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I was going to buy as soon as I heard it Is coming on the market . I think this is over priced . You never know but I got feeing this might drop. For a card ,gifts factory this price is well above market . Of course they had great 2020 also but . I hope it hose well above and people can take some profit
A bit of a tense time before unconditional dealing starts tomorrow morning. The IPO offering was at 350p and current SP is 432p.
I’m guessing for 450 by noon!
This is a wild guess. It could sink below 350p IPO
GLA
Crypt, I’m also holding RR for that reason too!
I’ve now got half of my cash assets in shares. Half tempted to pop up. At the same time it’s probably for the best I don’t over stretch myself. I’ll wait any cash calls from my current investments I think. Although RR is a no brainier in the long term.
TomBeef, of the ‘recovery’ stocks you mention, I do have a stake in Rolls Royce. As most of their engines are leased based on flying hours, they will recover quickly when the surge in holiday flights arrives. I’m topping up on dips.
In conclusion, having a diverse spread of investments can be a good thing.
As usual. DYOR and GLA
Crypt, Yeah I’m completely with you on that!
At the end of the day they’ve got a business model that works and even in hard times it’s hardly going anywhere.
I just can’t get my head around how they’ve valued it so high mainly based on one year in a pandemic.
I know the print business quite well as I’ve been in the industry myself for 10+ years. So I know a little about personalised gifts and the print sector and that’s going nowhere.
Hi TomBeef. Thanks for a measured response. I agree with you to a large extent but the market is very fickle at the moment. Sensibility and sentiment are somewhat merged at the moment and can see Moonpig doing better in the short term. Time will tell. Who knows what plans Moonpig have for the future?
I'm in .... GLA
As you’ve mentioned Crypt, this stocks a weak buy.
You’d likely benefit more by putting your funds into Menzies Plc, Airlines, Rolls Royce, or even SIG Plc which hasn’t moved for months. Legit will this give you 100% return on investment? Doubtful.
Where as the others listed above probably will. I can’t see this getting to £8.50 a share (100% return)
Each to their own of course, always do your own research as after all it’s your money. Valuing a company (this market cap) based on one years turnover because shops were closed and they had little to no competition is stupidity.
There should be an unwritten rule that people should only post on stocks they own! Attempts to talk down SP’s by non-investing individuals should fall on deaf ears.
Question yourself ‘why are they here?’
As always, don’t trust me or anyone else posting on here. Invest/buy/sell based on your own research.
Agreed - Card Factory (CARD) now valued at 10x less with a near £65m profit pre-Covid. Better analyst consensus for the next 12 months too
Hey tradermum, read his previous post, this is way over valued but if you wish to loose money go for it. When shops re open which they will people will go back for cards and for other things bit or choices will be smaller. No bad thing if you ask me.
Tom totally agree. Profit of £18.5 million Mcap £1.2 billion. This could turn into another AA .
I'm glad that I couldn't get on now, there is better value elsewhere ink my view, too much of an unknown gamble.
I’ve just tried to buy now too and it won’t let me either.
Hopefully I can get in early tomorrow first thing when the lines open.
Hi Tom, Do you have any financials to support your suggestion that the stock is overvalued? I have not carried out the analysis so I am not able to comment but I am genuinely interested in how you came to the conclusion. Is it based on assets or purely future cash flow? Or another method?
Thanks in advance.
Tradermum
This stock is way overvalued. It’s sales have rocketed due to the pandemic. Once we’re out of lockdown many of their customers will go back to the high street for their cards just to even get out of the house! Card Factory were slow with the online app and their new website in lockdown, although I know which I’d rather have my money in. Card Factory, massively undervalued and a good dividend once returned. Good luck to anyone who invests in either of course.
Because Card Factory is a pretty much dead brick and mortar focused card store, I have never really understood the strength or offering of Card Factory. While Moon Pig has clear long term ecommerce focus where they have consolidated there position in this market. The people who buy from CARD primarily know them for their physical stores and very few buy online I feel - may be wrong though.
How is this worth so much more than Card Factory?
Hi,
On the Moonpig Group website, one of the old financial reports for Cards HoldCo Ltd
no so much going on now after all the hype, the price seems way over to me
Hi trader mum. Where can i read about this ?
I wish...
Did you get loads at 350 then?
3.50 float price and current 4.30 - that's not a bad start is it?