Member Info for RoxburyHouse

This is how I see it.

Trading update and refinancing.
RNS : 1403N 28 Sept 2021

“In accordance with the terms of the agreement, the Group has made repayments of £4.8m against the £75m Term Loan and £3.2m against the CLBILS in recognition of £8.0m Government grants...”

So as of Sept 2021 the outstanding part of the debt (that was agreed to be paid before July 31st 2022) was £62m.

Two of the 9 official payments have been paid. (Nov 30th and Dec 31st 2021).

62/9 = £6.9m per month x 2 = £13.8m

So the outstanding part of the debt (that was agreed to be paid before July 31st 2022) should now be just over £48m.

I am hoping it’s actually going to be a lot less than this.

I’ve just thought of something else funny that I’d completely forgot about.

Not only have I never had the strength to sell any of my shares and txfer the £ back to my bank account but last year I remember looking for stuff to sell so I could invest (gamble) more!

I quickly put my beloved Motorhome (wife hates it anyway) on Autotrader because I was convinced some daft share I was invested in was going to double ha ha

Thankfully I saw the light and took the advert down.

We are all doomed doomed I tell you.

We are a similar age jedclampit (old) and the reason I find some of the things you say funny is because you tell it as it is - no filter, brilliant.

Apart from the odd couple of grand I also have never been able to txfer any £ back to my bank account.

The closest it’s got when I have tried is for the £ to sit in my share account for a couple of days and then I have either bought more of the same shares regardless whether they have gone up or down! Lol or others.

I’m absolutely convinced that the only way out of this is to lose everything. There isn’t any other way out.

Seriously, has anybody here actually managed to txfer anything substantial back to their bank account?

If you say yes, you are lying! Ha ha

This is so addictive.

Me and the wife were in the car the other day and I burst out laughing thinking about a comment you made when someone asked for advice and you said “whatever move you make you will regret it.” Ha ha

100% in Card with 669,784 shares @ average 60/61p and Lombard increased their short again so doubts started to creep in.

‘All in’ is a dangerous game and I love it it gives me such a buzz but it will all end tears if I become complacent.

The Works dropped at the same time as Card and as I monitored them I decided to switch about 80grands worth of Card into Wrks.

Took a loss on Card selling around the 54 to 57p range BUT bought Wrks at 49p range so it was a good swap.

The biggest problem I have atm is that I have the proceeds of a house sale sat in my bank account and it is taking all my willpower not to put it into the Stockmarket. HELP. ha ha

Morning jedclampit yes I took a loss on the Card shares that I sold below my average to buy Wrks but Wrks had dropped more so it didn’t feel so bad.

Currently about 20 grand down because of the switch so it wasn’t my best decision but I’m hoping Wrks pick up when they also announce their results in the next 2 weeks.

I’m laid in bed atm but when I get up I will show you some of my trades and you will have a laugh!

Hi ollytagg24 and Welcome.

Likewise can’t for the life of me work out what Lombard are doing. Sure if they were that switched on then they would have opened their short back in May when the share price was 90p and the possible dilution was announced?

Card was 100% my portfolio but because of Lombard I have hedged my bet and switched about 20% into Wrks and Saga.

Almost £400,000 more buys today than sells - dare I say it that Lombard have started to reduce their short?

2 days after they increased it?

Surely not?

Now that would be funny/confusing.

BBC1 On now. 9:00pm

Not Saga but the team have to sell Cruises to the public post Covid.

Check it out on BBC iplayer maybe?

Hi Beach in Short (did you see what I did there? Lol) I don’t know.

If any one of the points I listed above had came about then it would have been disastrous for Card.

They last increased their short 2 days ago (Tue 4th) when the share price was best case 60p to sell. This has increased their average (by my calculations) to around 56p.

I think usernames above has hit the nail on the head, they have messed up and are increasing their average and wouldn’t be surprised if they have increased the short again today (find out tomorrow).

I’m honestly cool with all of this because IMO whatever they do it will not stop Card this year hitting £1+

Date.2021. Share Price
Wed Nov 3rd 47.35p
Thur Nov 4th 48.60p
Fri Nov 5th 49.10p

For the 10 days prior to the above dates, the share price languished below 50p and then along came a Trading Update:-

Mon Nov 8th 2021
RNS Number : 5739R

Overall it was good (well wasn’t bad) and the share price increased to 54.6p but Lombard (IMO) picked up on the following points and on the same day declared their short.

1 “…lower transaction numbers (-20.9% on a two-year LFL basis).”
2 “…. products sourced from the Far East is subject to the widely reported supply chain delays”

It was the first week of November, CARD had just entered their busiest period of the year and lockdowns were still possible, their were ships stranded out at sea, lorry drivers/petrol shortages and Covid was still ‘rampant’ so less footfall. Possible Bank of England interest rise.

The Lombard team must have sat round their table and clapped their hands thinking this was going to be easy money.

So Lombard increased their short by 0.09% yesterday to 1.4% when the best sell price was around 60p.

0.09% x 342m shares = 307,800 shares.

So total short now is 4,788,000 @ average must be 56p now (IMO).

Doing nothing was never really an option and each time they increase their short they are increasing their average.

We as investors want to lower our average but they as shorters need to increase theirs.

Not sure what their plan is but whatever it is it most certainly isn’t lowering the share price? (Yet!)

Their short is 4.5m shares @ 55/56p average.

Each +1p is -£45,000 to them and vice versa.

64p to buy and 55.5p average means Lombards current paper loss is 8.5 x £45,000 = £382,500 Ouch.

All IMO of course and please let me know if you see this differently.

Good morning everybody.

Lombard increased their short last Wednesday by 0.11% (376.200 shares) giving a total short now of 1.31% (4.5million shares) and it had no effect on the share price whatsoever.

In fact the share price has risen daily since and as per one of my previous posts they have 3 options:-

1 Increase their short substantially.
2 Reduce their short by starting to buy back the shares thus creating a ‘short squeeze’ and driving the share price even higher.
3 Do nothing.

Currently they have chosen 3 which speaks volumes.

Providing there are no more lockdowns then they are in trouble IMO and the last news report from Boris saying he is riding this out is great news.

https://www.bbc.co.uk/news/uk-59870825

I beg to differ stevebt if i even knew where any of the senior managers of Card lived let alone knew them personally I would join their tennis club or drink in their local just to get any sort of sniff of what’s going on!

At the very least I would be collecting their bins and rifling through their ripped up letters and rubbish ha ha

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

2 weeks this Friday.

Along with CARD I have ‘secret shopped’ WRKS almost daily for the last 6 months+.

I have paid particular attention to stock levels and have seen nothing that has concerned me.

No lockdowns since reopening in April/May makes me think IMO the next set of results are going to be very good.

Dean Hoyle (the founder of CARD) recently left WRKS because of ill health. He will have lots of mates mates asking him questions about both Companies Beach but he will be wise enough to give nothing away.

This gamble sorry investment was always about potential lockdowns anyway and he is as wise as anybody else here.

Can’t see a cup or handle Beach, all I see is loads of wiggly lines!

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

CARD - Hasn’t been announced but going from previous years it’s in the 2nd week of Jan so perfect.

and….. what does he say?

Oway Beach don’t leave us hanging. Lol

Thanks Carlost - yes there’s a great spot on the first floor at the MC with Shoe Zone and The Works next door to each other and the Card Factory on the ground floor over the balcony. Perfect viewing zone. Wife often leaves me there when she goes round TKMax ha ha

Keep an eye on WRKS currently 54p vs CARD currently 61p. They often overtake each other so great to switch between.

Can’t for the life of me understand why so many people (mainly middle aged women) spend so much time in CARD but they do for a fact. Washington branch had 3 members of staff working 3 tills yesterday. What in earth are they buying?

Not complaining of course and finally in profit.

It’s going to be an interesting 2 weeks stevebt because as you know Lombard have got a short on Card to the sound of 4.5million shares @ (my guess) 55 ish pence.

To close this short they have to buy these back and each 1p above their average is £45,000 so currently they have a paper loss of somewhere between £180,000 and £200,000.

Peanuts to them of course but these guys don’t give in easily and everything they have tried so far hasn’t dropped the share price so what will they do?

Option 1 Increase the short substantially.
Option 2 Buy the shares back and take a hit?
Option 3 Do nothing?

Really wouldn’t want to be in their shoes atm because IMO they have dropped a clanger unless they really do know something we don’t?

Not long now before we find out and it doesn’t get any more exciting than this!!

Good post Beach.

Hi Wiscos not sure if you are referring to me but I’m not tipping anything! I’m simply sharing my research.

Hi simes20 nobody really knows of course and you might end up being completely right.

My gut feeling from what I have seen first hand from my secret shopping is that Card have had a great 8 months trading since they reopened in April especially their most busiest time December.

I have personally witnessed the increased basket size.

Apart from the odd daft bloke with a single card (me) the majority of their customers have been middle aged women carrying big bags of ‘stuff’.

The gamble here has always been the possibility of lockdowns and even you must now agree that they are now getting less and less likely as each day/week passes?

I know this sounds a bit sad but I have visited at least one Card Factory shop most days for the last 3 or 4 months.

I have paid particular attention to stock and how full the shelves were from cards to mugs, teddy bears, candles, balloons etc etc and helium supply.

I can honestly say that I have never seen anything that has concerned me.

But (there is always a but) because of Lombard I have hedged my bet by swinging a small chunk from here to WRKS.

Im secretly hoping that they can temporarily drop the share price but so far you must agree they are not very good are they?

I believe the results in January are going to be really good.

Lombard increased their short yesterday by 0.11% (376.200 shares) giving a total short now of 1.31% (4.5million shares).

The closing share price yesterday was 59.6p and the closing share price today as a result of their new short is 59.5p?

A difference of -0.10 (-0.17%).

I’m no expert but what in earth are they doing and who is advising them?