We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Anyone know date for full year results?
I don't see anything misworded or ambiguous a bit that RNS, it just wasn't as rosey as the market hoped for. It was an honest statement of where they are. No misrepresentation. There shouldn't be alarm bells off the back of this. I'll watch with interest to see where this share is just before full year results are released.
Here is their inexperience in dealing with the market. A poorly worded RNS can do far more damage than good on AIM. Anything that sounds or looks ambiguous will be slaughtered with miss trust. When a newly listed companies Mcap drops like this one has it always rings alarm bells.
Of course it's not good news at the moment/today. But the way the market reacted is as if they'd made big losses or even revenue or profits had fallen, which they haven't. They have cash and make profits, they are paying a dividend, they will be able to execute their plans to outperform going into Xmas. Or they won't.. However, it looks a solid business to me. When did 18-30 year olds ever stop buying make up? Then you ask, "are they on trend" if you follow their social media campaigns on Twitter etc, you'd know they are. I remain optimistic for full year results and will keep faith.
Agree with some of your points. They will certainly need to over deliver in the second half of the year, for the sp to return to anywhere near previous highs. It's not the same as hard results, but the forward looking comments were encouraging. China expansion, US growth etc. The company also has a strong balance sheet to support these plans.
SP is down today because results are disappointing v expectations. This is a £100m company on a forward P/E of 23 times. 4% sales growth is well below expectations and they will need to deliver H2 YoY sales growth of 32% to hit £32m in sales. The comment about sales being more weighted to the second half supports this to an extent but investors need to see results rather than promises and 'significantly ahead' can have many meanings...
That is your opinion but the markets reaction to those figures seems to be completely different. Sea of red is not good news.
Tiny free float is the reason. It doesn't take much to move the share price. Overreaction to RNS though imo. Looking forward to key Christmas period, and looking at the growth of US market and plans for China, things are looking good. Also no debt and cash in bank has doubled compared to last year. Orders for Xmas 2017 are SIGNIFICANTLY ahead of last year. Happy to hold. People should use this drop as buying op. I will be.
Has to come from the CEO on why the drop in share price today. Very concerning volatility here.
Wow IPO price was that low? I did not know that. I was thinking the floor would be around the £1.5 mark where I think it started trading. Little uptick now hopefully we've seen the worst of it and it doesn't get to that point
IPO was 97p wasn't it? That's why oa looking at 100
I think the IPO price will offer support but I'm thinking about the long term and where SP will be in 5 years so if it falls back to there I'll be buying more
Anyway, your clearly right they don't give two shots about pis, hence why this will fall to 100. :(
Possibly, I think they should care considerably about there companies valuation and since they have a load of the shares, and that it's a new issue. I'd care greatly about it.
Why would do that? This is AIM, they don't care about the minority PIs
You have just highlighted what I said originally. There is zero liquidity to this share, the brothers need to release some of there mountain of shares to loosen it up.
It's still up over 30% since April. The fact that this company has a negligible free float means tiny volumes will have a large impact on the share price. Given that there is unlikely to be any news for several months this could fall further http://warpaintlondonplc.com/investors/major-shareholders
Almost 33% retrace, more than a mere fluctuation imo
They're probably too busy out selling cosmetics to worry about short term SP fluctuations
*is zero liquidity*
There isn't zero liquidity, the spread is horrible, the brothers need to release some of their shares to take the chains off this share
I am amazed how this has retraced from the 3s, buying opportunity soon. This company can only get better.GL
Pis or iis selling thinking we've seen the highest highs.? . Did you see those last results...?! Cash generative, profit making, growing business "on trend". The price point of the goods will make it resilient to any retail sector downward pressure. As I said before young women will not be without affordable make up. Look at the target market. Nothing to worry about here.
Stockdale Brokers remains positive and keeps 300p target price.
Negative reaction to the AGM trading statement today seems somewhat overdone with results in line with expectations although perhaps some being spooked by the lack of European sales growth. Little article in Shares Magazine today agrees: https://www.sharesmagazine.co.uk/news/shares/has-the-market-overreacted-to-warpaints-lack-of-growth-in-europe