Card Factory Share Discussion Threads

[garycook] 05/1/2017 10:21

When is the next trading announcement ?

[paleje] 05/1/2017 09:10

Trading update due soon, lets hope some stardust from Ms Hubbard's previous outfit B%M will be sprinkled into it:)

Must admit it's performed poorly so far, worse that I expected but consumer spending getting tighter could benefit us.

[aishah] 07/12/2016 20:22

Keep accumulating whilst overhang persists. Imo. Dyor

[smokybenchod] 07/12/2016 18:50

Just looking over some recent RNS's - Old Mutual have reduced from 31 million shares to just under 20 million. That's 11 million shares sold in the last few months, which hasn't helped the share price Looking at the trades today, I still feel they are offloading - although looks like they are nearly finished after which I expect £3+ coupled with the Jan trading update which IMO will be v positive.

[garycook] 01/12/2016 02:11

fozzy,You need to be patience atm.Just hold and forget.It will come good.

[fozzyb] 30/11/2016 20:43

Fair enough, becoming frustrated in share price performance and my patience is wearing thin, and having averaged down several times, I am well underwater here but believe in long term company story

[garycook] 30/11/2016 08:18

fozzyb,I do not have an exit price,as I am a Income investor,but TP £4,within the next year. DYOR

[fozzyb] 30/11/2016 08:12

Good call garycook, what's your exit price and anticipated timeframe for this?

[garycook] 30/11/2016 02:08

Topped up yesterday at 243.50p.A bargin at these levels for the long term,and a near 10% yield with the Special Divi.

[johnv] 29/11/2016 20:07

Questor column in the telegraph today gives card a buy. Saying it could pay another special divi.

[smokybenchod] 26/11/2016 10:07

Not holding my breath until it clears 265 as trend is still downwards till then

[garycook] 25/11/2016 15:27

It bounced off it.So hopefully north we go.

[smokybenchod] 25/11/2016 13:48

2.39 is 61.8% retracement from 388p high and support on Fibonacci retracement level. If it falls through here £2 is next imo.

[paleje] 25/11/2016 08:38

If the UK economy does what the IFS say, maybe there'll be an opportunity for the value end of the high st to increase market share.

[smokybenchod] 24/11/2016 22:22

Reduced footfall is all the more reason for strategic online acquisitions imo

[kiwi2007] 24/11/2016 22:07

There have been two big, big sellers earlier this month with Old Mutual dumping 4 million alone (and 9 million traded over three days !) - normally it's around 300,00 a day'ish. I'd imagine that wholesale brokers may still have some on their books.

I'd be slightly wary because of the reduced footfall and pretty negative forecasts for the UK economy going forward.

As for the IC, it might be wise to remember the old saying "Where there's a tip there's a tap".

[paleje] 24/11/2016 21:21

Steady, I like the special divis! IC have made them a tip of the week, presumably be in mag tomorrow, that should drop us a bit more:)

[smokybenchod] 24/11/2016 08:21

Wonder if they could try and buy funkypigeon or moonpig instead of all the special divys. Think this could help their online presence.

[fozzyb] 23/11/2016 20:59

I'm struggling to see why this has been marked down so harshly, the currency and hedge positions are not unique to company and eventually prices will rise. I think the negative sentiment must be attributed to the retailer being deemed a fixed price discount retailer which it is not. Going to keep buying this falling knife for now.

[reallyrich] 16/11/2016 11:16

I think there is worry with regard margins and the weakness of the pound against the dollar as the goods are normally purchased in dollars. The did hedge a fair amount at I think 1.50 but the current rate is far below this.

They did not mention it in this trading statement but they did discuss it as a concern in the previous results.


Other than that it looks a good buy

[alex1621] 15/11/2016 15:00

Surprised at the share price reaction, as one of the better retailers out there, a market leader, strong cash flows and a solid dividend with the possibility of special dividends going forward. Some retailers do well in recessionary times and this one might well be one of them.

[paleje] 15/11/2016 14:11

IC gave a qualified thumbs up this morning:-

A trading statement from Card Factory (CARD) has sent shares there up 1 per cent this morning despite an “unspectacular” third quarter, to use brokerage Peel Hunt’s words. Total sales growth of just 4.4 per cent doesn’t give the market much confidence over like-for-like growth, but we like to see the group is still highly cash generative. That gives us some reassurance over future special returns. With Christmas just around the corner, we remain bullish for now. Buy.

[garycook] 15/11/2016 09:04

Nice up tick on the trading statment !!!

[paleje] 15/11/2016 08:17

That about sums it up, and in line for FY pre tax profit.