Card Factory Share Price (CARD)

I wouldn’t be upset with a H1 divi… I just don’t want to wait till jan next year…

Think we would all love the surprise of a divi tomorrow. But I think it will be a surprise. I agree the RNS is vague and leaves it open to a potential divi tomorrow. I think they will probably want to clear down some additional debt first and consider when it comes to FY25 H1 rather than putting one out now.

In the interims it stated; "The final maturity date for tranche 'A' of the term loans is 31 January 2024, and accordingly the earliest that dividend payments will be considered is during the FY25 financial year."

The key point being that the finals tomorrow will be 'during' the FY25 financial year.

The annual report said;

"the current restrictions on payment of dividends whilst CLBILS facilities and Term Loan A remain in place (to be repaid by 31 January 2024)"

Again, these restrictions should now be removed if these loans have been repaid as planned

As usual with investing, semantics / the words used in an RNS often matter more than the numbers...

Yep I’m with you on the fact that they have hit their requirements in terms of debt paid a leverage ratio also achieved… I just kind of thought they were restricted from paying dividends for anything FY 24 related … hopefully I’m wrong

Sorry BHAVEEN ignore me, I am trying to do several things at once and I am rubbish at multi-tasking!

I was right the first time and we are in FY25 now, because the results due tomorrow are for FY24 .

The only 2 financial conditions that were stopping dividend payment were that the CBILS loan had to be repaid which was done last year, plus the tranche A term loan which only had £4.4m remaining at HY24 in September and which will have been fully paid off by now.