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Sorry to hear that Rox
I'm sure you will make that up and more when CARD starts to perform. Have a great weekend.
Morning Banbury Noooooooo!
I didn’t get out if DDDD!
£45,000 and almost 300,000 shares bought on Tuesday/Wednesday at an average of 15p and on Friday they went into Administration!!!!!
Totally my own fault and all driven by greed so nobody else to blame.
Why am I ok about it?
Because I only ever gamble what I can afford to lose.
Major lesson there guys if you are a Newbie to all of this.
In hindsight wish I had just left it all in Card and Wrks though but hey ho life goes on.
Rox - I hope you got out of DDDD.
I follow your posts and did look at it.
Some pretty negative posts in my favourite space (Saga) and £1.88 does feel cheap if you need a quick "gamble" next week. 12.5p old money and fundamentals much better.
AGM trading update is 5th July.
Currently holding CARD and like everyone but SIMES think it will do well.
At this rate interest rates will be on their way down again very soon...
RH,
The masses generally just follow what they’re told by the mainstream media (which always has poorly hidden agendas) and mainstream economist, who aren’t worth their weight in fiat currency, so naturally, most of what they think is incorrect. For example, all I keep hearing lately is ‘invest in property, it only ever goes up’, because the masses don’t understand the recent devaluation of the £. I do however, think they are right about a recession, but only because it is such a highly likely scenario. I think CARD’s revenue would remain strong during a recession though. The risk would be if their debt becomes unserviceable, which I think is a possibility, especially if they fail to achieve a strong net profit margin. I’d consider buying in at 40p, because I think that is roughly when the reward justifies the risk. It’s all well and good assuming that CARD should be worth, say, 15x pre-Covid earnings, but the balance sheet remains poor and we have no idea what post-Covid earnings are going to look like. Consequently, I’m demanding a large margin of safety. As CARD’s valuation isn’t underpinned by book value, I expect the share price to remain highly volatile until either consistent earnings are produced and the balance is significantly improved. Calls for £1 a share (a market cap of, say, £400m) is unjustifiable at the moment imo
Hi I think you nailed on the point.Card factory done really well when recession hit in 2008.that time Clinton’s cards fell.so I think this type of condition is perfect for card factory as people won’t want to spend there money in expensive cards and gifts.so in my opinion it could be a good thing for card factory.they might start getting moonpig customers coming to card factory.but only thing is they need to advertise more about there websites.we just have to wait and see.
Hello roxburyhouse,hope you are well mate.
Simes, so if the drop is down to a declining business how do you explain the 25% drop over the last two weeks in BP? Most ftse shares are in freefall.
More 'this time next years' than in Peckam on this chat. Nothing surprising about SP going down. A business in decline, continues decline, with management failing to give forecasts, other than unrealistic dreams. The most amazing thing is how large shareholders put up with it and vote for more of the same. They know it is a disaster but just can't be bothered to get involved. They mentally right down the value and move onto to other more interesting opportunities. Other peoples money anyway...
Hi Lorenzo you could be (and most probably are) right that a recession is “nailed in” but you could also be wrong.
The masses think you are right so I automatically chose to think the opposite.
I can’t help it. My investment strategy is to do the opposite to everybody else and it’s based on the fact that everybody can’t make money in this game.
A lot of people have to lose £ to pay for the few people who make £ so you have to think “outside the box”.
Just jumped into DDDD and bought a big chunk at 15p this week. Based on nothing but gut feeling but everyone was selling so I bought. If it comes good I will be ploughing it all back into Card.
Ps Never understood when people say that they will only buy a share when it gets to a certain price? If you are going to buy then buy and average down every couple of pence? Otherwise you could miss out on the inevitable (IMO) rise?
Each to their own though and good luck.
Hi Roxbury and everyone else.....this fall from 65 to 46.5 in the space of a few weeks is truly unbelievable. I see no reason for it to fall beyond being horrifically and falsely dragged down by recession fear. What is even more amazing is that CF is highly immune to recession being a low cost operator ....so this is utter madness..OR it is share manipulation by somebody ..with a big buyer in the sidelines somewhere with a potential cheap take over in mind .
Roxbury,
Personally, I think a recession is nailed in, albeit measures are being put in place to soften the fall, e.g. helicopter money is being handed out the poorest in society again. Liquidity is falling, the cost of borrowing is increasing and inflation is still out of hand, so interest rates can be expected to increase further. The jubilee bank holiday might have actually postponed the recession though, for now, as in relation, the next financial quarter will appear to be stronger. My primary concern here remains to be the lack of clear planning and tangible objectives from CARD’s management team. This evening I’m going to look at how I expect interest rate increases to impact on CARD’s cost of borrowing in the coming months/years. At 40p, I’ll be buying back in I think
A recession might be on the way it might not be. Retailers might be hit hard they might not be.
Nobody actually knows, it’s all guess work.
Stevebt yes in hindsight you should have sold a big chunk of your Card shares a few weeks ago in the 60’s for “lower buy in bargains” but you didn’t and even if you did there is nothing to say that those wouldn’t have gone down also!
I thought I had “played a blinder” by selling a big chunk of my Card shares 2 weeks ago in the 60’s BUT I bought Wrks which have gone down more!
Still heavily in here of course and it is by far my biggest holding but we have to be patient. I really do think this share will do well and we will all be sitting pretty next year.
@lokiloo, that's the point. CARD is not part of one's weekly shop.
I thought the idea was to sell and make capital gains!
A recession on the way & retailers will be hit hard.
The drop has been pretty wide spreaad and compared to two weeks ago I would say my portfolio has dropped by about 25%. I wish I was savvy enough to know what was happening as although my trade account shares can’t be sold due to cap gains I could of emptied my ISA for lower buy in bargains.
No way i am selling at this price, must admit through i am a little disspointed with no trading update from card. Can only assume that no update has been taken as a bad sign by the market.
The shops are always booming amd sales volume must be good.
Tomorrow will be a better day
Nothing unusual in the AGM report, just voting back the board members at a near 100% majority. More shares bought than sold, this is just a takedown by the mms. They have been battering it down all week with no large volume only 1.5 million shares traded with the biggest trade UT 120k buy. This can only be done by the mms to create trade. No way am I selling shares which should be North of a pound for 48p these are top Card selling businesses not market stalls.