Updates

Card Factory

October 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.

The shares have closed towards their highs after Card Factory put out a strong trading update, with total sales growing 8% (2.7% like-for-like growth) in the six months ended 31 July. A further 36 net new stores opened, bringing the estate to 800 stores and it expects to open 50 for the full year.Cash generation remains strong with net debt falling from £147m to £109m, leaving strong headroom against its recently extended bank facility of £200m.The group previously stated an intention to return surplus cash to shareholders and will provide more details at its half-year results on 22 September.Tipped at 268.5p in January ‘15, the shares have gained 40%. Strong hold, with more good news e ...

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TMI Trader Portfolio - October '15

Card Factory - Long-term seller finally exits (September 2024)

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Card Factory (June 2017)

Card Factory (March 2017)

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Card Factory - Tremendous 7.7% dividend yield (August 2016)

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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)

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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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