Innovaderma Share Discussion Threads

[mad foetus] 10/2/2017 07:43

I actually thought the professional range for salons might be a bigger earner. Anyway, a relatively niche product but easy to understand, already on sale, big margins, profitable, rolling out into other territories and a market cap of peanuts, lots to like.

[croasdalelfc] 10/2/2017 07:38

Oh and I think the new Hair Lisa product will be kicked into the long grass - it's all about skinny tan

[nw99] 10/2/2017 07:37

Gross margins were 57% before the move and will be higher now (65%) whilst sales are expected to top perhaps £7m this year, which means that profits are therefore potentially set for a high growth trajectory.

[nw99] 10/2/2017 07:36

H2 will see a full benefit from the relocation of manufacturing to the UK, which enhances margins and the launch of Skinny Tan into the US

[croasdalelfc] 10/2/2017 07:34

* Development of a new self-tanning brand consisting of a range of products with a unique sales proposition for the multi-national grocery and mass market retailer channels. The product range is aimed at the more price conscious consumer and is expected to be launched in 2017 throughout multiple markets globally I thought this was the most interesting bit.... a cheap, high volume new brand to launch into supermarkets, low margins of course but a whole new revenue stream

[nw99] 10/2/2017 07:33

The best investments I have made in my city career have always been from superior knowledge of the products and the user base . Look at Next and Supergroup .

[nw99] 10/2/2017 07:26

You are getting in on the ground floor in this share prepare for lift off

[doc robinson] 10/2/2017 07:22

Great article in daily mail putting Britain first!All good publicity for skinny tan. Watch the interest in this share grow.

[mad foetus] 10/2/2017 07:20

Does depend on how many friends your wife has and how seriously they take her.

[nw99] 10/2/2017 07:17

Opo a very valid point , my wife just bought her second lot of Skinny tan products and really does rate it , she has told all her friends about it. With this sort of advertising it could re rate very quickly.

[opodio] 10/2/2017 07:05

The US was only in these results for 6 weeks. Imagine the US is 15x bigger for tanning and imagine what 2H will be like

:)

[nw99] 10/2/2017 07:01

Yes not many shares out there with this sort of growth , will be a candidate for Sharewatch portfolio addition next month

[mad foetus] 10/2/2017 07:00

In the end publicity will raise awareness, boost sales, and alert competitors still further. I see a takeout of ST at around the 100m mark as the most likely scenario.

[nw99] 10/2/2017 05:49

Nice big write up in the Daily Mail

[doc robinson] 09/2/2017 20:21

No real bad news from that summary next hopefully gnc to sell product across more of its stores . Early top up tomorrow could hit 2.00 before weekend . ?

[opodio] 09/2/2017 19:35

Nothing skinny about InnovaDerma's "spectacular" revenue growth driven by Superdrug push
Share
09:28 09 Feb 2017
The Skinny Tan firm said revenues jumped 125.5% to £3.187mln in the six months to December 31 driven by a successful penetration of the UK market.
Body tanning
InnovaDerma said Superdrug increased shelf space for Skinny Tan on average by a factor of four since January 2016
Shares in Skinny Tan firm InnovaDerma PLC (LON:IDP) jumped higher this morning after the self-tanning and skin and hair rejuvenation group said its first-half revenues soared by over 125% and that the second-half has seen a “very strong start”.

The firm said group revenues jumped to £3.187mln in the six months to December 31, up from £1.414mln at the same stage in 2015, driven by a successful penetration of the UK market through Superdrug and direct-to-consumer sales.

InnovaDerma - which moved production to the UK from Australia during the period to improve its supply chain – said gross profits increased by 131% to £1.837mn.

However, the group’s pretax loss rose to £0.154mln, up from £0.004mln, as a result of one-off exceptional listing costs and the strategic initiatives to expand the business.

Superdrug boost …

InnovaDerma said: “Superdrug has increased shelf space for Skinny Tan on average by a factor of four since January 2016, which has increased its visibility in their stores and enhanced the performance of the UK business.”

The group also said the Skinny Tan brand had been extended to 33 products, up from 25 previously, to take advantage of the brand's growing popularity.

The firm also said it had made a “very strong start to the second half of the year with January 2017 delivering the highest ever monthly sales in what is considered to be the slowest month in the self-tanning industry.”

InnovaDerma added that its US performance is in line with expectations after launching in November 2016, with the group securing opening orders for Skinny Tan from Harmon Retail Chain - a subsidiary of Bed Bath and Beyond Inc. (NASDAQ:BBBY).

In early morning trading, InnovaDerma shares were up 16.6%, or to 21.0p to 147.5p.

Spectacular growth …

Haris Chaudhry, InnovaDerma’s executive chairman said: "I am pleased with the sound structural changes made in the first half which has contributed to a strong start to the second half.

“We are confident in our immediate and long term prospects and of emerging as a fast-growing international business with a diverse portfolio in the beauty, cosmetics and personal care space.”

Broker Hybridan said: “InnovaDerma has booked H1 numbers showing spectacular growth.”

It added: “Plenty more to look forward to in H2. Improved supply chain should boost margins. Lots to come from new product roll outs and the US has started encouragingly.”;

[nw99] 09/2/2017 17:09

With meeting with Sharewatch to come

[essential] 09/2/2017 16:56

Finally bought in before the close. Was waiting for a drop but decided to make an initial purchase. Note price still below that paid by scsw editor (182p)

[geheimnis2] 09/2/2017 16:46

could this multibag from here?

just a thought?

[andyr42] 09/2/2017 16:32

surely with a little horizontal at times opodio?

[opodio] 09/2/2017 16:30

Going vertical :::))))

[opodio] 09/2/2017 16:27

heading into orbit