UK market is veey frustrating. Low volumes, low PEs and of course stamp duty. |
There is a specific negative in the glacial decline in CARD volumes, but participation remains stable and is growing among younger demographics. The fact is that the volume decline is almost certainly related to low-value Xmas Cards, and bigger baskets are more than offsetting this. Consolidation continues to benefit card, too, as it outperforms year after year on this measure, and pricing has lead to card sales growth in every single year, from memory. Most people will still buy cards 10-15 years from now.
Significantly higher wage inflation than over the last 10-15 years, but this has been managed excellently. We will not see this kind of wage growth persist, though, so that will fade.
Online could be growing quicker, but the market is not moving online any time soon and will never be most the market imo. Lots of things go online but not all things do.
There are others, but I encourage you to DYOR. |
Like most shares then.
Record-keeping ?
I don’t think you know much about crypto and blockchains really, but you do have a great opinion of your own opinions.
Good luck with your investments. I hope you have some other than Card, which seems to occupy a lot of your attention. |
As Warren B has said, the only reason people buy bitcoin today is because they think someone else will be more excited about it tomorrow. |
It's not really the place for the discussion, but blockchain is probably going to be of some use in record-keeping, but it doesn't lend itself to efficient transactions nor can I see it being mega-profitable. It's not difficult to setup if you need it, and when it gets big, it takes huge amounts of energy. It's been around for over a decade, and there still isn't really a proper place for it anywhere. It keeps becoming something new and exciting to those who promote it and fails to be what it was going to be before.
Yes, the internet has been a massive success and in general, it is somewhat obvious, but what about the MetaVerse, 3d Printing, BigData? AI has been around for years; people just haven't been used to calling it AI. |
Are there any negatives at all? |
Probably worth learning about blockchains and the uses of crypto and ignore headlines. AI has hit the headlines, blockchains have just not been in the media. People just see rubbish about BTC.
The internet was going to die after the 1999 tech bubble. We went to sleep, so silicon valley took over. |
It sounds a bit strange, but I think it is quite an opportune moment for CARD to enter the US market in the way they do. Firstly, they will offer a much-reduced range to ig and the stuff they do offer is much more stable in terms of its demand and secondly, the acquisition establishes relationships with lots of high-end names, not small local players but there may be some on their books, and there is a weakening competitor (not just in the US market).
I also have confidence that our management will get it right, not moving too fast or slow, and will avoid mistakes as they have said they are cautious to do. I expect partnerships to be lower margins than they initially stated, but they might surprise. I think they have been doing that for a few years here. Encouraging that all the acquisitions are positive contributors from year-1 so far. Time will tell on their returns.
The question on all of our minds is probably: when will Mr Market sober up or will a group of PIs get there first? |
Sorry, missed the bit on tariffs. No doubt, they are still to come, but when I look at what happened last time and there's no advantage to blocking imports of the stuff CARD is looking at, I feel it's much more likely that tariffs won't be a risk for much else than food and components. It just doesn't make sense to me but it is an unknown, and we'll have to wait to know for sure. |
@aishah, yes, it did seem like a bit of an echo-chamber. I certainly think you are right but I didn't have trust given what I had deemed to be poor, at best, communication. It was one of many issues that were there to see, and they all came out in the update today, but it's up to others to do the research, so I didn't go into detail but I wasn't surprised.
Thank you. It's definitely a very strong business with a good future imo. :) |
Update from Edison |
@julietZed, I've read your views on that board. IGR was tipped by all and sundry - SCSW, STOCKOPEDIA and an X blogger. Shouldn't management have flagged issues earlier? Trump tariffs still to come.
You've presented your case on CARD very well; well done. |
delusion vote as well - i was burnt so many times - being rich and then rule of law stroke. and now i am poor crazy gardener
like sportingbet and party gaming. they were allowed to run into a huge industry begging to be regulated. doing nothing ilegal. they developed the tech, customer base, customers and then BANG - thank you very much. rule of law. bought customer base and the tech for pennies and off THEY go |
I agree with JZ that it's a delusion, but time will tell. At least with the Tulip Ponzi scheme you could plant what you had left! |
aishah, I looked at IGR a few weeks back and had been for months, and there were too many concerns, but my opinion was not warmly taken to on the board.
CARD looking very strong now and has a weak competitor in its main growth market. |
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