Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nothing like setting yourself up to fail. More initiatives than you can shake a stick at. Everything will be ok now they have done a 'deep dive' and got a yeti. Everyone seems to forget CF are a chain of cheap card shops. Now with a tiny loss making web business (P&L for that part would be interesting). A dose of reality would be good.
I am afraid that is not realistic, it isn't Tesla with a cult following. It is a fact that sales and profits are only going one way. Just because the shares were once over £3 is no reason for them to get back there.
LorenzoLynch Hi That's ok. I bought in at 35p or so. Brilliant for you and me. The growth strategy quoted a large increase in
card market share within 3/4 years. With 20% lost already it is ridiculous to think that will happen. I am surprised that investors can be so blind to the obvious. I suppose that's what makes the world go round..
You guys should appreciate some blunt analysis. You are wrong about 20 years ago. With L for L 7% down and card mix 10% down, combined with estimated small % retail price increase, you are facing a 20% reduction in card volumes. Seems my name is quite fitting. Ignore at your peril. Every retailer with figures like those end in administration in time.
Hi. 20 years ago Card Factory was a growth story. It is a fact that it is not now, and has been in decline for quite some time. It is not often that a positive spin can be put on a 20% like for like drop in core product volumes. It's all in the results with a little analysis. I am not saying that it will not make a profit over the coming months; it will. However, there is only one way for it to go in the medium term - and it isn't pretty. The growth strategy is already proving to be ridiculous.
Forget the numbers for a moment...when a greeting card store has less than half its sales coming from cards and the customer has to navigate through literally 100s of pieces of tatt to get to the till, and then tolerate being cross questioned about if they need stamps (which are pure sales vanity rather than profit), you know the store is in terminal decline. Then looking at the numbers you realise that they are simply confirming what you know. With no chance of dividends and the decline the SP could be looking at under 20p sooner than you think.
Truly dreadful results. The decline of core product sales has massively accelerated and top line sales are just being padded out by low profit (trash) or no profit (stamps) sales, as people run the gauntlet to pay. That combined with substantial price increases on cards, means a frightening reduction in core product volume sales. Then the profit figure is artificially inflated by government handouts including furlough, rates and grants. The only conclusion is terminal accelerating decline.