Member Info for She2

Won't move until Teleios Capital has exited - clearly an overhang.

1p more and it's no longer my worst performing stock!!!

Trading on OTCQX is not a 'listing', but a cross trade facility that allows US investors to buy the company's shares in USD during US market hours. Accordingly, for now (general election looming) the share remains outside of IHT.

I heard management at the Melo conference in May state that trading on OTCQX was to facility US ownership given the progress the company is making with US retailers, wanting to leverage the US brands that are mentioned in most of Warpaint's earnings updates.

Cavendish initiated cover on Warpaint and Revolution Beauty today, with buy recommendations and target prices of 600p/50p respectively. Cavendish is NOT a banker/broker/adviser to either company.

Https://www.youtube.com/watch?v=0Nb04NWJocE&t=1521s

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

Worse than that. They would have had 1:1 meetings with the founders and previous management team, and clearly feel that they were misled or worse. Chrysalis' actions are pretty unprecedented...

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

Relist on Nasdaq? LOL.

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.

Did they webcast the CMD - anyone have a link? Don't even have the slides up on the website (or I can't find them).

I'm not going to get excited about EBITDA with this one - I'll want to see actual cash generation.

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.

From an historic low of 7p last Thursday following two profit warnings in less than two weeks...

REVB does not sit in the THG portfolio of brands, which are more upmarket. If they were going to buy, Warpaint (W7L) is a far better run (profitable) company.

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.

Liberum aren't brokers - Barclays, Citi & Jefferies are.