108p next resistance
Bear in mind:
Cash and net debt
The Group carried a cash balance of GBP0.7m at the end of the reported
period as against an opening balance as at the 1 July 2018 of GBP1.9m.
Funds have been deployed in the continued building of the customer
list and on-line marketing spend. The Company also acquired a further
1% of the Skinny Tan subsidiary from the founder during the period.
The Company expects a profitable and cash generative second half
with discussions already underway with a major financial institution
to provide global banking services and financing should funds be
required to support incremental growth opportunities.