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Warpaint

February 2023

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.

  • Epic Code:
  • W7L
  • Price:
  • 171.5p
Shares in the colour cosmetics business have rocketed since my October 2019 write up at 62.5p and are up by a useful 38% from the even more recent main write up last October.As I said in October, the company’s strategy is to make W7 and Technic into global brands and it has been rolling out everyday cosmetics and gifting sets across both store-based and online partners and across the UK, the USA and Europe. Q4 went with a bang and full year sales will now be £64m, so £3m more than I was expecting last October. Full year forecasts for the year ended December have now been upgraded four times: having started the year at £6.8m pretax profit (eps 7.2p), the upgrade this month takes the forecast to £10m (eps 10.5p). A month into FY23, b ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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