The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I Sincerely hope card Factory survive this next downturn, remember something, loads of other card shops closed during the last recession, and there was no pandemic or fear about shopping on the high street, the rates relief should help though, card Factory needs a huge turnover to pay staff and rents , that huge turnover may not be there now, if that’s actually the case then it won’t take its management long to see a a serious outflow of it’s cash flow, Then again there could be a mad dash for people to stock up with all the cards they will need for the year,?+ card Factory may benefit from other card shops closing down during the recession. On the balance of probabilities profits will be hit in a big way, that still may give 30p a s a fair share Price or not ? I don’t know,
these shops may only clear 15/20k profit a year, so there maybe some closures in some badly hit town centres, shops are closing everywhere, and that takes footfall off the high street and shopping centres.
I hope I’m spectacularly wrong in my assessment here. Even though the internet is fantastic, it’s taking to much money and footfall out of ordinary shops. And that’s the biggest. ? Problem?
GLA
I took a punt also last week, funnily was weighing up between this and Marstons! Did also buy into mars when it hit 60p anyhow. I'm hesitant to post my thoughts because it can affect the decisions of others; many on sites like this seemingly have no shame.
Anyway, here's my not so technical opinion. Long term - I don't see all of these card shops being around with the high street what it is. Could be wrong - there's no shortage of people about! Many consumers can buy cards in supermarkets/online with more ease - Card Factory knows this and would be acting accordingly.
Short term - With good news the sp could bounce. Lots of other opportunities out there to help one cut their losses if this actually doesn't come to fruition.
Thanks for the info. Lots to mull over there. Short term as the whole retail industry has a bounce as lockdown lifts, I think this will do well, but for reasons you state I don’t think this is a long term bet. I think I will buy a modest amount but I won’t be putting my life savings in. Cheers
This is/ was a great company,
I would caution anyone from buying the shares right now or even in the medium futura,
Here’s why! Card Factory needs the same or more footfall than it had before this pandemic, Even if they get a quick vaccine fix, there will be a large number of people still to afraid to visit the high street or queue up in any store, these stores need more buyers, I simply can’t see card Factory holding up with a reduced footfall, people have already started ordering there cards online, so I just hope it’s card Factory they are ordering them from, and in saying that a large part of card factories sales are through party lines balloons etc, and all the other add ins they sell, I personally only use them myself, and even I can’t see people queuing up outside one for a card, they will buy in there own newsagents, with hardly any queues, I’m genuinely worried for this great card chain, the high debt is a problem and even before the pandemic, If I’m honest I wouldn’t buy the shares at 10p that’s how nervous I am about it’s trading future, it will open ok, and trade and sell ok, but I don’t believe the profits will cover its needs, and if it does , which I hope it does, then it may limp on for a few years in Limp mode until things pick up again, and that’s best outcome under a terrible recession that’s coming our way,
I’m genuinely sorry to be so bleak here, but it’s only fair to be honest with investors, as some may know I owned these shares and warned investors at 88p to get out, like I did, and once again I warn them ! This is one very risky share to own right now, only for the very brave indeed, if it had no debt then that risk may buy it time until better times, genuinely good luck to those brave investors here , I hope your bravery gets paid back 100 fold , because you would deserve it.
GLA
I’ve followed this share for a little while and on the face of it, it seems like there is a lot of value to be had and potential for a fairly quick increase. I’m very interested in getting involved but I can also see that before the current crisis there were signs there were problems, not least a sharp recent 25% drop (pre Covid). A poor Christmas over a period where this company should be strong was worrying but whilst it most likely will not hit the previous highs, surely 60p has got to be achievable as the lockdown comes to and end. What are others thoughts on this?
Not looking for clever remarks, just trying to gain more info. Thanks all