Member Info for RoxburyHouse

PassRenti it’s not for me to give you any financial advice because apart from the fact we are complete strangers we as PI’s are completely in the dark to what on earth is going on within the Company BUT the CARDS chairman isn’t and he has just purchased over £100,000 worth of these shares!

Personally I didn’t need his purchase to keep me invested but surely that must mean something?

If you’re tempted to sell/trim remember the words Buffett used in his year-end report quoted from Lynch’s One Up On Wall Street.
"Selling your winners and holding your losers is like cutting the flowers and watering the weeds."

Patience that is that is needed here IMO.

No Smorty I did add it to my watchlist and liked what I saw but it’s too short notice for me because I’m an “all in” kind of person. I don’t do balanced portfolios and spread my risk. (I know I should do but just don’t)

The problem with a tip is that yes I could maybe put 5 or 10 grand on it but when (if) it doubles then I end up cheesed off wishing i had put more on.

Rather go all in on medium risk companies like CARD, WRKS, SAGA

But thanks and Well done! I will monitor it over the next couple of months.

Same here Carlost.

"Looking ahead, we have a fantastic range of products for our customers this Christmas with initial demand for them already very strong. We are cautiously optimistic about prospects for our peak sales season and our ability to trade through the ongoing supply chain challenges faced by the majority of our sector.

"As we celebrate our 40th year, I am proud of the business that The Works has become and of our colleagues who work incredibly hard to delight our customers and support one another."

Interim results notification

The interim results for H1 FY22 and an update on Christmas trading will be announced on Friday, 21 January 2022.”

C’mon Works you can do this!

Either the £30m “profit warning” was added purely to hold the share price back so the Chairman could buy at a discount or it was an accident and he bought to counteract the current Shorts.

We will never know but what we do know is that long term it really doesn’t matter.

The shops are open and CARDS future from what I can see is bright.

Long and Strong.

60p+ this tomorrow after the results.

I’m placing my reputation on it! (again) ha ha

They do say that the biggest gains are to be made on the quietest discussion boards - look at SHOE.

Well, if you two are keeping them then I really should sell! Ha ha only joking.

Shipping costs seems to be a problem for any Company that imports goods (from China) but since me make nothing here anymore in the Uk it’s a constant for everyone do costs will rise and affect everyone at the same rate.

It doesn’t seem to have any effect on SHOE?

Good luck for Friday and for what it is worth I’m keeping mine also.

Quick question lads.

Sell some just before the results or like Card hang on until they are announced this Friday am.

Can you let me know what you are both doing please so I can do the opposite! Ha ha

Lots of unanswered questions in that last RNS and i have had a thought.

Over on VAL the shareholders got the BOD to answer shareholder questions once a month.

Yes yes I know they have a lot more pressing things to do like run the business but I’m wondering if we can do something similar here with CARD?

Here is the plan…

I’m going to create a regular ‘ask a question to the Bod’ thread. Ask whatever you want. I will then once a month email the message directly.

Try to keep your question short and to the point.

Duplicate questions are fine because before I submit the final draft I will edit it and get everyone’s approval.

Ok?

Fire away.

MoonPiggy! Ha ha

Hey Wiscos I wonder if that’s available?

MoonPiggy.com like it.

CVB123 with the greatest respect, they haven’t ‘just disclosed’ £30m of anything.

The biggest part of that was already disclosed as per my previous post wasn’t it?

Ie
£225m to provide additional liquidity above the original £200m to strengthen Card Factory's online customer proposition and the capability and capacity to fulfil sales demand.

So £25m of the £30m is already accounted for?

Goodness only knows why the Bod felt the need to mention this again?

The problem with an RNS is that everything the Bod say is under scrutiny.

The wording wasn’t great but 25m of the £30m wasn’t new news.

Anyone who has done their research will know that Cards IT system is in desperate need of an overall.

Trading Update and Refinancing
Fri, 21st May 2021 07:00
RNS Number : 3663Z
Card Factory PLC
21 May 2021

“We have completed a refinancing with our existing commercial banking syndicate. The increased bank facilities of £225m provide additional liquidity above the original £200m it replaces”…….

……”The secured facilities provide Card Factory with the necessary financial resources to focus on its future growth strategy. This includes strengthening Card Factory's online customer proposition and the capability and capacity to fulfil sales demand.”

Trading Statement
Thu, 13th Jan 2022 07:00
RNS Number : 2665Y
Card Factory PLC
13 January 2022

“The Board expects that the combined impact of unmitigated headwinds; predominantly the increasing cost of freight but also the impact of inflation on staff costs and utilities; plus investment in headcount, IT and development of the online platform to support the delivery of the strategic plan, will add approximately £30m to the pre-Covid FY20 cost base net of mitigation.”

All hindsight of course but if they had worded this differently ie

“The Board expects that the combined impact of unmitigated headwinds; predominantly the increasing cost of freight but also the impact of inflation on staff costs and utilities should be balanced by increasing the price of our cards by 25%. “

Truth is that is what is going to happen. We are in good hands guys we really are. (IMO)

The results were actually really good IMO and as a shareholder I am happy with Cards progress to date.

I just don’t see realistically how they could have been better?

Everyone here knows (or should do) that this is one big manipulated game.

More shares were bought yesterday than sold so why the drop?

Oh it’s because ‘the Market’ decided so.

Let’s look at the figures:-

Tue Volume 860k Share Price 63p

Wed Volume 1.7m Share Price 63.5p
(Note £400,000 more buys than sells.)

Thur Volume 13.7m Share Price drops to 53.5p

£3.7m Buys vs £3.2m Sells.

From the bell the share price dropped massively taking out everyone’s stop losses and for sure made people panic sell.

All very well rehearsed and making ‘the Market’ an absolute fortune £.

Look at the Volume.

You have to embrace it and try to not have a knee jerk reaction (that is how they make their money).

I’m not bitter or even bothered tbh because I openly declared that I hedged my bet just in case this happened and have bought back a big chunk of my shares cheaper and will be buying more.

Most here will know that I have ‘secret shopped’ most Card Factory shops in the North East in the last 6 to 9 months and I really like what I see and think the share price will be £1+ this year.

Long and Strong.

Oops - I clicked on ‘Post Message’ then before I had finished typing!

The Speedo reference is to me and my swimming (but in a wetsuit!) and the ‘manipulation’ is because I sold some of my Wrks yesterday to put back into Card after the massive drop.

Anyhow.

I still have what I consider a large holding in here and although a little confused at the market reaction to Cards results yesterday believe in Wrks and think the results next Friday are going to be good.

Ha ha You do make me laugh Smorty!

You guys have got to try open water swimming , it’s amazing.

31st Dec 2019
Net debt £119m

31st Dec 2020
Net debt 87.0m
Lease liabilities of £148.0m

31st Dec 2021
- Net debt £60m
Lease liabilities £130.1m

Jedclampit
if Card goes UP and Saga goes DOWN it was a GOOD move.
If Saga goes UP and Card go DOWN it was a BAD move.

Hope this helps!

Ha ha True.

Truth is does anybody actually know what’s going on?

What’s really funny is that even though as mentioned earlier I’m over £50 grand down because of todays drop im actually quite chuffed with myself because I have managed to wangle a couple of thousand extra shares for the same £ ha ha oh and lower my average.

Win win lol

Yes Smorty 3 of those 10 grand sales were mine.

I hedged my bet by switching a chunk from Card to Wrks temporarily in case this dropped.

Jedclampit was questioning my antics the other day when I tried to explain this but hey ho we are all trying to beat the system.

Always been completely honest and transparent with my trades.

Still got a small fortune in Wrks though for next week!

And just to show I’m not a Billy Bull **** ter the following trade which won’t be shown yet is another one of mine!

18,617@0.534032

Long and Strong.

Same here usernames 50 grand ‘paper loss’ drop for me and I feel completely ok.

Obviously I would rather not have it but it was 70+ grand a couple of weeks ago so I suppose things are looking up! Ha ha