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Yes looking good.
Seller out, tr1 expected Monday/ Tuesday.
Short term target 70p
Yeh, it looks like they were struggling to keep up with the huge surge in demand. That is why they have just opened up another warehouse in Wakefield for online orders.
And new website launching in July which is supposed to improve user experience.
A slick new website + warehouse capacity increased is a smart move.
had few complaints on timing of delivery.
When I searched “greeting card” on Google, Card Factory is the first result after the paid for adverts which appear at the top.
The non-advert search results are based on website traffic volume. So the fact that Card Factory is the first result is encouraging.
Need to cut down unprofitable shops and improve efficiency on online ordering to enhance EBITDA. Encourage board especially CEO and chairman to buy more shares to restore confidence of investors.
The grim trading update on the 9th Jan, detailing various challenges facing CARD had the effect of dropping the SP from circa £1.40 - 95p, it also took £154m off the map. There was no bounce back from this drop in Jan / Feb, in fact the SP drifted downwards slightly.
That trading update was the catalyst for Invesco to commence it's exit from CARD. This exit has acleratared over recent days and they are now all out. I agree with others it's worth waiting for a TR 1 to see if these shares were taken up by an Institutional Investment Co. surely they were ? I can't believe Invesco would have been able to dump that many shares on PI's
Whilst the % uptick in online sales has been useful, and hopefully will continue, PI's need to do the maths. online sales for FY20 were circa £20m out of total sales of £451.5m that was only 4.4% of total revenues. The 3x uptick in online sales since lockdown or 1.5 X uptick in the new trading year, any increase here is dwarfed by the loss of store income.
That said along with lost store income, comes a reduction in variable costs together with the savings from the 90% staff furlough etc, and HMRC rates, and the div savings.
However the fixed costs of lease commitments remain on the 1000 + stores and warehousing. Has anyone broken that down ?
There is still some headway within the RCF which together with the CCFF support should hopefully allow CARD and many other retailers recover, get stores re opened and regain footfall sales.
Fingers crossed there are no second and third waves. CARD is very popular, I regularly used their store in our local high street, hopefully the doors will re open soon and stay open.
G
The first 2 are advertisements.... but yeah if you include them 4th. Not sure why the TheSmiler would talk crap and then use DYOR lol
Googled it JL/Moonpig/funky/ Card Factory
DYOR?
I just googled greeting cards and second one on the search list was card factory.....
maybe you should invest in spec savers rather than card factory.
Other than people here who have an interest in Card Factory does the buying public actually know that you can buy online?
I've just googled Greetings Cards and above Card Factory in the search results are:
Moonpig
John Lewis
Funky Pigeon
Amazon
greetingcards.co.uk
thortful.com
I would think Card Factory's online market share is currently small, and the search result position isn't going to help, but clearly there's an opportunity to grow this side of the business, which they've recognised and are now planning to expedite the release of new website.
Don't you think there's a risk in keeping so many stores closed? Many customers might wonder whether they're going to open again and change their shopping habits. Many will of course will have already changed their shopping habits during lockdown.
The reality for me is that an already tough retail market is about to get tougher, for multiple reasons.
There's no doubt that the sp was undervalued, which is why I invested, but would I have invested at the current sp? I'm not so sure. DYOR
They are only opening 10% of stores so they can keep the vast majority of their staff on furlough during a typically (after Father’s Day) quiet quarter. They can also see how the opened stores perform with social distancing. It sounds like a good move to me as they can still push online sales for father day.
thanks for that info ian ,so 302% is over last three months not from start of the year,good luck with your research hope you pick a winner
Re the increase of 302% online... look at the recent results rns the info is there. Took me a minute to find it.
Total revenues £451m - online sales contribution is £19mil - Do the maths on what % of Retail sales is lost v Online Sale gains over the last 3 months. Should get a fairly good idea.
why are they only reopening 10% of stores and 90% to remain closed? Seems a lot.
Was there any analysis on suitability for social distancing etc? Or is there some other reason why such a high % are staying shut - maybe testing footfall?
No position but one of a few I’m looking over.
nogood - I may be wrong but I believe that the govt no longer requires Q reports as they do more harm than good. Looking across some other big companies i notice that they also do not have dates for Q reports.
I was disappointed yesterday that the SPs of all the other companies on my watch list were up by between 8% and 20% but CARD only managed 2.45% I am hoping that next week will be catch up time
GL with your own plans
Iam in this share for the long term ,ive read some good advice on this BB and some not so good and also some same posts over and over again,,,one of the best bit of advice on here was from invest-share101 he said ALWAYS DO YOUR OWN RESEARCH,,,,,so i have this is what i have found ,someone said Q1 results should be better than everyone expects, researched there are no Q1 results or anymore this year cant find out why,,,,,Dividend has been cacelled for this year[ok covid] but also cancelled for next year ye21 ,,,cant find reason why,,,,,,,,online sales rocket 302% great but cant find out 302% of what cant find any figures,,,also found out updated rating from broker £1 again great but through research found last update from same broker was November 2019 at £1.70 Hold,just two month later share price down to 93p,,so i will hold this share long term but nice to know some of the facts and thanks again for the advice to do my own research win or lose