Updates

Warpaint

October 2024

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.

Warpaint’s H1 results were in line with the highest expectations, with sales up 25% to £45.8m (equally distributed across the W7 and Technic brands), along with a widening of gross margins, which caused pretax profit to jump 75% to £11m, delivering an eps of 10.6p. The growth is far from over, as CEO Samuel Bazini explains: “Warpaint is now present at just 45,000 doors of existing customers, but these customers still have 29,000 doors it could enter. Existing customers are also allocating more space to us, noting the example of Boots, where sales are said to be four times higher since the start of 2024, as the number of stores increased from 80 to 180. Many of these stores expanded displays from 2ft (40 SKUs) to 3ft (80 SKUs).” This boos ...

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Facilities by ADF

On the Beach - £95m cash pile

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

Warpaint (February 2024)

Warpaint (December 2023)

Warpaint (July 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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