Member Info for VeliBaba2

Revenue: USD 37.6 million, a 35% increase on USD 28.0 million the year prior
Pre-tax profit: USD 7.7 million ( up from -USD 2.6 million the year before )
Net cash: USD 26.3 million ( up from USD 17 million )

Whichever you look at these results, the company is a WINNER.

I was reading this as well this morning. Very positive. Looking forward to seeing the 2020 results tomorrow.

It is disappointing to hear DK exited. Still, they are not the only investors or analysts out there. It is still highly likely it will hit 100p and then 120p, but probably this will take a bit longer now. The SP seems to have found a strong support around 66p, which is my new top up point.

https://www.kitco.com/commentaries/2021-05-25/Copper-con.html

An interesting analysis of copper demand in the near future.

Updo, that's a very interesting article indeed. Thanks for sharing.

JPMORGAN RAISES GLENCORE PRICE TARGET TO 390 (360) PENCE - 'OVERWEIGHT'

I have bought through X-O

The Telegraph had a great article on Tinybuild with a BUY recommendation ( also in line with Berenberg Bank's BUY rating with a price target of 2.85 ). Here are a few quotes from the article:

Alex Nichiporchik, chief executive, is now worth £204m as he owns 38.2pc of a company valued at £534m. His colleague Luke Burtis owns 7.1pc, worth £38m.

Their retention of such large stakes is hugely reassuring to this column, whose belief in “following the money” extends to the actions of company bosses as well as those of outside investors. But at least one fund manager has put his clients’ money behind tinyBuild too.

“We like the computer games sector: it is bigger than film and music combined,” said Jon Hudson of Premier Miton Investors, one of the largest institutional backers of tinyBuild. Questor likes the sector too: we have scored big gains with the likes of Frontier Developments, Codemasters and Team17.

And tinyBuild takes Team17’s approach: rather than developing its own games it takes on promising titles from independent developers and helps them with funding, marketing and technical expertise.

The firm is becoming extremely profitable and cash generative, with little need to invest in fixed assets. Returns on capital are therefore extremely high; there is no dividend as shareholders stand to benefit far more if profits are retained to fund growth. When a company makes such high returns you just want it to keep reinvesting,” Mr Hudson said.

Reminds me of this scene from Braveheart :)

https://www.youtube.com/watch?v=FaF5MAY1Wow

A good article on Yahoo Finance today.

https://uk.finance.yahoo.com/news/why-d-buy-card-factory-070806691.html

They have delivered what they promised. All is going to the plan so far. I trust the process.
Great articles and publicity in the media today, including The Telegraph and The Guardian. It was reassuring to hear from Tobias that AM is not being affected by the chip shortages due to its relative small size in comparison with major manufacturers.

Exactly Roaring. And it is up over 3% in the last three days and up 4.5% in the last 7 days!

Any thoughts on how or if the current shortage in semiconductors would affect the production in Wales?

All non-essential shops have opened in Scotland today. This should increase CARD daily turnover between 5% and 10%.

Thank you for the update. So, the assumption could be correct. At least one holder is selling and, as a result, slowing down the up movement. Once this is complete ( as we saw in the past ), it should move up quickly - provided the macro conditions don't change for the worse.

Totally agree. Things will only get better for Card. The shops are opening in Scotland from next Monday also. I have a £1 target until autumn this year and I am keeping until then.

Still here ... nor going anywhere anytime soon ;)

Not at all, LL!

It hovered around 33 in Feb for about 10 days before jumping to 49.
I see it as making a strong base here. A stepping stone.

In addition, the permanent closure of 16 John Lewis stores should make a positive impact on CARD sales, too. They all had a big card / gift / party section competing with CARD, even if slightly upmarket.