Member Info for Carllapos

There is no doubt in my mind that card will thrive and that this has triple bag potential, maybe more. Once social gatherings return, card will return to pre covid turnover. And the new app may help the company return to growth., which would put 150p as a potential long term target

But short term, you need to be aware of the risks. There is a slight risk of insolvency (highly unlikely in my view). But there is a real risk of a rights issue. I don’t see this as a major problem as long as you subscribe to it. But if you’re trading with CFD’s you don’t have that option. I closed my CFD on card for that reason but kept 30K shares.

Once this matter is resolved, I intend to buy in heavy as well as opening another contract., as I think it’s one of the best recovery plays left in the market.

Ha ha, I’m not sure if read into that too much just yet. You could have come to that same confusion a few times over the last year.

Looking at the chart (and I’m not the greatest at this) but I think 33p is a breakout point. If we can breakthrough there, I anticipate a run to 40p.

But then I could be talking total cr*p.

I can’t work out if this is a coincidence or whether prof is a genius!! Ha ha

I believe the future is bright. But as tempted as it is to top up at these prices, I’m going to remain static until we know what’s going on with the liquidity situation

LPD,

I much prefer these posts if yours to your relentless covid updates.

The risk needs to be removed, it’s as simple as that.

I had hoped shops would reopen by end of feb, but end of March now likely. So an RI now looks most likely, as they can’t afford to wait until end of April due to the process involved etc.

So buckle up, subscribe to the RI and then enjoy the ride from there.

I fear for what long term negative impact this sort of pump and dump would have.

once this is done and dusted, GME and AMC will be tainted and discourage investors. I agree with Wilmy that I’d much rather see organic and sustainable long term growth.

This is a share of patience, but if Francis stays on track, we’ll do just fine here.

Cash holding = about 2/3 or Mcap!.......laughable really

We need to breakout with some decent volume though, otherwise it will just crash down again like after the results.

Yep, this side of matters is incredibly frustrating and short sighted in my opinion. The sooner the new CEO starts the better!

It was all underhand. The broker house behind Robihood and 212 also happen to have bailed out one of the hedge funds for $3bn.

The only way that would have been fair would be to suspend trading at the exchange.

It was so underhand that it’s promoted a senate enquiry!

Wrote a post and it wasn’t showing, wrote it again and now both there. Typical!! Ha ha.

The market knows that card only have enough liquidity to get through to end of April. So a cash raise is looking more likely with every day that passes. App we’ve really done is defer the issue for a month.

What sort of RNS are you expecting?

In simplistic terms yes. But it’s a very complex subject and not one that I understand in full.

But, I’d the short position is big enough and enough funds jump on board, they could pretty much push down any small to medium cap stock they wanted, regardless of how well they’re performing. They then tend to spread a lot of false information to support the short call. Pure manipulation mate.

I wouldn’t worry paddy, I’ve got a list as long as my arm of shares I’ve sold too soon over the last year!

Old habits die hard and I tend to sell at 20% profit.

But, It’s also been the right move on others like card, brown and Capita. All of which bought back in cheaper, so swings and roundabouts I guess

Don’t worry too much Paddy, I’ve got a list as long as my arm that I’ve bailed out of too soon this year! Ha ha

Unfortunately old habits die hard and I have a tends to jump out at the 20% profit mark.

But on the flip side. I’ve also jumped out of shares like card and browns and caught that right and bought back in lower. Swings and roundabouts.

Covenants won’t be breached. All creditors know that card has good fundamentals and can trade well even during the pandemic, H2 results showed that.
Lockdowns are freak occurrences that’s will hopefully be a thing of the past soon!
Don’t rule out an RI though.

Greatcrest,

Because of the manipulation involved. Large funds take up big short positions, they then disclose/advertise those positions which creates momentum. With enough weight, funds could bring down the most positive of businesses regardless of how well they’re doing.

The market is also stacked in their favour. How on earth can a company like GME have a 120% short position, why are they allowed to short shares that don’t even exist!?

This practice creates a disproportionate sell volume which makes shorting a self fulfilling prophecy.
If you want to bet against a share price, this should be done with CFD’s and options alone in my opinion, as they are merely betting slips that don’t actually invoke a physical sell of a share.