Updates

InnovaDerma

October 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

InnovaDerma’s full year was in line with recently reduced expectations. Sales were up 21% to £10.7m (£0.3m shortfall attributed to timing and despatch of June sales into July), pretax profit was £0.7m/eps 2.2p and year-end cash was £1.9m. The statement also confirmed that Boots is to range SkinnyTan in 1,250 of its UK stores from February whilst Roots should be in 1,600 stores by the year-end. Finncap forecasts £1.7m pretax profit/eps 7.7p for this year. Chief executive Haris Chaudhry is keen for investors to put their money where his mouth is - whilst selling a further 1m shares himself. Written about at 130p in January ‘17, the shares soared to 410p but I suggested they had run ahead ...

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eServGlobal - HomeSend placing

1PM - Finance group on prospective PE of 7.8

InnovaDerma (June 2018)

InnovaDerma - Soon-to-be prospective PE of 10.6 (March 2018)

Innovaderma - Shares look unduly depressed (December 2017)

Innovaderma (November 2017)

Innovaderma (October 2017)

Innovaderma - Broker calls up shares to 600p (July 2017)

Innovaderma (June 2017)

Innovaderma - All time record quarter (May 2017)

Innovaderma - Beauty of the internet age (March 2017)

Innovaderma (February 2017)

Innovaderma - An enigma (January 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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