Clinton Cards Share Discussion Threads

[hoper2] 19/10/2009 11:59

I might be a little optimistic with my view on CC, but I think Numis are being very conservative in theirs. With their estimate they are virtually ignoring the improvement in current trading. I have a feeling they will be upping their estimates after the Nov and Jan trading updates.

[wjccghcc] 19/10/2009 08:20

New Numis forecast of 4.7p EPS for 2010 giving fwd PE of 9.

[s34icknote] 16/10/2009 21:30

Along way from that broker that forecast 2p price target in march !!!

[cockneyrebel] 16/10/2009 16:14

yep, I reckon you're about right there WJCC.

Still, that's an historic PE now and I suppose with the monkey off their back they can be expected to do a lot better than that in the coming year.

Fwd PE probably a low lower than 9 imo.

I've had a few today anyway.

CR

[wjccghcc] 16/10/2009 16:01

Bit optimistic I think hoper. Adjusted PBT excluding Birthdays was £12.9mm (see bottom of income statement) vs your £17.4mm.

Using a normalised tax rate, that gives normalised EPS of 4.4p and a PE of 9ish.

[hoper2] 16/10/2009 15:18

£10.6 million profit during a dreadful year for a retailer is a decent performance. If you take in account the £6.8 million loss at birthdays that would have been £17.4 million. Add on at least another £5 million profit for improved trading this year and 2010's profit should be at least £22.4 million. That would have CC trading at less than 4 times prospective earnings. I can see a gradual climb in the share price with spikes in Nov and Jan when they give trading updates. I might be using "rose tinted" glasses, but if anyone can tell me of a better recovery play in this sector I'd be delighted to hear it.

[davius] 16/10/2009 09:03

Adjusted Operating profit: £15.6m
Operating Profit including £13.5m Exceptionals: £27.2m

What's not to realise?

[ukinvestor220] 16/10/2009 08:59

The reported net profit before tax was GBP24.1m which includes the exceptional
profit of GBP13.5m arising on the acquisition. = 10.6m PBT which is still around pe6.6
but maybe not as exciting as it first looks ... i suppose it depends on how you think trading will go towards xmas etc. they ahve the advantage of no woolies but then there are £ stores all over the country selling cheap cards.
I like the party shops and online stores .. good ideas. reckon share price will settle down abit but still think it has some upside for a decent entry point. continue to watch

[cockneyrebel] 16/10/2009 08:34

yep, but half those profits and more are exceptionals - normal profit is less than haf that - think the punters haven't realised that perhaps

CR

[davius] 16/10/2009 08:12

PBT of £24.1m (including exceptionals), trading improving, market cap (even after recent rise) £84m.

I'm in, a sensible P/E would see these getting on for a pound.

[hoper2] 16/10/2009 07:23

Looking good to me - be amazed if we don't get a decent rise after these figures.

[hoper2] 15/10/2009 23:38

Here's hoping for a good trading update tomorrow. We all know the profits are down for last year, but with the loss making "Birthday's" stores out of the way, who knows we might get a nice little tick up. Well my fingers are crossed anyway and I seem to be one of the very few who own these shares!

[empirestate] 12/10/2009 15:39

reckon mid to high 30's pre stats not out of the question

[empirestate] 11/10/2009 20:43

should be an interesting week with stats on friday

[charmer1_23] 01/10/2009 13:22

Looking Very Strong Today :-)

[jayson26jay] 26/8/2009 11:19

i was going to comment that the weekly trend looked too predictable, but up today.

[hoper2] 08/7/2009 00:13

THE BIG FELLA - Thought about it myself, but decided this is one for the medium term. I don't disagree that it may fall to the low/mid twenties, but I doubt there are any real problems, it's just falling with the market generally.
I think this is one I'll keep until the recession is over and hopefully have a good little earner!

[the big fella] 07/7/2009 17:10

I have to admit to selling up. Looking for a retracement to low 20's (fingers crossed!)

[the big fella] 07/7/2009 17:10

I have to admit to selling up. Looking for a retracement to low 20's (fingers crossed!)

[hoper2] 01/7/2009 16:22

Well done. I looked at them from about the 12p mark, but as I often do I never got around to buying. Never mind, mustn't be greedy. Hopefully we will both make a decent profit.

[the big fella] 01/7/2009 16:12

I have 50k from a little further down. Wanted to buy 100k but could only get 50 at the time and the price moved off. Such is life.

[hoper2] 01/7/2009 16:08

I would tend to agree with you. It's a profitable company with not too much debt, none of which is due for repayment. The downside should be very limited and we could easily be looking at 40-45p in the near future. I could be talking through my pocket though, I hold 93,000 bought at just over 21p!

[the big fella] 01/7/2009 15:38

I am still here with my smallish interest. I reckon this still has some legs.

[mutleymagic] 26/6/2009 06:49

I sold out my large holding a few weeks back - now pig sick - lol always the case - MM :(