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Lol
I like your posts also simes20 but just to be clear, PassRenti didn’t actually say he liked your posts he said you were good value. {smiley face}.
Just like Card Factories Cards!
Passrenti, I have a feeling you will be forced to buy back in at a higher price? I know the ftse100 has took a hit which I think is all down to Ukraine and Russia and higher inflation. When you consider a card costs around £1 I can’t see this business suffering much. I mean how many times do people say “it was my birthday and so and so didn’t get me card”. It’s expected thru recessions and times of hard ship that people still buy friends cards as a pound isn’t breaking the bank but a new car is :-)
PassRenti Glad you enjoy my posts. With the big fat profit warning it is obvious I am psychic.
PassRenti,
I'd welcome your calculations as to how you arrive at 20 to 30p? Especially given covid restrictions are being eased, stores open and lockdowns looking less and less likely. As I've posted before the average gains over the last 5 years between now and Q2 have been 25% and that includes a lockdown year. I have a feeling the above average volume this week, and should it continue next week, will allow shorts to be closed below 64p which will then leave us free to rise. There are no negative pressures going forward to justify holding a short position only positive news and catalysts for improvement in earnings.
Regards
Caino
PassRenti (and everybody else) before you hit the sell button (if it is not too late) check out what has happened to WRKS this morning.
This IMO is what is going to happen here to CARD ‘and some’ if you are patient.
DYOR of course it is just my opinion but I really do believe that CARD will be £1+ this year.
None of us here truly know what’s going on behind the scenes here but I'm guessing envelope money changes hands for sure.
Maybe I’m just getting bitter and twisted in my old age but I have seen it so many times.
It can be used to your advantage though if you are careful.
Compare WRKS RNS today to CARDS last week and the difference is stark.
Glass half full compared to half empty comes to mind.
Here’s the good news though, just watch how upbeat CARDS next RNS will be now the Chairman has got skin in the game.
It will start along the lines of “High 5 everybody..” ha ha
Interesting how WRKS just posted a positive sounding but really not better update and mentioned reviewing dividends - nothing more than reviewing. Share price up 10% despite still making a loss! Makes me question the Card release yet more, but confident that patience will be rewarded.
Good morning PassRenti I’m not trying to sway you I’m really not because just like everyone here I’m completely in the dark but you have just hit the nail on the head.
Apart from the mention of the £30m it was a really good (in fact remarkable under the circumstances) set of results.
Im guessing that the largest part of that £30m will be for the much needed IT upgrade which was budgeted for when they increased their loan from £200m to £225m back in May 2021?
Good luck though PassRenti in whatever you decide.
PassRenti it’s not for me to give you any financial advice because apart from the fact we are complete strangers we as PI’s are completely in the dark to what on earth is going on within the Company BUT the CARDS chairman isn’t and he has just purchased over £100,000 worth of these shares!
Personally I didn’t need his purchase to keep me invested but surely that must mean something?
If you’re tempted to sell/trim remember the words Buffett used in his year-end report quoted from Lynch’s One Up On Wall Street.
"Selling your winners and holding your losers is like cutting the flowers and watering the weeds."
Patience that is that is needed here IMO.
Pity board members don't pay the price they were on the day they took up their position. What a cheek - decimate the share price and load up.
Scratch that! Retail seems to be liking the expected lifting or restrictions more than the negatives...
On a day when retail was more likely to be hit by the inflation figures than anything else, this is good news.
200k @ 56p+
Not loose change either. Well done.
Well Everyone,
Mr Moody buying shares today is a good sign. I was expecting something like this following last week's update.
Good luck all :)