Updates

Card Factory - â€œ30% of market cap to be returned to shareholders by 2023,â€ says broker

November 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.

Budget greetings card seller Card Factory is turning into one of the top new issues of 2014 and the shares have already run from the 225p float price to the current 370p. Our recommendation was at 268.5p in January. Much of the re-rating reflects investors waking up to its tremendous cash generation and the highlight of its interims for the six months ended 31 July was the declaration of a special dividend of 15p-a-share (£51.1m). This followed a £200m debt refinancing, which reduced interest costs and gave it significant headroom on net debt, which fell from £144.2m to £108m.Revenues and pretax profit rose 8% and 72% respectively to £161.4m and £25.7m, while eps leapt 46% to 6p. Like-for-like sa ...

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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 (October 2015)

Card Factory - Peel Hunt initiates with Â£5 target (July 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.

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