InnovaDerma – some results disappointment, but turnaround value?

Beauty, personal care and life sciences products company InnovaDerma (IDP) has made a trading statement including “despite the continued impact of COVID-19 restrictions, and the unseasonably poor weather in the UK over April and May, revenues for the year have performed broadly in line with expectations… we have made strong progress in rebuilding our gross margin”. So why then have the shares responded to 35p, more than 10% lower?...

InnovaDerma – discounted fundraising, hopefully prior warnings here were heeded...

Earlier this month I concluded on UK developer of beauty, personal care and life sciences products InnovaDerma (IDP) with the shares above 50p attempted significantly discounted fundraising ahoy? Certainly currently bargepole ahoy / sell, and then with the shares around 50p that a loan agreement just kicked a liquidity crunch down the road and didn’t bode well for the terms of any material fundraising. Today “Proposed Placing and Proposed Open Offer”...

InnovaDerma – “Loan Agreement”, currently just kicking liquidity crunch down the road?

A start of this week trading statement from UK developer of beauty, personal care and life sciences products InnovaDerma (IDP) noted some “encouraging growth” and that it “will be exploring options to strengthen the balance sheet to ensure it is in a strong position to benefit from the substantial growth opportunities anticipated once restrictions begin to ease”. Today a “Loan Agreement”...

InnovaDerma – argues key international markets “encouraging growth”, so why are the shares slumping?...

Previously writing on UK developer of beauty, personal care and life sciences products InnovaDerma (IDP), I concluded whilst the shares are still materially lower than the around 60p of my previous update, currently remaining cautious on the financials here, I continue to avoid. The shares headed towards 85p in the summer and last closed at 65p, but are currently heading towards 50p on the back of a trading statement. So what’s happening now?...

InnovaDerma (#IDP) – notes materially impacted, “continues to assess opportunities to strengthen the overall business with a clear focus on generating better returns on investment”

InnovaDerma – shares up on “COVID-19 Update”… so some good news?...

A “COVID-19 Update” from “UK developer of beauty, personal care and life sciences products” InnovaDerma (IDP) – and the shares currently more than 20% higher, towards 46p. What’s the good news?...

InnovaDerma – reasons for “excellent progress” share price fall clearer?...

Earlier this week I reviewed on InnovaDerma (IDP) argues “excellent progress”… so why a further 8%+ share price fall?. That was to 72.5p. Yesterday afternoon saw “Directorate Change” and shareholdings announcements – and the shares are currently around 60p…

InnovaDerma – argues “excellent progress”… so why a further 8%+ share price fall?

InnovaDerma (IDP) has updated including “strong performances across our topical brands and Prolong… Skinny Tan will benefit from a full-year's contribution from its ranging in 1,300 Boots' stores and continued innovation during this financial year. Boots has also increased shelving for Roots… For the first four months of the new financial year, revenues were 38% higher compared with the same period last year”. Having started 2019 rising above 90p, the shares are though currently a further more than 8% lower on the day at 72.5p. Hmmm…

InnovaDerma (#IDP) – “traded strongly… in line with expectations”, “believe will further accelerate growth during the new FY”

InnovaDerma – argues remains confident of full-year “substantial growth”… but reports first-half decline!

Previously writing, in November, as shares in InnovaDerma (IDP) fell towards 100p, I concluded that there looked good reason for scepticism – with the company still needing to show delivery to suggest current year revenue and also, of course, bottom-line forecasts are achievable. Now a “Trading Statement” – and the shares down approaching 16%, below 80p, in response…

InnovaDerma – “distribution channels will increase significantly this financial year”, so why a current 15% share price fall?

“UK developer of life sciences, beauty and personal care products”, InnovaDerma (IDP) has made an AGM update including “our distribution channels will increase significantly this financial year as our UK retail store network grows from c.800 (FY2017) to c.2,400”. So why a current 15% share price fall, towards 100p?...

InnovaDerma – “Appointment of CEO and Roots to be ranged in Tesco” enough to justify share price jump?

I first warned on shares in InnovaDerma (IDP) in January as they fell towards 230p. Less than two months later it was a profit warning, though the shares are currently bouncing more than 25% higher today, towards 140p – a market cap of circa £20 million, on the back of an “Appointment of CEO and Roots to be ranged in Tesco” announcement…

InnovaDerma – follows March profit warning & Executive Chairman share sales last month with… another profit warning!

Life sciences, beauty and personal care products company InnovaDerma (IDP) has updated on trading for its year ending 30th June – commencing “revenue for the period increased strongly by 23.5% on a constant currency basis to approximately £11m (FY2017: £8.9m). However,”, Uh oh…

InnovaDerma (#IDP) – FY PBT “will be approximately £0.65m, lower than previously expected”

Hard to see value in InnovaDerma at the current share price

Whenever a company doubles in share price in a short space of time it tends to get my attention, and I look for reasons that justify such a sudden increase.

InnovaDerma – from “confident in meeting market expectations” to “expect… below our earlier expectations” in less than a month!

Writing on InnovaDerma (IDP) in January with the shares towards 230p, I concluded at least ahead of further comfort of the second half weighting expected actually being delivered, I avoid. Now a 10:13 “Trading Statement”. Uh oh…

InnovaDerma – “confident in meeting market expectations for the current financial year”, so why an approaching 13% share price fall?

InnovaDerma (IDP) “is pleased to provide a trading update for the six months ended 31 December 2017” - and it includes “the board remains confident in meeting market expectations for the current financial year and has much greater revenue visibility for the second half than in prior years”. So why an approaching 13% share price fall on the back of it, towards 230p?...

InnovaDerma (#IDP) – strongly H2 weighted “as in prior years”, reckons now much greater visibility for H2 than prior years

InnovaDerma (#IDP) – “remains confident in achieving its full year expectations”, notes “positive market”

InnovaDerma (#IDP) – proposed placing to raise £4.4m at 276p