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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!
There is a disconnect between the sector chart and the W7L, chart, because the sector began a downtrend from 14/8/23, whereas, the W7L, chart has been in an uptrend, since that date, nearly five months. The fundamental story, for W7L, is very positive, with probable niche, business edge. The peak/trough sp pattern, seems to have largely disappeared, so suggestion would be to draw a trend line, under the latest uptrend, and stage investment in the equity, as long as the sp, is above trend line. The sector was one of the few sectors to rise today, but I have discounted any significance because if the existing sector downtrend.
Sorry i forgot to mention that the 32 day cycle trough , ought to be about 5/1/24, within a few days .
32 cycle, in equity troughs, implies next trough, to bottom at 347-352. The chart indicators, plural, show negative divergence from the rising sp, so a retracement to comply with the impending 32 day cycle, seems likely. The sector chart, has not positively rose above resistance, to support a bullish scenario. There is no doubt , that the equity is in a secular uptrend, but buyers, probably prefer to buy on a dip, than on a peak .
Good statement out
In case you missed our webinar with Warpaint London PLC (W7L), the recording can be found on our YouTube channel: https://www.youtube.com/watch?v=X2p-RtGgtr4
I'm surprised the share price hasn't rallied today after such an impressive set of results. I guess it must be some cashing in some profits. Added a lttle today close to the lows.
Warpaint posted its Interims for the 6 months ended 30th June 2023 this morning. The Group recorded strong growth in sales during the period across all geographic regions, to achieve a record first half, reflecting the focus on growing sales of the Group's branded products. Group sales were up 46% to £36.7 million, gross profit margin increased to 39.1%, adjusted EBITDA was up to £7.9 million and statutory profit was up to £6.3m. The balance sheet remains strong with cash up to £7.1m and no debt. Valuation is a little unhelpful with forward PE ratio up to 19.2x, but the share price remains in a solid uptrend and has strong positive momentum. BUY. ..
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/W7L/803
A few taking profits after recent rise though
I’m staying in, believe big upside coming
Great co this
Tipped in the Times yesterday.
Excellent equity, history of the chart , shows that when the RSI(relative strength indicator), dips to 50, or slightly below, is an opportunity to buy the equity at a cheaper price. When an equity such as Warpaint, is in a strong uptrend , the RSI, spends most of the time above the 50 rating , apart from occasional dip.
It's been a good week. Closed today at a new all time high. I hope we hold on to this level and look forward to the next update.
Negative divergence on the macd, and RSI(relative strength indicator), which implies that today's rally , should used as an opportunity to sell, as the sp, is unlikely to produce a higher trend high.
ShareSoc is hosting a webinar with Warpaint London PLC (W7L) on 27 September 2023, 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-plc27-sep-2023/
Tipped in the telegraph today. Would be nice if it could go back down a bit so I can buy more.
Looks like people are beginning to see the potential here - up nearly 9% today.
I'm a bit surprised the share price hasn't risen more today as they seem to be growing well and getting their products into more stores such as Superdrug.
Warpaint has all the makings of becoming
a serious growth company of global significance.
Bet you are glad you bought these now!
The sp, has broken above the 20 day moving average and has reached the upper Bollinger band at 287. Unless there is some retracement back towards the breakout of the moving average, the upper Bollinger band can be expected to begin to rise, along with additional sp, rise, to confirm a fast increase.