Card Factory Share Discussion Threads

[crazi] 08/4/2021 17:32

08/04/2021 - Card Factory : UBS raises price target to 70p from 48p



Not sure what UBS is all about...

[salamander69] 07/4/2021 16:24

Looks like someone bought just over 1 million shares this afternoon over 5 transactions at 81.5p.... I'm continuing to hold

[srpactive] 06/4/2021 15:21

Fantastic looking chart, the momentum boys and girls could be all
over this in the morning, we shall see.


dyor

active

[srpactive] 06/4/2021 09:34

CC

Yes and people even with the restrictions will be out and
about, I am expecting a move closer to 90p in this weeks build
up.

dyor

active

[city chappy] 06/4/2021 08:03

Shops reopening next week.

[mm84] 05/4/2021 16:50

Ilkleyneil - What's stockco?

Has anyone looked at the liquidity test that DKValue blog has done? If not, I would strongly recommend you to read it (just DKValue Card Factory).

From their point of view, CARD won't need to raise any equity. In fact, they argue that, at these prices, even with that hypothetical equity raise, the stock still has some room to grow.

I would love to hear what you guys think after reading it...

[yf23_1] 05/4/2021 12:58

CF: 3 packs of sellotape 99p
Tesco: 1 at £2

People pay more for being plain stupid, snobby or just being Brookbroker.

[srpactive] 02/4/2021 09:04

I am happy to increase here, the move will start very soon from
online to offline, but I just hope CF push the online side
closer to Autumn. As for cinemas I have been long on cine
from the 20p's and continue to increase, the public need to
get out from their homes and live again, the theatres, cinemas
and restaurants all need our support and I feel they will get plenty
from the government too.

Long CF and cine for me.

dyor

active

[wiseman1967] 01/4/2021 15:01

Ilkleyneil - how about cinemas?

[wiseman1967] 01/4/2021 12:43

Ilkleyneil - the only reason to short CF in my view is if you think either shops won't open on 12 April or you know for certain an equity raise is coming. Otherwise I see this drifting higher. As for short targets - l like Tesla, GameStop, Bitcoin (all overvalued but not linked to reality any longer). The alternative short (once they have reported their maiden results) is Moonpig.

[mr_spock] 01/4/2021 12:34

The cards they sell are cheap but it's not all tat. And even if it were tat, what does it matter if people are buying?

[ilkleyneil] 01/4/2021 12:17

Thanks Wiseman. In general I think there is a lot of froth at the top of the bull market. I dont hedge my long positions using the indices at all so I'm looking around for a few likley short prospects. This may or may not be a candidate. It just hit my radar for the first time this morning.

[wiseman1967] 01/4/2021 11:50

Bookbroker - why don't you get off the fence mate? Sounds like you should take out a huge short on this given how you feel...Ilkleyneil - it is not a given that an equity raise is needed. It will depend how how strong the banks hand is and how much they want one. The business is massively cash generative and not currently paying dividends so all cash can go towards reducing debt and this could be fully repaid in 24-36 months if that is what the Board and banks want. Alternatively they could raise money from investors to repay a chunk of debt now and then resume dividends earlier.

[ilkleyneil] 01/4/2021 09:52

Interesting. Looks like a short bet to me but it's pretty hard to short anything at all in the current market. The banks are giving debt waivers for a month at a time and I guess that will continue ad infinitum. I was reading on Stocko this morning an opinion that suggest that an equity raise is inevitable. Do you guys agree that an equity raise is a likley next step or do think otherwise? Thanks in advance of replies.

[peteret] 31/3/2021 22:29

Card Factory, the UK's leading specialist retailer of greeting cards, dressings and gifts, today issues an update regarding its liquidity.Further to our previous announcements, we are pleased to confirm that constructive discussions with our banking syndicate continue. The banks, who continue to be supportive, have provided further waivers in respect of anticipated covenant breaches through until 30 April 2021, taking account of the Company's cash flow projections, subject to certain conditions.

[peteret] 31/3/2021 19:36

No debt called in.Better close your short quickly.

[mm84] 26/3/2021 17:33

I'm doing a quick liquidity test. Does anyone know if rents are being paid? Thank you

[makinbuks] 26/3/2021 15:35

Thank you Wiseman, absolutely right, Apologies

[ken chung] 25/3/2021 23:53

Looks like the debt will be called in and the creditors will take the company, leaving shareholders with nothing imo.

[wiseman1967] 25/3/2021 18:16

Last trading update set out net debt (excl leases) at £90m. There are just over 1,000 stores - so to help makinbuks with some simple arithmetic...that's less than £90,000 per store.

[makinbuks] 25/3/2021 17:28

From memory its about £700k per shop

[vulcanbob] 25/3/2021 12:00

How much debt are this company saddled with?