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CARD Card Factory Plc

100.20
-0.80 (-0.79%)
Last Updated: 13:11:33
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Card Factory Plc LSE:CARD London Ordinary Share GB00BLY2F708 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -0.79% 100.20 99.90 100.60 101.00 99.60 101.00 206,903 13:11:33
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Greeting Cards 510.9M 49.5M 0.1431 7.03 349.28M
Card Factory Plc is listed in the Greeting Cards sector of the London Stock Exchange with ticker CARD. The last closing price for Card Factory was 101p. Over the last year, Card Factory shares have traded in a share price range of 82.30p to 116.00p.

Card Factory currently has 345,818,321 shares in issue. The market capitalisation of Card Factory is £349.28 million. Card Factory has a price to earnings ratio (PE ratio) of 7.03.

Card Factory Share Discussion Threads

Showing 7526 to 7550 of 7625 messages
Chat Pages: 305  304  303  302  301  300  299  298  297  296  295  294  Older
DateSubjectAuthorDiscuss
13/6/2024
10:55
Thanks Everton
gswredland
13/6/2024
09:42
UBS raises Card Factory price target to 116 (107) pence - 'neutral'
everton448
12/6/2024
16:53
Thanks ggrantsu - do you have any details you can share?
thanks

everton448
12/6/2024
14:37
target price of 144...very positive note.
ggrantsu
12/6/2024
08:27
Has anyone seen the initiating coverage note from Singer? What was their target price?
omron
11/6/2024
09:04
Furthermore, since Covid shut all the shops and CF was making losses and threatening to need a £70 million cash raise, there has been massive growth in turnover, profits and cash flow. The share price has rocketed from 50p to 90p!
So CF share price is not reactive to growth anyway, it seems.

bbonsall
10/6/2024
23:36
darrin1471

I agree entirely with you that the hang up on growth is misplaced here.

We would be concerned about growth if we were trying to justify a PE of 40+
What the hell has growth got to do with trying to justify a PE of less than 7??!!
The average PE for non growth companies is 16 anyway.

bbonsall
10/6/2024
18:39
Buffet is the master of the self discipline. Saturate the market and then stop adding - in order not to decrease profitability and margins. do not invest elswhere out of the competence range. just simply pay out as much cash as you can to the shareholdrs.

growth per se with decreasing margin is a no go in my book.

what i like they did is - they seeded overseas - where there is a hope of letting their competitive advanteges take over and win the local market.

but as with all seeds - just few get out of the soil - and one has to invest and be carfeull and wait long time before harvesting. but it is worth

imho

kaos3
10/6/2024
18:32
"Perhaps the best strategy could be to stay on the sidelines until then"

Its tricky one isnt it most people are saying this is currently "unaturally cheap" - if they hit targets into 2027 imho its pretty clearly undervalued so those waiting might miss out on the natural increase in price one should expect over time if they do hit targets or if it is an overhang depressing price that goes soon(i wont necessarily disagree with those that say that could be holding the price back) one takes one chance now or one doesnt.

rmillaree
10/6/2024
17:39
In terms of price increases, it looks like these were implemented in the previous H2 which would explain why H1 this year was strong, while H2 a bit more flat. Based on their outlook statement it looks like further price increases won't be coming until H2 this year - coupled with yet another large increase in minimum wage (not to mention ever increasing stamp costs) suggest this coming H1 could be a bit soft. Perhaps the best strategy could be to stay on the sidelines until then, as Telios are unlikely to have shifted their holding for at least another 6 months.
riverman77
10/6/2024
17:15
Only £520m is coming from the store estate by FY27
darrin1471
10/6/2024
16:28
I'm thinking more about LFL growth, but agree opening new stores is another route.
riverman77
10/6/2024
15:52
the fact they have very specific forecasts suggests they should be able to answer your question here riverman77 - does the 90 potential new stores not get most of the job done in that regard?
rmillaree
10/6/2024
15:40
If growth is going to come it will have to be through gifts, as can't see a lot of growth in cards. Gifts are lower margin of course, but potentially a big market.
riverman77
10/6/2024
15:33
"I think some get a little hung up on growth."

the problem is that if they are opening new stores and have specific targets they need to hit - ref this 650 mill and 14% margin then they could be making a rod for their own back here . Extra costs may be very "fixed" and upfront if its spend on new stores - so presumably sales growth needs to flow through as expected for them to "be on track" -

its never pretty when one spends the cash opening new stores to find out they dont deliver the expected cashflow bonanza.

Not saying they will fail - simply that they are generating the narrative that they will do the £650 mill sales by ye 31/01/2027 and that means they NEED to deliver that growth - if we expect promised profits . In some respects your comments that they should concentrate on margin is the opposite of what they are looking to acheive - clearly they have sales targets that are fairly ambitious. imho £650 mill is a big ask for 2027 if we only expext 576 mill for 2026

rmillaree
10/6/2024
15:20
Price rises implemented in H1 I think
everton448
10/6/2024
15:18
Added a trade at 92p to my holding.

I think some get a little hung up on growth. CARD are doing a bit of internationally expansion which will be at lower margins than the mature UK shops.

CARD should concentrate on margin, FCF and dividends. Which I think they are.
The consensus forecasts I see have dividends down as 3.7p, 6.4p and 8p for the next 3 years

darrin1471
10/6/2024
14:51
One thing I noted from looking at the FY results again is that YoY growth was very strong in H1 but by subtracting the H1 numbers from the FY numbers, growth appears to have slowed significantly in H2 - haven't looked into the company closely enough to understand if there's any reason for this loss of momentum. The fact they mention a H2 weighting in the last update suggests momentum could be struggling a bit?

I am tempted to buy at these levels, but still put off by their complete lack of investor relations - no broker notes on Research Tree and they never appear on platforms such as Investor Meet Company.

riverman77
10/6/2024
14:26
on top of other items is the weakeness here not simply a follow on from the confirmation that earnings growth this year is expected to be very much h2 weighted - in which case its likley the newsflow till they "deliver" aint likely to be great until quite late in the year - plus with h2 weighting there are those that may speculate that they are perhaps more likley to miss targets than beat. None of this means anything is amiss but if near term news is likely to be promising jam tomorrow thats not the same as jamy rolly polly with custard now.
rmillaree
10/6/2024
13:52
I agree they are operating well, getting better on line but I don't agree with supporting the IT illiterate with purchase equipment devices in store as the labour cost would wipe out the profit let alone the IT plus the costs of devices.Customers need to be able to do it for themselves at home or on their phones. That needs well written software. That makes it cheap and easy and keeps staff in stores just taking money.
chester9
10/6/2024
13:19
Who says they are doing anything wrong? Numbers look pretty good to me!
rubstick
10/6/2024
12:36
This imo is where Card is going wrong. We just assume that it will only be old folk that go in and try and make the custom cards. It is so ingrained in everyone's thoughts that nobody under 60 goes into a Card Factory store that nobody is open to the possibility of up selling the digital side. That's where this investment falls down.
blueclyde
10/6/2024
07:56
Have a look at Narf if you like that idea their investors video just gives the tip of the iceberg on the dark web war that is being fought right now but is hardly discussed on media. Hope CF have their system protection bang on, though I accept they are not such a target as digging secretly into PLC accounts to get the results before the city or shutting down NHS systems for ransom.
chester9
10/6/2024
07:50
i would hire a kid with a track record, agree a budget with him. than give him double that amount and certain card organisation assets (after reasonable explanation and agreement) - to attack moonpig.

corporate old farts are evolution, low risk and highly profitable but

certain action can be done by youth revolution mostly.

it just is that way

imho

kaos3
10/6/2024
06:19
The best way is to get apps and web pages to be super simple, they have made good progress but more to do.I agree that the marketing is low impact by comparison with moonpig and funky pigeon. It's a big no to machines in store as it would put labour costs and equipment costs too high.Imagine standing by a person that is not tech savvy needing 20 minutes help to send a card. With min wage that's £3.50 in time.
chester9
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