Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I just did an online order for all my Cards for the year from the website. Call it bizarre revenge against yesterday's fall! I was quite surprised at how good and easy to use the website was.
Yep, agreed on all fronts. Staying mentally strong is key. UK retail punters like exciting, high-risk high-reward punts - like AVACTA. CARD needs some new institutional interest. Anyway, the business is in great shape and I'm very much looking forward to seeing the accounts in April and being part of this year's journey. Darcy W R should be given a good pat on the back!
What an awful day
Sadly I think CARD will now get taken over on the cheap by private equity. It's now ripe for them with a clean balance sheet and with interest rates falling. Liberum’s new fair value is £1.75. Someone could probably get a bid over the line at about £1.30. Not right but that’s what happens in shyyty markets. Anyway I continue with CARD as my biggest position. A bad day and hit to the portfolio. Will be having a couple of glasses of scotch this eve.
It’s 175! 80% higher than current SP. https://x.com/trendz_lse/status/1747242755808518210?s=46
Comical share price reaction! Pretty relaxed. Value will eventually show. Not many other listed companies in the U.K. with a pretty much clean balance sheet and CARD’s valuation.
Some of the £50m profit will be spent of dividend and some held back as cash reserve IMO but yes debt will be negligible.
BTW CARD’s updates are so good, so detailed. No room for uncertainty. Other companies should take note!
Ok track for £517m annual revenue? £47-50m profit. Balance sheet will look glorious in the final accounts, with debt falling massively. Strong operational performance across the board. Strong outlook. A p/e of 7.5 is still looking far too cheap for what is now looking like a real quality company, generating massive amounts of cash at great margins. Online recovering well too. Delighted with the update.
Webiste - https://www.gmthkt.com/