Morning All!
Not much to report today but on the other hand - I quite like both of them...
Warpaint London ( £W7L ) – 209.85p – £161.1m – PER 16.8
Trading Update For The 12 Months To End December 2017 – In-line, Retra (recent acquisition) performing well – “we look forward to the future with confidence”.
Still like this and it’s still on my Watchlist at 200p.
Filta Group ( Filta Group (LON:FLTA) ) – 173.52p – £47.1m – PER 24.1
Trading Update For The 12 Months To End December 2017 – Revenue in excess of £13.25m (up over 30% on the prior year (FY 16: £10.1m)). Slightly reduced gross margin owing to a change in revenue mix so profit just in-line with market expectations. Organic growth strong.
Like this enough to add it to the Watchlist, 150p.
A good day to all!
