In Warpaint’s trading update for FY2018, management expects to report adj. PBT of £8.25m on sales of £48.5m. The adj. PBT is marginally below the £8.5m10.0m range, while the revenue range was £48.0m-52.0m. We have updated our FY2018 forecasts to reflect these numbers but with no further details given at this stage, we have made no changes to our future forecasts ahead of the final results, scheduled for April 2019. Similarly, we have retained our DCFderived 250p
