Updates

Warpaint

July 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.

Shares in Warpaint shot ahead after its recent blistering sales trend continued in Q2. Sales for the first five months to 31 May ‘23 were 45% ahead at £29.7m with margins ahead also (implying >36%). Accordingly, FY23 is running “significantly ahead of expectations.” Shore Cap has raised this year's forecast by 19% to 14.4p, with outer years climbing 16%/13% to 16.3p/18.5p. Of course, a lot of the recent wins have been distorted by all the newly onboarded retailers stocking up and we need to get a better idea of sell through rates but even so, net cash has risen to £7.5m so there should be further largesse for shareholders in the form of climbing dividends. Buy / Strong hold. ...

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Creo

Warpaint (October 2024)

Warpaint - Barnstorming 500bps improvement in operating margin (May 2024)

Warpaint (February 2024)

Warpaint (December 2023)

Warpaint - Forecast busting outlook (May 2023)

Warpaint (April 2023)

Warpaint (February 2023)

Warpaint - Forecasts upgraded as international growth comes through (October 2022)

Warpaint (October 2019)

Warpaint (October 2018)

Warpaint (September 2018)

Warpaint (July 2018)

Warpaint - Eps forecast of 13.6p lifting to 16.7p (June 2018)

Warpaint - £21m cosmetic acquisition (December 2017)

Warpaint (October 2017)

Warpaint - US sales going gangbusters (August 2017)

Warpaint (July 2017)

Warpaint (June 2017)

Warpaint -Notes from meeting with Finance Director (April 2017)

Warpaint - Going global following IPO (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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