Theworks.co.uk Share Discussion Threads

[darrin1471] 24/1/2023 11:42

Hoyle sold Card Factory to Charterhouse in 2010.
Graeme Coulthard was a partner in Charterhouse and was a director at card factory for 5 years from pre IPO.
Graeme Coulthard retired from Charterhouse over 5 years ago and is described as a private investor on LinkedIn

[kaos3] 24/1/2023 11:14

I trust him ... so I will not exit 100 percent. will keep a stake for the long term...

this low Co valuation gives every one with a money a superb PLATFORM for expansion and growth into many directions

in absolute terms not a lot of money for a sharp cookie. I hope a man with a plan beyond buying shares

[chinahere] 24/1/2023 11:10

He bought into a lot of selling.

Pandafund over on LSE has some good information:

Graeme Coulthard increases his stake to 5.6%. Coulthard is a former director of Card Factory and was also active during the Private Equity takeover of AA, when it was sold off on the cheap in 2021. I fear we may see the same thing here.

[crumppot] 24/1/2023 11:07

Then it is strange that the share price hasnt gone up.

[chinahere] 24/1/2023 10:46

Graeme Coulthard has gone up to 5.6% from 4.16%

[s34icknote] 23/1/2023 13:53

350 k sell from Friday ??

[chinahere] 21/1/2023 19:43

I had wondered why post-IPO in 2018 (without the £30m of debt) the profits were small in 2018 and 2019.

I am pleased to see that it looks like both were negatively affected by IPO and office move exceptionals. In the 2019 Annual Report page 28 it says:

2018 PBT £2.57M (exc. IPO related and exceptionals PBT = £4.24M)

2019 PBT £2.33M (exc. IPO related and exceptionals PBT = £6.73M)

You can see that £6m is not unreasonable, but sales have increased by 20%+ and the management look to me to be modernising the company.

I seriously can see this thing earning the equivalent of half the current share price per year (£10M+) in a few years time.

[albanyvillas] 21/1/2023 18:24

Loss before tax of GBP10.7m



ffs

[chinahere] 20/1/2023 18:16

£40k of shares buys you one shop here now. No debt either.

[casholaa] 20/1/2023 16:04

I think a small part of the answer you're groping around for is that, they appear to have indicated that they make their money in H2 around xmas (possibly a once a year, trading share).

[s34icknote] 20/1/2023 16:00

Christmas stock bought in !

[onjohn] 20/1/2023 15:53

£10m cash evaporated

[glavey] 20/1/2023 15:43

You go for it then...

[wiseman1967] 20/1/2023 15:24

On 11th November the company set out ebitda expectations for 2023 of 9m gbp. They confirmed this forecast this morning (with the key Christmas trading in the bag). At an undemanding EV/ebitda of 7x that is 63m gbp. Even if you ignore the positive cash on the balance sheet that takes the share price to over 100p. That is 3x current price - bargain!

[crumppot] 20/1/2023 14:49

what has caused the share price to fall so much?

[harry_david] 20/1/2023 14:23

darrin, also, currently expect results to be in line with expectations.

[chinahere] 20/1/2023 14:10

This Gavin Peck interview from 2021 cheers me up:

[darrin1471] 20/1/2023 13:19

"Expect to announce final dividend provided full year results in line with expectations"

[darrin1471] 20/1/2023 13:13

Not having a webcast of the presentation is unfair to private investors as Q&A by analysts often highlights issues not resolved in a trading update.

[chinahere] 20/1/2023 12:56

Blue finish - lol

[chinahere] 20/1/2023 12:45

You put that very well Harry.

How many businesses are there that are effectively debt free with sales of 10 times their market cap?

Surely this can be guided towards 5% profit - over half the market cap.

[chinahere] 20/1/2023 12:39

The presentation is up there now:



"Stock value grew due to 12% increase in units on hand and 20% average increase in cost per unit"

The 20% increase in cost per unit isn't all (or mostly?) inflation is it - they said that they are moving to more expensive branded and just-released products.

If only we had the current cash number.

[harry_david] 20/1/2023 12:37

This company has sales 10 times higher than its capitalisation and no borrowings. It has complete flexibility in its future strategy, if costs for example are a problem it can increase margins.
There is a big buyer lapping up everything on offer, he sees the opportunity.

[s34icknote] 20/1/2023 11:34

First half they absorbed increased costs , am sure they will pass them on In second half figures