Consistent with most consumer businesses, Warpaint anticipates a significant fall in sales this year and has withdrawn guidance. However, it has taken action on costs using all available internal and external support mechanisms and the board believes it has the financial strength to withstand disruption until “at least the end of 2020” without needing any additional debt financing; on 08 April it had £3.3m cash and c£0.5m debt. As we noted 3 weeks ago, Warpaint looks capable of breaking-even in ....
09 Apr 2020
Financially resilient and well-placed to bounce back after COVID19
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Financially resilient and well-placed to bounce back after COVID19
Warpaint London PLC (W7L:LON) | 448 78.3 4.1% | Mkt Cap: 345.7m
- Published:
09 Apr 2020 -
Author:
Matthew McEachran -
Pages:
4
Consistent with most consumer businesses, Warpaint anticipates a significant fall in sales this year and has withdrawn guidance. However, it has taken action on costs using all available internal and external support mechanisms and the board believes it has the financial strength to withstand disruption until “at least the end of 2020” without needing any additional debt financing; on 08 April it had £3.3m cash and c£0.5m debt. As we noted 3 weeks ago, Warpaint looks capable of breaking-even in ....