Card Factory Share Discussion Threads

[rumobejo] 11/6/2020 10:13

just keep showing on good market days as you gloat on down days, what a true wnkr you are!!!

[mallorca 9] 11/6/2020 09:33

Dear oh dear oh dear

what's going on !!

[lastchance23] 10/6/2020 18:50

>>stevieb2190 - another speculative assessment, you act like card is the only business under pressure, wake up and smell the coffee, if the banks and government don't prop up fundamentally profitable businesses with lots of employees then they will have a big queue at the dole office and riots on their hands. You can see from their initial reports and furloughing they have had full support and see no reason why this won't be extended. A bank will look at all components of the business, they will see rocketing online growth, and even if theirs concern over store volumes, they are more likely to negotiate terms, very easy to close stores now days, look at what William Hill did last year. Please also read the update on volume, they are looking at ways to increase VOLUME per visit to reduce frequency to shop.

[stevieb2190] 10/6/2020 17:40

Unless covid disappears quickly then card is finished. Card buying is time consuming whilst you find the right card, people crowd around all sections whilst choosing reaching over each others shoulders., then they join the long queue at the till. To keep social distancing there will be EXTREMELY long queues and customers will walk. Online wont touch the cost of running their estate, not a fraction.
Card were showing signs of things going wrong well before covid 19...they are a VOLUME retailer, and until covid goes they will burn money...sorry

[greatwhitefunkmaster] 10/6/2020 11:47

Any idea which stores are open on Monday, and if there is a plan for the dates for the others to reopen?

[glavey] 10/6/2020 11:16

They could print some money instead of cards... :-)

[mallorca 9] 10/6/2020 10:57

lastchance,

this WILL go bust.

Good luck

[lastchance23] 10/6/2020 10:51

Mallorca do you own the bank??? The covenants mean little in these times, banks will save any profitable business with a leading market share and business model with scope, as I mentioned this is not Thomas Cook not reliant on retail alone, they could shut up shop and go totally online. Yes there is some debt, but it marginally surpasses a lot of businesses, look at the riddled debt of Aston Martin and the junk bonds being dished out for Carnival who are essentially just sat not trading. This business continues to take income in all conditions, whilst cost may need to be cut and dividends suspended, their is significant time before this will face any pressure. In the next 6 months there will be a bounce, and that's all the time I need, then I will review my position. I'm sure you just hijack this thread to sell your short lol.

[mallorca 9] 10/6/2020 10:05

Oh dear

heading sub 40p

[mallorca 9] 10/6/2020 09:50

the debt isn't being written off - it's simply mounting up.
You really should read the banking covenants (in the recent results)- the debt to ebit limit.

[lastchance23] 10/6/2020 09:38

Mallorca - this is not usual times, the Bank of England and PRA have issued advice to banks to be generous, the company is saving 2m a month on debt interest, given the number of staff and profitability, no bank is going to be restrictive in its lending.

[mallorca 9] 10/6/2020 08:59

I also think that they want to see whether the stores can be profit making - given the social distancing requirements.
Remember also that the minimum wage has just increased.

You must understand the banking covenants though. I wrote something about them here last weekend.

[lestat102] 10/6/2020 08:55

Mallorca,

The reason only 10% are opening is that because if you unfurlough staff in June, you cant re furlough them if trading is poor. From July onwards you can un furlough staff then re furlough them if needs be. So it makes sense to wait until July before opening the bulk of the estate.

[mallorca 9] 10/6/2020 07:45

only 10% of stores reopening next week !

Leaves circa 900 remaining closed, with annual lease cost of circa £4m.

Remaining staff on Furlough pay - but what happens when furlough pay scheme ends !

I'm expecting an attempted placing before end June.

[lestat102] 09/6/2020 16:37

I think its clear that feedback from re opened shops will be key to share price performance going forward. I'm neutral until we get a steer on consumer demand.

[mallorca 9] 09/6/2020 16:37

Oh dear …

falling in to the close again , may see sub 40p tomorrow.

[rumobejo] 09/6/2020 16:00

Teleios Capital Partners snapped another 6%


burn shorts burn
burn mallorca burn
burn shorts burn

[ammu12] 09/6/2020 15:45

46p how low will they take this ?

[mallorca 9] 09/6/2020 15:14

The next breakout here will be down below 40p

[rumobejo] 09/6/2020 12:51

make sure to turn up mallorca monkyes when it goes above 50p again this week, and keep showing up all along as it goes up

Invesco sold you out mokyes, not more sellers, all buyers, shake and shagg!!!