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I imagine that the drop is probably a bit of profit taking only on lacklustre day when most stocks are down. The SP has gone up a fair bit in the last few days on no particular bit of news but as they get very good press justifiably from the likes of Walletinvestor, Stockopedia, simply wall st etc. people buy as it's just plainly a good investment. I haven't seen any bad reports on any aspect of W7L as it would seem to have none. Google W7L share price forecast and read what is said, that's what I go by...GLA
Stargate - the sector comparison you are using, is it the Personal Goods sector listed on this website, or another market sector summary?
If it's this website's list then the only other company on there that is remotely comparable is Revolution Beauty, the others are all high brand clothing and luxury watch providers that have also been heavily hit by the China slow down, profit warnings and high interest rates, so not really comparable in my view. I'm open to hear suggestions for better alternative comparisons.
The average true range value, yesterday, was 6.377. A sensible stop loss, bearing in mind today's , hopefully temporary drop, would be ATR 6.377 x 2= 12.74+10(spread)= 22.74. The trick is to avoid losing a position, due to the normal daily price fluctuation. The next level of sp, support, is between 400-403, only if 415, does not hold. I must stress that W7L. is speculative, while the sector, is below its 1/3/24 , time pivot low.
The W7L, sp, has fell this morning, back below the weekly outside high of 420, to 415. Meanwhile the underlying sector, was down today, and still bearishly below its 1/3/24, time pivot low value of 18244.
The W7L, current sp, of 415, is significant because, it exactly represents the recent pivot low of 15/3/24, and the pivot high of 15/1/24. Price pivots can signal direction when they are broken, or also support and resistance, if not broken. If the sp today can respect the 415 level and rally back above the weekly outside bar high of 420, for a close, then a two day close, above the 420, would retain the bullish scenario. Otherwise a sensible stop somewhere below 415, which incorporates the spread of 10 plus the ATR(average true range), or a multiple thereof, which can be found under the lse, charts menu. DYOR.
Bullish breakout of 9 week sideways congestion, which commenced with the bearish outside price bar of 15/1/24. The sp, has broken above the high of the bearish outside bar week, and made a new high closing price.
The volatility based Bollinger bands, are separating, confirming that equity volatility, is increasing.
The underlying sector, is not doing as well, failing to break above its 1/3/24, value. However the W7L, charT is strong on all time frames, 5 year through to 3 month, that it seems exceptional. DYOR.
Topped up on Warpaint shares last Friday at 398p. Jan's FY TU was well ahead of expectations but in the last 2 years there has also been an additional positive TU in late March/early April before results are published.
ShareSoc is hosting a webinar with Warpaint London(W7L)on 30/4/24, which may be of interest to current shareholders or potential investors.
Sam Bazini(CEO) will be presenting. You can register here:
https://www.sharesoc.org/events/sharesoc-webinar-with-warpaint-london-plc-w7l30-april-2024/
I have just sample checked a few more results dates to Morningstar - it's a disaster. Better to always refer to RNS or the company's own website calendar if they have one.
It looks like their database needs a specific date entered, they can't just put in a month. Where an RNS just states say "April" they appear to default to that being the last business day but they don't annotate it as that to warn you. I found one company website calendar with "early May" and Morningstar have decided to enter that as 3rd May, possible based on the results date last year. They also do some times in the absence of any other announcement - it's just a guess but they don't tell you that. A few more examples were just plain wrong on their database, not updated for most recent company announcements.
I thought Alliance News were bad but Morningstar only had 2/10 dates in my sample accurate!
Thanks, I see that on Morningside now. I think they are just guessing based on "April" in the RNS as they won't have any more information than the rest of us. Common problem with third party news services, the Alliance News 7 day ahead reports are frequently wrong as well and I think they have now blocked my email address from contacting them :/
Hollywood Bowl doing okay for me, I posted a few things there and they got catapulted into the FTSE 250 this week. Drifting at the moment possibly waiting for trackers to load up I think, HY update maybe due in April after busy Easter period. Could always dip in the short-term though so not advice to dive in until you DYOR.
Corry - Morningstar data via interactive investor gives the date. Yes an update would be good.
Any other stocks that are doing well for you? (My best is ATT)
Amica1 - where are you seeing 30th April for Finals? I have just "in April" in my calendar from the last update RNS.
Might see a Q1 update before then (per previous years) which normally includes notice of the date for the finals.
Spending on big ticket items down, and instant gratification (Greggs sausage rolls!) and make up is strong, I imagine it's the same the world over at present, we need an affordable treat to counter the gloom and doom. I think the Finals on 30th April will be even better than the last set of results (which were stunning) and the SP will re-rate yet again so I'm buying the small dips in SP. The people buying W7L products are mainly quite young and very 'body conscious' thanks to social media and societal change - anything goes it seems to me! All absolutely in W7L's favour - they are in the right time with the right products around the world and expanding fast imho. GLA
BRC report for February:
https://brc.org.uk/insight/content/retail-sales/retail-sales-monitor/reports/202402_uk_rsm/
“Health and beauty categories continued to drive sales both on the high street and online,..."
Also from separate reporting:
"One frequently buoyant category continued to be so however, with pharmacy/health & beauty up 6.5% by value and 2.4% by volume. With value growth outstripping volumes, those figures show this is one area where retailers are managing to push up prices and still get consumers to buy."
https://uk.fashionnetwork.com/news/More-evidence-of-weak-retail-as-barclays-and-brc-say-fashion-has-tough-month,1611055.html#chanel
From today's BRC report (https://brc.org.uk/news/corporate-affairs/sales-uptick-but-challenges-remain-for-retailers/):
"Categories, such as computing, and cosmetic & toiletries performed well".
Bought here when some were suggesting all the SP growth was done. So far I've made nearly 30% in just over 3 months. One of the best companies I've seen on AIM. Growing, very profitable, debt-free, dividend-paying.
The BRC report for January was out on Tuesday and again highlighted the sector after a standout December as well:
“Easing inflation and weak consumer demand led retail sales growth to slow...It was better news for health and beauty products, which continued to sell extremely well."
Full report:
https://brc.org.uk/insight/content/retail-sales/retail-sales-monitor/reports/202401_uk_rsm/
Haven't looked for news yet as to why, the SP's been flat for a couple of weeks, guess it's been tipped again
I guess some profit taking yesterday, I bought a few more and pleased that it's up by over 2.5% today - back to normal :-)
Fundamentals definitely look strong. I held back because I initially saw this as a "fad" stock. I foresee a lot of very strong buying in the months to come.
All the news is so good and with the new markets the brand will attract more shoppers globally enhancing the ability for more products and increased awareness of shoppers and investors imho
Finally bought into Warpaint today. It looks too cheap for such a fast growing, debt free company. Have a bought the top? On a FY24 and FY25 p/e of 20 and 18, i don’t think so!
700 new stores sorry....
Significant growth looks nailed on here. Over 1000 new stores!
From the 10/11/2023 Update:
'The Group's expansion strategy continues, with further scheduled launches in 2023 and 2024 with new major retailers and the expansion of the range of products stocked with certain existing customers. Launches in November 2023 include a range of W7 products in 400 Etos stores in the Netherlands and 100 Watsons stores in the Philippines, together with a range of Technic products being launched in over 200 Wibra stores in the Netherlands. Further expansion is also scheduled with existing retailers, including W7 being stocked in an additional 372 CVS stores in the US and 102 Boots stores in the UK during Q1 2024.'
And there it is already, excellent news.
Many blokes buying cosmetics too. Now, let me tell you about my New Romantic phase in the early 80s...hey, come back! :p)
Noted this from the BRC report yesterday morning:
"In gifting, beauty products were the standout performer..."
"Christmas shoppers ditched clothing, jewellery and technology gifts, opting for beauty, health and personal care products, which, along with food and drink drove festive sales this year."
For balance, they also note sales growth overall was sluggish but hopefully the above points are well reflected in the trading update later this month.
https://brc.org.uk/insight/content/retail-sales/retail-sales-monitor/reports/202312_uk_rsm/
I read some reviews of the products recently and the consensus is good products at great prices, you don't get much better than that so I bought on the slight dip today (a bad market day - US inflation up) women will always buy cosmetics, (same as most blokes buy deodorant) doesn't matter if times are hard, you go downmarket a bit to save money and sometimes find out that the cheaper product is better and cheaper. I'm not a chartist but when it's consistently going north from inception and the product is popular its a no-brainer (horrible phrase).
It's my second best share after Allianz Tech Trust, the magnificent 7 and W7L - my lucky number too!