Card Factory Share Discussion Threads

[rumobejo] 08/6/2020 11:28

there is a buyer around the 50's, still filling...

[lastchance23] 08/6/2020 09:42

You only have to look at the cards sent to captain tom to know there's plenty of life in the card business

We will all chip in to buy the shorters a condolence card...

[rumobejo] 08/6/2020 08:48

60's cominggggggggggggggggggggggggggg

[ammu12] 07/6/2020 13:32

Coronavirus: Oxford scientists working on COVID-19 vaccine 'near breakthrough' on antibody treatment

[1choip] 07/6/2020 11:12

100p as suggested by Liberum Capital. Last time they made correct prediction.

[jagzoil] 06/6/2020 19:45

I agree - this stock is heading to 75p

[lastchance23] 06/6/2020 19:38

>> Mallorca - I agree you need to take your medicine, just hedge your short, afraid resistance now so you won't spook the longs.

As per previous comment, the company is saving 2m a month on debt interest, the online is offsetting offline, and they have cut a 10% dividend to 2021, together with a revolving credit facility to 2023 and supportive gov furlow scheme until at least end September.

Cut your losses Mallorca, or hedge your bet, a global strategy for the online could transform the business, too much upside at the moment.

[jagzoil] 06/6/2020 18:49

Just up you absolute tool - the company has been trading online! Shops opening on 15th June! What are you talking about you twit! They have plenty of cash and funding facility! Fool

[1choip] 06/6/2020 15:44

Current issues are temporary. After that, people will move on and business as usual. Must admit business need to be reviewed in maximising EBITDA.

[ammu12] 06/6/2020 15:12

As I said we should get RNS next week to find out who the new buyer is. 13% exchanged hands and share price hardly moved so can't be just pi. Holding rns Monday/ Tuesday is my guess...

[wiseman1967] 06/6/2020 14:55

As you say Ammu we will find out who bought Invesco's 13.3% stake early next week. My money is on either Teleios or Aberforth - if it is either of those they will become the largest shareholder with with 27% or 20%. Teleios is described as an activist shareholder (and appointed a new director onto the board in April). Hold on to your hats...and Mallorca - may be time to take your medicine close your short.

[ammu12] 06/6/2020 14:39

Investco sold a shares due to the fund manager leaving the company. They sold all the shares from that particular fund not just card. Pfg was another one which rose the next day after investco selling out. There is also a new fund who has added recently and some bought the entire remaining holding of investco.Holding rns Monday/ Tuesday.

[mallorca 9] 06/6/2020 13:17

Also from the RNS ….

Annual lease costs circa £4m per year.
Interest on loans circa £4m per year

Cash only £5.5m !!!

If they can't get a placing away then this goes bust quickly.

[mallorca 9] 06/6/2020 12:12

I guess that is why its biggest investor .. Investco, has sold it's entire holding since the RNS release.

[mallorca 9] 06/6/2020 12:05

Just to emphasise how worrying I think the situation is for longs here …..

At the end Jan results, the leverage was 2.3 …… debt / EBIT.

The new banking covenants , which are being reviewed monthly, state that …
should the leverage reach 3, then the Company must attempt to raise funds in the market if this is at all possible.

Given that the Company hasn't traded since March and is borrowing more and more money - and deferring payments due, then it can only be a matter of days before the Company announces that it will attempt to place new shares.

Should this placing fail, then it is curtains.

[mallorca 9] 06/6/2020 12:05

I'll copy and paste the relevant section from the RNS later.

[rumobejo] 05/6/2020 16:37

mallorcaaaaaaaaaaaaaaaaaaa, get roasted well over the weekend arsy

[lastchance23] 05/6/2020 15:36

Also regarding the 50p resistance level, I also agree on timing to buy in, but rather than wait I think im just gonna add 200 shares a couple/few times week until a base is established; if anyone else is with me this could help break off the shorters, once there's momentum then it will hopefully track again. Otherwise could be waiting for new holdings.

[lastchance23] 05/6/2020 15:32

Regarding the 10% opening comment...I imagine its just a pilot test, and others will follow depending location and footfall in quick succession. optimising furlow sensible.

[jock363636] 05/6/2020 15:28

Parrot ? squawk

[ammu12] 05/6/2020 15:27

Seller out.This should rise now

[sbb1x] 05/6/2020 15:12

Looking for 80s now seller done and dusted