Warpaint London Share Price (W7L)

Yes I agree with what you write. I think the SP is still not near fair value based on fundamentals alone (around 670p target fair value); however, the PE of ca.35 is still de minimis and I would anticipate that the SP will fly well beyond 670p over the next few months. THis is all IMHO so DYOR.

So, current Warpaint SP is 630p and a fairly elevated PE ratio of 35, for UK markets.

I have just looked at ELF Beauty: SP $210 (up from about $115 a year ago) and a PE of 95!!!!! It doesn't even pay a divi. It seems a good example of how undervalued UK shares are generally, while US ones are relatively overvalued.

At the end of April I read an article about how high the cyclically-adjusted PE (CAPE) is in the US. It's higher than around 2000 and 2021, which both preceded crashes, and is almost double it's long-term average. If it was to mimic the previous declines it would imply a 40% plus reduction in share prices. However, since then the S&P seems to have resumed it's previous trajectory. Let's hope UK markets keep some optimism, though with the general election, the next few days could be shaky.

To date there have been nil shares traded on OTCQX since W7L made their announcement about being able to trade on the platform. However there are only 214 shares available anyway. https://www.otcmarkets.com/stock/WPNTF/overview

Still finding new highs, i hold

I used 'listing' lightly, wrong word, could have said presence, it's all good anyway. Todays RNS was a bit bland compared to previous knockout ones hence the tiny drop in SP. Hope for some more scintillating RNS's in the near future...