Impeccable results and another special dividend
News covered here includes immaculate results from an elderly small cap manufacturer, whose results were mercifully free of accounting adjustments and other waffle – others please take note – there was also a nice extra dividend to reward loyal shareholders. Elsewhere a provider identity verification and fraud prevention software issued predictably bad results while there was yet another upgrade for fast-growing cosmetics group. (Free to read)
We get tired of seeing mention of the fairy tale EBITDA, or worse adjusted EBITDA, from the vast majority of listed companies, so it's a welcome relief to come across a business which reports free of questionable adjustments. That's the case below, from one of the more elderly companies on the stock market, which demonstrates to others how reporting should be done. Warpaint: ahead again and another upgrade Warpaint London (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, reported that sales for the five months to 31 May 2023 were 45% ahead of the same period last…