Innovaderma Share Discussion Threads

[cockerhoop] 15/4/2021 14:49

.........just saying

[cockerhoop] 15/4/2021 14:38

The CRL offer you all dismissed out of hand would now be worth circa 60p ;-)

[wskill] 15/4/2021 14:16

Still dithering the new management with a proven success record could be what IDP requires to turn it round and return to growth.

[muzmanoz] 15/4/2021 14:06

I've taken up the open offer. My reasoning was if they don't get the raise away the company likely goes into administration and your current shareholding is worth nothing. Or if they do get the raise away and you don't partake you get diluted. But everyone needs to make up their own mind.

[pugugly] 15/4/2021 14:06

Decision time - That is if an unfortunate holder - Bite the bullet and get out now - remember the first loss is often the smallest - or gamble -

NB - I do not hold and as anyone can check previous posts all bearish.

[ali47fish] 15/4/2021 13:56

shandy does thar mean no to take up the offer?

[shandypants2] 15/4/2021 09:23

Muzman- based on cash at 31/12 and at 28/2 as detailed in the Prospectus they've burned through another £300k (as £500k loan has been added).

So things aren't just tight cash wise they are broke and H2 trading in first 2 months of 2021 don't look great

[muzmanoz] 13/4/2021 18:47

So things were very tight cash wise. Dilution is 89% if an existing shareholder doesn't take part in the open offer.

Dilution:
If a Qualifying Shareholder who is not a Conditional Placee does not take up any of their Open Offer
Entitlements, such Qualifying Shareholder’s holding, as a percentage of the Enlarged Issued Share
Capital, will be diluted by 89 per cent. (assuming full take up under the Open Offer) as a result of the
Capital Raising.
If a Qualifying Shareholder who is not a Conditional Placee takes up their Open Offer Entitlements in
full (assuming he or she or it does not participate in the Excess Application Facility, such Qualifying
Shareholder’s holding, as a percentage of Enlarged Issued Share Capital, will be diluted by 30 per
cent. (assuming full take up under the Open Offer) as a result of the Capital Raising.

[muzmanoz] 13/4/2021 17:24

Flicking through the prospectus


"On 28 February 2021, the Group had £364,385 of cash and without the Conditional Placing the Group
would be unable to meet its financial obligations after 13 July 2021, (with a cash shortfall estimated at
approximately £0.1 million before repayment of the Loan), which is the date when the principal amount of
the Loan, in addition to any accrued interest, is payable in full. The Group has forecast that it will require
£2.5 million to fulfil the working capital requirements of the Group for at least the next 12 months from the
date of publication of this document"

[boonkoh] 12/4/2021 09:19

Don't forget to let your broker know and submit your intention if you're interested in taking up the 1 for 12 open offer at 35p

[prof_pwhite] 09/4/2021 00:11

£1 by June.

[muzmanoz] 01/4/2021 09:42

Just watched the results presentation. Interesting viewing and all sounds promising. Let's see if they can put their plans into action.

[ishwar] 31/3/2021 14:57

Was expecting a better price reactionPresume Mark will be increasing his position in the coming days

[boonkoh] 31/3/2021 14:37

The key for me is they need to build up very good best in class social media marketing capabilities. They've mentioned that they struggle for a while now, and today's update still shows they're on the path, not at the end yet.Good digital marketing capabilities will drive more online DTC sales as well as pivotal to grow brand awareness and consideration of their two new products, Nuthing and Charles.It's really not that much investment. A heavyweight digital market director, and two or three staff, total opex costs of £250k/year potentially. Then the media investment on top of that, ideally paying back 5:1 ROI and self funded from new sales generated.

[cockerhoop] 31/3/2021 08:40

Quite interesting - the ratio of payables to receivables highlights how much distress they were(are) in prior to obtaining the placing cash.

Now deciding to write off the intangibles shoved onto the balance sheet to opaquely boost previous profitability perhaps signals an intent to clean up its act.

[kemche] 31/3/2021 08:17

A different tone to the RNS by the new crew.

[boonkoh] 31/3/2021 08:15

Squeeky bum time coming.Skinny tan key season is Apr to Jun. Good thing lockdown is easing, cases trending lower, in key UK market.I strongly believe that with less international travel available, fake tan products will be more in demand as you can't get the real thing.Skinny Tan sales grew strongly (50%?) in Australia in the half year, during their spring+summer period. Good sign for upcoming UK season.New brands, Nuthing and Charles, will drive increased sales too for next half. Nuthing is interesting, as those that went to waxing salons probably want to do it themselves at home now, to avoid covid risk. Again, sales should lift as social restrictions lift and spring + summer gets here.

[bennya] 25/3/2021 10:03

Think this is a good entry point, im in. Business will start picking up with shops opening back up soon + summer on the way

[boonkoh] 04/3/2021 19:56

Thanks!Confirms my suspicion that this is unloved by some investors, which is great because it means I got it cheap rather than overpaying for a story stock.Meanwhile if you bother to look, you'll see new management and a new strategy, and know that it is not the Innovaderma of before.

[backtogo] 04/3/2021 14:18

This company will always be a dog. Somebody put it down.

[teddy boy1] 02/3/2021 10:42

I am getting bored with this site so I have decided to make this my last post.

To be fair I have found it quite entertaining over the last few years .I am one of life,s "winder uppers" and a lot of the people on here have been very easy meat.(Kemche springs to mind!)

Anyhow "au revoir" and really hope that IDP will yet turn out well for all those brave hangers on. You really deserve it for your perserverence ,if nothing else. xxx

[stimulationengineer] 02/3/2021 09:59

Class isn't about money Teddy, it's an attitude.

[shandypants2] 02/3/2021 09:46

Teddy the IDP stalker - like a bad smell that lingers in the background and never goes completely away.
Yes IDP has been a disaster but do you need to keep popping up with your irrelevant comments.
In answer to your question as the placing is at 35p it is likely the share will fall to near that price - so c37p is my estimate.
Let's see how the new BOD go on from here.

[teddy boy1] 26/2/2021 19:38

My family and many generations before were "gentlemen farmers " who always considered themselves to be lower middle class landowners! What is your pedigree Muzmanoz?

[muzmanoz] 26/2/2021 10:31

Will still be higher than your level of class whatever happens Teddy.