Card Factory Share Discussion Threads

[se81] 23/7/2024 16:29

Certainly more interesting than say Schroders! Suppose the question is whether his 8% stake is material enough for the size of his investment company...

[allstar_07] 23/7/2024 16:17

Holding rns pur, Brett Blundy has picked them up

[aishah] 23/7/2024 15:03

Excerpts from recent Shares Magazine BUY at 98.9p (11 July issue)

Why Card Factory is a growth and income stock worth celebrating.

The value-focused cards, gifts and calendars seller has scope for expansion and has returned to the dividend list.

Seeking a cash-generative retailer with underappreciated growth prospects and a low equity valuation that suggests significant re-rating potential? Then look no further than Card Factory (CARD), the value focused greeting cards-to-party supplies seller with a modest share of a large TAM (total addressable market).

At the full year results in April, Card Factory announced a welcome return to the dividend list, having reduced net debt by 40% to £34.4 million in the year to January 2024. For the year to January 2025, Berenberg forecasts a rise in pre-tax profit from £62 million to £69 million as sales tick up from £511 million to £552 million, ahead of taxable profits of £75 million on £591 million turnover in full year 2026.

Based on forecast earnings of 14.9p and a 4.66p dividend for this year, Card Factory’s shares trade on a single digit PE (price to earnings ratio) of just
6.6 and offer a 4.7% yield. A re-rating to just 10 times forward earnings, which seems achievable in the near term, implies a 149p share price, while Card Factory’s return to the dividend trail offers a catalyst for value and income investors to revisit the name.

Canaccord Genuity says: ‘Dividends have been reinstated and strong free cash flow generation will see leverage reduce further and the group move to net cash position, paving the way for additional shareholder returns over time.’

[leeson31] 23/7/2024 14:03

It'll have to be reported soon...

[bountyhunter] 23/7/2024 13:38

Good point re who has picked up that 9.92% sold by Teleios Capital Partners LLC on 18 July. Certainly not small change with a market cap of 366m.

[1224saj] 23/7/2024 11:15

Agree, froth coming off now. Needs to hold 1.10 :-)

[s34icknote] 23/7/2024 10:35

And interim div to go with the 4.5p final

[s34icknote] 23/7/2024 10:34

Market is mad , peeps like a quick profit .Sit tight , sept update ??

[melody9999] 23/7/2024 08:41

Looking like it will break through the resistance around here....then the share price could pop fairly quickly.

[yf23_1] 23/7/2024 08:28

Can't understand people who are selling at 112 for a few pence profit after waiting so long for the Telios stake to go.

[grahamytrain] 23/7/2024 08:28

Tellios’ constant selling was obviously holding CARD back, the shackles are off now, and with a bit more attention it certainly might be the target of a takeover….but let’s just enjoy this ride for now.

[bountyhunter] 23/7/2024 08:16

What's going on here? Up ~10% in less than 24hrs. Anyone might think we are about to be acquired!!? Just a thought off the top of my head so dyor and certainly nai!

[chester9] 23/7/2024 08:15

110 has been the glass ceiling. With Telieos gone it should shatter very soon. FY 27 650m target gives 152 PE of 7. Still very cheap.

[leeson31] 23/7/2024 08:08

even the divi % at 111p is very attractive to newbie buyers, never mind how undervalued it is anyhow.. :-)

[socionomics] 23/7/2024 08:05

Gap close to 138p.

[yf23_1] 22/7/2024 20:49

Just need to know where the 30m shares went.

[bountyhunter] 22/7/2024 20:47

A nice 6% rise today most of which was post 3pm.

[1224saj] 22/7/2024 19:08

Happy to see this back at pre covid price of 2.04 in July 2019 by end of this year. Very possible after the last strong update

[1224saj] 22/7/2024 18:58

Embarrassing typo on the last msg Good riddance :-)

[1224saj] 22/7/2024 18:56

Good riddons to them, wouldn't my money managed by them

[omron] 22/7/2024 18:34

For what it is worth, Simply WallSt have fair value at £2.27...

[grahamytrain] 22/7/2024 17:45

Is there a new buyer? Has there been a transfer of shares to another investor?

[harry_david] 22/7/2024 17:33

Great news they now should fly

[seroserio] 22/7/2024 16:12

FD bought a nice wedge in June.

[sphere25] 22/7/2024 16:08

Slow as owt nowadays.

Can't see that trade. Has that gone through the backdoor in some dark pool?

It should crack on this if they are out. Market has been waiting ages for this.

All imo
DYOR