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Yes I agree, CARD could well go to £1.50, especially when you compare it to the price of Moonpig! But I do wish that some of had followed my advice about CARCLO I think I suggested buying at around 26-30p this morning they touched 70p and I still think there is further to go. They are making the plastics for the Covid freeflow tests worldwide and could make huge profits!!!
IF these shares can get to 75p, I think there will be a fall back and a period of consolidation. This could be another buying opportunity. Then, depending on news flow and the meeting of market expectations AND GENERAL MARKET CONDITIONS, £I. 50p is a possibility. If one can bear the pain of ups and downs, this could be a great long term hold.
Yes I was wrong on the takeover speculation....I cannot be right all the time! However, I am very glad indeed that I was wrong! I would agree with you, that this company is in a turn around phase and could be quite a sensational investment. I still hold a significant number of these shares, having taken a nice profit, so I am no complaining.
I have been in management situations like this before and your thinking in this matter concurs exactly with my own. I think Gary Channon has been very tenacious and courageous to stand up to the lot of them. Of course now they will want him to fail and would love to see egg on his face. I wish him all the luck in the world. The plain and simple truth is, that it is good news the "cumbersome and retrograde" directors have been banished and the company can move forward with fresh vision!
Spot on! I have been in management situations like this before and your thinking in this matter concurs exactly with my own. I think Gary Channon has been very tenacious and courageous to stand up to the lot of them. Of course now they will want him to fail and would love to see egg on his face. I wish him all the luck in the world. The plain and simple truth is, that it is good news the "cumbersome and retrograde" directors have been banished and the company can move forward with fresh vision!
Bridgedogg, maybe that question would be best answered by the writer of the latest Investor's Chronical article, dated the 22nd of April 2021
https://www.investorschronicle.co.uk/news/2021/04/22/fighting-at-funerals/
Back in 2008 and subsequent years, I remember watching this share as a potential investment. It was solid but boring. It paid a very low dividend and seemed to stay for years within a very narrow price range, before eventually moving from £7 to £25!! However, by this time, I had lost interest, as I could not find a suitable entry point. So I never saw those lofty days of profit. Fortunately, today, we have an opportunity to get into these shares at a reasonable price and with the prospect of new new management. I believe that Pheonix do not see failure as an option! They will get value out of this company by "hell or high water" and I have absolute confidence in that. I cannot emphasize the huge difference the change of leadership will have.....from a company just to plod on in the same tired old ways, to one that is clearly focused on success!!
If we hold at these levels and with continuous positive news flow about profits, I can see 65-70p as the next target for these shares. I wish to express my thanks and congratulations to the Directors and employees for having turned this company around. Keep up the good work!
Johnnyboy999, the answer to your question about shorting BP is an emphatic NO! I hold 30,000 shares, but I am furious that one of my other shares.....Carclo, to be precise, put on a 12.5% gain on the same day. If only I had followed my instinct and put all my money into Carclo. By comparison BP was a huge disappointment. Having said this, I half expected the lacklustre performance. I was very much wary of all the hype from fellow shareholders on this site. Much better I think to invest in shares with a lower profile. I have made a lot of money on Dignity, Card and Carclo. Now, I've taken a profit, but still retained shares in these companies as I still see a bit more growth potential.
I just knew that these shares would disappoint on results day! A sure sign is when everyone starts counting their chickens and predicting possible prices and there is general positivity as to where the price is going. What people forget every single time is that although results do matter, in another way they don't! While people feel confident about a share others are waiting in the wings to cream off the profit. Shares can be rock solid statistically, and that is precisely when the big boys come in and top slice! I'm actually getting quite worried now.......because when shares stop rising on the publication of good news, its a sure sign of a market top. Yes, for sure these shares are a lot better value than some and maybe some day they will go back to £4.00. But I would not count on that, before they drop back again to around £2.50
Unlike retail investors, the institutions take much longer before they get around to buying. But word must be out that these shares are a snip at this price. I'm surprised more people are not buying today. They may not be so cheap again!
I hold Dignity, a very large Funeral Director firm in the UK. Last week, on the 22nd April, we managed to get rid of our Exec Chairman and his board of independent colleagues! I now think the future is bright for this company as a result.
"We believe Dignity to be a good business with great potential, and as a Board are now focused on the future. We are very excited to unlock this value for the benefit of all shareholders, clients, employees and our wider stakeholders and look forward to engaging with all of these groups as we embark on delivering the strategy and vision for Dignity. Work is already underway and we will update shareholders in due course." Gary Channon
I should imagine that this company will soon catch the attention of the institutions in search of a solid, safe, cash cow. The future looks rosy. This is precisely the time to buy!!
That is a scary proposition......I assume you believe this could be done without shareholder approval.
Well maybe as a safety measure, one could invest in Pheonix Asset Management's Investment Trusts, as they would benefit considerably from such action. Based on their past performance, we could do a lot worse!
"It is for reasons similar to those that I can gross up the weighted average of Dignity’s operating profits for the past five years – about £59m – annuitise that amount and, after a bit of tweaking, find that Dignity is worth approaching £800m, or £16 per share. True, put a value on Dignity’s likely free cash flow – often a better, though more demanding measure – and the per-share value drops to about half that amount. Even so, the underlying message is clear – there is a lot of value in Dignity waiting to come out."
Dear Shareholders and other observers, I should like to draw your attention to this excellent and most encouraging article in the Investor's Chronicle dated the 22nd of April 2021 https://www.investorschronicle.co.uk/news/2021/04/22/fighting-at-funerals/ F
or your comfort and ease, I shall cut and paste, what I consider to be a crucial excerpt for your investment consideration , in my next post. This is not investment advice, I am just curious to know what my fellow investors make of its views.