Card Factory Share Discussion Threads

[monte1] 06/7/2021 18:12

What the hell makes Roger Daltry & co such experts on COVID variants?

[kaos3] 06/7/2021 18:05

I fear next long lock down in the autumn without substantial governmental help this time and am observing CARD from the sidelines



The Lambda variant, also known as C.37, is believed to have first emerged in Peru in August last year, but has only been recognized as a potential global threat in recent weeks... by The WHO...

[bbonsall] 06/7/2021 17:43

Prokartace
What basis have you priced a rights issue at 42p?
Much more likely that CARD will see how business picks up and how much profit is likely before even having to consider a rights issue.
Remember they are highly cash generative which is no longer being paid in dividends. A large part of the £70 million may yet be met out of profits.
Meanwhile, when the penny drops, the share price will rise considerably IMHO.
This may even be what promoted Darcy to make her recent purchase, knowing how much upside in the share price there is.

[peteret] 06/7/2021 16:02

Good point

[prokartace] 06/7/2021 14:14

Or she could have bought a base amount bearing in mind that she would get the rest in a rights issue. Say a 1 for 2 rights issue at 42p to cover the £70mil and costs would give her 126,000 shares at an average of 54p xr rights

[peteret] 02/7/2021 14:37

She has bought now at 60p so there is probably not going to be a rights issue otherwise she would have waited.

[makinbuks] 28/6/2021 12:24

84k shares is hardly a vote of confidence from the CEO. Good governance dictates at least a years salary worth

[simmsc] 25/6/2021 21:37

Even more mmmmmm after today's close!

[bing_b] 10/6/2021 09:46

Dunno - I read it as an insurance policy for the lenders. The expectation is that the business returns to some form of normality. If for whatever reason it does not, the lenders are protected by the requirement for best efforts to raise further equity.

[prokartace] 10/6/2021 09:40

Wiseman, thats even worse. That gives the potential to hang over any share price rise for the next year or until they announce which root they plan to take. I was hoping for such an announcement with the results. I will not be buying until the air has been cleared

[wiseman1967] 10/6/2021 08:30

Just to be clear - that is 31 July 2022.

[bountyhunter] 10/6/2021 08:21

by July 22, interesting

[rob the slob] 10/6/2021 07:55

"the Group must use best efforts to raise GBP70m net equity by July 22, or alternatively to prepay GBP70m using funding from other subordinated sources"

[bountyhunter] 10/6/2021 07:15

Due course?

"As previously announced, Card Factory intends to use its best efforts to raise net equity proceeds of GBP70m in due course, subject to independent advice and prevailing market conditions, to facilitate an early reduction of overall debt prepayments"

[yf23_1] 08/6/2021 19:55

Double negatives - it's as if no one doesn't care.

I'll stop now.

[1novice] 08/6/2021 19:20

Always one plank and today it's yf23's turn

[yf23_1] 08/6/2021 16:10

Our shop sells to anybody, we sold to somebody not no one, but not everybody.

[1novice] 08/6/2021 14:10

Footfall on the high St is dying.
Can't sell to no one.

[investtofly] 08/6/2021 12:47

What next, variants from Town-to-Town? Time to get on with life.Maybe the Powers-to-Be will now think twice about mucking about with nature...

[ken chung] 08/6/2021 07:43

Indian varient and now an even worse Nepal variant spreading fast across the UK.Disaster for indoor retail, unless you want to catch or spread Covid.Third lockdown coming.www.mirror.co.uk/news/uk-news/nepal-variant

[thorpematt] 08/6/2021 07:07

That will be the smell of paranoia.

[scobak] 07/6/2021 20:15

Find the reasoning a bit difficult to believe. Surely card has not been the only company affected by cv19 disruption. The delay is only 2 days in any case. Something smells but can't decide whether good or bad.

[rovi70] 07/6/2021 11:40

Card Factory, the UK's leading specialist retailer of greeting cards, dressings and gifts, today issues an update regarding the timing of publication of its results.

The Company's preliminary results for the 12 months to 31 January 2021 will now be released on Thursday 10 June 2021 (previously Tuesday 8 June 2021).

This delay has been agreed by the Board, following a request from its auditors, KPMG LLP, in order to provide KPMG sufficient time to complete the audit process following disruption caused by the Covid-19 pandemic.