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Warpaint

October 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:
  • 267.5p
These are the first interims to include Retra, the colour cosmetics business it acquired, which sells under the Tecnic brand. Sales were up 39% to £18.4m (+7.3% for “old” Warpaint)  but operating profit was down 8% at £2.8m as Retra is a gifting business and typically loses money in the first half. Importantly, Retra has been fully integrated and the gifting order book of £8.2m is said to be £1m higher year-on-year.  Segmentally the own brand side comprising W7 and Retra grew to £15.4m sales. Of that W7’s growth was muted with sales up from £11m to £11.3m with growth in export markets in the EU +35.3% and USA +3.4% (+15.4% in US$ terms) but the UK, which is the 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.

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