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All I know is that retail sales came in very strong, consumer confidence is also improved, and the UK stock market is broken
The Board notes that, although it was approved, Resolution 3 on the reappointment of Paul Moody (Chairman) as a Director, received less than 80% support and accordingly we will engage with shareholders to fully understand shareholder concerns, and provide an update on further consultations within six months of today's AGM in accordance with the UK Corporate Governance Code.
So does that mean he could be gone in 6 months or just swept under the carpet until things settle down with SP going up to £1.25 ????
" They can now buyback shares. "
Yes they have now passed that option /approval in the AGM , but I have seen anything yet that says they will actually start doing that.
Maybe sometime in the next year would help.
They can now buyback shares. Hopefully this will either resolve the Teleios situation if they are, in fact, still offloading, or allow the sp to rise through normal trading activity and increased value attributed to each share.
Yes, there PR is horrendous!
So any news or negative news coming from AGM anyone ?
Started: scoredagainsteps, 20 Jun 2024 20:36
Last post: scoredagainsteps, 20 Jun 2024 20:36
ONE thing to bear in mind is shipping container costs atm they are approx 8000 dollars rising to 10/11000 in a few weeks i think . So costs will be more to bring stuff over plus higher wages soon . IMO undervalued here .
Started: Polishcap, 20 Jun 2024 06:59
Last post: accipiter, 20 Jun 2024 18:52
Thank you Polishcap
I see the report was commissioned by cars factory so not sure if it holds as much weight as an indpeent broker report but happy to be corrected… not really sure what even a positive reading statement would bring in terms of major shift… we are trading well and have a massive uplift year on year … something else needs to happen…
Hi Polishcap,
Thank you for posting the Edison Group research and the interview with Darcy Wilson-Rymer.
This gives a great insight into the future opportunity we all have in CARD.
Like you I’m frustrated with the current P/E of 6.6 and the crazy cheap share price of 94p.
Let’s hope Edison’s research piece is widely read and their suggested future share price of 180p is achieved.
Best Wishes
If it helps to shift the iceberg seller sooner (assuming T are still doing so), then all is well and good.
I have no opinion on whether or not I agree with your statement, Polishcap.
It would be my preference too, sure, but I do not take offence by the lack of it - as long as everything remains on track and as per the last update. GLA.
A really extensive and potentially positive report there. Better sell now....
Started: Polishcap, 20 Jun 2024 15:04
Last post: Polishcap, 20 Jun 2024 15:04
Have to agree he does fk all
Probably cost us all a load of money
Started: Billybob15, 18 Jun 2024 12:49
Last post: LWHL, 19 Jun 2024 12:15
Actually, having just read the BME RNS today, I think I will take it off my watch list for now.
I would be outraged if I was a holder in that one right now. Will not de-rail this thread further on that topic, but have a look for yourself if you have not already done so.
Jed: I would absolutely expect some kind of outline, although anything market sensitive will naturally need to be popped into an RNS beforehand.
Fingers crossed, but at the time of print, we have no reason to expect anything untoward.
As to the other poster re B&M: Former holder in that one (having bought near the lows, but sold up a bit too early) - but back on my watch list now. If it hits my target price, I will start buying back in. Like this one, lots to like IMO. Especially given the economic climate, which (again IMO) is going to be a drag for quite some time yet.
But, for the likes of these two, subject to ongoing strong management of course, might not be such a bad thing. And if the macros improve quicker than my fears, then it will be even better for them potentially. GLA.
Agree, they have a chance tomorrow to tell us if things are going well and that should help the SP.
But will they.?????
This lot need to do an agm trading update tomorrow if trading is as they say
Getting irritated
£2 is a sound target
Started: r1ck5-focus, 19 Jun 2024 09:34
Last post: r1ck5-focus, 19 Jun 2024 09:34
Apart from supermarkets (asda mainly) i really can't see any real competition any more against Card factory. I was in the Clintons outlet store in manchester lowry at the weekend (no other choice). It's closing down and everything was 20% off. It was still £6 for 2 fathers days cards! The only problem i have seen will be raw material prices. A4 Paper prices have been ridiculous (im the stationery buyer at work) but prices are finally starting to drop. Hopefully this will help over next 12 months. i would love to see a partnership with B&M or even a take over of another business like The Works.
Started: LWHL, 17 Jun 2024 22:50
Last post: LWHL, 18 Jun 2024 12:08
Yeah, I am inclined to agree. I had another look at the numbers after Bhaveen's comment. Unless I am reading it wrong, then the debt pile is essentially a non-issue.
I cannot speak for NT of course, or why his price target is only 102p, but thought it might be of some interest to share as an aside.
Presumably it is a number driven by some TA, and is typically short term in focus only. Totally different scenario to investment analysis over a potentially longer time-frame.
Mine is also a good deal higher than that, but let's get back to a quid for starters anyway while we wait to see what happens :)
Thanks for that LWHL, but 102p is an extremely low target price.
Also if he really does think a debt position of £34m is a "huge debt pile" there is something wrong with him tbh.
That debt was reduced £23m from previous year, and £109m down from the 2020 figure, so he must be looking at historical numbers surely?
When did he say that? The debt pile is not a feature of concern to my mind. In fact, it was the significant progress on the reduction in debt that led me to buy in here; the key point among a number of other attractive fundamentals that formed the basis of my decision. The return of the dividend, while pleasant, was not one of them, for me.
Obviously, the BOD needs to continue the positive direction of travel on this matter, along with the other key metrics, but right now, all good, as far as I am concerned. Fingers crossed, touch wood, etc :)
I see he mentioned a worry about the “huge debt pile”… didn’t personally think the debt could be described in this way…
102p apparently. Although he does let them run much longer, presumably when he still feels they have legs.
Equally, he does not always wait for the exact price for those trades he takes a profit or a loss on, lest I run the risk of coming across as ramping :)
84p seems to be his planned stop loss. If this hits on no company-specific news, then I will be adding, but to each their own.
I would prefer not to have that chance to be honest, but equally will not be phased if it does come to pass.
It makes no difference to the decisions I take for myself of course, but he is a much better trader than I am, and it is nice on those occasions that I see we have come to the same conclusion on a particular stock.
Like I said, IMO, 102p is a little premature, but time will tell and naturally, if events change, then so will my opinion.
Started: LWHL, 17 Jun 2024 07:50
Last post: Wiscos, 17 Jun 2024 16:19
I would expect the Market Makers and possibly other short term investment houses acquiring some shares at the current very low price in anticipation of share buybacks and dividend reinvestment. If the price isn't up 5% in a month we'll know Teleos is going down much further...
It would be great to know what their intentions are, but highly unlikely we will find out - unless they go to a zero holding.
If this is their intention, I agree with an earlier poster who suggested that the house broker should see if they can help with this allocation transfer.
An accelerated buy back perhaps, if another institution is not interested in taking a big slug from them. No need to offer any steep discounts or other such inducements though. The fundamentals right now mean that if the SP is going to continue to suffer a drag for another six months or so, so be it.
Not like an outfit that needs to consider a cash call for example, where such a drag would absolutely cause problems for the company. GLA.
It would be nice to see the next Teleios declaration after their recent selling spree.
Last I saw they were down to 10 point somthing %, but only they know if their objective is to sell the entire holding, or just drop down to a lower % number.
I wonder if another couple of directors have de-risked their 'free' shares by issuing them and then dumping a 'tax payment' onto the market. Or someone else is still dumping. I doubt it's private shareholders... And different from the Teleios pattern.
Totally agree, with turnover what £500m and profit about £50m ie 10% just how many other stocks look such a buy / take out. We al know this SP should be £1.50- £2
Started: Beachbum1978, 12 Jun 2024 09:37
Last post: Beachbum1978, 14 Jun 2024 17:41
Racking lines in the big as we speak, laughing at us lot
Yeah only because Telios staff finish early and in the bar on a Friday afternoon
Wait, what? We have finished in green!
Wish the dividend payment date was today. I was going to re-invest two thirds of mine as had a personal expense coming up, but at this price, I am setting my accounts to re-invest all. I have various valuations on things and am actively researching companies on a weekly basis, but none of those opportunities seem better for me on what I understand than this one, as has been the case for quite a while.
On timing, I never try. I just value something as what it is, a business, and then buy it for significantly below what it is worth. I believe for 3+ years now I have been able to do that in respect of Card Factory whenever I had spare cash. Timing largely seems to be trumpeted by those who crow about calling 2 or more coin tosses in a row and believe they've found a secret.
I would like to see a buy-back but I am skeptical that management will declare one before the interim results. I just wonder when Mr Market will sober up to this company, but please, no one offer him a glass of water yet!
I am sure we have all been here before over the years. Late 2022 buying a variety of stocks proved to be wise - although at the time it felt like we were at the start of something far more significant and nowhere near the bottom.
At least it did to me anyway :)
There remain a number of potential threats to the equity markets and (not for the first time) I am expecting more downside than upside in the coming months at least. Which will hit the good companies as well as the bad ones.
But IMO trying to time this stuff is a good way to miss lots of market upside, so (again, only IMO) keep plenty of dry powder, try and manage position sizes sensibly, take some profits/slice here and there, and keep buying when you think it is sensible to do so.
Which may not always 'feel' right. Hence my comment about my winter 2022 purchases in a range of outfits.
And I let my 'feelings' stop me from holding a couple of positions that have since gone on to 'lose' me an extra 50% or so of profits at the time of print. So not trying to blow my own trumpet. Although I certainly would if I could, lol :)
IMO, we are currently mainly seeing institutional selling and retail buying, both here and across the Pond. I think I am right in saying that the buy back window in the US is now closed or about to close, so that will likely influence the direction of travel for a bit as well.
The long and short though is if CARD continues to build on the last update, manages costs sensibly (including not taking the pi££ with their own executive remuneration), keep paying down the debt aggressively, hopefully with extra dividends and a buy back too (if appropriate) then sooner or later, there is no strong reason to think we are not going to see a materially higher SP before too long. But as always, time will tell and just my thoughts. GLA.
Started: themong, 13 Jun 2024 10:41
Last post: themong, 13 Jun 2024 13:09
Thanks, forgot to give location
Bishop's Stortford
Yes, they are always busy around the key calendar events, and there's a steady stream outside of those. In fact, this is true of my area, and we have 3 stores, 2 partnership offerings and a concession presence within a 4-mile radius.
Interesting observation mong.
Yesterday at Card Factory High Wycombe around 12-14 shoppers in a moderately small shop, with 2 of those being served at checkouts and another waiting to pay.
The footfall of CARD seems to be consistently high which, combined with their partnerships and improving online presence should translate into sound results at the Q2 res which will be announced 26/9.
Card Factory 17 people
Clinton's 0 none NADA empty
Started: jedclampit, 12 Jun 2024 14:36
Last post: jedclampit, 12 Jun 2024 14:36
Everyone is thinking is
What happens if / when Labour win the election.
Do they put up charges/ commission /vat on shares and will most shares fall within the first few weeks???
So do we sell now before the fall. or are some thinking Labour will be good for investors?
Started: scoredagainsteps, 11 Jun 2024 15:35
Last post: scoredagainsteps, 11 Jun 2024 15:35
90.4p not 80
Started: scoredagainsteps, 11 Jun 2024 14:28
Last post: scoredagainsteps, 11 Jun 2024 14:28
THOUGHT we was slowing down i see the mkt makers are trying to get this down .Example two sells of 0 to look like it hit 80 plus crafty how they act . Watching close money ready to buy
Started: Polishcap, 10 Jun 2024 08:20
Last post: doctorkno, 11 Jun 2024 12:03
It will be interesting, and maybe hopeful, to see how the proposed business rates reform will affect CF and whether it brings a not-insubstantial tailwind, which is a positive. It looks like there are number of possible deflationary influences to margins the coming years that when combined with efficiency savings could lead to some of the best net margins in the UK retail sector, exciting.
Well, a small buy order (that I had forgotten about, lol) hit yesterday, so I am doing my bit to absorb some of the overhang :)
The 80's, which seem nailed on right now, is where I will likely take a few more. Any more purchases after that I will look to trade a bit, if it comes to pass. GLA.
It’s a bnt market we know that
They need to sort a buy back as this is ridiculous now though
They should be embarrassed lowest pe company in the market
Who is going agm
Last post: jedclampit, 10 Jun 2024 07:39
Yes it now looks like card factory have the last Clinton stores on the run with more closures to come, our business model seams to be working better and bringing in more profits all round.
I bet we have one of our shops near by. !!!
Started: scoredagainsteps, 10 Jun 2024 07:25
Last post: scoredagainsteps, 10 Jun 2024 07:25
IMO selling is slowed down last 2 sessions gla
Started: Vegasboot, 7 Jun 2024 14:56
Last post: Beachbum1978, 7 Jun 2024 16:05
Look at the curvature on the 1 week chart!
Oh I do hope you are right !
Started: Beachbum1978, 7 Jun 2024 14:47
Last post: Beachbum1978, 7 Jun 2024 14:47
Is that my Sport Direct Mug Handle appearing? (6m Chart) I thought it had dropped off?! Monday will be the teller.
Started: Vegasboot, 3 Jun 2024 16:32
Last post: doctorkno, 7 Jun 2024 14:07
Impairment.
I'm glad you managed to make some sense of it, even with all the typos! Thanks for the response, too. :)
Yes, I think there was a marginal swing in favour of baskets now being weighted more of non-card items, but it is only be hair's width.
Well, I have only been actively investing for 4 years but I do like to study history as well as the present and I think that has helped me avoid any painful experiences. I think the things you have mentioned in declining footfall in the high street generally, declining card volumes and disruption from new ways of serving the market online are really what are at play, but I believe people make broad-stroke assumptions about the effects of these things, and it can be very easy to neglect specifics. As you have said, some companies have adapted and done very well. In fact, some businesses have actually managed to thrive on the highstreet and in physical locations, with a great many of these being in the value-end of the market: Primark, B&M, ShoeZone and Card Factory seem like obvious names. I also think the pure-play online competitors aren't really competitors to Card Factory. They affected the pricier premium segment of the market more (numerous store closures and failures from the likes of Clintons etc.), and the online market is heavily weighted to personalized cards at a greater cost.
The omni-channel offering definitely does have great potential, I believe, in driving higher value baskets filled with more celebration essentials and gifts, and I feel it's tailored made to grab a larger part of that market through c&c, and the shift, as you have mentioned, to recognizing the trend and allocating more store space to gifts and such is something of a wise move and recognizing that the cards still largely drive the footfall, but for years, they have been missing out on complementary items that it can offer conveniently and at very good value to their shoppers. It is very encouraging to notice that larger number of people in the population are purchasing cards, even if they are not purchasing as many. The calendar events like Valentines and Mother's day etc. are excellent opportunities to increase revenue through the new product offering, and could even be worth more than selling additional cards in events where people would not buy gifts: if you were to pick up individual Christmas cards, the likelihood is that you would not buy a £5 gift for each. I will never be able to get away with just giving my mum a card on Mother's day, and as you've mentioned, convenience from proximity with no loss in value for money are very persuasive reasons to believe its strategy will continue to pay off. It will be interesting to see what happens.
Yes, I noticed that discrepancy. It was hard to decipher, but I figured that the 851 must have been reckoned from them asking the question again on the basis it was linked to the footnote relevant to that year's survey, but it could have been a correction from a miscalculation last year, who knows? I also think the survey is useful, but the nature of it could lead to some ..
Dont worry @doctor - I have a howler of a typo in mine - should have put the celebratory non card sales grew from 44.4% to 48.4% - interestingly equal to the card sales level for the first time (also 48.4% with boxes making up the balance)
Hi Wiscos. Maybe we should form the cynical City investors club on here ;) Yes, I tend towards (quality) value, though spent a fair time with growth businesses and do have a soft spot for them as long as they arent wildly overvalued.
JonnyGee - totally agree! I worked in the City for almost 40 years in Asset Management and still like value investing. Card looks like a very oversold business with pretty good income prospects over the next few years and - as you say - seems well placed to be the place that various family members buy 'celebration' items. Maybe Celebration Factory will be a better name in a few years!
Started: scoredagainsteps, 5 Jun 2024 14:30
Last post: LWHL, 5 Jun 2024 16:12
Maybe. Hopefully they dump a load more and crash the SP to the mid 80's in short order, so I can buy some more.
Anyway, there is now no short interest here over the disclosed threshold, so perhaps 'the market' is not so confident in that assertion. Would be an easy short otherwise, IMO. GLA while we wait to see what the next few months bring.
MOST WAS BOUGHT 2020 IN THE 40/S NICE PROFIT SO THIS WILL GO ON for a while as they have millions
Started: scoredagainsteps, 4 Jun 2024 16:13
Last post: LWHL, 5 Jun 2024 12:00
Do we know how many shares the retiring Roger has? Could be him, or Telious of course?
For me, this has changed nothing since my last post. He seems to have been a valuable resource for the company during his time and it is a shame (but understandable) that he wants to step back and fully enjoy retirement now (I think I am right in saying). His replacement looks to have a strong profile too though - and ultimately, it is the CEO and other executives, who are the main drivers of the success or failure of any enterprise.
Still, it would be nice to see Pamela purchase a decent slug of shares soon. Both to support the notion that she is likely to be a useful member here, as well as to show that she has faith in the direction of travel (that she is going to help with) too.
Gotta be.
5 x 50k sells in the space of 15 mins… that’s got to be a big seller right?
And that, in a nutshell, is the investment case for me in this one. Sure, other retailers could steal their lunch one day, but show me any stock market equity where a risk-free scenario exists.
Anyway, as long as the management team acts prudently, I think this one has decent upside potential - but time will tell. GLA.
It's quite amusing how all the trading results, growth plans, omni-channel stuff gets talked down when there's a run like this. And of course it's all happened before. There are plenty of cards, balloons, parties, birthdays, celebrations and need for tat presents.
Started: Beachbum1978, 4 Jun 2024 14:25
Last post: LWHL, 4 Jun 2024 16:09
Yeah, I am pretty sure it is now invalidated, lol. Will take a few more around 90p. Looks like some pretty strong support there, IMO.
If that does not hold, then mid 80's for a final tranche. Not a lot of support there that I can see, so will not be loading the boat further if that goes - but subject to the obvious stuff - not looking to cut and run either, should we see those lower numbers. Fundamentals at the time of print, etc. GLA.
It's a massive Sports Direct Mug so taking it's time :-)
Get ready for the handle…..
Started: Pmapma, 3 Jun 2024 21:49
Last post: Gimmers, 3 Jun 2024 22:23
I wrote that on Stockopedia!! (Gimmers)!! Copyright theft!!!! ;)
Card Factory (LON:CARD) Teleios holding decreased to 9.92% from 10.99%. Wish it was more but hey ho, off they go. Just checking back as well - they held 14.92% to 25/9/23 so shifted 5% of total company shares in 8 months. Will they carry on dumping or hold for now?
Yes, silly corrupt games probably Teleios and Wace combined. Why is this supposed 'market' so completely broken? Anyway, I'm dripping my dividend in early...
Haven’t checked in for a while… didn’t think we would see mid 90s again. Though quite sure it’s temporary… roll on half year.