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CARD Card Factory Plc

-0.90 (-0.96%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Card Factory Plc CARD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.90 -0.96% 92.60 16:35:12
Open Price Low Price High Price Close Price Previous Close
93.50 90.80 93.50 92.60 93.50
more quote information »
Industry Sector

Card Factory CARD Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 18/6/2024 09:34 by fft
Interesting interview with Cardzone director in retail gazette this morning. They bought 163 Clinton stores to add to their 175 stores hTTps:// new owner admits business is 'worse than expected'18th June 2024The new owner of Clintons has admitted the high street chain is in a "worse state than expected" and does not forecast a return to profit until December 2025.Cardzone Group trading director James Taylor told Retail Gazette: "We weren't optimistic as to what we would find or the condition the business would be in, but we underestimated the task to turn it around."The greetings card specialist snapped up Clintons back in March, which saw its remaining 163 stores join Cardzone shops across the UK.Taylor admitted the retailer, which had 1,000 stores nationwide at its peak, was in a "worse position than what we'd anticipated" and "there's a lot of work cut out and a lot to sort".
Posted at 13/6/2024 23:43 by ggrantsu
Singers initiation note was extremely comprehensive - best I have read on Card and more information vs. Liberum and Investec. Thought the target price of 144p seemed conservative - they use comparables based multiple analysis which included B&M, WH Smith, and Moonpig. Card has much better margins than B&M and WH Smith (and marks and spencers I might add)...and revenue/EPS growth. yet it is pointed out by Singers that it trades at less than half the multiple. moonpig margins are higher but its growth outside of covid has been poor. singers points out that moonpig and card actually focus on completely different markets/demographics...their valuation in the end doesn't opt for pegging card in multiple terms with these peers, hence the 144p rather than £2 plus.

not much in the report i didn't already know; cards are a resilient product, there is a huge opp in gifting and celebrations, omnichannel opp is unique etc.

singers make a comment that partnerships, because of the group's very ambitious targets in that area, are key to the share price. i agree...and think that they have shot themselves in the foot a little bit. the targets are just so large in partnerships...why they said FY27 was the year these needed to be met, who knows? i just think that given the lack of communication on this part of the business, it may not be reached by FY27. that is a shame as all the other great stuff going on here could be totally overshadowed if they have got their time horizon for targets wrong - the market hates when internal targets aren't met and it doesn't matter how well everything else is going. even more of a shame given how the partnership stuff they are going is obviously really working e.g. the reject shop wholesale model in australia saw card get that outfit get to no.1 in cards in australian within 2 years. its very impressive.

my view still stands: this business would be best served by being bought out by PE. just feels like its perhaps one where the listed markets may never be very kind to it? either way, increasing position down at these levels. the thing that comes through in singers (and other notes) is the margin of safety on offer.
Posted at 05/6/2024 13:26 by kaos3
regarding gifts and books ....

1. in a retail consumer maxed out scenario - those lines will be hit more than cards. also they perish faster then cards. more capital allocation for stocking and logistics.
2. we can see huge overall competition in those items. including wrks experience. no leading advantage.

the mix must be kept in reasonable and conservative balance. they got big in cards and their main advantage is cards.


i like card investment a lot
Posted at 01/5/2024 07:17 by aishah
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
Posted at 30/4/2024 07:18 by leeson31
''Capital allocation policy

The Board is pleased to confirm that, following the repayment of CLBILs in September 2023 and Term Loan A at the end of January 2024, we are no longer restricted from paying dividends. Therefore, the Board has approved an updated capital allocation policy which reflects our commitment to balancing investment in driving the growth of the business and delivering cash returns to shareholders, which together should drive shareholder value.

At the AGM on 20 June 2024, the Board will recommend reinstating an ordinary dividend of 4.5p per share for FY24, which includes an amount to reflect the fact that it was not able to pay an interim dividend in the year. Pending shareholder approval, the dividend will be paid on 28 June 2024 with a record date of 31 May 2024. This is a progressive dividend policy, targeting a dividend cover of between 2x and 3x Adjusted EPS with a target Adjusted Leverage (exc. Leases) of below 1.5x throughout the financial year.''
Posted at 24/4/2024 23:31 by bbonsall
Card Factory cards are reasonably priced because they are verically integrated and produce their own cards. The quality is not cheapskate and is comparable to cards at twice the price elsewhere.
One should be proud to send cards with their name on the back because it proclaims an intelligent shopper who is discerning and not a sucker!
Posted at 24/4/2024 21:49 by haroldthegreat
I go past a card factory shop about 3 times a week. Today for he first time ever they have a sign outside saying buy 3 get one free on all cards . They often have offers 10 for a £ or 5 for a pound or 4 for a pound but these are usually on a single section of cards . I disagree with them putting Card Factory on the back of some of their cheaper offers as it shows the sender is a cheapskate buying cheap cards .

They obviously have a very high profit margin on their cards and can afford a 25% discount but this is a first !
Posted at 20/4/2024 09:56 by caveater
Is Card Factory plc (LON:CARD) Worth UK £1.0 Based On Its Intrinsic Value? (Simply Wall St)

Using 2 Stage Free Cash Flow to Equity, Card Factory fair value estimate is UK £0.76

Card Factory estimated to be 29% overvalued based on current share price of UK £0.98

The UK £1.47 analyst price target for CARD is 93% more than our estimate of fair value

Eeeeek, lets hope they have got it completely wrong !!
Posted at 19/4/2024 10:34 by aishah
Yesterday's Share Magazine piece:

Card Factory (CARD)
Share price: 94.3p
Market cap: £325 million

A single digit PE (price-to-earnings) ratio, double-digit earnings yield - the inverse of the PE ─ and a plump free cash flow yield suggest Mr. Market underappreciates the earnings power, growth potential and cash generation of Card
Factory (CARD).

The value-focused greeting card-to-party supplies retailer’s revenue has returned to above pre-pandemic levels and the business has positive momentum under chief executive Darcy Willson Rymer’s new growth strategy. Wakefield headquartered Card Factory’s value-focused product offer continues to serve it well during a cost-of-living crisis and heap pressure on arch-rival Clintons, which is heading for a
restructuring with potentially a fifth of its stores to close.

As the consumer backdrop brightens, Shares expects the group’s expanded gift offer could feel the benefit ─ at present it only has a 1.7% share of a UK gifting market worth £13.4 billion.

While the UK greetings card market in which Card Factory has the leading value and volume share is considered low-to-no growth, the birthday cards-to-balloons purveyor is cannily developing partnerships to sell through other retailers, which
currently include Aldi and Matalan in the UK and The Reject Shop in Australia.
The acquisition of SA Greetings in South Africa and a franchise deal with Liwa in the Middle East mean there is an interesting overseas growth angle too.

Back in January, Card Factory delivered yet another upgrade to its earnings guidance following strong Christmas sales across stores and online; Liberum Capital cautions that ‘when (not if) Card Factory get its online business moving, one should maybe be concerned for the likes of Moonpig Group (MOON) and Funky Pigeon’.

Results for the year to January 2024 are slated for 30 April, with the consensus pointing to a 21.5% rise in pre-tax profits to £61.4 million following a
series of upgrades. With Card Factory’s balance sheet in a much healthier position, dividends ─ which were put on pause due to Covid ─ could even be restarted
during the year to January 2025. [JC]
Posted at 17/1/2024 08:14 by monte1
UK’s biggest greetings retailer sees double-digit sales growth with single festive cards up 37%

Positive momentum has seen Cardfactory deliver double digit like-for-like sales growth to £476.9million as store revenue climbed by 7.8% in November and December.

CEO Darcy Willson-Rymer applauded the UK’s largest greeting card retailer’s “strong performance over the Christmas period” in the trading statement coving the 11 months to 31 December, 2023, which was released yesterday, 16 January,

Improvements in stock management and replenishment processes enabled the company to capitalise on “particularly strong demand in the second half of December”, as l-f-l store sales in the last two months of the year were up 7.8%.

The retailer saw strong year-on-year growth in seasonal cards, driven by an increased number of transactions and average basket value – open card sales grew by 37%, which Cardfactory said was due to the range development, the continuing To The Pet trend saw a 49% rise, and Wife captions rose by 41%.

And an expanded gift offer and introduction of key licensed ranges is credited with a 45% increase in soft toy sales, and confectionery going up by 77%, marking a combined gifts and celebrations essentials growth of 9.9% l-f-l.

The company said the 10.2% uplift in total sales to £476.9m reflects “continued momentum across the business and execution of our strategy to become the leading, omnichannel retailer in the sector”, and the store revenue’s overall 8.2% l-f-l growth was said to be driven by the value and quality proposition and “the positive impact” of the store evolution programme.

There has also been a “continued positive performance” in everyday and seasonal card ranges, with growth hitting 5.4% in the 11-month period, while there has been a “profitable contribution” from the new partnerships with Matalan and Liwa Trading Enterprises, and the recently-acquired SA Greetings arm in South Africa contributed £9.1m revenue.

Given the strength of performance in the year to date, the Cardfactory board expects to deliver full-year adjusted profit before tax, excluding one-off items, at the top of the range of market expectations – between £58.4m and £62m – and said it “remains confident in the achievement of the long-term financial and operational targets” set out at its capital markets strategy update in May 2023.

Darcy added: “We are pleased to have delivered a strong performance over the Christmas period, further demonstrating the progress we are making on our strategic growth initiatives.

“Our value and quality proposition continues to resonate with customers at a time when value for money is as important as ever. Even during challenging times, consumers want to celebrate key life moments and this was reflected in the positive performance that we saw in the Christmas trading period and throughout the year to date.”

“Colleagues across all areas of our business have worked incredibly hard to deliver an improved experience for our customers this year. As we look ahead, we remain focused on delivering against our growth strategy by helping our customers to affordably celebrate all life’s moments.

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