Member Info for She2

Bladerunner - sure, but so has profit and dividends...

@Glowacki the £1bn target was for retail sales, not company revenue!

Difficult for me to be objective as I've not done as much work and I don't hold MOON but do hold CARD. Analysts love it because it's the Internet...and they wait for the flywheel to start spinning. However, what keeps me away is that their pricing makes them expensive for the mass market, and their attachment of margin-enhancing gifts and experiences is yet to materialise consistently.

Poor H1 results in December sparked another sell off into a weak market, but the analysts I read were still enthusiastic (“solid results” “significant margin beat”“returned to active customer growth” “new revenue streams are starting to have an impact”)…however, the shares have fallen a further 5% since 12 December, so actual investors are not listening to the analysts. Similar to CARD, they are waiting for some sustained positive momentum and no more disappointments.

CARD is a great business emerging from a few years of poor management. It will not attract serious new investors until it has a proven track record...by which time the shares are likely to have recovered somewhat and will thus be 'too expensive' for mainstream institutional investors. The company will need to continue deploying cash for dividends to keep pension and retail investors happy and for share buybacks to show they are serious about managing a lagging share price. It will take time, but market inefficiencies do work themselves out...providing that the business continues growing and delivering against expectations AND market communication AND analyst management is top notch.

A trading update was given on 5 December - not sure why the company would want to issue one a month later...unless trading had materially changed since the last update, which was 'inline with market expectations'.

I hold my shares in my SIPP at ii - could vote via the app, but NOT select which share option I wanted. However, when logging in via laptop, I could both vote and select the share option. Maybe other platforms are similar?

Paying 48p for 43p of tangible assets, including £7m cash (at 30 June).

There is no need to issue an update to shares in issue if no new shares have been issued since the last update. It is not a monthly requirement.

Don’t forget that any additional NI costs are deductible against corporation tax at 25%.

The tariffs on many beauty items entering the US from China are already 25% from the last Trump presidency... (https://www.theguardian.com/business/2019/may/10/a-cast-of-thousands-products-from-china-facing-25-us-tariff)

Trading update isn't 'overdue' as they don't issue one at the same time every year...varies between mid-November and early January. I guess it depends on where they are trading relative to consensus (and they've had two analysts initiate this year above the house broker), and any customer news flow, which they typically include.

Good to see that Sam Bazini and Eoin Macleod, the co-founders of the company recognised as Entrepreneur of the year at the AIM awards last night. The company was also nominated for Growth Company of the year and Company of the Year.

The target unveiled at their investor day in February was £1billion of retail sales, not revenue. That would equate to roughly £400-500m of revenue. Was a bit of a Minto move.

SImply Wall Street article is nonsense.

There were two cash changes highlighted by management in their H1 earnings call. Firstly 30 June was a Sunday, so a sizeable customer paid an invoice due on 30 June on 1 July because of the weekend, therefore the invoice remained part of trade receivables.

Secondly, due to a change in the collection process of HMRC, Warpaint paid tax for H2 2023 in H1 2024 as usual AND had to pay tax for H1 2024 on account. The company noted that it had paid £3.1m more YoY in taxes as a result.

Stripping these out, the accrual ratio is in line with historic levels.

PP - a capital markets day, aka analyst day, aka investor event is just an opportunity for management to present more deeply than the usual six months trading update. Sometimes they are designed to raise capital, but mostly they are to provide the CAPITAL MARKETS with a deeper view of the business following a change in strategy, change of leadership, or M&A.

@Carcosa61 When a share trades on OTC, it settles in London and counts toward London volume. The only trades that are reported on the OTC website are p2p trades in the US.

Except it's not the same. Economic data came out of the US on Friday that showed that the US market is weaker than people thought. What you're now seeing is contagion. Nothing criminal about being a hedge fund, nor in shorting stocks that are overvalued. Grow up and stop whining.

@PP1 do you really think that people need instant credit to buy £5 make-up products?

Warpaint has been in the US for a number of years - Walmart is just the latest retailer to stock their products. They are already in Bealls, CVS, five below, H.E.B, Macy's, Sally Beauty, TJ Maxx/Burlington. Given that the revenue per store in the US is significantly below that of the UK or Europe, there is significant room for growth.

Fundamentally, the two companies have very different business models: REVB has gone all out for top line growth, whereas W7L has focused on profitable growth, hence its 20% net profit margin.

I'm a holder of both.

Trading volumes don't suggest it was sold into the market - Teleios held +34m shares, but fewer than 6m have traded since 18/7. I'm not sure I agree with jedclampit - doesn't have to be a buyer to keep the SP at these levels, but the absence of an active seller wanting to get out at 100p sure put a ceiling on the shares.