Member Info for RoxburyHouse

Simes c’mon let it go mate.

Be happy for us - just for one day.

There’s nothing wrong with being wrong.

Card have got a brilliant future and this is just the beginning.

Morning Jedclampit if the results are “as expected” then we already they are good.

FY21 (31st January 2021).?1016 Stores.
Revenue £285.1m.
EBITDA £47.0m??LOSS before tax £16.4m.
?Lease by liabilities of £144.9m.
Deferred Rent+Vat £35.0m.
Net debt £107.7m.

??FY22 (31st January 2022)?EXPECTED:-?
Revenue £360.0m+ ?
EBITDA £71.0m - £74.0m.
Profit before tax £7.0m - £10.0m.
Lease liabilities £130.1m.
Deferred Rent £7.0m.
Deferred Vat 0m.
?Net debt £60m.

Remember that the shops were in lockdown for 10 weeks during this period and other restrictions.

The share price was 90p+ when the dilution threat was announced so taking into account that there will be no more lockdowns combined with increased freight/energy costs and Russia a fair price IMO has got to be 70p+

Well, what a nice surprise!

Lombards average is mid 50’s so they haven’t been burnt yet.

Really good news and as a long term holder so relieved I managed to rebuy all my Isas back on Tuesday afternoon (stevebt that was why the trades were going to negotiated but I couldn’t say anything!)

Well done guys.

Hi PH
Check your option “Thread View” and “Message view” above (top right).

I’m trying to keep quiet here because I would like the share price to dip because I am still waiting to buy my kids isa shares back!

The report is based on the 6 months results prior to July 31st 2021.

10 of those 26 weeks the shops were locked down so on face value the results were terrible.

Long and strong.

All good here.

Just noticed on the Card Factory Website that they are promoting the 3rd of May (results day) as ‘World Laughter Day’ to Celebrate one of life’s moments.

Think it’s a message? Ha ha

Lombards average for this short is currently in the high 50’s so they are currently sitting in a large paper profit.

Remember when the share price was in the 60’s and we were all wondering what they were upto? Seems they knew exactly what they were doing.

We already know the results upto Dec 31st 2021 and they were good and my understanding is that these next results (FY22) will include Jan 2022 which is a quiet month anyway so I’m not expecting fireworks either way.

Lombard increased their short a couple of days ago (12th April) by 0.09% to 1.41% ?

Hi PI oh I’m not the right person to ask but my take on your question is yes that would be ok.
Get as much as you can into an Isa so txfer 20 grand if you can.
I have Isas for both my kids and my wife so each year move 80 grand across.

Hi Stevebt this was a managed service that interactive investor (ii) offer so totally out of my control. I have to go through the same process now for my son/daughter and wife but this time with the Halifax but they don’t offer the bed & isa so it’s a real pain.

Can go either way of course but invariably we always lose out.

Took almost a week but my order for txfering 20 grand from my trade account to isa has just been actioned on ii.

Just over £100 costs and the loss of just over 300 shares but it will all be worthwhile (I hope!) when I save on the tax.

If you are quick you will see them both on display.

Ie

12-Apr-22 13:34:09 47.00 42,556 Sell* 47.00 47.20 20.00k O

12-Apr-22 13:34:25 47.07 42,255 Buy* 46.85 47.05 19.89k O

Yes Banbury I agree.

I have been shouting this from the rooftops for the last 12 months!

Here is the original wording from the RNS 12 months ago that dropped the share price from 90p+ to 60p+ overnight:-

“Debt pre-payments will be from 30 November 2021 through until 30 July 2022. Subject to prevailing market conditions and upon taking independent advice, the Company intends to use its best efforts to raise net equity proceeds of £70m to facilitate these prepayments. The Company is also permitted, under the terms of the facilities, to prepay £70m using funding from other subordinated sources.”

4 more payments left and my understanding (from the last trading statement) is that they have paid the bulk of the £70m off already.

Announcement must be soon?

Lombard increased their short last Friday (1st April) by 0.11% to 1.32%

So they ‘sold’ a further 376,200 shares taking their total short to 4.5m shares.

Thanks for that clarification Banbury.

The repayment of the £70m part of the debt seems to be going to plan though which gives me hope that they will be announcing soon that there is not going to be a share dilution - fingers crossed.

Ie (from above).

16 May 2021, net debt was £110m + rent deferrals of £40m.

31 Dec 2021, net debt was £60m + rent deferrals of £7m.

Hi ASR

RNS 3633Z on 21st May 2021 is just an update so will not contain everything however if you re-read the Trading Statement RNS 2665Y on 13th Jan 2022 you will see that the Bod have also reduced lease liabilities by £17.9m.

Ie

Trading Statement
Thu, 13th Jan 2022 07:00
RNS Number : 2665Y

“As a result, the Group delivered a significant reduction in net debt, with net debt at 31 December 2021 of £60m (excluding lease liabilities of £130.1m), compared to £87.0m at 31 December 2020 (excluding lease liabilities of £148.0m) and £119.0m at 31 December 2019 (excluding lease liabilities of £143.0m). During the trading period deferred rents of £14.0m and VAT of £19.0m carried over from FY21 were paid. As of 31 December 2021, £7.0m of deferred rent was outstanding.“

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

As at 16 May 2021, net debt amounted to £110m (excluding deferrals of approximately £40m).

Trading Statement
Thu, 13th Jan 2022 07:00
RNS Number : 2665Y

As at 31 Dec 2021, net debt amounted to £60m. (excluding deferrals of approximately £7m).

With the greatest respect Simes20, this doesn’t sound like a Company in trouble does it?

Simes! That made me laugh out loud.

Hope you are wrong.

I’m keeping everything crossed that the Card bod are not going to dilute the shareholders.

The closer we get to the July 31st cut off date the less likely it seems IMO but we will find out soon.

Hello Jsn,

surprisingly (and making it even more confusing?) Lombards short was opened relatively recently.

Personally I use the closing share price on that date and every time it was increased/decreased to work out their (rough) average.

Hope this helps.

From my recollection Lombards average is 56p and with a short of 1.21% that’s over 4 million shares.

Current share price 46p so they are sitting on a paper profit of over £400,000.

To close the short they would have to buy back over 4 million shares.

Putting in an order to buy that many shares would obviously drive the share price up thus reducing their profit.

Tbh I still can’t work out what they are up to?

Assuming it’s a level playing field and they know as much as us PI’s then they must be banking on some sort of dilution? and if this is the case then they are running out of time because July 31st is the cut off date.

All a mystery to me.

Long and Strong.

Finally been updated introducing ‘Apple pay’

Needs bug fixes and performance improvements desperately but this is a start.