RE: FTSE25023 Sep 2025 08:58
You have to laugh at these criminal brokers, just looking at Warpaint following their lack lustre half year results last week.. exactly 12 months to the day....17-Sep-24 Berenberg Bank sets Buy Target 680.00 Reiteration!!! on Warpaint..today's price 225p....after recently collapsing from 12 month high of 585p which is where it was at when Berenberg gave its new 680p target...you couldn't make this stuff up, well obviously they do, along with the likes of JPM, Barclays etc etc etc....JAO Adyor!!!!!!! Bearing in mind Warpaint had a valuation at nearly £600 million 12 months ago on just £100 million turnover and circa £15 million net profit...make you realise how undervalued THG potentially is.
https://www.lse.co.uk/SharePrice.html?shareprice=W7L&share=Warpaint-London
As previously stated by THG in recent RNS's........Specifically, capital expenditure will reduce to c. £20m pa (FY 2024 pre Demerger guidance: £100m to £110m) and cash lease costs will reduce to c. £22m pa. Future cash generation will facilitate a measured reduction in gross and net leverage, with RemainCo targeting continued progression to a neutral net cash / net debt position.
The cash proceeds of £103 million from Claremont disposal will contribute towards reducing net leverage and borrowing costs in line with THG's capital allocation strategy targeting a neutral net cash / net debt position...Net debt of £321.4m (H1 2024: £350.5m), reduces to c.£220m proforma for the Claremont Ingredients disposal. Following the refinancing and THG Ingenuity demerger, gross debt REDUCED by £374m..
Post a demerger, the Group would consist of THG Beauty and THG Nutrition, two globally leading consumer businesses, which are highly profitable, cash generative and capable of paying dividends...."
Won't be too long until we see a dividend by the look of things..?
JAO Adyor 😳!!!
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