image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Card Factory - Peel Hunt initiates with £5 target

July 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CARD
  • Price:
  • 367p
The shares hit a new high of 369p following a trading update, which noted that revenues increased 7.5% in the three months ended 30 April in spite of tough comparisons a year ago (Q1 ’15: +8.5%). 19 new stores opened, bringing the total to 783 stores while net debt fell from £103.6m to £91.9m.Peel Hunt has initiated coverage with a punchy 500p price target and eps forecasts for 18.8p, 20.8p and 22.8p in years ended Jan ’16-‘18.The broker notes the strong cash generation and believes Card Factory could pay between 65p – 98p a share in dividends between FY’16-FY’18 and stay within guidance for net debt / ebitda of 1-2 x. It also notes its enviable 17-year record in winning like-fo ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Card Factory - Long-term seller finally exits (September 2024)
Card Factory (March 2024)
Card Factory - Four “ahead of” updates since November (September 2023)
Card Factory - Recovering card retailer on low PE (June 2022)
Card Factory (June 2017)
Card Factory (March 2017)
Card Factory (November 2016)
Card Factory - Tremendous 7.7% dividend yield (August 2016)
Card Factory - Another special dividend expected (June 2016)
Card Factory - Liberum highlights 16 month payback for new stores (March 2016)
Card Factory - “30% of market cap to be returned to shareholders by 2023,†says broker (November 2015)
Card Factory (October 2015)
Card Factory (March 2015)
Card Factory - Greetings card firm enjoys huge gains in market share (January 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X