Omron, for sure. I'm not sure how much of a history he has of picking up shares on the open market but I'm just going to keep picking up shares.
I think they're being conservative but giving a specific figure to guide on for growth next year, but it's going to be doing a minimum of £70m PBT next year imo, maybe 75-80 depending on how fast the US stuff gathers pace.
It was great to see that, despite Garven's contribution being small, it was positive, likewise with Garlana. |
Just a light-hearted diversion with both being budget retailers. Back to Card, today's TU has clearly put CF on a firmer footing going forwards. |
Is this the new SHOE thread? |
Yes Shoe took a kicking on it's profit warning but that was a while ago now. Their finance director Terry Boot should have improved things by now and something must be going on for the price to take such a step up this afternoon :) |
Hi JulietZed - I would have thought that Brett Blundy would be looking at this again - company performance ahead of where he bought in but the share price is lower. Even more of a bargain than when he took out Teleios. Especially so if an institution or two are looking to exit. |
Very good Bountyhunter, I don't understand uplift in Shoe after it's massive profit warning. Anyway on the cards that our company here has a much brighter future than a company that has recently lost its footing.
I just hope I have played my cards right or I won't have a leg to stand on |
I agree about sending cards online having lost the novelty, I received just the one of those this year accompanied by an apology! |
Slightly off topic but as someone said on the Shoe thread something's afoot with Shoe this afternoon! I had assumed that Shoe was encouraged by the positive Card TU but it could be something else.👣 |
Indeed, if it's going to stay low, then stay here, please, at least until the end of the month. The price doesn't change the fact that this business is doing very well. Eventually, it will be valued fairly but all you can do is take advantage of the discount while it persists. |
We will just have to be patient |
Bloody ridiculous, bloody frustrating!!! |
At this rate it is a pity CARD didn’t issue a profits warning. It might have gone up 20p then!! |
Might have to pen an email asking for buybacks to the management, too. Getting around a 20% profit return on each share at this price. Madness. |
Just buying more, but this price is getting beyond ridiculous. I hate to be paranoid, but either you've got someone trading out large sums or plainly manipulating it. Strange how the same thing happened pre-notice too.
Maybe someone should nudge the FCA, but then you could say that about a lot of things ;)
Manipulation? |
Even more bizarre. Shoe had a disastrous trading update recently and has a pe of over 8 while Card is going from strength to strength with an 8% yield and pe of 5.5 |
I hope you are right BH, I have been waiting for that for the past two years! |
Thats mr market for you |
Meanwhile SHOE is picking up on no update. The LSE sometimes defies belief but value should come through in the end. |
 It helps people like me find the CARD forum on ADVFN.... Premium Beeks :-)
You should see how mad the BOO thread has been in the past. There are always multiple threads about. Abit of a free for all here at times.
But this price move is horrendous. I posted on this yesterday and tried a trade this morning. Mentioned needing follow through and I bailed because there was no follow through. You just don't get it. It has pretty much done what it did last time.
You get the relief mark up on the trading being in line, then a pop higher with buying and then the sellers and shorts come in and close off the price points to drag it lower. Last time it was 102p and this time they began at 98p..knock...knock...knock...fail...market realises and then sellers just gradually wore all Bulls down.
So well done to any nimble traders.
But this is the market (okay there is a 500% mover i can see and nipped in and out of...but that is not normal) and it is hard to fight that. You just get steam rollered or nothing happens in most. Traders naturally trade into some bounces out there on relief updates.
But at CARD it looks like a big clear out is needed so watching for any form of enthusiasm from buyers.
But this is dire when you have the rating this low and it gets sold into like this. Almost going flat from being 10% up.
Ay ay ay
All imo
DYOR |
The market never recognises the positives here. After having the fear of not meeting expectations this year removed I suspect it is now fretting about not being able to cover the £14 million extra costs next year?
Bloody frustrating to see such drastic under valuation here. |
110 by end of the week :-) |
High volume and a price that is no more than it was a couple of days ago ! Curious.I wonder where the selling pressure is coming from. A year ago there was an overhang, which when cleared led to a clear upwards rerating. Is this just small investors ? Is momentum investing (or shorting) taking over ? Hopefully, someone comes along and takes a decent stake, and in the process clears out the dead wood shareholders. |
I know, right! If we shot up to 1.50, it'd still only be on a pe of 10 for next year. It's currently trading on a forward pe of below 6 and around 6-ish for this year.
How is someone not thinking of buying this outright. |
probably finish negative today - knowing the UK FTSE.. |
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