According to some sources (I don't have access) Liberum released a Buy recommendation with a target price over 170p. While they are not quite independent and have been pushing CF for ages this would be a big increased in their previous target price. Also, I believe there have been some purchases from members of the BoD.
I cannot see any reason why dividends aren't effectively accruing from 1st Feb this year. The dividend policy was mentioned a while back and the financial conditions clearly support reinstatement of the dividend. It would be odd not to mention this in the statement accompanying the year end by way of confirmation, which normally also gives brief information about the current year in progress as well.
Dividend, reducing debt, positive trading updates and adherence to growth targets with further relationships and progress towards the omnidirectional sales should encourage a PE of more that 6... Of course, we need to see how closely CF is delivering on this.
OK. Understood and accepted. Stach certainly has come and gone at suspicious times, but that doesn't necessarily mean he's doing anything wrong. Let's all just analyse this as best we can and try to be fair...
Clear sell actions every time the price perks up a little and usually mid-afternoon UK time. Quite likely an organised attempt to reduce the price and possibly our big seller continuing. Likely to run out of steam soon as we get closer to the results. An obvious attempt to make lots of PIs sell as soon as we see 98p or whatever. Fair price for this company is at least 130p based on results and expected growth with an easy argument for 150p or more. Keep the faith!
Hello Stach, agree with you. Bought 22000 the other day to add to my substantial investment in Card. Thought this would fly in January but it didn't. Some games of course... But it will fly sooner or later. Hoping for a nice rise leading to the results at end April. Obviously we're all awaiting dividend news. Hard to see turnover and profit not doing well what with extending product lines, improved online product, more stores, better systems, decent staff morale and management, more relationships and global reach, and a great and simple core product with lower costs than most competitors.
Did see a card factory ad on YouTube a few days before Mothers Day. Wasn't great - wasn't terrible. I guess they're spending on system improvements, websites and store refits. Maybe time to advertise after that...