Member Info for Carllapos

As much as you guys like to kick paddy and as bullish as I am on this stock long term, you’d be a fool to believe that all the risk is now removed from this stock RI still highly possible, so make sure you have funds available to subscribe just in case.

All u can say is that it has to go at some point. To get this really moving though it’s going to need to attract the interest of institutions, to do that I think is going to take some more positive trading updates. We might push on to 36P, but I think the big gains come with results. This is a “throw away the key” stock! Ha ha

Interesting.

I’ve got a 12 month target of 80p.

I’m bullish here, but perhaps not as much as you. Are you factoring in the share dilution here?

I’ll sell half to lock-in profit and let the rest roll.

A close over 41p would be bullish in my opinion and would open the road to 50p. I’ve been tracking it for ages not waiting to load up on my holding. But I won’t do so until we close over 41p. That day could be today!

I think any talk of administration is daft as they have options available to them and they’re a great profit making business under normal conditions.

But I think an RI is not only highly likely, I actually think it’s the best thing they could do for the business to stabilise it and bring confidence back
To the market. To be honest they should have done it last summer and cleared debt, the SP would be looking a lot better by now if they had.

I’m sure in a recent update they said they didn’t get a Coronavirus loan due to changes in the terms.

The issue we have is that the “potential” opening on 12th cuts things quite close to the bone. If they need to do a cap raise, this takes time. So do they risk running out of cash in the mean time in the hope that stores open from 12th April?

And even then, will there be a mad rush for greeting cards? With no big events pending and birthday parties still some time away...

I’m holding what I have, but I’m not confident enough to add yet until we get clarity on their liquidity position. Long term I’m still very bullish though.

Commonsence,

You’re right, it should be mid March. But the problem we have is that unlike last year, they’re sending schools back first this time!

Despite their frustrating reluctance to admit it, they know full well that schools are an epicentre for infection and obviously not a single one of those kids will be vaccinated! So they will want to leave a good few weeks before schools returning and any further easing to assess the damage.

It’s a worry, because I have no doubt that infections will spike when schools return, anyone who can read a graph can see what happened when schools returned in sept and how ineffective the November lockdown was with schools remaining open.

Stockopedia is brilliant, but in a fast paced market, it’s info can be laggy. sIg is a prime example of that. The reality is that it has been a sucker stock for a long time. But the stockopedia ranking won’t factor in things like recent trading updates etc. It’s a superb tool to use, but sometimes the name of the game is to find value where others haven’t yet, I believe SIG now falls into that category as it is now well funded, has a great CEO and the turn around is well and truly in progress.

Surely there is too much existing debt for a management buyout?

If this can close over 41.5p tomorrow or break 42p with volume, then I think it will run to 50p rapidly. I’ve set a buy at 42p.

Ps. My chart analysis is primitive, so don’t take anything I post as advice! Ha ha

With good results, I think 170p is feasible, especially if we close over 151p today. But I have the feeling that the results will be subdued and we may see a pull back. I’m hoping for a good run upto the results, but we shall see.

I’ve still got a sizeable holding, but so think an RI is a possibility. We really are in the hands of the government.

Either way, I would buy into the RI as I’m long here for a triple bagger.

Same as that on my end Steve.

Casual, it looks more like a general backing away from the banking sector this morning to be honest. Red across the board.

Whilst I do think an RI, I can’t see it being at a nowhere near that level of dilution. You can’t compare card’s situation to RR, not even in the same ballpark.

I’d gladly vote in favour of an RI. It will release this share. The risk has to be addressed and even when reopened, the SP will struggle without the balance sheet being addressed.

Making money isn’t a problem for card, we all know that. They just need to prove that they can manage it as well as make it. Which hasn’t been there forte in recent years.

Pfen, when you’ve been bitten so hard by a share, it’s hard to be positive. I’ve only been in card since the pandemic started and have dipped in and out accordingly and that means I’m in a decent position averaged at 37p with enough funds put aside to double my holding when the time comes. So my vantage point is different to yours.

There isn’t going to be much positivity at the moment, by the time end of March comes around Card would have been closed 6 months in the last 12!! So of course the share has taken a battering.

The financial situation isn’t great either and presents a risk at current that the market doesn’t like. They won’t breach on their covenant, it will likely be extended again given the circumstances, an RI is a genuine risk though, but I ’d vote in favour as it would remove the risk from this share and allow it to move forward. Because all the risk aside, card is a consistent money making machine that will return to profit sharpish and with the new online proposition it also has the chance to return to growth. Which could represent a 200% upside.

Sadly with your average, you’ve got a long road to break even and personally I’d be averaging down in your position. But I appreciate that can feel like throwing good money after bad.

I’m backing card 100%. However, we’ve got to bear in mind that until a further announcement is made on the covenant, there is risk attached to this stock. I’m holding funds back in case I need to Subscribe to an RI. Either way my holding will be increasing as lockdown comes to an end and I shall probably run a contract too, as I think the upside is huge once the risk has been managed.