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Warpaint - Forecast busting outlook

May 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.

Statements don’t often get as punchy as Warpaint’s latest FY22 one, with sales +28% to £64.1m. Pretax profit was reported at £10.3m (+46%), for eps of 11.2p (+44%). Warpaint ended FY22 with net cash of £5.9m and the final dividend is hiked 29% to 4.5p, taking the year’s payment to 7.1p. In terms of branded sales, Warpaint increased turnover by 35% to £35m and the Retra brands (Technic, Body Collection and Man’s Stuff) increased by 23% to £22.7m. As I had said in the October issue of SCSW, Europe seemed to be making all the running at the time but the US was set to light up in a major way. This is shown with the split now as follows: the UK (40% of sales, +14%), Spain (13% of sales, +46%), Denmark (21% of sales, +90%). Meanwhile t ...

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

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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.

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