Card Factory Share Discussion Threads

[mallorca 9] 16/6/2020 18:15

lastchance.

What the share price used to be is of no importance today !

So many think that if it used to be £1.50 then surely it must bounce back .

You obviously remember the stick I took when I shorted Thomas Cook down to its close.
How many times was I told that it used to be £1 !!

It's hard for me to see how CARD can survive.
They will soon have to try to raise funds at the very least.

[lastchance23] 16/6/2020 18:10

>>mallorca we all give you dibs for your collect on Thomas Cook, the rescue deal had me fooled, and I cut short a 30% loss, but CARD my friend is going nowhere. This used to trade three times the price, plenty of people will see value in this, when most of the large caps are so analysed your looking to get a 10% variance. Remember, the structure of a company largely influences price, lot of institutions bailed out last year in the sell off, the price is not artificially inflated by ETF's either, so when there's a bit more interest in the prospects, this will level up to at least 70p.

[jamiecrayon] 16/6/2020 18:07

But what does that mean ✋ hi sorry new to all this

[pepsiman1] 16/6/2020 18:00

Most of the after-close trades have the CANC flag - cancelled.
The 1.5M trade has BENC and LRGS flags - ???

[approach3] 16/6/2020 17:25

Could someone please explain why the late sales are shown as 39p ?

[rumobejo] 16/6/2020 16:09

come on 50p we can do it today...

[rumobejo] 16/6/2020 13:56

time for a big breakout

[rumobejo] 16/6/2020 13:55

couple of chunky blocks today, more TR1's from 2 recent buyers or a new buyer coming in?

[mallorca 9] 16/6/2020 09:23

I'm struggling to see how they can avoid running out of cash.
They had circa £5m at end of January !

The Furlough scheme is the only thing propping this up !

[mallorca 9] 16/6/2020 09:11

You chaps must be happy this morning .
Enjoy :-)

[peteret] 16/6/2020 08:51

Mallorca 9 hows your 40p short doing now.

[bhaisahib] 16/6/2020 08:37

Card has started its journey to sensible levels for starters. Let's attack to 100p broker target in a few weeks.In addition, I wanted to give you insight on this shares, so be ready."Oh dear oh dear oh dear oh dear"??????

[qs99] 16/6/2020 08:13

Off we go again

[mallorca 9] 15/6/2020 17:15

They have to staff those stores and pay the wages !

[mallorca 9] 15/6/2020 17:14

A little rise today on the stores reopening (10% of stores).

Makes it an even more attractive short in my opinion.

[mallorca 9] 15/6/2020 17:13

fenner .... ok.

[rumobejo] 15/6/2020 16:19

mind the gap 50p

[rumobejo] 15/6/2020 15:35

rest assured the scare mongering monkyes will get what they deserve, shorts going to burn in hell by the bell


burn shorts burn

[qs99] 15/6/2020 15:21

Nice reversal

[ammu12] 15/6/2020 12:45

I think they should just raise some money like the rest of the companies on the market and get back to trading 70-80 region.

[fenners66] 15/6/2020 09:50

mallorca 9

I HAVE read the RNS - more so than most.

There are at least 3 mentions of the new covenant tests , slightly different detail given - BUT

the above

"three new covenant tests relating to net debt; cash burn; and last twelve months EBITDA."

Is NOT fully explained.

There is a separate mention of

"raise equity if leverage is above 3.0x before the later of January 2021 or 3 months before the redemption of the final commercial paper issuance. "

But that has a trigger date and is not explicitly referring to the monthly test.

There is no detail on the ratio test (if that's what it is ) monthly for EBITDA and Debt.

[mallorca 9] 15/6/2020 09:00

The Covenants are now tested monthly - which is serious.
There are 3 tests, I can remember 2 of these (please look up the other yourself)
The 2 tests are ..... debt to ebit and cashburn.

Read the RNS !

It really is a case of whether CARD survives.

Personally I think that they wont.