Card Factory Share Discussion Threads

[bbonsall] 03/5/2024 17:57

Longwell
We should easily be seeing £1.50 now, never mind 2 years!

[longwell] 03/5/2024 07:59

Very rare for me now but I have just doubled my position. I focus on income , however the dividend gave me scope to revise my investments. Easily see 1.50 within 2 years.Look at Mitie and Rr.They are both recovering now towards pre pandemic levels.

[caveater] 03/5/2024 02:52

Why are Telios selling in the first place....do they have money problems...or do they just like being contrarian disrupters....scumbags, haha

[simmsc] 03/5/2024 01:40

The final chunk from Telios could be bought by another institution as that institution will know it's oversold due to the Telios selling and that there is no more stock to be sold. Would be a very smart time to buy a cheap and large chunk.

[s34icknote] 02/5/2024 16:46

Crazy institutions !!! Cannacord just dumped on zoo !! They have no sense of direction. !! Just take advantage !

[yf23_1] 02/5/2024 16:44

WHat is wrong with British institutions, surely some could take a stake from Telios as a chunk, rather than them drip feeding the market.

[s34icknote] 02/5/2024 16:32

And claim divs on way .

[s34icknote] 02/5/2024 16:31

The only silver lining is you can top up on a home banker over the next twelve months !!! Hopefully we can invest profits from elsewhere !And this time next year rodders !!!

[iandippie] 02/5/2024 15:54

Well if it is, and if they are intent on selling their entire holding, this could be range bound for another year. It has taken them a year to reduce from around 20% to 11%.

[eeza] 02/5/2024 13:26

Teleios probably offloading a few in the background.

[casholaa] 02/5/2024 13:02

Just went past my local. Buy 3 get one free on all cards, phone app now available. They also now do click & collect.

[s34icknote] 02/5/2024 13:00

Peeps get fed up when the share underperforms. Especially when lots of other Stocks are racing !!! Card goes two steps one back !!! Value will right in end. It's a safe bet long term .In two years time with a 7 p div , no debt and all the new stores paid for !

[1224saj] 02/5/2024 12:47

Hope so. One asks oneself, what do British companies have to do to put more value on their company. This is pure manipulation within this corrupt British market

[everton448] 02/5/2024 12:31

Heading back to the 90s it appears

[caveater] 02/5/2024 06:06

Hopefully with some exposure/promotion over the weekend word will get out of the great results and future potential of Card Factory, and the share price will pick up in the run up to ex-div date.

[fft] 01/5/2024 11:31

Makinbuks,Obviously someone who hasn't looked at the results or watched yesterday's webinar.

[makinbuks] 01/5/2024 09:21

Its a warning flag is what it is. Classic expenses on the balance sheet trick

[pireric] 01/5/2024 09:10

Thanks Magnets - that makes sense. Omron it's not M&A, it's the tech/ERP roll-out Magnets said

Eric

[everton448] 01/5/2024 07:23

From Citywire: Liberum analyst Wayne Brown added that a valuation of current year 2024 price to earnings ratio of 7.1 times and embedded value to [pre-tax profits] of 3.6 times remains far too cheap'.

[aishah] 01/5/2024 07:17

Card Factory boss Darcy Willson-Rymer is gunning for another year of growth as the business looks to expand its product ranges, partnerships, and store estate.

The greetings card retailer today unveiled a 25% jump in pre-tax profits to £65.6m over its last year, which the retail boss says came despite customers still feeling the pinch.

“We’re hearing two main things from customers: the first one is that the financial pinch is still here and they’re still having to make trade-offs on how they spend their money,” he says. “[They are] also telling us that they want to continue to celebrate, those special moments that stand still important to them.”

Willson-Ryman credits its expansion of product ranges for driving growth and plans to ramp that up further in the year ahead.

“We should continue to see new ranges in store,” he says. “We relaunched humour about a month ago and our general range relaunches this month as well as new stationery and new gifting opportunities.”;

“We’ve invested in some regionality – we’re seeing good growth in regional captions. We’re also seeing some expansion in other celebrations so things like Diwali, Eid, and ‘thank you teacher’ are all growing.”

Card Factory’s investment into products is partnered with it reconfiguring shop layouts to cater for the new ranges and “allocating more space to gifted celebration essentials”, which Willson-Rymer said is “gaining traction”.

The greetings card specialist will also continue its store expansion building on its 26 net openings last year as it targets 90 net stores by its 2027 financial year.

Card Factory’s partnerships pay off:
Partnerships are another key growth avenue for Card Factory, with its current agreements contributing £17m in sales.

This includes £10.7m from its acquisition of SA Greetings in South Africa and the rest from a franchise agreement with Liwa Trading Enterprises in the Middle East and its concessions inside Matalan.

Speaking on the Matalan tie-up, Willson-Ryman says: “The partnership’s going well. We’re in all 223 stores and we got all that in before Christmas so really pleased with that.

“We will continue to work with all of our partners to see on how we can continue to optimise our range and continue to get things right for the customer.”

He says that Card Factory is in conversations about further partnerships, but declined to comment whether they would be UK-based or overseas.

Courtesy of Retail Gazette

[omron] 30/4/2024 18:34

Intangible capex likely to be purchased good will on SA acquisition - difference between price paid and fair value of net assets. Not worth getting excited about.

[bountyhunter] 30/4/2024 18:29

It's very significant that dividend payments have been resumed as announced today, with the last being a special of 5p in Sept. 2019. In fact specials were a regular thing until the pandemic. I've added a DIVIS link top right in the header and the latest dividend amount and dates to the end of the header.

[magnets] 30/4/2024 17:51

"Capex investment in FY24 of £27.8 million (FY23: £18.2 million) continued to drive positive progress on strategic delivery, including the completion of Phase 2 ERP implementation, our store evolution programme, and online platform development."

Stores, ERP and tech

[pireric] 30/4/2024 17:26

Anyone aware of what the intangible capex is going on? That was £9m over the last 2 financial years and is far outpacing its associated amortisation charge, so FCF/profit conversion is not great

Any idea if this is something that brokers expect to continue/shrink?

Without that falling back, that's a material drag on FCF, which was £27m last year, and doesn't look particularly attractive vs. the market cap of £370m+.

Eric

[casholaa] 30/4/2024 15:30

It won't break a sweat hopping to 120p.