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I agree. It was in reference to a comment they made on another forum, hence the quote mark (at least the username seems to be the similar) . Was just calling them out on their conflicting statements.
Moonpig is reportedly expected to be listed as early as next week with a £1 billion listing according to the Telegraph.
I wonder what impact this might have on CARD. Profits have been less than card, albeit when card were fully functional (so ignoring the last year), but I suppose it's priced on supposed growth.
Let's provide the full quote shall we:
"Mr Sunak’s surprise announcement was a £4bn "levelling up" fund to improve infrastructure and physical environment in England’s cities and towns.
The chancellor told MPs it will fund “what people want and places need”, adding that “the most powerful barometer of economic success is the change people see and the pride they feel in the places they call home”.
This fund will support “high value local projects” up to £20m that come with the backing of local MPs and must be delivered in this parliament. Full details of the levelling up fund, which will “drive growth and regeneration”, will be published in the new year."
So this fund may provide up to 20M. A far cry from the amount we need, but every little will help. I think the more key part of the announcement is this:
" The chancellor also confirmed plans for a National Infrastructure Bank to channel £600bn into capital projects over the next five years, half of which is to be privately financed.
Details of the new lender will be revealed in the spring but it will have a remit to help deliver the UK’s commitment to reach net zero carbon dioxide emissions by 2050 and provide funding for projects across the UK. It will co-invest alongside private investors through a mix of loans and guarantees as well as taking equity stakes in projects."
We are far more likely to be fully funded via this route. This seems quite promising, but it will be interesting to see how much equity the lender will plan to take in return.
This second lockdown isn't going to do the card factory share price any favours if it goes ahead. If you strongly believe they will survive in the long term, you may be able to pick up a bargain. It will be a long recovery ahead though - they've acted far too slowly getting their online system up and running robustly with the appropriate awareness.
All the fighting on this board aside, it appears there was enough fear in the market with the advent of the second wave of COVID to bring the price down to 32p. Yes in the long term the SP will be up, but there's little point in trying to predict it in the short term.
I think marketing will be better timed when their app comes out and they've rolled out click and collect. Nobody will be able to ignore Card factory then and the costs for marketing will give the best return then. Otherwise fully agreed.
With a transaction decline of 30%, you would need an increase in basket value of 43% to keep things even. The increase in basket value is probably down to people aiming to making fewer trips. Sounds like over the last 4 weeks the sales are returning to more normal levels.
It doesn't make for great reading. But I think given the current situation, they've done incredibly well. There's nothing new in this statement in a way. It does disappoint me though that they didn't think to report the figures as a quarterly figure as we can then see clearly the impact covid had and the true extent of their recovery. Instead they chose to lump all the figures into one half.
Agree. Also I think there's been a general slide down due to a lack of interest, to try entice some buyers.
Hoping there'll be some update on their transformation plans too as a profit alone will not be enough to entice investors as profits have been decreasing for a good while. They need to look at reversing that trend. As many have mentioned, they need to be increasing awareness of their online offering as it's already so much cheaper than the competitors, but people just aren't aware.
There is a trading update tomorrow at 10.30.
There's nowhere enough liquidity for any price movements at the moment to mean anything solid, look at the volume. Barely any interest in this share, it's like it's been completely forgotten. Hoping for that to change in the near future.
No idea why it keeps heading down. I think the interest just isn't there and it's been overlooked. I suppose the CEO not being appointed doesn't help either.
If I'm honest I don't understand the drop in January either still. It mentioned in their trading statement that there would be a £5M-£10M impact to adjusted underlying EBIDTA the following year, but I think the market took it as what they believe the actual EBIDTA will be, rather than reduced by £10M. I feel like this misconception has carried on since and has not been helped by COVID. Were it not for the COVID situation, I would have expected around £60M in profits. Now I expect about £30M in the Jan statement, which would put the share price at about 100p at a forward 10x P/E with a recovery to £60M the year after and a share price of 200p. I'm hoping the market will react faster though as this should be considered a growth stock now and should be warranted a much higher P/E ratio.
The share price is based on future growth and they have stated net profit is likely to be £130-£150M, just an explanation for the current share price. It's up to you how you choose to look at that. The previous share price reflected previous earnings when the one you refer to came out, but it is now looking forward based on more current information.
They had high one off costs, due to building a new warehouse. Without this their results would have been around 100M. The warehouse should allow them to increase their growth too, so the current share price is pricing this in. I would say the level of growth isn't maybe high enough to justify the P/E but there's possibly an element of speculation that people will continue to shift to online with the current situation.