Card Factory Share Discussion Threads

[ggrantsu] 16/1/2024 19:23

Christmas store LFLs of +7.8% was very impressive given challenging UK retail footfall. It was all driven by higher basket size and transaction volumes (no pricing impact), and balanced growth across card and gifting categories – all very encouraging signs.

The business has really become a bit of a victim of its own recent success unfortunately...market obviously wanted nothing less than some huge upgrade. Not many instances where 'top end of expectations' sees 11% of market cap destruction.

The value on offer is very very attractive with today's numbers and clearly more growth on the horizon.

[parttime] 16/1/2024 19:18

Ah, OK. I don't really 'do' Twitter, but thanks.

[premium beeks] 16/1/2024 18:57

So still potentially a sizeable amount of followers just becoming aware who will now add to selling pressure.Oh dear.

[eeza] 16/1/2024 18:49

He closed his 'Rebel Chatroom' and now uses twitter and sub-stack.

[parttime] 16/1/2024 18:45

Does CR still have a following of copy traders? I've not seen him around for many years.

[chester9] 16/1/2024 18:42

https://x.com/rebelhq/status/1747311738876276901?s=46&t=vgRcMH1ViVAUBW46YvlN9w#CARD After all the 'materially ahead' trading updates they suddenly had noNov t/s as the norm. Suggested momentum might have dropped off.Surprised they hadn't beaten by at least a bit. Reduced more today, less that 3% of my holdings now. Probably cheap here now tho.

[thebears1] 16/1/2024 18:39

It's on his Twitter account

[hatfullofsky] 16/1/2024 18:00

Private Equity (Charterhouse) bought CARD back in 2000 for £350m, they saddled it with £450m of debt

[hatfullofsky] 16/1/2024 17:58

HY24 Card reported adj PBT of £22m (leading to £36m Op Cash and £11m FCF), today they confirmed FY adj PBT of £62m.

CARD made £40m adj PBT in H2-24

I repeat

CARD made £40m adj PBT in H2-24


The price action today was absolute madness

[v11slr] 16/1/2024 17:42

ACTScap. Financial year 2025 starts on 1st February 2024, ie. In two weeks time.

[tradertrev] 16/1/2024 17:30

That is no doubt the case, but none that make any sense in relation to the value of the business. Private equity could now come and bid at a 50% premium and they would still only be paying 9x earnings. The business is a consistent cash generator, which private equity love more than anything.

[hatfullofsky] 16/1/2024 17:29

We also have to remember there is a seller in da house, I wonder how many Teleios have sold today ?

[bbonsall] 16/1/2024 17:26

Last year’s performance has been well beaten. Last year’s share price has not.

[premium beeks] 16/1/2024 17:14

Maybe "the market" went in to the Card Factory shop on Throgmorton Street and saw how busy it was, then betted on a beat?Never a better lesson given that the share price action does not always mirror the company performance.There are a myriad vectors at play that have the price down today.

[actscap] 16/1/2024 16:57

That's right

[tradertrev] 16/1/2024 16:42

Re dividends: The full year results will be announced on 30 April 2024. That is during the FY25 financial year, which starts on 1 February 2024. Just saying.

[bbonsall] 16/1/2024 16:40

ACTScap
We are now entering FY 25 on Feb 1st. So dividend not far away.

[bbonsall] 16/1/2024 16:37

monte1
I cannot see how the market could have been pricing in a beat. These results have trounced last year’s. Then the share price hit 110p.
Therefore the market has been pricing in a flat performance, expecting same profit as last year.

[elsa7878] 16/1/2024 16:34

Thanks. They can still let us know their thoughts.

[monte1] 16/1/2024 16:33

Market must have been pricing in a ‘beat’ rather than ‘in line’. When all is said and done it seems relatively cheap at current levels with growth in both revenue and earnings. Retail is an unloved sector but I am comfortable to hold at this level and keep a watching brief for any looming icebergs on the horizon.