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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Card Factory Plc | CARD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.40 | 1.24% | 114.40 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 113.40 | 111.80 | 115.00 | 114.40 | 113.00 |
| Industry Sector |
|---|
| LEISURE GOODS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 30/04/2024 | Final | GBP | 0.045 | 30/05/2024 | 31/05/2024 | 28/06/2024 |
| 24/09/2019 | Interim | GBP | 0.029 | 07/11/2019 | 08/11/2019 | 19/12/2019 |
| 24/09/2019 | Special | GBP | 0.05 | 07/11/2019 | 08/11/2019 | 19/12/2019 |
| Top Posts |
|---|
Posted at 27/7/2024 02:28 by tudes100 CARD agreement with The Reject Shop is for 5 yrs & I think will be coming to an end early 2025, no reason it won't be extended I'd guess. There's no nationwide card chain comparable to CARD in Australia so competition fragmented across similar competition to UK (Australia Post/Post Office, independents, book stores, supermarkets, variety & discount stores - Kmart, Target, etc). Arguably a decent opportunity here given the price point that CARD can supply product for but can't think they would want to take that opportunity medium term given the focus on partnerships & the capital light benefits.Think your BB description is a bit harsh - he started Bras and things with one store and built it up over 20+ years to then sell. He's best known here for Sanity (HMV equivalent) which again he started with one store and built up to over 150 in Aus (100+ in the UK eventually). 30m pounds seems like a lot of money to me to spend to secure a distribution deal & he has previous form for buying Uk businesses (Our Price, Virgin, etc). I've put some photos of my local Reject Shop CARD concessions on X @nicotudes for anyone interested. |
Posted at 26/7/2024 12:40 by darrin1471 Hi Tudes100. So CARD supplies the Reject Shop in Aus. I first thought BB may want CARD as a supplier for Best & Less but B&L online suggests it is a clothes-only retailer. B&L has half the shops of Reject Shop.Is there a nationwide chain of card shops in Australia? 1000 CARD shops in the UK indicate Australia and New Zealand could support a chain of 500 stores History appears to show BB buying businesses on the cheap and then selling them on, like "Bras N Things" Aged 63 is he up for one more deal? He appears to be selling businesses. Is the billionaire bored with his megayacht lifestyle? |
Posted at 23/7/2024 15:03 by aishah Excerpts from recent Shares Magazine BUY at 98.9p (11 July issue)Why Card Factory is a growth and income stock worth celebrating. The value-focused cards, gifts and calendars seller has scope for expansion and has returned to the dividend list. Seeking a cash-generative retailer with underappreciated growth prospects and a low equity valuation that suggests significant re-rating potential? Then look no further than Card Factory (CARD), the value focused greeting cards-to-party supplies seller with a modest share of a large TAM (total addressable market). At the full year results in April, Card Factory announced a welcome return to the dividend list, having reduced net debt by 40% to £34.4 million in the year to January 2024. For the year to January 2025, Berenberg forecasts a rise in pre-tax profit from £62 million to £69 million as sales tick up from £511 million to £552 million, ahead of taxable profits of £75 million on £591 million turnover in full year 2026. Based on forecast earnings of 14.9p and a 4.66p dividend for this year, Card Factory’s shares trade on a single digit PE (price to earnings ratio) of just 6.6 and offer a 4.7% yield. A re-rating to just 10 times forward earnings, which seems achievable in the near term, implies a 149p share price, while Card Factory’s return to the dividend trail offers a catalyst for value and income investors to revisit the name. Canaccord Genuity says: ‘Dividends have been reinstated and strong free cash flow generation will see leverage reduce further and the group move to net cash position, paving the way for additional shareholder returns over time.’ |
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://www.retailga |
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/demographicsnot 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. imho 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 24/4/2024 23:31 by bbonsall htgCard 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 19/4/2024 10:34 by aishah Yesterday's Share Magazine piece:"CHEAP UK STOCKS - HOW TO TAKE ADVANTAGE OF A COMPELLING BUY OPPORTUNITY" 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] |
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