Card Factory Share Discussion Threads

[micos] 20/6/2020 07:09

Just to clear post

[sphere25] 19/6/2020 16:36

Ok nice close. Stock has finished up 7.3% at 54.5p and broken out.

[rumobejo] 19/6/2020 15:59

funny the short monkyes gone AWOL

[lastchance23] 19/6/2020 15:34

Mallorca>> IMHO you were lucky with Thomas Cook, don't confuse luck with skill

[mallorca 9] 19/6/2020 15:31

rumob,

i've been here a good while and will be here until sub 5p.
I will then cash out.

[lastchance23] 19/6/2020 15:24

I have just read through the annual report for 2020, it is made VERY CLEAR that they have REVISED banking covenants to 275m, and with the financing arrangements with BOE, Covid support scheme, and renegotiated terms with suppliers and landlords the business has sufficient liquidity to weather this period.

Shorters will burn shortly - next stop 60p

[rumobejo] 19/6/2020 15:05

thing is shorts like mallorca, and the other guys (who turned up for just 2 days) posting plenty negative views are part of the concert who is trying to force the company hand into a low ball placing so they close their shorts with.

the fact that the whole Invesco stake was quickly found buyers on the other side is a strong sign of the demand, but maybe the market maker was caught short as well hoping to see it through the 30's to make a quick buck knowing in advance that Invesco were dumping before they close their shorts too.

can't believe in today's rules market makers are allowed 10% short without notifying !!!

[sphere25] 19/6/2020 14:27

I've taken a few as a short term trade. As per the post above, have a stop under 50 if it doesn't breakout, but there are buyers in size here so looking for a bullish short term breakout and move.

Mallorca has a valid point on funding. Detailed in a post on TRI the number of companies raising cash recently (alot!) and debt is always the killer, particularly in this environment.

However, the fact that there have been buyers in very significant size (as per the sells being gobbled up at 50p and as per the whole of the Invesco stake being placed) suggests the demand is significant that they could get a placing away at these levels or higher if these buyers exhaust the sellers and shorts here and cause the stock to make a significant breakout.

The way alot of these stocks have rallied post fundings suggest this could move higher too, but I'm only trading this short term and NOT MAKING a case for a long term investment. It's a nightmare out there, we all know the drill.

Let the short term battle commence!

[mallorca 9] 19/6/2020 14:12

I've increased my short position.

Just waiting for the inevitable RNS detailing funding.

[mallorca 9] 19/6/2020 14:09

See link to Naked Trader website - updated yesterday.
Scroll down to 'Markets'.

You'll see Cardfactory mentioned there.

[rumobejo] 19/6/2020 13:31

thanks Sphere

funny that Mr Naked don't see value in a dying business that is turning profits!!!

Mallorca comes to mind :)

[sbb1x] 19/6/2020 09:59

Just keeps going up!

[rumobejo] 19/6/2020 09:58

Sphere, can you elaborate? any links as can't see published on Naked Trader site.

is naked trader == mallorca naked burnt ass?

[sphere25] 19/6/2020 08:08

What's going on here - enormous buy orders hitting the book. Stock threatening a breakout.

Is it because Naked Trader announced he went short yesterday? Ha

[peteret] 18/6/2020 11:56

This is strange how this is stuck between 49 and 51

[rumobejo] 17/6/2020 15:46

too many big lumpy trades today and yesterday (post close)

hmmm...

[rumobejo] 17/6/2020 15:16

375,000 bought at 50p for total of £187,500

big guns keep soaking up cheap shares


£1

[rumobejo] 17/6/2020 12:58

250,000 bought at 51.5909p (day's high) for a total of £128,977

[babbler] 17/6/2020 12:55

And another... At 53 almost.

[rumobejo] 17/6/2020 12:23

625,000 bought at 50p for a total of £312,500

big guns soaking up the cheap shares

£1

[rumobejo] 17/6/2020 11:55

let's kiss the 50's good bye and looking for 55p close

60p by Friday