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Why The BWX (ASX:BWX) Share Price Went Nuts Today

Jaz Harrison
Jaz Harrison
Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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The BWX Ltd (ASX: BWX) share price went up 15% today in reaction to news that the company released after the market had shut on Friday last week.

BWX is a wholesale distributor and owner of skincare and other wellness products for the beauty sector. It’s best-known for its range of Sukin skincare products, but it also owns Andalou Naturals, Mineral Fusion and Edward Beale. Its products are sold throughout Australia and USA, and the range is available online throughout Asia.

BWX’s Big Bang To Start The Week

The reason why the BWX share price jumped so much today was that it announced refinancing of its debt with improved terms.

BWX has amended and extended its existing debt facility at lower margins. It had been due to expire in June 2020 and has been extended to July 2022.

The company said the new deal will reduce the overall cost of finance and provide enough headroom for funding operations and invest in growth.

However, BWX still faces some problems about turning its potential into consistent revenue growth and profit growth, which is why I’d rather consider the growth shares in the free report below instead.

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