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One again, a very good business announces very good results. A strong and resilient performance in a market of declining consumer spend, demonstrating resilience and strength. The company has achieved above inflation growth, topping upgraded profit expectations and established immediate profitable partnerships. I have many more thoughts on this business but I keep them to myself for myself. i am not a tea-leaf reader but I don'think you need to be to feel like your going to get a payout this year -- it's obvious-- and thereafter I anticipate a cash distribution equating to a 35% return each year on my original investment and, hopefully, increasing. *Tips his hat to the management*
Excellent trading update.
Cue the share price games.
Comical share price reaction! Pretty relaxed. Value will eventually show. Not many other listed companies in the U.K. with a pretty much clean balance sheet and CARD’s valuation.
Card are one of the most efficient when it comes to wage controls. Minimum wage damages their less busy rivals more which in the longer term benefits card. They know the costs and it will all be budgeted out with a plan.
Another very encouraging and positive update from CARD.
Wage growth is not an uncertainty, and it's not unique to CARD.
Some of the £50m profit will be spent of dividend and some held back as cash reserve IMO but yes debt will be negligible.
Results top end, worry is minimum wage increase 1st April, take wages nearly 10 % higher, no mention of this.
If we had debt of around £50m this time last year and a profit expected in the range of £50m then I think we are pretty much gonna be debt free which would be excellent
There is uncertainty - wage growth come April. No mention.
DYOR
BTW CARD’s updates are so good, so detailed. No room for uncertainty. Other companies should take note!
Ok track for £517m annual revenue? £47-50m profit. Balance sheet will look glorious in the final accounts, with debt falling massively. Strong operational performance across the board. Strong outlook. A p/e of 7.5 is still looking far too cheap for what is now looking like a real quality company, generating massive amounts of cash at great margins. Online recovering well too. Delighted with the update.
PE about 7.
They’re not gonna mention dividends or debt in a TU.
Should clear £50m net.
Nothing to scare, but nothing to excite. Top of profit range is good although we knew that pretty much. On track for medium to longer term goals is good, but again no real surprise.
Decent update but no upgrade to FY profit, no mention of div/debt
Hold about 20, 000 shares. Upside see good management, opereration of scale, debt reduction, possible dividend. Downside possible copycat retailers moving in to take market share on high margin sales. Good luck holders for TU update.
There are plenty of people desperately talking the price down. Perhaps they have motives to support this. There will probably be substantial sells tomorrow even if the trading update us very positive - as many of us expect. Price will gradually rise over the next few months even if sellers knock it back tomorrow. We will see.
The update would have to knock it out of the park with loys of positivity on the outlook for the SP to be up. Anything in line with expectations, no upgrades to FY profit, poor online sales or any negative or uncertain outlook comments like M&S and it will be down...
If you were registered for alerts direct from card factory themselves then you would know for sure its Tomorrow as they have posted an RNS that outweighs any guesses from so called experts.
L.S.E. site C.F Trading update 11/01.2024
This is money weekly diary thursday 18/01.2024
alll other experts 16/01/2024
someone will have got it right.L.O.L.
Is it better to travel or to arrive? Only tomorrow will tell....
DYOR
Wiscos - it's not drivel, its an opinion - my opinion. Just like yours is. Please don't get upset :)
Trading announcement is definitely Tuesday (not Thursday).
My goodness there's some drivel in this chain. If Card produces results anywhere near expectation the price will rise over the next few weeks / months. Not far off re-joining ftse350. This will create buying pressure. Of course there will be profit taking. But if divs may return soon and the company is doing well then the sp has plenty of upside.
Card Factory plc
("cardfactory")
Notice of Trading Statement
cardfactory, the UK's leading specialist retailer of greeting cards, gifts and celebration essentials, will issue an update on trading for the eleven months ended 31 December 2023 on Tuesday 16 January 2024.