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Share Name Share Symbol Market Type Share ISIN Share Description
Innovaderma Plc LSE:IDP London Ordinary Share GB00BT9PTW34 ORD EUR0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 40.00 39.00 41.00 40.00 40.00 40.00 69,762 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services 10.1 1.1 5.5 7.9 7

Innovaderma Share Discussion Threads

Showing 23551 to 23574 of 23850 messages
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DateSubjectAuthorDiscuss
06/8/2020
07:29
You're right I got the date of Kierans initial appointment wrong as a non-executive it was early 2017. Doesnt change the fact that Joe got involved in 2014. What has he shown since then, other than claiming a high salary and taking the majority of the share options?Kieran was at the very least willing to relocate to the UK as that's where 90% of the business is. Joe only comes here at results time I believe and probably business class as well.Joe has an accounting background and one of the main controversies is how the customer lists are accounted for on the balance sheet.Everyone is entitled to their own opinions, obviously, but I would have been a lot happier if Joe had left and kieran stayed.I'm just hoping the new CEO is UK based and is allowed to make tough decisions, but I expect all the main decisions will be made by Joe and the Aussie guys on the board.
boonboon
06/8/2020
07:08
Very funny deanowls ! Plus some guys need to get facts right KC was a director from early 2017 when he also ran HC's food business and CEO for the last 2 years. So he has had plenty of time to make tough decisions. Plus his skin in the game is significantly less that JB. That is a little disppointing. In fact I think JB has stronger commercial credentials in the businesses he has run along with good finance background. Last time I knew, a CEO is responsible for results. Maybe there is a connection to this years results and the decision. We will never know ! Just as you will not know what the EC does behind the scenes. The deadwood call is maybe what the board did. Always hard but what is easy in business at the moment. Waiting to see how badly peers will perform when they report.
spoonfed1
06/8/2020
07:01
No, but I do know that having 3/4's of the board in Australia when less than 5% of the sales are there makes little sense. Why have a fco in Australia? If you're looking for a new one make it a UK based one. I really hope the new CEO is UK based. We've struggled to make decent profits and our pricing seems to be all over the place. Joe has a financial background.It's been clear that Joe has in reality been running the company, just look at his salary as opposed to Kierans and the allocation of the options. I expect there was a conflict between Kieran and Joe and Joe got at least one of the non-execs on his side. As the chairman he would have the casting vote.
boonboon
06/8/2020
05:03
Lol do you guys work there and see what each of them bring to the company on a daily basis?
deanowls
05/8/2020
23:49
Very disappointed that Kieran has gone. I'd been happier if Joe had left instead as, apart from buying a few extra shares, he doesn't seem to have added anything to the company's continued success [with success in comparison to peers during Covid19]. Deadwood should've been cut out first.
stimulationengineer
05/8/2020
17:49
It wouldn't surprise me at all if Mark Ward (holding almost 11%) was soon on the Board. Maybe not as CEO, as his background is in IT systems. But his knowledge of digital & data management would be highly relevant. As I've said previously, my main concern is that he might be looking to take the company private longer term. That's rarely done at a decent price for PIs.
lord loads of lolly
05/8/2020
17:30
Joe basically set up the company with Haris. He joined in 2014. Kieran came in as a director in 2018 so was only with Haris for around a year.My gut feeling is that Kieran being UK based and with a commercial background would be better than Joe who has a financial background yet we can't seem to get a handle on our margins and profitability.I sense there was some sort of boardroom conflict and Kieran was forced out. It's essential we get a UK based CEO who is not going to pander to Joe and the rest of the board. Someone with a strong background that is allowed to make tough decisions.
boonboon
05/8/2020
16:47
I am sensing the board is looking to the future. KC appear to be a nice guy but JB is the safe set of hands and the smarts behind the scenes. HC left because he sold out, simple. KC was appointed by HC but that is not the point. You have to respect the board's forward vision as the year passed won't be pretty but they did hold revenue. They have their eye on the next couple of years to come and want a new CEO to deliver. I'll hold 'em.
spoonfed1
05/8/2020
12:15
personally think it's a shame KC has gone. Appeared to be a 'safe pair of hands' and by being UK based it enabled him to control things locally where c90% of revenue is generated. Since KC joined i noticed admin/salaries reduced slightly last year, no doubt as he could do some of the work that HC was paying others to do on his behalf due to 12 hour time difference. As for KC being a HC puppet - well both Kieran and Joe forced HC out when he wanted to step away last year, so that statement has no foundation IMHO. Hopefully we can get an UK based director ASAP. Preferably someone with shampoo experience to get Roots firing again.
shandypants2
05/8/2020
09:35
Hc puppet is gone. Surely a good thing.
gregpeck7
05/8/2020
09:33
Bayer as the calming influence, recall that Callan came in via previous Owner/Chair association
chop50
05/8/2020
09:29
So Kieran Callan is going/ has gone. No real details other than to say by mutual consent. That seems a shame as it feels like he has been a steadying influence since the days of HC. Will Mark Ward want a say in replacement.
muzmanoz
31/7/2020
12:26
You'd have to hope he's been talking to the board and got the confidence to buy more on the back of that.
boonboon
31/7/2020
10:38
Mark seems keen hopefully we see him on the board of directors soon he is well versed in the building up of company's and selling them.
wskill
29/7/2020
15:17
A bit perkier today which is nice to see. Hopefully everyone staying home for the summer and tanning up!
connor23
27/7/2020
20:21
I think Roots depends on the relaunch. If they get that right it could still do well. Agreed about Charles and Lee, but it's relatively low cost to us as should be able to bolt on to existing infrastructure so should be profitable even at lowish volumes.
boonboon
27/7/2020
16:31
Boon - great summary and agree with all your comments. Still a 1 brand, 1 country company really and need to diversify more. Hopefully nuthing will do this, as not sure about Roots IMHO. C+L doesn't seem any different to other mens brands and this market has got quite competitive over the last few years. Maybe Prolong will be the surprise package. Also agree with International expansion - US retail deal for ST would be nice plus nuthing being rolled out in various countries as company alluded to in previous RNSs. Considering covid happened at exactly the worst time for IDP performance in 2020 has been very good and it is reassuring that there were no staff cuts etc required and bank loans or placings to sure up the balance sheet. However, unfortunately this is an unloved sector so can't see much short term share price action. Do think we will see £2m PBT in next 2 years and a share price nearer £1.50 IMHO.
shandypants2
25/7/2020
16:45
NEW Dove tanning mouse launched today ! Watch your share price dive, as a great product comes on the market !
solarsurfer
18/7/2020
13:01
It's a bit of a strange situation with coronavirus, but the same goes for most companies.For IDP the lockdown couldn't have come at a worse time, as April, May and June are the peak tanning months and that coincided with lockdown. Thankfully they already had a strong DTC channel and were able to use that to mitigate the downturn.From memory before COVID-19 the company was expecting turnover of around £15 million and profits of around £2million before the outbreak. And they had invested a lot in stock and product development to help get there.To be fair they were doing an excellent job at the beginning of the year. With a 32% rise in turnover in the first half and the first 7 weeks of the second half were 17% ahead of the prior year.Since then there has obviously been a downturn. In total we did £8.1 million in the second half compared to £9million last year.Marketing costs just to achieve that lower turnover are likely to have gone up as Facebook significantly increased their charges. On top of that we invested heavily into stock and product development when we were still aiming for £15million.So costs will have gone up quite significantly and profits will be hit.On the other hand we need to applaud what the company has achieved both before and after lockdown as well.- They more than doubled the shelf space for SkinnyTan in Boots- They launched the Choc range in Superdrug opening up the brand to a younger demographic.- They launched SkinnyTan in over 700 Tesco stores- They launched a new brand Nuthing and got it listed in 800 superdrug stores.- They increased UK DTC customer numbers by 27% in the UK and by 65% in the USA.Those are some impressive achievements mostly made mute for this year due to the lockdown, but hopefully we'll start to see bigger contributions from the additional store numbers as shops have reopened.The future is also looking bright Charles and Lee's UK website says it is launching soon as does the Nuthing website in Australia. Roots their haircare brand which started well as stagnated somewhat. However they've apparently done a complete makeover of the brand and have previously said they will relaunch in the autumn. Hopefully that timescale is still realistic.Those are just the things we know about as well. They have one strong brand (SkinnyTan) and three up and coming brands (Nuthing, Roots and Charles and Lee). Apart from Charles and Lee, which is predominantly in Australia, the vast majority of the other brands are solely in the UK at the moment. Having said that SkinnyTan is picking up on DTC in the UK so hopefully we can get one or two retailers on board for next year's tanning season.Apart from the USA I don't see much other short term geographical expansion for SkinnyTan. However with the other brands I can see international interest in all of them. So fingers crossed we can get some deals and become less reliant on just the one brand (SkinnyTan) and just the one geography (UK).Having said all the positive things. Let's focus on some Negatives. Currently they've only got one successful brand. Roots was launched 3 years ago with the aim of taking some of the pressure of SkinnyTan. It started well and then has stagnated. They've recognised the problem and are trying to address it. They launched Nuthing at probably the worst time they could have. Right when lockdown was starting. Charles and Lee has been relatively successful in Australia, but they've been slow to replicate that elsewhere. So it remains to be seen if they have the capability to create successful new brands and generate healthy returns from them.I have to say I like the look of Nuthing and have high hopes that it will become successful and it's a shame the planned launch didn't happen the way the company wanted it to. Hopefully the new Roots is equally impressive.They also need to get a handle on costs. They've had to spend quite a lot to achieve the £8million turnover in the second half and that has undoubtedly impacted significantly on profits. However if they hadn't invested we might have been in an even worse situation. At least now we've got significantly more direct customers who we can market to. It's important to diversify the revenues away from Facebook as they could potentially change algorithms and increase costs which have a big impact. They recently hinted on their last video interview that we might launch on Amazon. I know Amazon itself can be an expensive platform, but it potentially opens up a big market especially in the USA where we currently only sell via DTC. In the USA Amazon has 112 million prime subscribers that's a significant potential target market.All in all it's been a mixed year. I'm going to give them the benefit of the doubt as the COVID-19 was exceptional and I don't think anyone could have predicted it. Especially it falling in our peak period. However, for me they have to show, in the current financial year a strong return to growth, both in terms of turnover, but especially in terms of profit.Please do your own research and for info I've been a holder here for over 3 years.
boonboon
18/7/2020
11:09
Cash position helps, would assume that it is a working capital flow rather than cash generated. Skinny Tan doing v well, reinforces my opinion that this means other brands not performing and IDP dependent on Skinny. Sales held/holding up well. Expecting another loss. Marketing costs/facebook dependence is interesting, not heard about this before cost inflation before. Technicals, fallen below 200day, 50day turned negative, some record of support at 60p, some resistance at 80p. Briefly broke 90p (11month high) was/is a positive. RSI entering oversold but awful slope since mid may (first post march peak). Volume has been low. Not much of a pattern, wild guess of seesaw down if 60p does not hold. If it does then we have a much clearer upward support line. No position
pixelrobox
17/7/2020
21:36
Not enjoying this slide down. Really hope some decent support is there at 60p which it can bounce off.
57eady eddie
13/7/2020
12:51
New proactive interview hTTps://www.youtube.com/watch?v=JuuKH6RWkcE
homebrewruss
13/7/2020
09:55
Mr Ward seems very keen to build a stake he looks like the sort of fellow we need on the board of directors a useful addition to IDP management ,if the end game is to increase the size of the company to make it attractive to a cosmetics major.
wskill
10/7/2020
15:26
If you're right, my worry would be that he might try to take it private. He's probably got the capital, following Netcompany's takeover of Hunter Macdonald (which he founded). Such manoeuvres rarely benefit PIs.
lord loads of lolly
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