Another confession from a one-time growth darling yesterday that left shareholders considerably poorer on the day. Shares in BWX plunged more than 30% at one stage when the company sprang a surprise earnings downgrade for 2018-19 and re-organisation on the market.
No wonder shares in skin and hair care group BWX leapt more than 40% at one stage yesterday after receiving a stunning $800 million-plus buyout offer from two senior executives and US private equity group, Bain.
For some time, BWX Limited (BWX) has been capturing an increasing band of loyal followers for its natural body, hair and skin care products. With recent forays into the US and UK, we think this small Victorian company has a really bright future.