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Hi Pandafund it was yahoo finance. If you key in major shareholders Card Factory you can check my numbers.
There are 51 Institutional holders of Card Factory shares making up 61.36% of the shares.
There is also 13.05% of the shares held by insiders , making a total of 74.41% of the shares available , or 254.5 million shares. Do these numbers not prove how sound this business is?
Only 7 more trading days before the results. I slurped up 5000 today one trade out of a total of 122 trades. The Shops have been open fully now for an entire year, so there is absolutely no reason at all why the numbers are not going to be impressive. The local shop was doing okay today as well.
They sold another 300,000 shares I meant, ha ha I live in the World where you buy some shares to invest, not to borrow everybody else's shares to sell off so I did not type it properly.
Lombard can not buy back 4.82 million shares on thin trading days which will continue I think until Friday the 29th of April, which is the last trading day before the results come out on May 3rd. So this what they did IMO they bought another 300,000 shares when the price got toward 48p in an effort to hold the price down. If they hold until the 3rd May the price will go up. So there will be a lot of activity up until 29th April. Because the short is currently at a profit of around 8p to 11p so if the shares rise to between 55p & 58p the short seller will lose all their gains. So I believe it is currently the best time to Slurp up some cheap shares within the next 9 trading days. Where there will be lot of volatility in the SP.
I have been thinking all day about this short position by Lombard they have sold 1.41 of the business that they do not own amounting to 4.82 million shares. Now we might think that they know something that we don't ? Maybe they have access to some numbers?
Well I think that they didn't or don't have access to the numbers coming out on the 3rd May (World Laughter Day). For these reasons.
(1) If anyone had access to results before we all see them they would remortgage their houses to buy some more shares.
(2) They have based their short position on the profit warning in January. Or presuming at that time that retail sales are down because all the shops were closed .
(3) There outlook is that there will be another profit warning on ( World Laughter day) and they are going be Quids in.
(4) Well when ( World Laughter day 3rd May) arrives, we the share holders will have the last laugh be asured.
Hi it is "Word Laughter day"
By way of a summery , there is nobody desperate to part with their shares on here, because they are confident that the results are going to far better than the last ones. I am so pleased that I am not 4.5 Million shares short at Card Factory. You can tell by the chat stream on this forum that nobody is feeling that this is risky! To be quite honest this business is improving so much, especially with Darcy at the helm.
Today's trades 301,243 bought 278,805 sold . Lombard are stuck with these shares which they desperately need to buy the shares back to close the short, they need to buy 4.5 Million shares at todays price which will cost 2.1 million pounds. But and this a big but, how can any broker for this Company, looking at the averages over the last weeks take a buy order for 4.5 million shares. So it looks like Lombard are up the creek without a paddle, have a nice evening. Harry
All the shops are open and doing well. They are running the business better now than they did before the pandemic. While selling a lot more gift type items including things that someone might like in addition to a Card, If anything the business has improved substantially offering a wider choice, these items are what catches the Eye when you are in the Shop. People like to wander round the Shops and pick things that somebody might like. So if the shares were 90p before Covid the shares are now worth £1.25 to £2.00 may I wish all the investors in Card Factory to enjoy the celebration when we make lots of money. Regards Harry
I think the UT today will be a buy for a change hopefully.
Here they are.
Yeah well we are oiledup and ready for them this time my friend good evening.
There does not seem to be any negative comments tonight from the doom spreaders ha ha perhaps they have ran to the hills. Or is it because they knew they were wrong ? We will see.
I have a bench mark minimum, because if this share goes up and you are out you might miss out big style, but I always keep some powder available in case of a swing either way, I do believe we are not as thick as some posters think we are !!!
Quite right we ride the tide, the Institutions are going to miss this Ship, they don't want to miss the Ship they want to be on board the Ship, so let us see these shares are going up all week good luck everybody.
The Final results are out Tuesday this is going to be up , Gold has gone up big style they have lots of Gold in reserve. Woo hoo here we go up and up.
Hi Tradehobbs
I agree entirely , this share is worth 25p but we have to be patient and see it through, don't be tempted to take a small profit ! Every sell order ruins the days trade. We are all due a big big rebound, so lets hold tight unanimously.
They are 11p when you convert them from the Ruble market price back to GBP they closed at 11.86 rubles on Friday which as I said is 11p GBP.
There is noooooo way this will open at 2.8 and go down. This will open at 2.8 go straight to 3.5 then 4.0 and settle at 3.75 then there will be an mms extended & there will be a UT at 3.5 , have a nice evening.