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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • CARD
  • Price:
  • 307p
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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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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