Member Info for EliasJones

Pharos Energy have a Good history of returning cash to shareholders, over $500m, Pharos will be back on dividends next year imo, and at this level is potentially a very good forward yield to tuck away in the portfolio.

The fall in Pharos Energy has been overdone, was on 55p back in January, and on year is 73% down from 71p. They are producing over 12,000bopd, not a better £80m cap.

Not sure, but will have been passed in principle already by Ray and Tosca as it would never pass a GM without them, can’t see it being too ridiculous for them.

Its all depends on the price and terms which we will not know until Monday. If it was £80m fully underwritten at a fair price then its great confidence in the company and plan. ?

If its a committed huge cash injection then may be very good and give the market confidence. These institutions will not part unless they are confident of a return.

If they do raise £80m and on top of £72m net building sale, that would be around £152m. This will help pay down debt and then the yearly cost of finance associated with it and set up the transformation plan.

By the news this has been run by and approved by the large shareholders, founder and tosca own 49.5% and if they are happy and see a return then we might also be pleased.

I guess the share issue will need to go before a GM with the building sale in June and notice will be given. MMs will hold price above any placing to see the GM through firstly.

Lets see what comes Monday.

If they release the Annual Report and Transformation Plan after close I will do a company write up over the weekend and post on Stockopedia.

Profit is expected to come in £5-£10m, that puts this on a p/e of around 10. The transformation plan will be key, so far some good hints including £5.7m saving on wages, which helps the numbers. The Proposed sale of a building for £76m a huge premium to the book value by the new mgt team is a good start for these chaps.

Sub £2 (at £2 it is still only £90m cap) is good value imo.

Look at Aston Martin, good brands have huge value, at this price Ted Baker is attractive.

Surprised at no news today, it is therefore looking like it is going to be early June.

Watch out for possible merger & acquisition in this space also.

Its a good value e-commerce stock in the portfolio sub £1

Kicks ahead in the morning's then consolidates, I reckon tomorrow will see the same and quickly to mid £1.9’s consolidate and Friday above £2.

The full transformation plan and report also due in May, thats tomorrow or Friday also.

As travel picks up, this will follow. ?

A pioneering e-commerce site and a global player. Profitable, and ex Expedia exec as CEO.

?Added Hostelworld down 70% on year high of £2.15. ?

?Good value sub £1, well placed on the lifting travel of travel restrictions in due course. ?

No Debt. €20m in Cash.

Ted Baker was over £3 just before lockdown, shops now set to open back 15th June.

Taken a position in Hunting 72% down on year, £1.66 from £5.68.

I expect this to recover from here over the next 12 months, in terms of servicing the O&G sector it has the key connections and premium product offering.

O&G more than ever going will want the most effective and efficient methods.

This is from the 23 March

“more details of which will be given at Ted Baker's full year results which are expected to be announced in May 2020”.

Hi Lee, this is the 26/02 one

These strategic priorities will form the basis of a broad Transformation programme at Ted Baker, the first phase of which is focussed on profitability, cost and the effective use of capital.
Further details of the Group's strategic priorities and Transformation programme will be detailed in full at Ted Baker's Full Year Results which are expected to be announced in May.

?Hi Lee, just looked at the last 2 rns and Ted B have May mentioned, 26/03, 26/02. Only 3 trading days left in May. ?

Should get interesting here with the report this week and will signal a new start under the new management team, should also give information on store re-openings.

Clear £1.60 and its off into £2 first call

New mgt team, already the building sale at £76m a huge premium to the book value has proved this new team have got it.

Lets hear more from them tomorrow or the day after.

Ted Baker should have a good week with the strategic priorities and Transformation programme will be detailed in full at Ted Baker's Full Year Results which are due Tomorrow or Thursday.

Retail now opening back 15th June and no business rates to pay.

The company have been investing in the online platform and this is now clearly proving to be a godsend, the Cardfactory.co.uk is a growing sales channel, with growth of c.25% announced at H1 from the Cardfactory.co.uk website. Full year results are due on June the 2nd 2020 and this is one element I will be looking closely at and the updated strategy update on the 28th of July, which will include maximising the gettingpersonal.co.uk avenue I am sure.

Much like the crash of 2008, retail was forced to change and this will be no different, the beauty of Card Factory going forward was the investment in the online, and the website is very easy to navigate, effective and with a personalised bespoke option which is very good to see. Following the Covid-19 lockdown we have seen significant growth in visitors, conversion and sales via the online channel. The Cardfactory.co.uk web site has delivered sales growth of 267.5% since the lock-down with Gettingpersonal.co.uk at 57.5%. In response to this increased demand, and to support social distancing, Card Factory have established a second fulfilment unit in Wakefield.

The company is also benefiting during lockdown from the agreements to sell its ‘everyday’ cards through the entire Aldi estate which have remained open and in Australia through the exclusive five-year retail supply partnership with The Reject Shop. They also have agreements to benefit sales with Matalan and three franchised outlets in new markets Gibraltar, Jersey and Guernsey. I would expect more of these type of sales agreements to materialise in the near term.

Based on the above, Card Factory (LON:CARD) is a company I was happy to add to the ISA as a value recovery play coming from a Covid-19 bashing.

Ticker code: CARD, Shares in issue: 342m, Current SP: 28p, Market Cap: £98m, 52 Wk Low: 22p, 52 Wk High: 199p