Updates

Card Factory

November 2016

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.

As we had anticipated when we added discount greetings card retailer Card Factory to the TMI Trader Portfolio the company has declared a 15p special dividend; it goes ex div at close of business 21st October. This cost it £51m and takes its total dividends to shareholders to an impressive £164m since its float just over two years ago. Forecast total dividends for 2016 are 23.5p, for a current yield of 7.7%!Interim results themselves were in line with revenues up 4.8% to £169m (like-for-like +0.2%) reflecting softer footfall from stores. EBITDA grew 5% to £4.2m (EBITDA margins rose 0.1% to 20.2%) thanks to tight cost control and better buying from the non-greetings card side, while eps increased 7% to 6.45p. ...

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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 - 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 - â€œ30% of market cap to be returned to shareholders by 2023,â€ says broker (November 2015)

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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