Card Factory Share Discussion Threads

[peteret] 05/6/2024 16:05

Nice divi coming soon to cheer us up anyway

[gswredland] 05/6/2024 14:58

Agree guys I can't see much wrong here and looking to get back in in the low 90's.
However it will be a while until we get any news and it does tend to drift without it

[kaos3] 05/6/2024 13:26

regarding gifts and books ....

1. in a retail consumer maxed out scenario - those lines will be hit more than cards. also they perish faster then cards. more capital allocation for stocking and logistics.
2. we can see huge overall competition in those items. including wrks experience. no leading advantage.

the mix must be kept in reasonable and conservative balance. they got big in cards and their main advantage is cards.

imho

i like card investment a lot

[omron] 05/6/2024 13:15

GG - I don't think you have missed anything. Strong gross margins, market leader, cash generative, vertically integrated, and solid management. The concerns I see are:1. Teleios, a 10% shareholder, is selling shares - this will depress share price until they are gone. 2. With 1058 stores they will be getting close to saturation in the UK, so need to look for growth elsewhere - gifts, international, wholesale (all of which they are now doing) but also adjacent value categories - toys, books, stationery 3. They purchase products (non card) in the far east in USD and GBP is currently weak but should strengthen and help margins. 4. Labour cost inflation - but there is plenty of upside in card prices given the gulf between them and other card retailers. This is my biggest equity holding.

[hardupfedup] 05/6/2024 12:08

gg -- couldn't have said it better -- value will out -- eventually

[ggrantsu] 05/6/2024 11:46

while i always am open to different point of views and have spent long and hard trying to think of big downside cases here, the people in the board today trying to make out as though a non-exec in his 60's retiring from board is a red flag - pathetic quite frankly.

its brutal holding this...not like its lost me money but been a big opportunity cost. however...very attractive competitive landscape, highest margins and returns on capital in UK retail, upside growth from click and collect and partnerships (didn't realise their partnership with TRS in Australia got them to no1 in cards there in under 2 years!! been so focused on domestic business id missed that), strong balance sheet, cash generative. if someone can point me to some worrying structural data (and don't say declining cards overall...the business has proven for over a decade that it can grow impressively still within that category)...i'd love to hear it. and please don't come back with a comment 'oh but the city hates it'...we all know its not a popular name, thats why there is value on offer.

lets actually discuss real things that affect numbers

[hardupfedup] 05/6/2024 07:50

so many conspiracy theories -- he's retiring probably -- non ex !!

[fft] 05/6/2024 07:27

He will be 66 in June. It is unusual to have your name up to be re-elected, and then withdraw only 3 weeks before. Perhaps personal reasons ? But no mention of that.Pamela is 60 this year. Finding a NED normally takes time, so her (or someone else) joining has probably been on the cards for many months. Was Roger supposed to leave anyway when she joined or were they supposed to work together and he didn't like that arrangement?

[everton448] 05/6/2024 07:25

I agree - although there could be many reasons why he is leaving, he was a hugely impressive non-exec and whilst it is important not to read too much into it, it is certainly not good news

[ayl30] 05/6/2024 07:19

Not good news

[bigbigdave] 05/6/2024 07:11

Roger Whiteside leaving, hmmmmm.

[1224saj] 04/6/2024 17:05

I think your handle just fell off :-)

[everton448] 04/6/2024 15:43

Meanwhile looks like my prediction of a retrace was not far off reality. I do wonder what more the company is expected to do to generate a rally in the share price. It just seems to be totally unloved. As I have said before I fear if they ever under deliver, given that great results are ignored.

[everton448] 04/6/2024 15:42

Really is!

[beachbum1978] 04/6/2024 15:15

Turns out it's one of those massive Sports Direct Mugs

[everton448] 04/6/2024 15:02

This is a very, very big handle.....

[beachbum1978] 04/6/2024 14:30

Curving out…..get ready for the handle

[riverman77] 04/6/2024 11:16

I just don't understand how it can take well over a year for someone to sell not even half their holding - if they want out then surely better just to get it over and done with?

[tradertrev] 04/6/2024 10:49

Corporate broker needs to find 2-3 institutions to take Teleios out, preferably with the company also taking part by buying back some. On a historic P/E of 7.3x this should be pretty straightforward, even in the current market.

[chester9] 04/6/2024 10:28

Teleios holdingMay 23 18.9%June 24 10%Since Jan 23Sp high 113Sp low 84Higher lows line at 91, base is slowly creeping up.It leaves the share price for traders until Teleios is less significant.

[caveater] 04/6/2024 09:33

The company doesn't seem concerned about 'selling' itself. If it gets too complacent we'll have Card Zone clicking at our heels.....maybe Card Factory should have bought Clintons out?