90p possible retrace where 20ma is, before next leg 108p next resistance 155p after.
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.