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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Card Factory - “30% of market cap to be returned to shareholders by 2023,†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.

  • Epic Code:
  • CARD
  • Price:
  • 370p
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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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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