If they can get back to 2016 margins then profit would be 110m !!
Plenty of scope for efficiencies and very impressive sales growth since then. |
Amt..buy shoe. Sorry to put the boot in |
BH. Peter foot. |
I am going to be really fed up if this doesn't recover today having forked out a great deal at 97p yesterday.
This was on a pe of 20 at 4 quid a few years ago, 2016, on lower turnover although 30% higher profits.
Surely plenty of scope to increase margins to where they were with the competition going away and online less appealing. |
Yes you couldn't make it up could you! There was another director there with a similarly amusing name but his name escapes me. |
Great name for a Director of Shoe Zone Terry Boot |
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. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
