Member Info for gulfharbour

It's getting close but I suspect it will not breach the £1 mark, however I would be happy to be proven wrong.

Tomorrow is the last trading day before CARD goes xd, on 29th when we can expect this to drop back circa 3.6p which is the dividend payment amount, and for me it will be more interesting to see how quickly this recovers that xd drop.

Lesville, I am not normally a fan of buybacks either, but in this case I do believe they have merit for 2 reasons.

Firstly this share is imho very undervalued with a seriously low SP and PE which the bod seem uninterested in addressing.

Secondly, even a small buyback of say £10m would be a great signal to the market that the bod are keen to address the sp anomaly, while at the same time addressing the drip drip effect of the share issuances used as gifts to the bod which is annoying me.

I do agree that debt, and especially the debt increase from last year, is a bit of a red flag to the market in the current climate, but I don't believe current debt levels are a big issue as long as we are going to actively reduce debt from these levels.

It was a bit disingenuous imho that the bod stated the acquisition of the US business was funded purely from fcf, when actually the cost of the acquisition was about the same £ cost as the debt increase!

If anyone else is feeling aggrieved about the sp languishing at these levels and the lack of any apparent bod intention to address this for example increase in div or commencement of any buyback, I suggest you consider using your AGM vote as a protest by voting against reappointment of Moody, remuneration report, and the authority to allot shares.

If enough holders make that sort of protest statement, it might register with the board that they need to reconsider the current capital allocation policy.

I did the same Wiscos, selling 20% of my CARD holding last week just under 97p, then buying the same shares back today at 93p.

It is incredibly frustrating seeing the yo-yo of this share which by most metrics must be well under-valued, but it does seem to be one of those shares that can have strong upwards or downwards movements with no news, and for no apparent reason.

Assuming todays interest rate announcement drops the rate by the expected 0.25%, there should be a positive reaction from housebuilders including TW.

Sorry to see you go LWHL because in my eyes you've given some good balanced contributions to this board.

I am quite overweight on CARD and although currently in profit I have to admit that I am considering trimming my position due to the length of time this share is taking to get anywhere near what I think is short term fair value which frankly is in the 120p to 140p range.

Good luck with whatever other investments you move onto.

Hmm, post by the clown saying 70-75p prediction has disappeared.

What exactly do you base that on Seth?

Good call gate13boy.

Extra 0.25p divi announced in this afternoon RNS on top of the regular monthly 0.5p.

Total April divi 0.75p xd 17/4, paid 6/5.

Something must be up because 5.5 times average daily volume transacted already!

The main ways to utilise any excess cash are buybacks, special divi, an increase to normal divi and debt reduction.

Of those options I believe CARD already pay a fairly good normal divi, and I also don't believe current debt levels are too high (from memory last debt was circa £35m which was down from £143m at FY20 results) based on CARD being a £500m+ revenue business).

So in my view that leaves either buybacks or a special divi being most likely and, depending on the level of excess cash available, there could quite possibly be a combination of the 2.

I hold that view particularly given that a) CARD have a history of using special divis to distribute cash, and b) the current SP (which arguably does not reflect anything like the real value of the business) would be a great statement of intent from the board.

I wish they would stop pandering to Trump.

The O&G presenter keeps referring to the "Gulf of America"!

It's the Gulf of Mexico you numpty.

Sorry should have posted on BP board

My bad

Watching the webcast now, and Birrel, who is presenting the O&G strategy keeps referring to the "Gulf of America" .

Stop pandering to Trump and call it the Gulf of Mexico you numpty.

The market seems to lump CARD in with the wider retail sector even though it is a very different (cash generative and profitable) business to the sector.

Since the last update the business is arguably in a better position than it was when it hit 140p+ just a few short months ago, so I've just topped up with another purchase in my ISA this morning.

It must just be a matter of time before the market catches on to how undervalued this is, and in the meantime I'll keep taking those nice dividends.

We've only got just over 3 months till the FY results when I expect the FY targets to have been met, plus the bonus being a proper update on the Garven acquisition, US distribution agreement, and the various other UK partnerships.

SP is up to 495p now.

I wouldn't be surprised if this finished blue today!

Now that's how you do an RNS!

Very encouraging on all fronts apart from online which was slightly disappointing, however I'm sure all management focus has been on new stores, partnerships, and of course the US acquisition.

Apart from confirmation that FY profit is still on track, for me one of the most important statements was the statement expecting "mid-to-high single digit percentage increase in adjusted profit before tax in FY26".

Another bonus was the announcement of changes to NLW and employer NI amounting to £14m in FY26 vs my own rough estimate/expectation of £20m+, however they have stated their ability to offset this by efficiency, range development and most importantly (for me) pricing.

In a UK retail sector that has been decimated over the past couple of months CARD now shines like a beacon, and I will be very interested to see if the valuation gap between CARD and MOON starts to permanently close over the coming months!

From Investing.com todays volume at 3.30pm is 1.016m shares traded vs the recent average of 2.402m, so the daily total is likely to be a bit under 50% of average volume.

I have been periodically checking daily volumes on CARD and a range of about 30 other shares I'm interested and there is a fairly consistent trend since about a week before christmas that volumes have typically been between circa 30% and 50% of average volumes for each share.

Put him on filter avocet.

It makes the boards much easier to read when you can avoid all the bull

I haven't seen that 5th December UBS note myself however on the very same day CARD issued the RNS update on the Garven acquisition that also reiterated board expectations around FY financials.

If I had to choose between information from the CARD board and that of a UBS "analyst", I know whose information I would pay more attention to.

It is quite possible that the UBS note was written without visibility of either the Garven acquisition or the board reiteration of targets, but that aside I always treat broker notes with a pinch of salt anyway.