Member Info for Da_Matser

User Voucher Code CARDTEN for a personalised card sent 1st Class for £1.61 A 1st class stamp is 76p.

How can MP & FP compete with that? Also, I strongly believe the new website, where you buy wrapping paper & packs of cards, etc will really take off as we approach Christmas. It's where I'm getting all mine! :)

@PFen “This may be the end...”

Utter BS mate. A business does not go bankrupt merely because it’s SP tanks. It might get bought. Is that what you meant? Cuz I’m holding if that’s the case.

Perhaps they should've held onto their short?

I maybe wrong about the short. I am just going off the "Stock Lent" RNS and subsequent Holdings RNS which seems to reverse it?

There have been some big sells recently. According to Simply Wall St, Martin Stevens (Deputy MD) shed 100k shares @ £56k on the 8th. In addition, I understand the 'wife of a director' also sold 100K shares. Does anyone know their reasons?

On the positive side, it's sent the price down to an absolute bargain. I've just topped up :)

Did these guys try to short us with 12.5m shares? See RNS from yesterday.

@Monkshood Thanks for the info on book value. Not as high as I'd hoped but well above market cap. What concerns me is with the shift from purchasing vans to leasing, the book value will only fall.

@Pokerchips I disagree. An investor is someone who studies the financial statements of a company in detail, who understand the mechanics of a business including its growth strategies and challenges. They follow the story of a company and understand it intimately. Most of all, true investment via a healthy share price helps companies generate further cash with carefully managed issuance of additional shares. It is a mutually beneficial relationship.

A speculator or trader uses chart mechanics to try to fleece his counterparts and simply feeds off the back of the share price and other less capable traders. And of course Investment Banks, Brokers and Educators all benefit from and encourage the higher trade volumes.

But I suspect you already know that.

@Pokerchirps "many people now trade the shares and get the 3.5p/yield in far less time than a 12 month div cycle of interim/final div......that all seems so... 20th Century...."

You can also lose that kind of money too acting like that. You sound like the kind of "educator" Anton Kreil warns us about. I am an investor not a speculator who got in on CARD @ 24.35p on 26/05/2020 and I shall be holding onto them with a clenched fist, thanks. When the dividend returns, I'll be laughing with thousands of these shares.

Passive income = 21st century

@northfolk No dividend in FY21 as announced by the company. DividendMax forecasts a return to 9.3p ordinary in FY22.

Yes, 14.3p including the special dividend. I cannot believe the picture has changed by that much. Even a 3.5p dividend pa would be a handsome income going forward, buying at today's price.
It's in the ISA and SIPP! ;)

Trying to amalgamate both companies accounts - I am sure I am not the only one! Tangible book value is about £610m but does anyone know if any goodwill was paid for the acquisition? Or if either company's shareholders had a windfall payment when they restructured the shares?

Price is getting very silly now ahead of the interim results on 29th.
New strategy for growth & efficiency inc more partner and international channels, new click & collect for balloon displays (balloons are the next big thing), introduction of in-store print-your-own card kiosks, single card analysis and full review of product range offerings and development of model shop, investment in new high speed printing facility, etc;
New website seeing significantly increased sales (+68.9% YOY, +120.7% for lockdown period). Personalised cards £1.79 inc 1st class postage vs Moonpig's £4.05. They just need to make the public aware!
New app under way - again to rival Moonpig who cannot compete on price;
Price increases (without impact on sales) and a dividend cut, which goes straight to the bottom line strengthening the balance sheet;
Renegotiated short-term leases for more dynamic store locations.

When the dividend returns to pre-Covid level of 9.3p that is a 26.5% yield on today's price. Every. Single. Year.

When will Mr Market get a grip?

@Monkshood Let me get this straight. You are looking to buy 10 million shares or a £10 million stake. The latter would be a third of the company.
Just checking but fair play if you are.

@WeylandYutani Maybe dfslicker has a short on.

I have just found out I own more CARD shares than Kris Lee, CFO - the only Executive Director to hold shares. Morning Star says he owns just 3,195. Here is the rundown:

Paul Moody, Chairman: 0 (that's zero)
Kris Lee, CFO: 3,195
Octavia Morley, Non-Exec: 13,333
David Stead, Non-Exec: 22,222
Roger Whiteside, Non-Exec: 22,520
Paul McCrudden, Non-Exec: 0
Nathan Lane, Non-Exec: 0
Ciaran Stone, Company Secretary: 0

These seem like incredibly low holdings to me. Should we be worried?

@Monkshood How does an increase in borrowing facility reduce net debt?
It may help with the negative cash situation I enquired about below (which nobody has answered. So the way I see it is the bank facility helps the cashflow statement but doesn’t alter the balance sheet.
The acquisition on the other hand will impact the balance sheet and possibly our dividend.

Can you elaborate please? What have I missed?

@Pokerchips You think I’m not buying every week at these levels and hoping it goes down even more?
I was just talking about the long term as -- in reply to the OP -- I have no idea WHY it’s going down, do you?

Because it’s not cool. Keep the faith and when dividends return to their previous levels, this will be £1+. I’m looking at holding for min 2 years.
IMO. DYOR.

@dfslicker Why do you insist on trolling this board - other than to talk it down so you can grab an even bigger bargain?
If you’ve nothing constructive to offer, then don’t bother posting. You really contribute nothing at all to this board.
Others have said the same to you.

Can anyone shed any light on REDD's current cash please?
The old Northgate company ran negative cash & cash equivalents in 2015, 2016, 2017 and 2019.
The old Redde company historically faired much better on cash until it was slashed in 2019.
I believe the new aggregate cash position will be significantly negative. Is this something we should be concerned about - especially under the current climate - or is it just the nature of this sector?