Innovaderma Share Discussion Threads

[precious123] 18/10/2016 11:54

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

[precious123] 17/10/2016 16:31

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.

[precious123] 17/10/2016 16:25

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.

[spectoacc] 17/10/2016 15:10

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.

[precious123] 17/10/2016 15:01

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

[anusol] 17/10/2016 14:23

Appears to have been on Boots website 2 years ago, so not sure why it isn't now?

[ryan2103] 16/10/2016 11:33

Ignore the spelling mistakes lol. Phone to blame.

[ryan2103] 16/10/2016 11:26

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.

[precious123] 14/10/2016 20:33

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.1.0.35i39k1j0i22i30k1l2.12461.14678.0.15394.7.7.0.1.1.0.218.1138.0j4j2.6.0....0...1c.1j4.64.mobile-gws-serp..1.6.988...0j0i20k1j0i67k1.Cg2U5g6nkkU

[meganxmas] 13/10/2016 20:28

yep agreed ... am in 3 minds about this one !!!

[bumpa33] 13/10/2016 20:06

Specto - fair enough, my suspicion may be unfounded. The wide price on the offer is curious though. It's an interesting story either way...:)

[spectoacc] 13/10/2016 15:55

@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.

[bumpa33] 13/10/2016 15:31

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....:)

[meganxmas] 13/10/2016 13:43

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.

[ryan2103] 13/10/2016 13:34

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.

[precious123] 13/10/2016 12:44

I've bought today so let see what happens

[ryan2103] 13/10/2016 08:40

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.

[spectoacc] 13/10/2016 08:34

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."

[csmwssk12hu] 12/10/2016 16:40

There's no real free float on these though and have you seen website, there's something strange about this outfit be careful

[anusol] 12/10/2016 11:51

I'm in - current share price is pretty much at the bottom end of the IPO range. FYE of those Superdrug sales will be impressive in Q1/H2.

[precious123] 12/10/2016 10:00

sharecast news , looks the final results will please the market when they come in the next few weeks. makes a good read

[ryan2103] 11/10/2016 20:01

Precious Where did you get that info from. Sounds very interesting.

[precious123] 11/10/2016 16:18

InnovaDerma, a UK developer of 'at-home' and clinically proven treatments for hair loss, hair care, self-tanning and skin rejuvenation, provides an update on trading ahead of its Final Results for the twelve-month period ended 30 June 2016.

Trading Performance
The Board is pleased to announce that it expects revenue and profits for the full year to 30 June 2016 will be significantly higher than the previous year, driven by underlying organic growth across its product range and the contribution of the Skinny Tan business, which was acquired in May 2015. The integration of the Skinny Tan business into the InnovaDerma operations has been completed successfully and the product range has grown strongly.

Skinny Tan is the first self-tanner that combines a natural tanning active with naturally derived skin smoothing actives to tan, contour and reduce the visible appearance of cellulite. The Group expects to report revenues of approximately AUD $8.3m (£4.2m) representing a significant increase of more than 800% compared to the previous year FY 2015: AUD$1.05m (£0.525m). It expects to announce a maiden net profit as a result of the strong top line growth. The Group has maintained a robust financial position with little external debt and a strong cash position.

Key Operational Developments
InnovaDerma significantly expanded its international distribution and retail network and this has been a key driver to its growth and strong financial performance. As at 30 June 2016, the Company has in excess of 2,500 retail points (FY2015: 250) in seven countries. In the period under review, the Company secured the following key retail contracts:

· 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.
· In Asia, the Company secured a distribution agreement with Olive Young, Korea's largest health and beauty store chain. Skinny Tan is currently sold in Olive Young's 550 stores nationwide and is distributed through PROS Korea, a distributor for InnovaDerma products for North East Asia.
· InnovaDerma secured a distribution with Chemist Warehouse for distribution of Skinny Tan across all of its 320 stores nationwide. Chemist Warehouse with annual revenues of more than AUD$2.7bn (£1.5bn) is one of the leading and fastest growing pharmacy chains in Australia.

In tandem with its growing network of key retailers, the Company is highly focused on its digital direct to consumer strategy which has supported revenue growth and enabled Skinny Tan to grow in popularity. Brand loyalty in multiple markets is building strongly as the Company continues to expand its international footprint.

The Board is pleased with the progress and looks forward to discussing this further at the time of its final results expected to be at the end of October.