Warpaint London Share Discussion Threads

[bigbigdave] 24/4/2024 17:41

Broker upgrades to come, just sit back and wait, one of the best ltbh around

[techtrader5] 24/4/2024 17:33

Yeah keep on entertaining us QS 😝
Joking aside it’s a shame that it didn’t end above £5 but it’s only a matter of time imo although it could get quite volatile which will test the short term traders.

[davr0s] 24/4/2024 17:26

They closed it on the bid price - what a clownI am wondering if you are a paid deramper as you can't possibly stay solvent trading this way.Anyway, We have here one of the best trending stocks in the market with superb fundamentals at the moment so this is a hold/add all day long

[big7ime] 24/4/2024 17:25

There is no ramping on this thread, and only one idiot which is both refreshing and entertaining

[qsmeily456] 24/4/2024 16:57

Nice EOD drop more tomorrow rampers 🫨🤣🩳🩳

[davr0s] 24/4/2024 16:40

TBH a strong up day like we have had on top of the recent rise is bullish for me post results. What a fantastic day

[techtrader5] 24/4/2024 16:16

A close above £5 will be bullish

[shstt1] 24/4/2024 15:59

74tom I always use after tax profit as I believe most analysts do but glad to get others views, yours isn’t much different
This site should update their figs soon so will be interesting to see what they make it.
If the last qtr had maintained the same growth rate then I think we’d have reached £6 by now but I’m not complaining

[someuwin] 24/4/2024 15:21

You can see why W7L products are so popular...

[qsmeily456] 24/4/2024 14:10

And down it comes now the 🩳🩳 are in place.....cheers rampers.

Worth £4.25 tops 🫨👍😉

[metis20] 24/4/2024 12:53

eps FY 2023 c18.2p from today's RNS
current share price c500p
so P/E 500/18.2 = c27.5 but strong start to 2024 so current P/E less than 27.5

[74tom] 24/4/2024 12:51

P/E of 35 eh, have you just made that up? The EPS figure in today's results was 18.1p, so on a LTM basis they are on a P/E of 27x. The updated broker forecast today has FY24 EPS at 22.2p, however that is based on 17% top line sales growth vs the 28% achieved in Q1, so they will likely beat 22.2p. 500/22.2 = 22.5.

22.5 / 28% = 0.8 PEG, so it's still cheap on that metric

[shstt1] 24/4/2024 12:34

P/e about right now at approx 35, peg around 1.25 based on last qtr’s growth so I think it’ll consolidate around this level for a few mths

[traderglt] 24/4/2024 11:58

Added 1903 at 498

[bigbigdave] 24/4/2024 11:46

I'm thinking more Asos 2002 - 2013.

[11_percent] 24/4/2024 11:42

Yup.....paying 500 to get them.

[davr0s] 24/4/2024 11:42

That's about as good a set of results as I can recall seeing for many years. It's come along way but the platform remains for a lot of growth still to come, if they can continue to execute.Also my biggest position too by some distance now.Has the potential to become another Fevertree - time will tell. But nice to be onboard

[74tom] 24/4/2024 11:34

2 other things worth calling out;

"Margins in Q1 were robust and better than those achieved in the full year 2023"

That admin expenses in H223 were only £100k higher than H222, meaning that 99% of the £7.9m improvement in gross profit fell through the the bottom line

Pretty stunning in combination.

If that trend continues as the business scales into Walmart & other US chains then the sky is the limit - as the Elf Beauty story in the US evidences...

[eeza] 24/4/2024 11:30

About to breach 500p.

[villarich] 24/4/2024 10:40

"Nice profit thanks ??. ?? closed, bought ?10k in chunks for the bounce north.Those that were buying at 430 415.....now thats hilarious.Stupid is as stupid does ???"This was Smelly 2 weeks ago. Since then he's shorted at 418p, 422p, 463p and now 488p. Ask price now 500p.I guess Smelly was right - Stupid is as stupid does...

[74tom] 24/4/2024 10:23

Walmart was the unexpected wildcard that's made things even more bullish here;

"Significant Christmas order received from Walmart in the US, for W7 and Chit Chat product and in discussions to stock the Group's all year round product"

There are 4615 Walmart stores in the US, let's make an assumption that W7L ends up being stocked in 60% of them in the next 2 years and that average daily store sales are only $25, giving daily Walmart sales of $69,225. That would equate to $25.2m sales per annum... vs FY23 US revenue of £7.3m.

Now I've no idea whether 60% Walmart penetration within 2 years is feasible, or whether $25 sales per store per day is sensible, but if they've already placed a significant Christmas order then I'd say they must think demand will be there.