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Because having a big seller stops sp from rising. Lots of buyers, but one huge seller.
Now that we no longer have a big seller. We are left with lots of buyers..
Incredible sp rose 10% yesterday despite Invesco off loading. Now they are all done...we shall see where it goes from here
Invesco have finished off loading. They are now all out.
Invest_Share101 you are giving me a migraine, mate. Relax.
I am heavily invested here as I believe there are good prospects of recovery. If store and online sales are strong for the rest of 2020 then SP will rise significantly, in my opinion. The new website launching in July, and the update due later in July will be positive I hope.
If you have news or some point of discussion do post, but posting 50 times a day ramping same old nonsense contributes nothing. As this tactic ever worked for you before in driving up the SP? I highly doubt it.
What's with all the spamming on here?
I would occasionally check on this forum for any news or discussion.
Now it has descended into just ramping and spamming.
It is unusual to see institutional investors increase their holding in any company during Covid. Most are too nervous about what is to come.
It says a lot to see an ii take a 6.66% stake in Card Factory now. This isn't Dave with his £500. 6.66% holding in the company is huge. They must have confidence in what is to come, otherwise that is a hell of a gamble.
The share price was £2 this time last year. This was before the online business really took off.
The new website for cardfactory.co.uk is launching in July 2020. Smart decision to invest in a second warehouse for online deliveries, and to launch a new website - when online business is taking off.
Doesn't achieve anything.
I am invested here not because someone on this forum told me it will be £1 tomorrow.
In the internet age, everyone can do their own research. Just a simple Google search will give you most of the information you need.
I don't think we know exact pre-Covid online sale volume. We just know it is now 300% up. So whatever it was before, it is clearly not bad news that sales are up 300%.
Hopefully the update in July will clarify the position.
I doubt many investors make investment decisions based on a headline used on internet forum posts :)
Sharehunter786 - I assume you are genuine. So I will answer politely and directly.
My interpretation of the RNS is that sales on gettingpersonal.co.uk were disappointing BEFORE Covid. Since lockdown sales on gettingpersonal.co.uk have surged 68%.
Sales on cardfactory.co.uk sales are up 302% during lockdown.
Card Factory opened a second warehouse in Wakefield specifically to help meet the huge increase online demand.
Agree or disagree?
Most companies have found SP tank in the past 5 months.
Look at British Airways (IAG): it was £6.50 in January 2020, fell to £1.65 in May 2020, and now is rising back to £2.80.
In comparison, Card Factory was £1.40 in January 2020, it dropped to 30p in May 2020, and now it is rising back to 50p.
This is why they are called 'recovery stock'. No doubt there is a risk, but there is also potentially significant upside here.
In my opinion, the biggest upside to Card Factory is the how they have managed to build a solid online business during Covid.
Since lockdown: cardfactory.co.uk sales up 302%. gettingpersonal.co.uk sales up 68%. That is why they have opened a second warehouse in Wakefield because online demand has surged.
Sales on gettingpersonal.co.uk were disappointing before Covid (that is what the RNS states). But have now surged 68% during lockdown. The key to success will be keeping the momentum.
There are some companies like Boohoo, Asos, AO.com etc who are online only and their SP have sky rocketed. There are others who are high street mainly, and they are recovering slowly. But Card Factory is best of both - online booming, and 1,000 stores gradually re-opening too. The combination of the two should provide for some solid performance over the coming months.
Finally, during recession budget shops tend to do better. Pound stores, B & M, Aldi etc thrive. Card Factory are considered a budget shop, and if finances are tough more people are likely to shop there. Just search "Card Factory" on twitter - you will see people moaning that they are having to pay £4 for a card, and saying can't wait for Card Factory to re-open.
All my opinion. Do your own research and read RNS carefully.
I was right to suggest some institutional investors may off load their existing holdings because they are getting more at 80p through the placing. Many of you shouted me down for suggesting this. BGF have done just that.
But I also admit I was wrong that this forward selling would have a material affect on sp. I thought the sp could tank if institutional investors sell big. But it has clearly made no difference at all. BGF sold 1.5m shares and sp moved not a jot. This shows the strength of the buyers willing to snap up the sells, and the small number of shares outstanding (35m now, 45m after placing). HSBC buying 1.5m shares also helped with stabilising sp before the big news today.
It seems some investors are waiting until after 28 May because they don't know what will happen once placing shares hit the market. Once that uncertainty is settled, the SP could really take off. But they might regret not getting in now, if after 28 May the price continues to go upwards (especially as news re sales and manufacturing could follow).
Just my opinion. DYOR. I have been right and wrong before....so your guess is as good as mine.
Good luck all.
P.S. Excellent RNS this morning.
;-)
SP has shown a lot of resilience - even with a big seller the price has held up well above 150p. This is before CE news and any further updates re manufacturing and sales. I must admit I’m surprised.
Maybe you are right. Who knows. I am only expressing my own opinion. Your guess is as good as mine.
So much optimism on here....its only right to inject a bit of realism.
Do your own research all and good luck!!
If you think these have been a tough few weeks, wait till you feel the impact of 10 million shares hitting you at 80p each!
28 May is when the 10m placing shares enter the market, that’s when dilution and selling for quick profit will be felt. Interesting few weeks ahead...
DYOR GLA
P.S. some of you were prematurely ****y on Friday afternoon, giving me lip
Yes, CEO posting on an Internet forum ramping like that is a big red flag! What a strange thing to do.
Someone earlier suggested the post was not genuine and was a prank by me. I assure you, my grammar is not that bad...geez my 10 year nephew could do better. Really worrying.
He describes some on this forum as “absolute nutters” and then goes on to use #benice - the irony! Would a CEO of any respectable company do that? If we used such language the forum would consider removing the comment.
And finally, he says unfortunately the company can’t make everyone happy. The company didn’t have any difficulty making the CEO happy by giving him a nice bunch of 80p shares.
I tried to stay away from this forum out of respect for genuine long term holders like technick. But this is too much...
technick, I appreciate the measured response.
If everyone could engage respectfully and sensible without ramping or deramping (or accusing others of deramping if they disagree with their view) these forums would be more informative and helpful for everyone concerned.
I will now leave you all to enjoy your day...
Also technick, as a long term holder who is committed to the company, do you not worry that some on this forum are ramping for short term profit and will walk away with their profits at some point?