While recent trading has been challenging, we continue to see Warpaint as a disruptive player in the beauty sector with a value proposition that should continue to appeal to a consumer under pressure. It continues to grow with both new and existing blue-chip customers, as its ‘follower-of-fashion’ strategy proves popular with consumers seeking a value alternative. The shares have suffered over the past year, down 65%, but we believe this presents an interesting opportunity for investors to revis ....