Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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https://www.sharesmagazine.co.uk/news/shares/card-factory-folds-on-christmas-disappointment-and-dividend-concerns
Expected £81-83m EBITDA. I’ll take that....
apologies about the last post. i mean ebitda not underlying profit.
Tuesday will be showing an expected underlying profit £80m+ and what a good rate of return of investment. DYOR.
Not sure the £2 average selling price is correct. That would buy you a couple of cards plus a shoe shine in the branches I’ve visited. You are spot on though , their margins must be fantastic compared to the competition. Plus , because their offerings are incredibly cheap they could put prices up 10 or 20% and I for one would still think them a bargain. I’m sure there will be ups and downs but ultimately the SP can only head in one direction IMO. GLA
Good start: https://www.ft.com/content/1c03d224-199e-4282-bee8-8363d1177f18
As expected, Trump threw a bit of a tantrum, but not the carnage markets were expecting.
Hopefully a good start on Monday.
Card factory have got a huge advantage over their competitors.... they manufacture and sell through their own shops which protects the margins. It costs about 4p to manufacture a card and they retail through their own store at an average of £2. The margins aren’t as great when they are sold as concessions through Aldi etc but covid-19 has certainly forced their digital proposition and I’m convinced this business will be in a strong position when their stores are reopened. I know Hallmark Cards sell theirs to the likes of Tesco and suffer huge margin erosion. We may just start seeing a healthier balance between online and store sales at Card. You really can’t go wrong with this stock...
Would be rather nice timing if that was them finished for now, and Trump doesn't declare World War 3 over the weekend, as the markets have already priced in a lot of carnage today. Could be a good Monday.
Seems Invesco just dropped 1.5% of there holding.. hence the RNS
Q1 results on 2nd june and 4th June trading update next week to look forward to uptick
Below article is from Investor site Cards have been trading through the Covid19
Card Factory establishes new packing warehouse to meet safety requirements, online demand
Online sales rocketed 267% since the beginning of the UK lockdown while supplies have continued to Aldi and Australia's The Reject Shop
Card Factory - Card Factory establishes new packing warehouse to meet safety requirements, online demand
Card Factory PLC (LON:CARD) has established a new packing warehouse to meet the increasing online demand in respect of coronavirus safety measures.
The greeting cards seller said online sales rocketed 267% since the beginning of the UK lockdown on 23 March, while it has continued to supply both Aldi and The Reject Shop, its Australian partner.
READ: Card Factory shuts all shops
Following the closure of all of its 991 stores, the retailer has furloughed over 90% of its workforce and has rescheduled seven new openings to next year. It also suspended the dividend for the year to January.
The FTSE 250-listed firm has an existing £200mln revolving credit facility and was granted additional funding by the Bank of England under the Covid Corporate Financing Facility.
"While near-term earnings are clearly hit hard, CARD remains a good quality, vertically integrated, high margin and cash generative business," analysts at Liberum commented.
"We look forward to the new strategy, which the management have been working on for some time, and while we see green shoots of this coming through in today’s update, the full announcement of the future direction of the group could drive the shares significantly higher."
Shares jumped 10% to 42.29p on Wednesday at the opening bell.
New here.