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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...
Sadly the UK is out of favour with investors everywhere - including the UK. When UK institutions advertise predominantly US funds what chance does the UK have? And the games with hedge funds and venture capitalists... Nuts!
Thinking similarly. The sp is rather silly at present - hoping for 125p by Summer. Div possible as an interim which could be July to November. The bod isn't doing much to promote it advertise which surprises me... I guess they have a cunning plan...
Lots of Algo trades driving this down. Just be patient. The idiots who regulate ours markets are clueless and witless. But this is a good company and the sp recovers very quickly when there are a few buyers around...
Low footfall always a concern bust I believe CF is established enough now as good value so shoppers get what they need when they are there ie. I expect basket size increases in most cases. With the improved placement of general tat am hoping they're keeping the money flowing in. No idea if shipping issues are affecting them but one store I visited had low stock.
Suggest we just need patience. There are plenty hiding in the shadows happy to buy any cheap shares. Dividend reinstatement and modest buyback the way forward imho. The useless British government, UK financial isolation, recession, miserable state of the country don't exactly help any UK domestic shares presently.
Maybe, just maybe, our big seller has stopped for now. They've reduced their exposure and averaged down their price so would make sense. Gradual upward movement for a while would be nice and hardly unreasonable.
They won't announce a dividend amount in April ahead of 6 month results although they may confirm dividends are restarting and a range of dividend cover within which the dividend will be paid. An interim is possible paid say Sept / Oct but it would be quite small I expect. 2p a share. Or they may wait until year end. Hopefully not! The sp is being pushed down by someone or some strategy either to get shares cheap for an aggressor or similar story. Looks from the timing as though US is involved. Announcing a dividend and reinstating dividends is the best way to counter this, and / or share buybacks.
This share / business is very undervalued and removing all debt will just make it a perfect target for Private Equity who would load it with debt, strip out cash and kill it, while getting it very cheap. I agree with the general idea of minimising debt but interest rates will probably start coming down soon and I believe reinstatement of dividend is more important if the share is to attract the attention it should be getting from institutional investors.