Card Factory Share Discussion Threads

[v11slr] 29/5/2024 16:24

xd is tomorrow, always 1 day before record date and by convention a Thursday.

[everton448] 29/5/2024 16:09

I think you are completely right about the risks in the event that there were to be a poor trading statement. Except I do not think it would be 85p that the share would fall to - more likely way below that. What I do not understand is how you can be sure there is a massive seller distorting things. Is it not more likely to be the fact that nobody in the city wants to touch this, seemingly?

[cravencottage] 29/5/2024 15:57

o Pending shareholder approval, the dividend will be paid on 28 June 2024 with a record date of 31 May 2024.

1 more day to see what occurs!

[cravencottage] 29/5/2024 15:54

Isnt xd 31.05?

[ggrantsu] 29/5/2024 15:47

what makes me hellishly nervous is the thought of a weak trading statement being delivered by these guys off a weaker macro environment and unexpected poorer sales...we would be sub 85 in seconds. and the possibility of a recovery would be non-existent as clearly we have a massive seller (Telios) distorting things...

Very very grim times.

[ggrantsu] 29/5/2024 15:43

quite gobsmacked that we are down like this before ex dividend day...quite extraordinary.

as a poster says below, a PE bid would be far the best outcome here. unfortunately, the holding has become nothing more than a huge opportunity cost. great little business, but perhaps just not one for the stock market. liquidity event needed.

[hardupfedup] 29/5/2024 13:06

Unloved as always -- best option is pe - at the right price -- value will out in the end -- patience required as always imo

[kaos3] 29/5/2024 13:00

and the ground work of international expansion is also done and financed. from here on is more about tuning it

[fft] 29/5/2024 12:52

This is one of the markets great mysteries ! There doesn't appear to be anything in the AR that would cause such a drag. Assuming an interim of 1.5p, card is currently on a yield of 6%, (probably dropping to 4.5% next year ) with debt reducing steadily and well within banking covenants. My expectations at the beginning of the year was a steady share price rise this year as the above, plus a store upgrade roll out took place. Yes, other companies do cards, but CARD has more production capacity and shorter supply chains than anyone else in the UK.So, where does it go from here ? Oversold, or close to, on technicals, so a bounce may be possible or back to trading between 90-100p (!).My personal preference is for a private equity take out. In the long run it would undervalue CARD, but it would provide a liquidity event at the highest price since early 2020 and allow me to invest elsewhere.

[bbonsall] 29/5/2024 12:35

The excellent performance since lockdown has been totally unrecognised for some inexplicable reason. The share price was around 50p when all shops were closed and CARD was making losses with a threat of a £70 million fundraise.p hanging over it.
Vastly different now except the share price!

[magnets] 29/5/2024 12:35

Teleios have not sold since the trading update so can't even blame them for the drop!

[everton448] 29/5/2024 12:25

Hope you're right Beachbum. Honestly did not think after those results we would see this back at close to 95 ex-div

[beachbum1978] 29/5/2024 11:49

Classic 'Cup and Handle' on the 6 month chart! Spread over the correct time period, and the handle bang on 1 week. GLA

[bbonsall] 29/5/2024 09:31

This will drop by 4.5p tomorrow morning because it goes ex dividend. So better end the day over 104.5 or we will be sub £1 tomorrow.
This continues to trade at a stupidly low value considering the massive debt reduction, increasing EPS and free cash flow.
Other like performances are likely trading at double this price.

[kaos3] 28/5/2024 15:24

chart supported by 200mda
golden cross very soon /dotted and golden line/

[jsg123] 28/5/2024 14:56

Because we make a profit, generate FCF, and pay a dividend, I can see 80s nailed on post Friday.

[everton448] 28/5/2024 14:08

Wonder whether we'll hit 90 after we go ex-div? Hard to see much support and the 90-100 trading pattern looks set to resume. DYOR

[chester9] 28/5/2024 07:20

That is not the way. You maintain the model, it's very efficient, you get the best deals from landlords that way, rather than take on a lot of poor and duplicated sites..Card is winning profitable market share by operating its model well. Buying all the problems of another company does not guarantee a good outcome.

[caveater] 28/5/2024 02:22

CARD FACTORY should buy CARDZONE out.

[actscap] 27/5/2024 13:37

The Cardzone group has beefed up its board as well as strengthened its shareholder line-up as part of its futureproofing of the enlarged business, following the acquisition of Clintons' 163 stores in March.

[actscap] 27/5/2024 13:37

https://www.pgbuzz.net/a-weiss-move/

[chester9] 23/5/2024 17:14

The share price is being held higher for the seller, because people want the dividend. It is in their interest to clear at the higher price.After the 30th they may push share price down if they do not clear what they need to clear in next week.Once clear price should rerate.

[everton448] 23/5/2024 16:46

Back to 100. Given that the results have made no difference - we are back below where we were before they were announced - I fear this is heading back to its trading range of 90 to 100. Completely unloved by the market, I wonder if PE will rescue it?

[simmsc] 22/5/2024 22:24

Market sentiment is getting better. Good news is slowly being responded to more positively now as FOMO is kicking in. We just need to be patient until this seller is done.

[monte1] 22/5/2024 09:27

I think that the risk is all on the market perception / share price side rather than performance. Although, as it is effectively currently trading at around 97p with the dividend removed, can it really fall much further ? Sooner or later the sentiment will turn around imco.