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Card should of mentioned divis or buy backs to excite the market
They should know now what the plan is for April and could of announced
That would have protected the share price to have 2 steep falls in sept and Jan is very annoying as the underlying business is rock solid
Darcy school boy errors though
CARD need to embrace their inner child and create a new fashionable online brand to capture more of MOON's and Funky Pigeon's market share. It's a no brainer!
If the market regarded this as a growth stock the PE would be c20. However, we sit at 7 and possibly nearer 5 once the YE results are published. Surely a PE of 10 would be both conservative and a little more realistic. Madness
Based on the headline figures, the debt will massively reduce. its a free cash flow machine
Why didn't they mention the debt situation in the trading update ?
I just did an online order for all my Cards for the year from the website. Call it bizarre revenge against yesterday's fall! I was quite surprised at how good and easy to use the website was.
Ok so that brings a ray of light … hopefully in the April statement there will be news if a dividend… im in EasyJet and that didn’t get a decent lift until they announced dividends regardless of performance
One of the term loans also has a condition which prevents distributions. The balance of which was £4.6m in the interim results. See the below excerpt.
'The final maturity date for tranche ‘A’ of the term loans is 31 January 2024, and accordingly the earliest that dividend
payments will be considered is during the FY25 financial year.'
Hi all… really disappointed to see this drop just extending…but just wondering if I’ve got this wrong… my understanding is that the covid loans was due to be paid back in September 2023 and that the business couldn’t pay dividends until this was paid back… so I was just surprised that this wasn’t mentioned in their update… unless I’ve got this wrong? Thanks
Great post Lorenzo and many thanks. I just hit gym and reflected on day....
There are times like with a profit warning that one can feel justifiably scared but today is just one of those true rare moments where the mr market has offered up a prize opportunity to those who know this company well...it is the most clear example of a 'paper loss' in its most real form.
re read my note, reflected on today and just realised how insane this all is.
anyone who is feeling nervous or doubtful...i'd advise to get your head screwed on here and really take advantage of the value on offer.
Trendz,
I was holding SCS recently in utter disbelief at how cheap it was, before the inevitable takeover bid came in at about 20% below my estimation of fair value (being conservative). There’s a significantly greater discount on offer here in my opinion, so I really wouldn’t be surprised if a bid comes in soon.
There’s no point in people pointing the finger claiming corruption; the bottom line is that the market is full of neanderthals who can’t value companies. I’m not complaining though, I just increased my holding by 17.6% at a nice discount and now I’m looking forward to the annual report.
It’s only a matter of time before fair value is achieved here, in my opinion. I’m in no mad rush for my money. Long may the share price slide continue
Sold out early today as this has followed the trend of lots of shares on results day, i wish i had done the same with J.D Sports last week. but learning fast.
Yep, agreed on all fronts. Staying mentally strong is key. UK retail punters like exciting, high-risk high-reward punts - like AVACTA. CARD needs some new institutional interest. Anyway, the business is in great shape and I'm very much looking forward to seeing the accounts in April and being part of this year's journey. Darcy W R should be given a good pat on the back!
It really was trendz...absolutely horrific.
only in the UK small/mid cap markets could this kind of thing happen...give punters here a man at the top of a hole in the ground exclaiming there is gold, and you'll do fine here in the UK. but give punters a quality name with an infinite return on tangible capital, the highest retail margins in the market, strong LFL levels of growth, and a quality management team....and see your net wealth smashed 10%.
today has been so laughable its just absurd...like a bad dream.
really the only thing to do is to try and stay mentally strong and realise that mr market is just giving you an irrational opportunity to buy more at a ridiculous price.
What an awful day
Didnt Card do the exact same thing after the previous update. Dropped for a couple of days then rose to around 111 before dropping back again... ?
Allows those in the know to buy cheap and sell a week later for a nice profit
No surprise you see companies delisting
Sadly I think CARD will now get taken over on the cheap by private equity. It's now ripe for them with a clean balance sheet and with interest rates falling. Liberum’s new fair value is £1.75. Someone could probably get a bid over the line at about £1.30. Not right but that’s what happens in shyyty markets. Anyway I continue with CARD as my biggest position. A bad day and hit to the portfolio. Will be having a couple of glasses of scotch this eve.
Agree with all the comments regading,bent, corruption, and manipulation. What would be the price if there had been a 10% fall in profits ! The vast majority of my investments are now all in fixed income thank goodness. I tired of the joke the London Stock exchange has become even with steady companies which card is.
And it drops 10%. Crazy. Will continue to hold. GLA
I agree Alnwick.
Looks like somebody though is trying to loosen some shares for themselves.
Not complaining.
JKR Investing on utube likes this one, he's made good money on it so far.