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because I only brought a small initial holding and only had it for a matter of days.......I intended to buy 3 lots but that idea has come to a grinding halt...for now
How did you manage to sell and only take a small loss, this share has been going through the floor for the last year, how small was your hold.
I sold yesterday and took a small loss....I just hope we can get on top of this situation and keep an overall perspective ...
Pokerchips I'm aware of the death rates of flu and even colds in the uk, for me it's also the devastation of the world economies, that's yet to be seen, China will see this first, I'm personally not concerned for my own health, let's hope we get over this virus very quickly.
GLA
thomasbrowne,
Maybe if you think of the 26,408 flu deaths in the UK in 2017/18 season, the 2600 people in China, with a population of 1.3 billion wont seem so bad
Pokerchips you are absolutely correct about the pollution in our towns/ bus diesel car fumes,
It's just that every time I think about 2600 people laid out before me dead in a matter of weeks because of this coronavirus, it's alarming to see these people unnecessarily dead, they could have been happier walking around, including the Doctor in China who wanted to warn the Chinese population about the new virus, and he himself died, a young doctor at that.
Hopefully we will stay on top of any outbreaks, our health services just don't need the extra strain,
Good luck with your investments.
thomasbrowne
No, No..it is perfectly fine to be concerned but....
Matt Han****: " The NHS has tested a large number of people who have returned from infected countries and the vast majority have tested negative "
I would imagine that the pollution you breathe in every time you go into town is probably doing worse things for you than any low probability of a mild sympton of coronavirus
"Infected countries"..even in those the % of people infected is very small overall
There is risk ..but the normal flu spread around and no on seems to care too much about that
Guys I was a holder and sold out at 88p. and taking a loss, Because the potential for a significant drop in card factories share price, that call seems to have been correct, though I genuinely hope this virus doesn't get a hold in the UK , I'm sorry if you think I'm negative about my risk call, though it's genuinely held, I could buy back in again to card factory, though the risk and threat to the footfall in the high street is still there, it's a good company and management, but the risk of it ending up like other infected countries could be a fatal blow to a great number of high street retailers,
I'm only pointing out the risk here, everyone should know the risk of a slow down on the high street,
For example if there was just a few infections here in belfast, then I would be more cautious about going into town unnecessarily, and in me just being cautious would cause a drop in footfall on the high street, it only takes a small number of people to think like me and that causes the drop in footfall, card factory is my only card supplier, it's the best in my opinion,
Everyone can make there own minds up about the risk, hopefully my risk assessment is 100% wrong, but if it's right card factory would be one of the hardest hit shops, let's hope I'm wrong, we really don't need this F####g virus, I apologise if I've unsettled any C.F. Share holders. That wasn't my intention.
GLA
Let’s try and look on the bright side. Mother’s Day is coming up followed by Easter and people are still having birthdays. Postage costs may be increasing but people can and do hand deliver cards. I think the results are due 21 April which will hopefully bring some good news.
Pokerchips I genuinely hope I’m completely wrong here, but if Coronavirus gets replicated even in a small way in the uk , then the high street will get slammed badly, card factory will get hit particularly badly, as it really needs its cash flow to operate at a basic level, yes people will buy online, though it’s the Radom high street buys that keeps the company in profit, Just a small drop in high street trade would have a very significant effect on card Factories
Viability, if it can withstand a 12 month collapse in profits then after that it should do ok, it’s just extremely vulnerable to any high street downturn . It’s huge turnover would drop substantially, were would it find the money to pay all there bills. I repeat I hope I’m spectacularly wrong here sir. Just google how ‘‘tis virus has devastated china’s retailers.
thomasbrowne
Yes true....thanks..I only have a small holding here, as a first buy...., so nothing too serious ....
Their online business should probably benefit, even if the stores lose some trade
Pokerchips in a perfect world I would side with you here, in every day life, people react to fear, and that can be costly if your holding the wrong share at the wrong time. Good luck sir if your holding .
GLA
" fear around the Coronavirus"
yes, but ...you are supposed to face up to fear..arent you? ...A response of everyone running away and hiding under the bed isnt exactly going to help, either. After Wuhan , everyone can be more prepared and take precautions and preventive measures ...which doesnt mean hiding under the bed....
Over 100 children have died in the US this flu season...The government there estimates between 16,000 and 41,000 people died from the flu between Oct. 1. and Feb. 15, and between 29 million and 41 million have been sick.
Is every mother been hiding their children at home ..errr no?
https://nypost.com/2020/02/22/over-100-children-have-died-from-the-flu-this-year-in-the-us/
Would be nice to see some British spirit of yesteryear...rather than all this snowflake fear, all the time
I did say sell up at 88p because of the high street fear around the Coronavirus, it doesn’t even have to come here, just watching it kill around the world will keep x amount of people away from the crowds on the high street. It’s the physiological effect it has in people’s Minds, They are saying china’s shopping centres are struggling to survive, if it can happen in China it can happen in any country, it only started with one person getting it!!! Card factory is a great company in my opinion, but this could test it massively.
GLA
Calm down....proof here that the fear of the virus is spreading at a much faster rate than the virus itself
With the coronavirus hanging over major cities high streets, card factory is a very risky investment. Good luck with this one.
GLA
No doubt whatsoever this SP will drop below 50p