Card Factory Share Discussion Threads

[riverman77] 16/1/2024 13:19

RFX - strong growth on the pawnbroking side as many other sub prime lenders forced out of business due to regulatory issues, plus they should see more demand due to the cost of living crisis. They're also opening new stores so actually see decent growth there, albeit the FX side of the business is probably ex-growth.

[aishah] 16/1/2024 13:06

Following the update, Liberum Capital raised its full year 2024 pre-tax profit forecast by 6.3% to £62 million and its full year 2025 estimate by 4% to £66.7 million, and also upped its price target from 165p to 175p.

‘We think the market has forgotten that Card Factory at its core is a disruptive, market-leading value player,’ said the broker. ‘We would also raise a note of caution that as Card Factory builds true momentum in its online business, one should maybe be concerned for competitors such as Moonpig (MOON) and Funky Pigeon.’

Sharesmagazine.co. uk

[basem1] 16/1/2024 12:26

This one I agree but I fail to see where the growth is coming from with RFX

[actscap] 16/1/2024 10:56

*could plausibly

[actscap] 16/1/2024 10:54

Top-line will exceed 500m for the full year (477 was 11 months), with PBT 60m+. Market cap 355m represents sheer outrageous value. Growth initiatives aside, I can't see how this goes down much lower except on significant unforeseen macro factors intruding. It's unlikely management will materially misstep, but they could readily fall short of some of their long term targets. Even allowing for minimal growth, this is throwing off cash.

[casholaa] 16/1/2024 10:26

Well it's a red day on the main exchanges so I'm happy to wait.

[hardupfedup] 16/1/2024 10:25

monte - i do wonder as well -- as the saying goes value will out in the end -- how long that is anyone's guess

[bbonsall] 16/1/2024 10:00

Compare and contrast.
The share price of103p now when announcing increasing profits to £62 million and during covid when the share price was 40p, shops were shut, £millions losses, banks were demanding a cash raise of £70 million.
Is it really only worth £1 now?

[monte1] 16/1/2024 09:52

I wonder if Private Equity recognises that a cheap deal could potentially be done here?

[riverman77] 16/1/2024 09:25

Similar to RFX yesterday - another nice opportunity to top up on a nonsensical fall.

[actscap] 16/1/2024 08:59

Added following the drop today. Very strong holding here now.

[1224saj] 16/1/2024 08:56

Great set if figures, somebody turn the lights out on this U.K. market, they have not got a clue!

[johnkidd1] 16/1/2024 08:52

Yes I make PE for this year 6.

[everton448] 16/1/2024 08:49

Well this really is the nub of it - you're completely right

[muffster] 16/1/2024 08:47

0.8 x sales, PE below 7, Internet sales doing wellStill cheap with pre tax profit at top end of analysts forecasts

[hatfullofsky] 16/1/2024 08:35

Crazy reaction, possibly some profit taking (sell on news), I'm loading up

[bbonsall] 16/1/2024 08:35

CF hit this price 12 months ago on announcing an earnings per share of 12.9p and now on today's announcement it has jumped to 18p! Crazy reaction.

[hardupfedup] 16/1/2024 08:32

unloved --as always -- best off private

[caveater] 16/1/2024 08:28

This company needs to communicate with shareholders and the market much more frequently. No updates in three months isn't doing it/us any favours, it needs to get the word out how good this company is and its potential. Enlisting a good PR company would be a good start.

[chester9] 16/1/2024 08:26

Better empty shelves than full ones. Chanel used to deliberately slow down No 5. When you sell out it keeps the exclusivity and maintains full margin.I know not like for like example but full shelves need discount to clear and means customers can leave it late. You want them buying at fullest margin.

[elsa7878] 16/1/2024 08:20

Agreed Weaver. I went to several stores that said they had stock issues. Generally too much of some things and not enough of others. Meant staff members had to use their own cars to distribute excess stock to regional stores that had none! The fact they still managed to hit the top of expectations with stock issues is a positive as it means that next year if there is no repeat then performance should improve.
If you look at all other profitable retailers there is not a cheaper one I can find. I’m happy to wait for the dust to settle and then I’ll scoop up as much as I can.

[makinbuks] 16/1/2024 08:20

Double digit LFL online increases in November and December are a highlight

[hatfullofsky] 16/1/2024 08:19

in line but at the top of the range

[bbonsall] 16/1/2024 08:19

I fail to comprehend what the market wants here. The profit predicted amounts to an EPS of 18p compared to 12.9p last year.
This means current share price is on a PE ratio of of less than 6 when the average for specialist retailers is 22. Crazy, short sighted market!

[weaverbeever] 16/1/2024 08:13

Disappointing for me. I had hoped for out perform rather than perform in line. I suspect the management are disappointed also. To many empty shelves in shops running up to Christmas as I previously posted. And expanding abroad is a distraction and drains money. I hold a lot of these shares and was looking forward to a decent jump in share price. But instead the shares are falling.