Card Factory Share Discussion Threads

[amt] 30/4/2024 08:12

Fair value in a bear market say 2 quid. Future EPS 20p * 10
Fair value in a bull market
20p * 20 equals 4 quid.

[leeson31] 30/4/2024 08:11

think we can safely say, now, that the market always wanted/needed that divi back.... :-)

hell of a turnaround and recovery through the plandemic!

[aishah] 30/4/2024 08:06

@Hawkeye_74 on X:
#CARD rehabilitation complete. Net debt (ex leases) of £253m in FY 21 has been reduced to £34m.
From the debt swamping the business to just 10% of mkt cap in 3yrs, Darcy Willson-Rymer & team deserve huge credit. PE 7x seems a bit too cheap, especially now dividends reinstated.

[leeson31] 30/4/2024 08:03

first gap to fill is just under 140p :-)

[bbonsall] 30/4/2024 07:58

I think the dividend of 4.5p paid end of June is far sooner and higher than the market expected, so the share price must wake up.

[leeson31] 30/4/2024 07:55

maybe telios might change their mind on reducing to 0, now. :-)

[chester9] 30/4/2024 07:54

650m sales gives EPS 30 or PE 3.2 at end FY27.SP at 2 pounds to PE of 6.4 plus divis all the way. What's not to like.

[leeson31] 30/4/2024 07:50

V11SLR30 Apr '24 - 07:47 - 6135 of 6135
0 0 0
110p end of day, 125p on xd, 180p end of year. That'll do me.

-------------------------------------------------------
113p eod, 135p on xd, and 215p by Nov, that'll do me. :-)

[v11slr] 30/4/2024 07:47

110p end of day, 125p on xd, 180p end of year. That'll do me.

[sundance13] 30/4/2024 07:46

It does look too cheap I agree and the results are impressive, we should be looking at 150p min I'd have thought in the short to medium term, but with the UK market, who knows.

[casholaa] 30/4/2024 07:45

CBILS gone and now there is an rcf. "The existing revolving credit facility and Term Loan B have been fully repaid and cancelled."

Net debt down by 39% to £34.4m.

[amt] 30/4/2024 07:44

Theoretically all this was known. My prediction of eps of 15p per share More or less correct. Mr Market is so stupid at the moment that I expect the share price will rise. The undervaluation is there for all to see.

[sundance13] 30/4/2024 07:43

It's very cheap but adjusted earnings and revenue were only in line with forecasts so may not soar as high as some hope, can it break 110p and sustain the break to the close?

[casholaa] 30/4/2024 07:40

Very pleased here too. They've smashed it out of the stadium.

[garycook] 30/4/2024 07:40

Let the rise in the share price begin !

[kaos3] 30/4/2024 07:35

Could not find anything bad.

Very pleased

[leeson31] 30/4/2024 07:23

Basic EPS

14.4p


imo, even 15 x eps valuation is cheap, given they pay divi's, now, and aim for FY2027 to have gross sales of GBP650m, up by 30pc from todays gross sales figure of gbp510m

15 x 14.4eps = 216p valuation, on known published figures alone..

[leeson31] 30/4/2024 07:20

''Outlook

The Board remains confident in the compelling growth opportunity for our business, and our medium-term ambitions to deliver £650 million of sales, PBT margins of 14% and 90 net new stores by the end of FY27.

We expect to see continued top line growth in FY25, driven largely by same store sales and the continued growth of our store portfolio.''

[leeson31] 30/4/2024 07:18

''Capital allocation policy

The Board is pleased to confirm that, following the repayment of CLBILs in September 2023 and Term Loan A at the end of January 2024, we are no longer restricted from paying dividends. Therefore, the Board has approved an updated capital allocation policy which reflects our commitment to balancing investment in driving the growth of the business and delivering cash returns to shareholders, which together should drive shareholder value.

At the AGM on 20 June 2024, the Board will recommend reinstating an ordinary dividend of 4.5p per share for FY24, which includes an amount to reflect the fact that it was not able to pay an interim dividend in the year. Pending shareholder approval, the dividend will be paid on 28 June 2024 with a record date of 31 May 2024. This is a progressive dividend policy, targeting a dividend cover of between 2x and 3x Adjusted EPS with a target Adjusted Leverage (exc. Leases) of below 1.5x throughout the financial year.''

[garycook] 30/4/2024 07:15

How will the share price perform today, with the Good results and the Dividend re-instated ? My Guess between 110 - 120p.

[leeson31] 30/4/2024 07:04

'' Recommencement of dividends, with a recommended dividend of at 4.5p per share for FY24, in line with our updated Capital Allocation Policy.''

nice!

[longwell] 30/4/2024 07:03

Dividend reinstated, bonus.

[caveater] 29/4/2024 22:15

I think if them broker target forecasts were taken serious the share price would have risen considerably in the past week but alas it hasn't. Results tomorrow at 10.00 is it or is that just the presentation and an RNS at 07.00am ? Fingers crossed !