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On the eve of tomorrow's preliminary results you have to say that expectations appear to be somewhat mooted.
So will be get an SP boost on publication tomorrow or will we get a drop? Place your bets.
I have been invested here for 4 years now and I suspect patience is starting to run out with some/many shareholders. The language and tone of the RNS will be of particular importance tomorrow.
Indeed JJ, and many will be focusing on the dividend in the end of year results, which may hold the SP back for a while longer. Anyone know what the SP is now set at for Machin's bonus?
I wouldn't call 1p a share a fantastic dividend, but I'll take it (whenever it arrives in my HL account).
However, the wife's sharesave scheme matures on 1st Feb and we maxxed out to buy shares at 82p. Unlike many, we won't be offloading shares anytime soon though.
It's the pessimistic forecasts for 2024 in the trading updates that too many are focusing on, and CARD have previous for downplaying excellent results. Looking back I'd say retail did far better than many predicted in 2023, and it wouldn't surprise me if 2024 is similar.
Let's be honest, the high street retail sector continues to get a bad press, which I suspect is one reason why the CARD sp isn't where we think it probably should be. Perhaps MOON is immune from this, as they're not on the high street?
Anyway, +3 years in and I'm a content to keep holding my CARD shares (and my teenage son's holding too). We will get to our personal target of 150p, and beyond (and before he takes control of his Junior ISA in 2025).
With the good news mostly already out in the public domain, much is already priced into the SP, so tomorrow could yet end up to be a damp squib with the likely stampede of profit takers.
Hopefully after tomorrow's dust has settled CARD will push onwards and upwards as we know more about future plans.
The bounces appear to be getting smaller though.