Card Factory Share Discussion Threads

[paleje] 07/11/2016 12:22

And I thought 280 was the low point:)

[paleje] 27/10/2016 14:35

Ah well, I get it back apparently if they execute.

There was something else I forgot to mention about CARD, many me included have been concerned about increased fx costs since brexit but (1) the pound may strengthen sooner than many thought (2) USD is in for a battering according to a well though out piece by Jim Mellon on MasterInvestor earlier this week (3) the costs cuts being made to ameliorate the fx effect are permanent, they won't be un-cut when the rate normalises...so the co will be operating more profitably going forward.

Win win win.

[paleje] 27/10/2016 11:47

HFX want 2 quid off me to do that! Robbers.

[garycook] 27/10/2016 10:26

paleje,That is good.But it cost nothing to instruct a Limit sell order and can only help the share price

[garycook] 27/10/2016 08:09

To all CARD shareholders. I have today put a Limit sell order on my holding in CARD of £4,to stop Shorter,s from loaning the shares from my broker,which they can do for a fee,without me or you knowing about.I suggest you do the same.

[garycook] 26/10/2016 04:53

It can only look terrible for so long.It will recover.Good value at these levels.If the dividend is maintain with the Special.Then Yield is 9%

[johnv] 25/10/2016 15:37

The chart looks terrible.

[garycook] 25/10/2016 14:51

She knows value when she see,s it.Also added here.

[paleje] 25/10/2016 14:49

I know it wasn't a massive buy but still nice to see KH adding to the substantial holding she bought days after the Brexit vote.

[bingham] 20/10/2016 10:10

xd 18p today.

[bulltradept] 20/10/2016 10:02

Market now switching on to costs of sterling weakness.

£2.50 entirely possible.

[mortimer7] 18/10/2016 15:26

They will use their bank borrowing facility (£200 million revolving credit facility).

[rolo7] 27/9/2016 23:28

How are card going to pay the 51+million dividend when they only had 3million ish cash end of July? Confused.

[hawaly] 27/9/2016 16:18

Seemingly uncharacteristic share price action today - up 7.2% at one stage then 1.2% - still moving around a lot.

[aishah] 27/9/2016 08:48

Peel Hunt reiterates BUY and 500p target.

[aishah] 27/9/2016 08:27

Card Factory has reported a solid set of interim results although "softer footfall" led to slightly lower than normal sales growth from its stores.

In the six months to 31 July 2016, Card Factory revenues rose 4.8 per cent to £169.2m while like-for-like sales increased by 0.2 per cent.

Softer footfall resulted in lower than normal sales growth from stores, although there was strong growth in sales from the new Card Factory website.

At the underlying level, EBITDA climbed by 5.1 per cent to £34.2m and profit before tax was up from £25.7m to £27.6m.

Card Factory opened 34 net new stores in the period, bringing its total estate to 848. A further six net new stores have opened since 31 July, including at the Trafford Centre in Manchester.

The business said it had a strong pipeline of further new store opportunities and was on track for approximately 50 net new openings by the year-end.

"We have delivered a solid set of interim results with further growth in both revenue and profit, albeit with softer footfall resulting in slightly lower than normal sales growth from our stores," said chief executive Karen Hubbard.

"We remain highly cash generative and are pleased to be announcing another special dividend of 15 pence per share. Together with the interim dividend, this means we will have returned over £160m to shareholders since IPO just over two years ago.

"We remain the clear leaders in our market, with a strong value proposition, a unique vertically integrated operating model, significant scale advantages, and industry-leading margins. The potential for further growth - through like-for-like sales growth, further store roll-out and the full exploitation of our online channels - is exciting."

Hubbard, who joined the company in April, added that trading in recent weeks has been similar to the trends seen in the first half, "with encouraging continued growth in average spend".

"We approach the important final quarter with confidence in the quality and value of our offer, including our new Christmas ranges, and remain confident of delivering full year underlying profit before tax within the range of expectations."

insidermedia.com

[silverfern] 27/9/2016 07:27

3total of nearly 18p div

[spoole5] 18/9/2016 18:11

Almost completely recovered from the irrational sell off now and looking forward to interims next week where we will get news of special divi.

[aishah] 14/9/2016 12:07

Yes, market probably realising that some cost pressure can be passed on as CARD have room in their pricing

[silverfern] 08/9/2016 15:50

recovery going on ahead of next annoucements

[paleje] 19/8/2016 08:33

Footfall seemed to grab peoples attention but it was probably a blip and the July retail figures just out are well up on 2015 so maybe that little blip was nothing to worry about.