like the owners went on dragons den and got a 600 thousand deal with one of the dragons. They now stock in Superdrug and boots big stores and have a big celebrity following on twitter and etc with celebrities taking before and after shoots claiming how good it is. Sales look very good. Let's see what the future brings.|
|Looks like boots are adding the skinny tan range, it comes up on their searches on google in their title, that would be a massive contract if they supply them as well as superdrug any thoughts??https://www.google.co.uk/search?client=ms-android-hms-vf-gb&ei=8zABWOONHaTUgAaw2J0g&q=skinny+tan+boots&oq=skinny+tan+boots&gs_l=mobile-gws-serp.1.0.35i39k1j0i22i30k1l2.12461.14678.0.153220.127.116.11.18.104.22.168.1138.0j4j2.6.0....0...1c.1j4.64.mobile-gws-serp..1.6.988...0j0i20k1j0i67k1.Cg2U5g6nkkU|
|yep agreed ... am in 3 minds about this one !!!|
|Specto - fair enough, my suspicion may be unfounded. The wide price on the offer is curious though. It's an interesting story either way...:)|
|@Bumpa33 - 800% rise in revenues is from diddly squat to 8x diddly squat, so I wouldn't worry about the quantum - another 800% rise not out of the question.
Placing is curious to be priced so widely, but then valuation is tricky - all depends what the demand is. I'd rather they didn't give them away at £1.50 if there was demand up to £4.50, but I'd also rather they got them away at £1.50 if that was the best price. They're a very small company (c.£15m currently) so will be under the radar of the vast majority.
Guessing, but extended timetable may have been to get this t/s (& soon results) out before placing concluded. Which implies next to no interest in it prior.
In terms of debt & cash position - sounds fine per the t/s, "..little external debt and a strong cash position". In terms of Euronext - I guess they're now a UK co selling in Oz, the UK & Korea - Euronext wouldn't be a natural home.|
|Looked at this but something just doesn't feel right, the open offer is priced between 150-450p for between 666666 and 2m shares - depending on price??! Offer Doesn't close until November now. 800% rise in revenues is phenomenal - maybe too phenomenal? Skinny Tan is the Dragons Den success story from 2012 - supposedly bought out by IDP for an undisclosed sum. The fact that the two dragons involved are Piers Linney and Kelly Hoppen would also ring alarm bells. It being in Superdrug is a big plus and yet, the setup smacks a bit too much of MLM. Also why the switch from Euronext? Accounts? Cash position etc?
All that said, if it catches the imagination, who knows where it could go....:)|
|their open offer closed on 10th oct for up to 3m shares. interesting to see how that goes / went ... purpose was to pay for projected growth ... without it could manage at existing levels but not growth. the prospectus is on their website .... just read the summary. my interpretation is very little if any free float around until these are listed ... even then most of 12 to 13m shares in issue will be in hands of 2 or 3 individuals. that can be good and that can be bad ... i dont know which but have taken a small position.|
|Me to could only put a small order in start of the week looking at it wasn't a bad move as price has dropped but added to it today as I think the risk is worth it.|
|I've bought today so let see what happens|
|Results look promising. Think your right skinny tan has. And if the numbers are good could go from strength to strength over the coming years.|
|Next results should be interesting. Skinny Tan sounds like it's transforming the company. Let's hope so, or those who paid £4/share earlier in the week may never see their money back!
"...A key driver of growth had been the expansion of its international distribution and retail network from 250 to 2,500 retail outlets, including Superdrug in the UK and two of the largest pharmacy chains in Australia and South Korea."|
|There's no real free float on these though and have you seen website, there's something strange about this outfit be careful|