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CC. Clinton Card

7.00
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Clinton Card LSE:CC. London Ordinary Share GB0002036720 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 7.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 7.00 GBX

Clinton Cards (CC.) Latest News

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Clinton Cards (CC.) Top Chat Posts

Top Posts
Posted at 09/5/2012 11:41 by woodsman2004
Just to clarify, they have not bought the business for £0 or for £35m. What they have done is bought some of the debt for a price, lets assume for the sake of argument, 50% of £35m = £17.5m.

As the loans have technical breaches, AG can default the loans and call in the administrators. Obviously the banks could have called in the loans themselves so my guess is that this is a defensive move by AG - either to protect whatever investment in terms of stock etc they have in the business, or to protect an important market for them. I expect they will use the administration to renegotiate the leases on a chunk and run the business as a newco, from of old debts etc.

Clearly some people still buy cards from stores and are happy to pay the asking price - so its just a question of getting the cost structure right.
Posted at 26/1/2012 11:55 by m.t.glass
Price on its way down again?
It's been hanging onto that 10p+ level for the past few weeks.
Plenty of orders to buy at 10p, but two MMs trimmed their bids a few moments ago, LCAP to 8.88p and RAZH to 8.63p.
Posted at 05/1/2012 11:44 by hoper2
You maybe right, but all the points you make apply to nearly all medium sized retaillers at the moment. I think in the circumstances CC are doing OK. It's interesting to see that Clintons - which is fairly upmarket in card shop terms -is doing much better than Birthdays. It's a shame for the workforce, but I can see Birthdays being put into administration, it's been a drain on Clintons for far too long. If I remember right they recently secured their loans, which should ensure they are around for a while yet. The share price could drop a little, but medium term if there is any recovery in the economy, it could surprise you.
Posted at 04/11/2011 09:22 by lennonsalive
I wonder if investors are banking on Christmas to save CC.?
Posted at 04/11/2011 09:13 by m.t.glass
More than a little gain now, h2. Share price has climbed over 100% in 12 trading days. A remarkable bounce.
Posted at 27/10/2011 07:22 by m.t.glass
"..Embattled retailer Clinton Cards has said plunging consumer confidence and a lack of shoppers on the high street pushed it to a £10.7 million loss last year.
The greetings card and gift chain, which owns 596 Clintons stores and 127 Birthdays stores, fell into the red in the year to July 31 after recording pre-tax profits of £11.97 million the previous year..."
(PA)



Share price holding up remarkably well, at the moment.
Posted at 27/10/2011 06:26 by m.t.glass
Horrible results.

If anyone bought in thinking there was a pleasant surprise driving the share price up over the past week, they've been had. (The sensible ones sold yesterday when they saw that negative candle taking shape)


The Independent last night had this to say about one competitor:
Posted at 20/10/2011 09:36 by clocktower
The problem they also have is that having dropped prices ( and quality) on a lot of the products they were selling, to lower price, they suffer turnover drops.
Posted at 19/10/2011 10:10 by hoper2
I haven't bought any yet, but "if" the banks have agreed to renew their loan facility - why would the new CEO join if they had not - and the possibility of some sort of CVA, they could be a steal at this price. Remember 3-years ago when the share price dropped to this level they rebounded to over 50p. Despite what people say about the supermarkets, moonpig and all the other competition I'm not sure they are actually losing any market share. Anyone know for sure if they are? Facts no guessing please.
Posted at 06/5/2011 09:29 by hoper2
M.T.Glass - Christmas 09 was fairly good for CC, the share price around that time was about 40 - 50p and was ok until they gave a downbeat statement in the early summer 2010. Since then it's been gradually downhill. The weather did affect Christmas trading in 2010 as it did all the "specialised" christmas shops. It may not have affected them badly - I think it did, but I appear to be in the minority - but it had to have had some impact on trading. All I'm saying is they have very little debt, are making profits even in the bad times and Christmas should be stronger than last year, when parts of the country were snowed in. If the share price drops to 10-12p I think it's definitely worth a punt, but it's only my opinion.
Clinton Cards share price data is direct from the London Stock Exchange

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