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 Shares Traded Last Trade
  -0.50 -1.56% 31.50 73,004 09:26:41
Bid Price Offer Price High Price Low Price Open Price
31.00 32.00 32.00 31.50 32.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services 10.12 1.11 5.51 6.3 9
Last Trade Time Trade Type Trade Size Trade Price Currency
13:24:59 O 20,000 31.95 GBX

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Date Time Title Posts
26/7/202115:06Innovaderma - Global Brands and Huge Markets23,281
27/4/202110:06Time to Look at InnovaDerma (IDP)4
11/8/201813:02Things to note3
11/8/201813:02Some interesting posts1

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Innovaderma Daily Update: Innovaderma Plc is listed in the Health Care Equipment & Services sector of the London Stock Exchange with ticker IDP. The last closing price for Innovaderma was 32p.
Innovaderma Plc has a 4 week average price of 31.50p and a 12 week average price of 31.50p.
The 1 year high share price is 70.50p while the 1 year low share price is currently 31.50p.
There are currently 27,374,673 shares in issue and the average daily traded volume is 19,608 shares. The market capitalisation of Innovaderma Plc is £8,623,022.
lord loads of lolly: I guess Mark Ward reckons he already has enough skin in the game for the time being! Regardless, I view his shareholding as a reassuring conviction. Providing he doesn't try taking IDP private via a cheeky low ball offer.
lord loads of lolly: We can argue for ever about the cash position and what caused its depletion. But I'd rather focus on the future. The new management team really hasn't been in place that long, so I think it's only fair to judge them by their results in a year's time. They've said: 1) They can deliver more value than Creightons' offer. 2) They won't need more cash to return to profitability next year. 3) They have a strong pipeline of new products. 4) Current gross margin improvement thanks to stronger cash controls will continue into next year. Those are pretty unambiguous objectives and the market will judge them accordingly. So far, the share price has held up pretty well to yesterday's kitchen sinking. Given their track record & relevant experience, I personally have confidence in Blake & Mark to turn this one round & took up the cash call accordingly. Mark, in particular, is clearly very confident in IDP's future, given his large shareholding. And in light of what he achieved with Hunter Macdonald, it would be a brave person who bet against him.
lord loads of lolly: Fact remains, new management has stated current cash position should be more than adequate to return IDP to profitability by next year. H2 loss hasn't increased on a LFL basis. If you read the RNS again, you'll see it's only the revised treatment of marketing costs which has led to the loss going from £0.9M to £1.5M. Sure, they were in a bad way before the cash call. And some of that probably was used up purely to keep the lights on. But that was down to previous management, not the current team. For now - given Mark Ward's track record in particular - I'm confident the new Directors will deliver. They've made a fairly bold promise - returning IDP to profitability by the year ending June 22. If they achieve this, things will start looking rosier again. If they don't, Creightons are sure to be back.
solarsurfer: I think the price falling, dictates that the market doesn't like the report, and at the end of the day that's all that matters to the share price !
lord loads of lolly: They've done what most sensible new managements do. Restated the accounts prudently (/over-cautiously?), to give themselves the best possible chance of "turning things round" within the next year or two. I think they deserve some credit for this. Unlike the previous management, whose antics - it could be argued - bordered on the fraudulent, this new team is finally getting to grips. How the previous auditors failed to detect a delay in writing down out-of-date stock, for example, is beyond me & appears negligent. There are some glimmers of hope now though. Margins up significantly. Period end net cash of £2.2M, with a further £0.95M available on an undrawn loan. The Directors believe this will be more than enough to return IDP to profitability, implying no further cash calls (assuming they can be believed of course). I, for one, will keep the faith for now and give the new team the benefit of the doubt. If they fail to deliver, Creightons will be back.
pugugly: Kitchen sinked! The BIG question - Will cash left be enough to support the necessary marketing spend to generate the required level of sales - Jury (imo) still out. Signal given again (imo) to competitors to attack and destroy key brands.
lord loads of lolly: Yup. 58p at today's CRL price. But Creighton's Feb 2021 offer was presumably rejected on the basis it undervalued IDP's longer term prospects. And 3 or 4 months doesn't equal long term. That doesn't necessarily mean IDP management was right to reject it. Just that it's too early to tell.
lord loads of lolly: brumm1875 - Yes, things certainly look promising, though we've been here before with IDP. Of your 5 points, I'd say D & E offer the most potential. Having turned down Creightons' offer out-of-hand, there's a lot now riding on management. And if they get it wrong, Creightons could well be back with an even cheekier low-ball offer. Only this time, management would be hard-pressed to dismiss it. Meaning shareholders would NOT be happy. But Mark Ward's background & experience look highly relevant. He has a track record of turning something small into something highly valuable, then flipping it. And he now owns by far the largest stake in IDP. I've also considerable respect for Octopus. And they recently upped their skin in the game very substantially here.
lord loads of lolly: muzmanoz - Think I read £4m of the £4.5m open offer (i.e the total available to NON-PIs) was oversubscribed. In which case administration ain't on the cards (not yet at least). It's an interesting one. I plan to wait until the very last moment (22 April) to see how the share price moves before deciding whether to take up. I'm inclined to double up because 1) Having rejected Creightons' offer out of hand, management must either be incredibly confident they can do better themselves - or hopelessly arrogant. 2) Late last year, NED Mark Ward bought another £270K worth of shares at 70p each. OK, so his timing wasn't great. But he's certainly no slouch. He's also a multi-millionaire from the takeover of his former empire (Hunter Macdonald) and is a real IT whizz which bodes well for IDP. As of Feb 21, he held 12.5% or just shy of 17.4 million IDP shares. And I believe following the open offer, his total holding will be just north of 13%. I've been saying for a while my biggest fear is if he takes IDP private before it's fully recovered (assuming it ever does), then enjoys most of the upside at the expense of long-suffering small investors. I believe that's still a big risk, as the company seems quite dependent on him to bankroll things short-term. But hopefully the open offer will change that. My other main concern is that with peak tanning season running from now to end June, and lockdown only gradually being eased, full year results may disappoint. But as others have said, with fewer people flying off to sunnier climes this summer, there may be increased demand for self tanning products given the vagaries of our British summer.
teddy boy1: When the IDP share price spikes as it has done in the last 2 or 3 days you can be sure that this will shortly be followed by a fall Our happy band of IDP traders have great big smiles on their faces, licking their lips in anticipation. Just see if a right,yet again!
Innovaderma share price data is direct from the London Stock Exchange
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