RE: SP / RNS21 Apr 2022 13:13
Afternoon Roxbury House,
The SP here has been so artificially depressed here for whatever reason that a rise of 25% to 30% off from that artificially low price is essentially not really a lot.
It is quite clear after this mornings RNS that CARD has now refinanced itself and actually looks in very good financial shape going forward and it has just bagged Valentines Day, Mothers Day and Easter Day, 3 days it missed last year due to Covid and account for about 20% of revenue.
Covid we also know is effectively tackled with vaccines and it is now a case of "living with it" so we can effectively write off any concerted restrictions or lockdowns.
This share price was 90p in the middle of Covid and with shops closed or regional and national lockdowns and all the financial uncertainty that brings.
Imho it is showing that it has resiliently weathered the storm and now we can hopefully climb back to the 175p levels it was prior to Covid. It hasn't equity raised, has just ruled out the need for that today also, so no real reason why not over the course of time.
Hopefully others and an institution or two now start to realise the same.
Imho