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I don’t think a share buy back will guarantee to make a difference… greencore just completed theirs and no share price change. A dividend would definitely help … investors have plenty of choice now with companies who are showing capital growth and dividends so why put money in cars which had no dividends. Finally online growth… they harp on digital transformation but it’s clearly not translating into performance … I hope when they have less debt they will start to advertise their online offering…‘I doubt the mass market even knows they do personalised cards that are competitive with Moonpig.
Suggest we just need patience. There are plenty hiding in the shadows happy to buy any cheap shares. Dividend reinstatement and modest buyback the way forward imho. The useless British government, UK financial isolation, recession, miserable state of the country don't exactly help any UK domestic shares presently.
Forget the continued promising results, the annual investor performance return on this share is nil............comments please.
What does Card Factory need to do to get the market interested ??
Getting embarrassing this now
Apply wincantons multiple on takeout to card and you get a card valuation of over 900m near 280 pence
Card by the way has a huge ebitda per centage vs wincanton who is low single digits
Does everybody in the city just hate card shops ?
Is very volatile day to day for a retail company with more or less predictable sales and the spread seems large, being kept down maybe.
Darcy needs to sort it
Card is better than those who have been knocked over
Buys exceeding sells by the looks of it. I think this might be one of JKR's favourites. It was listed in one of PensionWise's vids a while back as one of the long term value stocks.
Looking much more promising all of a sudden...
Just bought anther 3k worth myself
Maybe, just maybe, our big seller has stopped for now. They've reduced their exposure and averaged down their price so would make sense. Gradual upward movement for a while would be nice and hardly unreasonable.
Bit of pressure on darcy to sort this now
6 months of games and mediocrity with the share price
If I was a pe house wanting a bargain I’d be licking my chops
Agreed, the LSE is a total joke now.
Trades today less than 7000.
Zero liquidity, no one wants to invest in UK markets. They're a total joke now.
Good profitable companies such as Card trading in pennies. Shame on them.
Yes, very low PE and of course this is on last years profit. Card has already stated PBT will be at top end of estimates, which are £58m to £62m. At £60m the PE will be in the 5s. Madness!
Added about £3000. Just looks cheap with decline in SP since recent reassuring TU and brought down average paid to 97p as well.
Really I'm talking about tranche A not being a barrier anymore.
If that is the case then announce it and let the speculators speculate, if you know what I mean !
They won't announce a dividend amount in April ahead of 6 month results although they may confirm dividends are restarting and a range of dividend cover within which the dividend will be paid. An interim is possible paid say Sept / Oct but it would be quite small I expect. 2p a share. Or they may wait until year end. Hopefully not! The sp is being pushed down by someone or some strategy either to get shares cheap for an aggressor or similar story. Looks from the timing as though US is involved. Announcing a dividend and reinstating dividends is the best way to counter this, and / or share buybacks.
Isn't that something that is worthy of updating the market about?
You don't get much help from IR here.
The final maturity date for tranche 'A' of the term loans WAS 31 January 2024.
Darcy has already told us that 30th April is when we get the 2024 results, but we have also already been told that revenue is 500m and net profit 60m. What I'm really looking for on 30th April is an announcement of 8p dividend for 2025. With that I sincerely hope this revalues from pe
Was hoping this mornings rns was something more interesting than a block listing.
Probably have to wait till 30th of April for final results for better news.
One other thing to consider. With issues with post office deliveries this will have less impact on Card than online alternatives as many of our cards are not posted.
If i was Moonpig i would be far more concerned
Online is currently less than 2% of revenues so not sure if it would make much difference, even if it doubled or tripled.
Click and collect seems to be a better option as there over over 1k stores to collect from.
Maybe partnerships is the way to go as there will be many opportunities and the Matalan tie up seems to be going well.
Clearly we would all like a Moonpig valuation - however, they seem as overvalued as we are undervalued.
Cant CARD just leave the FTSE and join another market, like a US one ?
Wouldn't that address the undervaluation
This share / business is very undervalued and removing all debt will just make it a perfect target for Private Equity who would load it with debt, strip out cash and kill it, while getting it very cheap. I agree with the general idea of minimising debt but interest rates will probably start coming down soon and I believe reinstatement of dividend is more important if the share is to attract the attention it should be getting from institutional investors.
The market hates uncertainty, and while there is hardly any uncertainty for me (or any other remotely discerning investor), some people like to be spoon fed. They wait until the cat is completely out of the bag, and the opportunity is missed… such people certainly weren’t invested here at 30p, when many of us were.
Moreover, the market had certain expectations for the level of information provided in the RNS (dividend reinstatement, an update on net debt etc), and these were not met. In my opinion, the RNS told us everything that we needed to know in order for us to draw enough conclusions as to the direction of the company… i.e progression towards our targets of being in a net cash position and/or reinstating the dividend. Personally, I would rather CARD go completely debt-free, as this is more tax efficient than paying dividends, but for a share price rally, I must admit that I believe a dividend reinstatement would act as a far better catalyst for igniting the share price, forcing value investors like myself towards the exit, as the dividend brigade make their purchases.
All just my opinion; draw your own conclusions and DYOR, as always
Nice to see that you’re still invested here Roxbury House