This isn't a case of sour grapes by an investor that got their timing wrong, Chrysalis is claiming that the company engaged in “deceit, negligent misstatement and/or misrepresentation” at the time of their initial investment. That's potentially fraud and other criminal activity.
Grezzz - interesting stance. Most of Warpaint's products are made in China, but they do have a QA team on the ground there. They actually work with the same factories that manufacture for some of the biggest names - L'Oreal, M.A.C etc
FY 2023 results are scheduled for release this Wednesday morning, and management are presenting to an AJ Bell/Shares magazine event at 6:30 pm - link: https://www.sharesmagazine.co.uk/events/event/shares-investor-webinar-240424
Berenberg initiated cover on Warpaint this morning with a Buy recommendation and 550p target price. Berenberg is not a broker to Warpaint, so the research is independent. https://www.streetinsider.com/Intl+Ratings/Berenberg+Starts+Warpaint+London+plc+%28W7L%3ALN%29+at+Buy/23081581.html
Where are you based? Don't forget that CARD has more than 1,000 stores nationwide, so will appeal to a very wide demographic. Big difference between spending £1 on a card and £4 - especially if you are a regular card giver.
LSD growth means they lost share in 2023 - not a good luck for a young business. Too many brands, unfocussed, they compete with themselves. Would need a CAGR of 27% over the next seven years to his their £1bn target...I don't see them competing with ELF, Warpaint or mainstream brands, are already losing shelf space at Superdrug.
REVB is a scam:
No comment on current trading or momentum is a worry...
No mention of gross margin or any real profit measure.
Instead of cash now debt in the balance sheet.
Revenue = vanity, profit = sanity.
Heads won't roll...this is management there - arrogant to think that they don't have an obligation to talk to investors. It's comical that in the slide presentation they declare it (a public document) "strictly privileged & confidential".
Not at all. This is what they said: "the Board has received indicative proposals from numerous parties in recent weeks. The Board has concluded that each and every proposal to date has been unacceptable, failing to reflect the fair value of the Group, and confirms that THG is not currently in receipt of any approaches."
So they are free to buy/sell as they wish.