Innovaderma Share Discussion Threads

[mad foetus] 10/7/2020 07:56

Will open badly down, but worth stepping back. Summer holidays this year are going to be much curtailed, pubs are opening back up, we could see higher demand for skinny tan than usual over the summer and Nuthing has barely got going.

[glennborthwick] 10/7/2020 07:51

Sadly I think this will drop badly today but a buying opp in my opinion

[connor23] 10/7/2020 07:42

Pretty solid statement given the circumstances imo. Not too many companies will be increasing revenues, turning a profit and remain debt free during these turbulent times.Cash is tight now so IDP need to be a bit careful. Will be interesting to see if the tanning season is extended this year due to lockdown/quarantines etc and if we can benefit from that.

[adamb1978] 10/7/2020 07:37

Bit of everything in the trading statement....turnover up, resilience, but increased costs depressing profit, sound balance sheet etc. Factors all read as temporary factors, and the massive director buying over the last 6 months would suggest they think the same too

[muzmanoz] 10/7/2020 07:17

Another badly worded RNS with little information that contrasts heavily with the one in May. Surely they knew about costs and margin in May.A tiny, if any, profit this year and only £1.3m in cash going into the second half of the year which has always been loss making.

[shandypants2] 09/7/2020 16:57

don't forget we had the trading update in late May this year which stated "the Board expects the Group's revenue for FY2020 to be no less than the prior year (£12.9m.). As in the prior year, the second half is expected to be both profitable and cash generative."

We did not have a similar update last year so the company was obliged to issue a year end trading update - early July last year, late June in previous 2 years.

So technically if nothing has significantly changed then no further update is required. No news is not bad news.

However, IMHO maybe company will issue an update in next few trading days and perhaps the delay is to enable other announcements to be added e.g. additional nuthing agreements or even a US retail deal for ST. Who knows.

[lord loads of lolly] 09/7/2020 16:46

A lot of companies are delaying TUs & results slightly. So personally I wouldn't read anything into it. Audits are bound to drag on when conducted remotely.

[muzmanoz] 09/7/2020 16:07

I'm cynical but if the results were positive they would have got them out by now. Given the history of results announcements with this company I expect some bombshell to happen the same day.

[57eady eddie] 08/7/2020 18:05

Its got to be sometime this week based on previous years. I've not heard of a delay but its been a crazy year

[vwjs123] 08/7/2020 13:59

Anyone know what date the update will be?

[57eady eddie] 04/7/2020 21:37

Good point. I missed this. Notice it was 2nd July last year - which was a really positive update but HC sold into it causing the share price to fall. Really frustrating, but we can have confidence this these sort of tricks aren't going to happen again.
Why do you say it seems to be selling well in Tesco? Is is what you've been seeing in your local store?

[doc robinson] 04/7/2020 20:36

Skinny tan seems to be selling well in Tesco should get update shortly for half year.

[lord loads of lolly] 02/7/2020 11:02

Some interesting info here about Mark Ward:

Looks like he came into money when his company (Hunter Macdonald Ltd) joined forces with Netcompany, which led to an IPO. He left a year later "to focus on investing in fast growing, customer centric organisations."

[doc robinson] 02/7/2020 07:38

Seems to be keen to build a stake?

[coldspring] 01/7/2020 10:12

Mark Ward over the million now......tick tock 7.68%

[shandypants2] 24/6/2020 11:19

Final push before year end at skinnytan.co.uk

Loads of deals this week - 4 for forty quid and a £10 offer each day. Also loads of bundles inc 2 for 1 on new Coconut water tanner.

Use SHIPFREE at checkout to save on P&P

Fill your boots , or your wife's/girlfriends/mates/daughters etc

[bobbyaxlerod] 23/6/2020 15:43

Have zero shares been traded today? Looks odd...

[doc robinson] 21/6/2020 18:23

Skinny tan well positioned in local Tesco superstore. Just hope it takes off in USA..May get a end of year trading statement in early July if things are going better than expected.
Seems very cheap at just over 10 mil capitalisation ?

[bobbyaxlerod] 18/6/2020 14:54

Do we know who is selling down?

[markiemark321] 18/6/2020 12:58

Looks like we have a buyer in the background still. I wonder if Mark Ward is accommodating the large sells of the last couple of days.

[lord loads of lolly] 17/6/2020 17:32

Agreed, a different sector requires a different marketing approach. But revenues of almost £300K in the first full year's trading suggests they're onto something. And if Life Sciences achieves 5% total sales in 2020, that could well be 10% total profit, which ain't to be sneeezed at! Prolong's gross margin is way higher than IDP's other divisions, whilst its marketing costs appear modest. Not trying to contradict you, as you may well be right. Management might not view Life Sciences as core and there's only so much they can focus on. But for me, it's an exciting commercial proposition that could significantly boost profitability, de-risking the over all business. As you say, ST, Roots, Nuthing etc. rely quite heavily on social media and a fashion-driven audience. Longer term, that's potentially a much more fickle market than Prolong's, which is more "needs-driven".

[boonboon] 17/6/2020 15:40

Another thing to consider is that it's a completely different sell and route to market. Social media and word of mouth won't really work. So maybe they currently don't have the skill set to make a proper go at life sciences.