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Warpaint - Eps forecast of 13.6p lifting to 16.7p

June 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.

  • Epic Code:
  • W7L
  • Price:
  • 210p
The full year results were always going to make strange reading because Warpaint didn’t exist in its present form a year ago when its divisions were in the private ownership of the founders but not consolidated into a group. Whilst private, the joint CEOs were happily punting away in their close-out business, which  buys and sells excess branded stock and sells to discounters. It’s highly profitable but is never going to be a consistent performer so now as a PLC the finance director has put paid to them doing much of it. Then to top it all, Warpaint also bought Retra, a UK-based colour cosmetic business, in December.The results are therefore presented on a  proforma basis with sales up 16% to £31.2m. Pro ...

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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.

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