The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Https://www.similarweb.com/website/cardfactory.co.uk/vs/moonpig.com/#traffic - last month card factory website visits are up 12% versus moonpig up 2%. Online only a tiny % of sales (3% I think) but shows that card must be munching up the U.K. card market
Stevebet - are you joking? This has got a LONG way to run. I think the fair value is £2, which would equate to a p/e of just over 12 for next years earnings (and that is discounting any further increased forecasts).
Business is doing well and on a very solid path. Market has been assigning a very low value but perhaps it will soon believe the forecasts (which would make this one of the top 10 cheapest U.K. listed companies). Stockopedia gives TCAP a rating of 99. I will be adding. GLA
Just had a proper look at Card on stockopedia - a quality company. Trailing 12 month p/e of 5. A profit upgrade in November, together with FY25 forecasts could mean that this ends up on a forward p/e of 4 at this market cap. With the debt falling fast and all financial metrics topping the U.K. listed retailers, surely a p/e of at least 10. Some quality retailers are on a p/e of 20! In short, I would think we could double the share price in the next 3 or 4 months.
Webcast of this morning's presentation now uploaded - https://www.cardfactoryinvestors.com/investors/reports-and-presentations/year/2023
The dividend is nice to have but the most important thing is the rapidly falling debt and increased margins. I don't think that a 15% fall is because there is no immediate sight of a 2-4% dividend! The dividend will come soon enough. What an awful stock market we have at the moment.
Wow - down 15% to 95p - didn't see that coming. Must have been a lot of momentum traders on this. What were they expecting? Good management here. Easy peasy hold and probably a great level to top up at (given we are back at pre-raised guidance prices)
Disappointing to see cavendish have massively cut back on EPS forecast. VLG have snuck in a heavy profit warning. What was that malarkey about meeting ‘management expectations’. Naughty
No idea! Nice to see this moving up. Been frustrating to see us hit £3.50 post NEO farm-in and then a fall to £1.70. Should be back up to £3/4 soon enough. A second farm out (maybe later this year?) should be on improved terms. Better macro back drop too
Yep, strong results. Once the finance costs fall away, this is rated very very lowly. Will be interested to see if there are any more forward EPS broker upgrades. Easy hold here. GLA
I think the fatal issue is that management have destroyed the balance sheet. The debt will now be very hard to control as interests rates stay higher for longer. I think the Management have gambled on things going back to normal and are now getting a good spanking by Mr Market. Poor form and i’m sadly now a disappointed ex holder