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The CARD share price trend looks brilliant to me (for the long term holder) - looks like a massive uptrend. From a fundamental analysis, I really struggle to see how this can be valued less than £1.50. That would only put us on a p/e of about 10...
Putney London store nicely busy. One other thing to mention is that we won’t have severe train strikes like list Xmas. All in, I see limited risk of a profit warning and a fair chance of raising guidance in early Jan.
I don’t think the stock is anything to really worry about. There is a structural shortage of second hand cars in the U.K. the profit warning is a kick in the teeth but I wonder if it’s a clear the deck job pending takeover. Management onside to keep their jobs? Ultimately, you have three options: sell, do nothing or buy. I have doubled down at 66p. GLA