Warpaint London impressed when it first listed but it’s been downhill ever since
The specialist supplier of colour cosmetics looked a cracking business when it arrived on AIM at the end of 2016. After delivering some impressive results, the gloomy UK retail environment took hold, dragging down the results and the share price - time to buy? Check out our review here of the latest results
Warpaint London (AIM: W7L) is a specialist supplier of colour cosmetics and owner of the W7 and Technic brands. The cosmetics sector has some obvious attractions and the world’s largest cosmetics company has a place in our Ultimate Stocks portfolio, which you can find out more about here (PREMIUM content) Sadly, Warpaint has failed to live up to early expectations and the shares have been terrible performers over the past 12 months, shedding 80% of their value. However, this remains a profitable, cash generative, business and if the experienced management team can get to grips with things, it could present a terrific recovery…