Warpaint London Share Discussion Threads

[someuwin] 05/12/2024 09:07

Odd response from Shore...

Warpaint London +(W7L, House Stock at 524p) Recommended offer for Brand Architekts Group plc

We note this morning's announcement of a recommended offer for Brand Architekts Group plc by Warpaint London plc. As Financial Adviser, Nomad and Broker to Warpaint, Shore Capital is withdrawing research and forecasts with immediate effect.

[kemche] 05/12/2024 09:04

W7 pay circa £13m and get cash balance of £7m - so in effect they have paid sod all. Which is a very good price. Get rid of replicated costs and they have effectively paid sod all of sod all. Which is an even better price!

[baner] 05/12/2024 08:55

It is a very good deal for WP - Brand generate 7m of gross profit and WP will need much much less costs to make this happen going forward. I guess they pay 3 times adjusted EBIT which is not expensive. Yet attractive for Brand shareholders no doubt. It is called a “win/win”; i guess.

[kiwihope] 05/12/2024 08:51

At first thought £14M for £17M sales and nearly £1M loss was too much. But they have £7M net cash so overall probably ok. Though wonder why they need to raise £15M. Prepared to give management benefit of any doubt...

[kiwihope] 05/12/2024 08:46

I would expect to be able to buy cheaper sometime over next 12 months so I won't bother.

[johndoe23] 05/12/2024 08:37

Won't apply for many as won't get much, would have thought

[metis20] 05/12/2024 08:31

moved up to 4 participating now

[johnrxx99] 05/12/2024 08:29

Too much hassle for them.

[metis20] 05/12/2024 08:27

to see which brokers are participating - only two so far

[ltinvest] 05/12/2024 08:18

Yeah just read that it should he open already. But on bookbuild it says contact your broker and they all say awaiting confirmation. Latest time for commitments is 16:30 on the 6th with results on the 9th and admission on the 10th

[johndoe23] 05/12/2024 08:15

Bet HL not doing

[metis20] 05/12/2024 08:12

The Retail Offer will be open to eligible investors in the United Kingdom at 7.10 a.m. on 5 December 2024. The Retail Offer is expected to close at 4.30 p.m. on 6 December 2024. Investors should note that Intermediaries may have earlier closing times. The Retail Offer may close early if it is oversubscribed.

[ltinvest] 05/12/2024 08:11

Anyone know when the retail offer will be avaliable? Been considering topping up this week. But might as well wait now to see if I can get some cheaper shares.

[johndoe23] 05/12/2024 07:55

Will close early no doubt be oversubscribed

[slogsweep] 05/12/2024 07:55

Retail offer schedule seems impossibly tight only 4 days and two of those Weekend.

[johndoe23] 05/12/2024 07:49

Yes interesting acquisition, decent update too. Will try for some at 510, if HL do it

[bigbigdave] 05/12/2024 07:11

Trading in the US has been particularly strong in the second half, benefitting from an initial order from Walmart for both W7 and Chit Chat products. The Company now expects to report US revenue growth of around 20% for the year (in US dollar terms) at a significantly higher margin to that achieved in 2023, following the reduced focus on deep discounters. Constructive talks are ongoing with Walmart regarding the supply of all year round and gifting ranges for 2025.

The Group's gross margin for 2024 as a whole is expected to be comfortably above the level achieved last year (2023: 39.9%).

[villarich] 05/12/2024 07:10

Interesting acquisition...

[villarich] 04/12/2024 17:01

Closed my short I opened at 560 for 516 today, which was the lowest price of the day.I'll let you know if I've gone long if the price goes up tomorrow.See smelly - I'm learning. As the great Baloo once said...Yoo hoo hoo, wanna be like you hoo hoo.

[pyglet] 04/12/2024 14:30

Back to 555

[villarich] 04/12/2024 13:06

That's why I'm here, to learn from you. I've learned anyone can be a successful trader if you only ever declare your trades after the price moves. You've still not closed those shorts you opened at 390 and 418.

[drsmessguide] 04/12/2024 10:11

My guess for what it is worth (little) is the war paint are delaying the TU to see how sales are in Walmart as they were only rolling these out in the latter part of this yearHopefully a game changing announcement around the year end/early January

[qsmeily456] 04/12/2024 09:38

Spend time learning English and trading 🤣

Villarich

4 Dec '24 - 08:26 - 3236 of 3240
0 0 0
Not a dog at you John.

[villarich] 04/12/2024 08:52

I'm a long term holder from the late £1's but also trade this. Bought and sold 10k shares recently between 5.10 and 5.40 so at the moment it's in an obvious trading range.